Answer:
Sales Revenue $811,419
Interest Revenue $12,690
Cost of Goods Sold $575,593
Administrative Expenses $189,840
Income Tax Expense $31,877
Dividends $18,984.
<u>Year end Closing Entries</u> Dr. Cr.
1.
Sales revenue $811,419
Interest revenue $12,690
Income Summary $824,109
2.
Income Summary $797,310
Cost of Goods Sold $575,593
Administrative Expenses $189,840
Income Tax Expenses $31,877
3.
Income Summary $26,799
Retained Earning $26,799
4.
Retained Earning $12,690
Dividend $824,109
CRM software is designed to help business meet overall goals of customer relationship management. However this software is sometimes used to manage business contacts, clients, and contract wins and sales leads.
An ad by the Minnesota State Tourism Department, which promotes Minnesota as a vacation destination, was published in Life Mode magazine. The ad includes a picture of a couple against a scenic backdrop. In this print ad, the source of the advertising message is the Minnesota State Tourism Department
<h3><u>
Explanation:</u></h3>
Tourism department generates revenues to the government with the help of the natural resources and beautiful destinations that exists in a country. Money will be collected from the people who visits the places in the country. This type of depart earns a lot of revenue during the time of vacations.
They also promote by giving certain discounts and offers during vacation time for attracting many people towards that destination. They also give advertisements for making the people to support state tourism to generate resources for the nation. Thus, in the given example the source of the advertising message is the Minnesota State Tourism Department.
Answer:
The total value created is $70
Explanation:
In this scenario, the total value created is the total monetary benefit of a consumer and a producer with respect to the sale of a product. It therefore, is the sum of the consumer surplus and producer surplus. It is calculated as follows:
Consumer surplus = consumer's willing price - market price = 130 - 100 = $30
Producer surplus = market price - producer's willing price = 100 - 60 = $40
Therefore, total value created = 40 + 30 = $70
Answer:
C. $71,000 instead of attending graduate school
Explanation:
Given that
Economic cost = 175000
Recall that
Economic Cost = Accounting (Explicit) Cost + Implicit Cost
Accounting Cost = Tuition + room + books
= 100000 + 20000 + 2000
= 122000
Implicit Cost = Opportunity cost of attending the school. So,
Assuming money earned from job = a
Then,
Spending if she gets the job = 18000 on room.
Therefore,
Implicit cost = a - 18000
We have
Economic Cost = 122,000 + (a - 18000)
175000 - 122000 + 18000 = a
53000 + 18000 = a
71000 = a
Remember
a = money earned from job
Thus
Money she could earn in 2 years instead of attending graduate school = $71,000