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frozen [14]
3 years ago
15

Vincente is conducting research to test the hypothesis that the social contagion effect is weak in adults. His finding that adul

ts who have a close friend or relative that abstains from drinking alcohol are more likely to abstain themselves will support this hypothesis.
Indicate whether the statement is true or false
Business
1 answer:
ehidna [41]3 years ago
6 0

Answer

<h2>In this case,the given statement would be false.</h2>

Explanation:

  • As it has been mentioned in the question,the researcher is examining the extent of social contagion among adults.
  • As stated by the hypothesis of the researcher,the impact or effect of social contagion is weak among adults implying that the adult section of the population doesn't get much influenced by the surrounding people or their social circle.
  • However,the finding indicates that adults who are close to non-alcoholics will likely to be the same as well,which essentially contradicts the initial hypothesis of the researcher.
  • As the initial hypothesis of the researcher basically implies that adults are less likely to be influenced or impacted by their social surroundings,the given finding basically contradicts or disputes the hypothesis as in this case,the observed sample of adult people is likely to behave in the same way or manner as their social peers.
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Identify which accounts should be closed on May 31.
vaieri [72.5K]

Answer:

Cash   ___________________ Not Closed

Supplies _________________Not Closed

Prepaid Insurance _________ Not Closed

Land  ___________________Not Closed  

Buildings ________________Not Closed

Equipment _______________Not Closed

Accounts Payable _________ Not Closed

Unearned Rent Revenue ____Not Closed

Mortgage Payable _________Not Closed

Common Stock ___________Not Closed

Rent Revenue ____________Closed

Salaries and Wages Expense_Closed

Utilities Expense __________ Closed

Advertising Expense _______ Closed

Interest Expense __________ Closed

Insurance Expense _________Closed

Supplies Expense __________Closed

Depreciation Expense _______Closed  

Explanation:

In accounting, there are two types of accounts

  1. Temporary
  2. Permanent

Temporary

Temporary accounts are closed at the end of each accounting period and new balance are maintained for the new period.

Expense and Income accounts are temporary accounts and these accounts are closed in the retained earning account of the balance share.

In this question following accounts are temporary accounts and these are needed to be closed at the end of the period.

Rent Revenue  

Salaries and Wages Expense

Utilities Expense  

Advertising Expense

Interest Expense

Insurance Expense

Supplies Expense  

Depreciation Expense

Permanent Accounts

Permanent accounts are not closed at the end of each accounting period and they carried their net and accumulated balance in the next period.

Assets, Equity, and Liabilities accounts are permanent accounts.

In this question following accounts are permanent accounts

Cash    

Supplies  

Prepaid Insurance  

Land

Buildings  

Equipment  

Accounts Payable  

Unearned Rent Revenue  

Mortgage Payable  

Common Stock  

5 0
2 years ago
Read 2 more answers
What was the opening price of dow jones industrial average on jun 01, 2017 in the format of xxxxx.xx?
babymother [125]

Answer:

21080.28.

Explanation:

3 0
2 years ago
You expect a share of EconNews.Com to sell for $65 a year from now. If you are willing to pay $65.74 for one share of the stock
iogann1982 [59]

Answer:

dividend payment = $6

Explanation:

given data

sell = $65

pay = $65.74

require a return =  8%

solution

we will use here present value formula that is express as

current stock price ( present value ) = \frac{future\ value}{1 + rate}  ........................1

$65.74 = \frac{65+d}{1+0.08}

here d is dividend

solve it we get

d = $6.00

so dividend payment = $6

6 0
3 years ago
Exercise 15-2 On January 1, 2017, Klosterman Company issued $420,000, 12%, 10-year bonds at face value. Interest is payable annu
Maslowich

Answer:

The journal entry to record the bond issuance is shown below:

Explanation:

The journal entry to record the bond issuance is as:

Cash A/c.............................................Dr  $420,000

        Bonds Payable A/c......................Cr  $420,000

Being the bonds issued

As the bonds are issued by the company so cash is coming into the business, which is an asset and any increase in asset is debited. Therefore, the cash account is debited. And cash is received against the bonds payable, so the account of bonds payable is credited.

6 0
3 years ago
Some individuals argue that accountants should focus on producing financial statements and leave the design and production of ma
dusya [7]

Answer:

If the accountants of an organization are to concentrate only on financial information then there will be no advantage. The both party (organization and the accountant) might suffer if this happened.

Moreover, it would be very costly to have two systems rather than one that captures and processes operational facts at the same time as it captures and reports financial facts.

The main disadvantage of this is that accountants would ignore much relevant information about the organization's activities. To the extent that such non-financial information (e.g., market share, customer satisfaction, measures of quality, etc.) is important to management, the value of the accounting function would decline.

Explanation:

3 0
3 years ago
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