1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Norma-Jean [14]
3 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]3 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.

You might be interested in
KFC has added many offerings to its menus in China to appeal to local tastes, including the "Dragon Twister," which is a chicken
andrew-mc [135]

Answer:

D. Product Invention

Explanation:

            KFC added many items in the menu list when they opened their restaurants at China. By doing this KFC  tries to incorporate the local cuisine of Chinese foods into their menu.

            In China, KFC invented a new dish and named it the "Dragon Twister". In this dish, it contains a chicken wrap with Peking duck sauce on it. It highly resembles the local food of China.

           Thus KFC tries to promote and do marketing of its product in China by inventing new dishes which is similar to the local Chinese food and adding it to the menu list of KFC.

             By this, Chinese people will be attracted towards KFC and will come to try their newly invented "Dragon Twister".

Thus, the answer is D. Product Invention.

6 0
3 years ago
Which of the following is a difference between flow shops and job shops? a. Unlike flow shops, job shops require little or no se
andrew11 [14]

The difference between flow shops and job shops is that unlike flow shops, job shops require frequent machine changeovers and delays.

<h3>What is a job shop?</h3>

The shops, which specialize and are involved in the manufacturing and production processes, which are typically medium-sized enterprise, and conduct different types of job after the completion of one, are job shops.  

Hence, option C holds true regarding a job shop.

Learn more about a job shop here:

brainly.com/question/15222686

#SPJ1

5 0
2 years ago
Who investigates complaints of the Holden Act and takes remedial action as required by law? The Department of Housing and Urban
o-na [289]

Answer:

The Department of Housing and Urban Development

Explanation:

The Holden act or the California Housing Financial Discrimination Act of 1977, <u>states that financial institutions cannot discriminate against people applying for loans or financial assistance,</u> for reasons such as; race, color, ethnicity and religion.

The Holden act is enforced by the Department of Housing and Urban Development.

5 0
3 years ago
Room Chill Company manufactures ceiling fans and uses an activityminusbased costing system. Each ceiling fan has 20 separate par
igor_vitrenko [27]

Answer:

Total unitary cost= $121.5

Explanation:

Giving the following information:

Each ceiling fan has 20 separate parts.

The direct materials cost is $85

Each ceiling fan requires 3.5 hours of machine time to manufacture.

Activity Allocation Base Allocation Rate

Materials handling Number of parts $ 0.08

Machining Machine hours 7.20

Assembling Number of parts 0.35

Packaging Number of finished units 2.70

To calculate the unitary manufacturing cost, we need to use the following formula:

Unitary manufacturing cost= direct material per unit + allocated overhead per unit

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Materials handling= 0.08*20= $1.6

Machining= 7.20*3.5= $25.2

Assembling= 0.35*20= $7

Packaging= 2.70*1= $2.7

Total= $36.5

Total unitary cost= 85 + 36.5= $121.5

4 0
3 years ago
Explain how the Federal Reserve Board can increase or decrease the money supply using each of the following tools: reserve requi
Alex17521 [72]

Answer:

Reserve requirements – Reserve requirement increases to decrease the money supply or vice versa.

Open-market activities – the Fed sell the securities to reduce money supply or purchase it to increase the money supply.

Discount rates – Decrease the discount rate to increase the money supply or vice versa.

Explanation:

The Federal Reserve increases or decreases the money supply by using various tools. So in the case of the reserve requirement, the bank increases the percentage of reserve requirement if the Fed wants to decrease the money supply and to increase the money supply it reduces the reserve requirements. In the case of open market operations, the Fed sells securities and bonds in the market in order to reduce the supply of money or to decrease the supply of money it buys the securities from the market.

In the case of a discount rate, the Fed reduces the discount rate to increase the money supply because reducing the discount rate will induce the banks to give more loans. But to decrease the money supply, the Fed increases the discount rate because an increase in the discount rate reduces the ability of banks to give loans.

6 0
3 years ago
Other questions:
  • Alexandria has recently begun using social media, and frank asks you what can be done with the data that is being generated. wha
    9·2 answers
  • As the manager of a golf resort, you want to increase the number of tee times sold by 10 percent. Your staff economist (and juni
    8·1 answer
  • The General Fund reported a beginning balance of inventory of materials and supplies of $122,000. The ending balance was $150,00
    7·1 answer
  • Prompt<br> Why is it important to eliminate debt as soon as possible?<br> Read More &gt;&gt;
    8·2 answers
  • Suppose you are a leader responsible for an organization’s vision/mission statements. How often do you think they should be chan
    11·1 answer
  • Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing o
    12·1 answer
  • The maturity value of a 90-day note for $4,000 with an interest rate of 10 percent is?
    15·1 answer
  • In the value chain, what is the term of the activities that are required but not directly add value to the company's products or
    9·1 answer
  • 5) name 5 reasonable possibilities to earn money online.​
    14·1 answer
  • Global Stores is downsizing and must let some employees go. Employees volunteering to leave are being offered a severance packag
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!