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agasfer [191]
3 years ago
10

Big-Mouth Frog Corporation had revenues of $200,000, expenses of $120,000, and dividends of $30,000. When Income Summary is clos

ed to Retained Earnings, the amount of the debit or credit to Retained Earnings is a Group of answer choices debit of $50,000. debit of $80,000. credit of $50,000. credit of $80,000.
Business
1 answer:
Aleksandr-060686 [28]3 years ago
6 0

Answer:

Credit of $80,000

Explanation:

Big-Mouth Frog Corporation Calculation for Retained earnings

Using this formula

Retained earnings =Revenue- Expenses

Where,

Revenue =$200,000

Expenses =$180,000

Let plug in the formula

Retained earnings =$200,000-$180,000

Retained earnings =$80,000

Therefore when the Income Summary is closed to Retained Earnings, the amount of the credit to Retained Earnings will be $80,000

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A 10-year 4 3/4% Treasury Note is quoted at 95-11 - 95-15. The note pays interest on Jan 1st. and Jul. 1st. A customer buys 10M
Zanzabum

Answer:

The customer will pay, disregarding commissions and accrued interest $9,546.88 .

Explanation:

According to the given data we have that A customer buys 10M of the notes "10 M" means that the customer is buying $10,000 par value of the notes-

The Treasury Note is quoted at 95-11 - 95-15

In this case A customer will buy at ask price, which is 95 and 15/32 nds = 95.46875%

Therefore, 95.46875% of $10,000 par = $9,546.88

The customer will pay, disregarding commissions and accrued interest $9,546.88 .

7 0
4 years ago
Tactical decisions are concerned with a. the domain of operations managers, who are close to the customer. b. the day-to-day act
deff fn [24]

Answer:

How the organization should achieve the goals and objectives set by its strategy.

Explanation:

Tactical Decision: Short term decision making, it is done to support the strategy of the company.

There are controllable elements in the strategy like production such as, company sets a strategy of producing more goods than other firms. Then through <em>Tactical Decision Making </em>this goal would be achieved.

4 0
4 years ago
Read 2 more answers
Is 0.73 greater than 0.75
alex41 [277]
No 0.75 is greater because it ends in a 5 when 0.73 ends in a 3. 5>3
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3 years ago
What is the average variable cost of producing 200 units per month?
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