Answer:
Must be journalized and posted.
Explanation:
Closing entries are journal entries that is made at the end of an accounting period. It involves the transfer of balances of a temporary account to a permanent account.
Organisations employ the use of closing entries to reset the balances of temporary accounts to zero.
Closing entries are carried out to bring back the revenue, expense, and drawing temporary account balances to zero in preparation for a fresh accounting period.
Answer:
The correct answer is marginal product.
Explanation:
The marginal product of labor is the change in the output or total product because of hiring an additional unit of labor. In other words, the amount that an additional worker adds to the revenue is its marginal product.
It can be expressed as,
The marginal product of labor depends on the quantity of capital and labor already employed.
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Answer:
A. Businesses are able to sell products to customers around the world.
Explanation: