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
mart [117]
3 years ago
10

At December 31, Riverbed Corporation reports net income of $454,000. Prepare the entry to close net income. (Credit account titl

es are automatically indented when amount is entered. Do not indent manually.)
Business
1 answer:
Tpy6a [65]3 years ago
3 0

Answer:

Dr Profit and loss account $454,000

Cr Retained earnings $454,000

Explanation:

Preparation of the Journal entry to close net income for Riverbed Corporation

Based on the information given we were told that the Corporation reports net income of the amount of $454,000 on December 31 this means the Journal entry to close the account will be recorded as:

Dr Profit and loss account $454,000

Cr Retained earnings $454,000

You might be interested in
In order for a business to be really successful,
poizon [28]

it would be a as a team I hope this helps

3 0
2 years ago
Which skills will be most beneficial for computer help desk technician
tester [92]
Here are five of the most advantageous soft skills for IT help desk technicians:<span>Critical Thinking. Oftentimes, help desk technicians have flow charts or predefined procedures they can follow to resolve known problems. ...Written Communication. ...Active Listening. ...Verbal Communication. ...Conflict Resolution.</span>
7 0
3 years ago
Switching costs, the number of buyers, and if the items represent a relatively small portion of the cost of finished products ar
Murrr4er [49]

Switching costs, number of buyers, and if the items represent a relatively small portion of the cost of finished products are key considerations regarding the bargaining power of buyers.

Switching costs are the costs which are paid by a consumer as a result of switching brands, suppliers, or products. Some companies may employ high switching costs in order to prevent customers from moving to another brand.

Suppose if the customer purchases large volumes of standardized products from the seller, then the buyer's bargaining power is quite high.  Also, when substitute of a product is available in the market, the buyer power increases.

Hence, most prevailing switching costs are monetary in nature.

To learn more about switching costs here:

brainly.com/question/15561738

#SPJ4

7 0
1 year ago
Describe at least two discretionary expenses that you expect to have at some point in your life.
Anni [7]
Definition of discretionary expenses : The cost that does not essential for your daily life operation or business

Example of discretionary expenses :
- I may buy paint to give color for my toenails
- A business hire some entertainers for its employees to gain their goodwill
7 0
3 years ago
Over the past 4 years, Cardi, age 28, has contributed a total of $20,000 to a Roth IRA. The current balance is $25,000. She was
Juliette [100K]

Answer:

$0

Explanation:

According to the scenario, computation of the given data are as follow:-

Contributed amount = $20,000

Distribution amount = $15,000

As we know,

Taxable amount = Distribution amount - contribution amount

= $15,000 - $20,000

= - $5,000

The contribution amount is $20,000 more than the distribution amount $15,000. So distribution amount is not taxable.

She included $0 amount in her gross income this year.  

 

4 0
3 years ago
Other questions:
  • Berning Company purchased a tractor at a cost of $540,000. The tractor has an estimated salvage value of $60,000 and an estimate
    5·1 answer
  • Drury corporation needs to raise $ 2 comma 300 comma 000. the corporation plans on selling 100 comma 000 shares of $ 23 par valu
    11·1 answer
  • Venus Williams is one of the top women’s tennis players in the world. Because this status overrides all her other statuses, it i
    9·1 answer
  • The total number of points of work a team can accomplish in each scrum period is called? ________.
    11·2 answers
  • what type of interest rate is set and will not be changed unless you go over the limit or fail to make a payment​
    7·1 answer
  • The predetermined overhead allocation rate is an estimated overhead cost per unit of the allocation base and is calculated at th
    8·1 answer
  • Innov Inc. manufactures electronics and home appliances for the environment-conscious buyer. It has recently launched an online
    7·1 answer
  • FYI; for those of you who "do not find this set up of the site fair" are ridiculous an unappreciative. This site and the coopera
    15·1 answer
  • The Crazy Nut Company wishes to market two special nut mixes during the holiday season. The Fancy Mix contains 0.5 pound of pean
    10·1 answer
  • Identify the following costs as fixed or variable:
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!