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Norma-Jean [14]
4 years ago
15

Which of the following accounts are closed at the end of the year?A. accounts receivableB. retained earningsC. salaries expenseD

. service revenue
Business
1 answer:
yarga [219]4 years ago
6 0

Answer:

C. salaries expense

D. service revenue

Explanation:

All temporary accounts need to be closed off at the end of the year. Temporary accounts are accounts that both begin and end the period with a $0 balance so that they do not get mixed up with figures from the next period.

Items in the income statement such as revenue and expenses are closed at year end and will form part of the Retained earnings account as they would have been accounted for in the net income.

Salaries expense and service revenue will therefore be closed at the end of the year.

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A single-price monopoly can sell 2 units for $8.50 per unit. in order to sell 3 units, the price must be $8.00 per unit. the mar
MAVERICK [17]
Marginal revenue is the ratio that is calculated in order to account for the change in overall income that results from selling one additional unit. This term is usually considered a microeconomic term but has many managerial accounting applications. 

The formula to be used is,
             Marginal revenue = (change in total revenues)/(change in quantity sold)

Revenue for 2 units sold:   R = (2 units)($8.50/unit) = $17
Revenue for 3 units sold:    R = (3 units)($8.00/unit) = $24
   
Change in Total Revenue = $24 - $17 = $7

Marginal Revenue = ($7) / (3 - 2) = $7/1

<em>ANSWER: Marginal Revenue: $7/unit</em>
8 0
3 years ago
You are the executive director of the local animal humane society. A staff member you supervise has been working at the society
PIT_PIT [208]

Answer: Delegation

Explanation:

Delegation is one of the beauty of leadership. When a leader leads and wants to do everything, those under him would find it growing or come out of their shells but delegation would bring them out of those shell, expose them and expose or display the leader in them.

Another thing delegation does while making people lead is that it makes them value the products, job or organization than how they saw it previously.

As an executive director, I would love to delegate so they take those tough roles important

3 0
3 years ago
After an impairment loss is recognized, the adjusted carrying amount of the intangible asset shall be its newaccounting basis. W
Mandarinka [93]

Answer:

A, it is prohibited

Explanation:

Under the U.S GAAP, subsequent reversal of a previously recognised intangible asset impairment loss is prohibited with the exception that the intangible asset is held up for the purpose of sale.

Cheers.

3 0
3 years ago
Which of these is an example of a shortage?
AveGali [126]
Answer:

“Water cannot be used for certain crops because you are using it on others.”

Explanation:

The first and second option aren’t shortages. It just shows that no one is around to do any business. So the first 2 options are incorrect. The third option isn’t correct either. No items would be unavailable because they were shipped. If items were shipped, it would be a gain for a certain amount of time for people.
4 0
3 years ago
the present value of a cash flow will never be greater than the future dollar amount of the cash flow. t or f
svlad2 [7]

The following statement "the present value of a cash flow will never be greater than the future dollar amount of the cash flow" is true.

Cash flow is the net balance of money coming into and going out of a firm at a certain moment in time. A firm continuously has cash coming in and going out. For instance, money leaves the company and goes to its suppliers when a retailer buys inventory.

The expenses made as part of daily operations are included in the cash flow from operations. These cash outflows include things like rent, utilities, wages, and the cost of products sold. When a corporation operates heavily on the seasonal cycle, cash outflows might vary greatly.

To know more about Cash Flow here

brainly.com/question/24179665

#SPJ4

4 0
2 years ago
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