Match the terms with the appropriate definition.

The account balances and income statement of Winfrey Towing Service on June 30, 2018, follow:

Alina [70]

Answer:

1. WINFREY TOWING SERVICE

Statement of Comprehensive Income

$

Service revenue 10,800

Rent expense (550)

Salaries expense (1,900)

Dividends paid (4,000)

Net income 4,350

Statement of Retained Earnings

$

Retained earnings b/f 3,900

Add: Net income 4,350

Retained earnings c/f 8,250

2. Statement of retained earnings report changes in retained earnings of a company in a given accounting year.

Explanation:

In this question, we need to obtain the net income of the company, which is service revenue minus expenses minus dividend. Then, the statement of retained earnings is prepared by taking cognisance of the retained earnings brought forward and add the net income for the year.

7 0

3 years ago

why might a bank offer to make a loan to a consumer at a low initial rate which will increase after a set period of time?a. too

Whitepunk [10]

I believe the answer is: c. to make the loan look more attractive and competitive now

By offering it at low initial rate, the people who borrow money would experience low burden if they plan to return the money within short period of time. This would make them much more likely to obtain a loan, and it also would make the bank that create the loan program looks better compared to their competitors.

8 0

2 years ago

If you walk into a(n) __________, you will likely find a broad variety of merchandise, deep assortment, and customer service, wi

Naily [24]

Answer:

department store

Explanation:

A department store is a type of retailer that offers a wide range of diverse products. Each product group is classified into a department, thus the name "department store". When customers buy products, they usually check out near the exit of the whole department store, although there are some check-out counters in each department. Also, customer service is always present, mostly in the form of numerous sales clerks providing a helping hand.

They can include almost any range of products: toiletries, furniture, home decor, clothes, toys, hardware... Some famous examples are: Le Bon Marché in Paris, Selfridges in the UK, Macy's in the USA...

On the other hand, a discount store usually offers a broad product range, low prices, but little to none customer service. Specialty stores have a narrow target group as they offer a limited assortment.

5 0

2 years ago

Planning: Assessing Audience Needs [LO-2] For each communication task that follows, write brief answers to three questions: Who

Mice21 [21]

Answer:

a. Audience’s: Appliance producer

Audience’s general mentality towards subject: The apparatus maker must treat this on need, as lawful results are related with it

Audience’s has to know: The objective that has occurred in the installment procedure and the purpose for the postponement

b. Audience’s: Smartphone shoppers and devotees

Audience’s general mentality towards subject: The customers will pay attention to the promotion on the off chance that they have a prerequisite for a cell phone. The general fans will be worried about the one of a kind highlights of the contribution

Audience’s has to know: The highlights offered and the cost at which the item will be accessible

c. Audience’s: Top administration

Audience’s general disposition towards subject: The top administration must be interested to comprehend the target behind the proposition of combining 4 deals locales into 2

Audience’s has to know: The target of the proposition and the advantages that the organization may procure from it

d. Audience’s: Citizens in the area

Audience’s general demeanor towards subject: The individuals needing such administrations will be energized with the decreased rates. The individuals not having any such prerequisite, won't give it much thought

Audience’s has to know: The rate in decrease of cost just as the rundown of administrations offered in that cost

e. Audience’s: Hiring supervisor of organization

Audience’s general mentality towards subject: The enlisting supervisor will show intrigue on the off chance that he has an opportunity for comparable profile

Audience’s has to know: The ranges of abilities and skills of the candidate and the properties, which makes him not the same as the others

f. Audience’: Accounting directors

Audience’s general demeanor towards subject: The bookkeeping supervisors will esteem the correspondence, as it is very basic for their work

Audience’ has to know: The administrations offered by the counseling firm and the value charged by them

8 0

2 years ago

Suppose that a manager is interested in estimating the average amount of money customers spend in her store. After sampling 36 t

densk [106]

Answer:

The store manager is 95% confident that the average amount spent by all customers is between $ 31.84 and $ 38.66.

Explanation:

In statistics, a confidence interval is the probability that the parameter of a population lies between two set of values when a random sample of the population is drawn for a specific percentage of times. This means that the confidence interval is formed about the whole population not the sample from which it is calculated.

The probabilities of a confidence interval can take any number, but 95% and 99% confidence level that are usually used.

It should be noted that, for example, 95% confidence level implies that there is a 95% chance that the true mean of the population lies within the calculated confidence interval.

Therefore, the statement which gives a valid interpretation of the interval in the question is the first one which states that "the store manager is 95% confident that the average amount spent by all customers is between $ 31.84 and $ 38.66."

I wish you the best.

4 0

2 years ago