1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
agasfer [191]
2 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]2 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

You might be interested in
A company could improve its acid-test ratio by selling some equipment it no longer needs for cash. a. True b. Flase
kari74 [83]

Answer:

true

Explanation:

acid test ratio can be calculate by ( Current assets – Inventory ) / Current liabilities. Ideally, the acid test ratio should be 1:1 or higher, however this varies widely by industry. In general, the higher the ratio, the greater the company's liquidity. by selling up equipment in exchange of cash, the will assist the company to be able to handle its current liability with the cash injection into the entity.

3 0
2 years ago
A. Avoid extra payroll expenses.
LUCKY_DIMON [66]

Answer:

<h2>A. Avoid extra payroll expenses.</h2>

Explanation:

i hope it helps :)

3 0
3 years ago
Find the amount of interest earned by a deposit of $2450 for 6.5 years at 5.25% compounded
Serggg [28]

Answer:

$3443.86

Explanation:

a=p(1+r/n)^nt

a=2450(1+.0525/12)^12*6.5

3443.86

4 0
3 years ago
According to most management researchers, the modern study of management originated in which century?
maks197457 [2]

Most management researchers believe that modern management studies originated in the <u>c. 18th century.</u>

<h3>Origins of modern management </h3>
  • Originated with the Industrial Revolution.
  • Originated as a means to make production more efficient.

The Industrial Revolution began in the 1700s or the 18th century and so we can conclude that modern management also started in the 18th century as well.

Find out more on<u> modern management</u> at brainly.com/question/4928239.

7 0
2 years ago
The marketing manager at Home Depot works with Hunt Advertising to coordinate all promotional messages for a product or a servic
nlexa [21]

Answer:

The answer is "Choice d"

Explanation:

The Advertising Mix is the integration of publicity, personal selling, advertising, and marketing. To maintain a sustainable mix of those promotional resources, advertisers need to look only at the following questions. It really is the company's promotional software. With the assistance of the marketing manager and a 3rd parties advertiser, they sell the offering.

7 0
2 years ago
Other questions:
  • Initiatives intended to improve an organization's positive impact on society and the natural environment are called:
    9·1 answer
  • The principal underwriter of an open-end investment company decides to offer a trip to south america to the registered represent
    10·1 answer
  • The chi-square goodness-of-fit test for multinomial probabilities with 5 categories has _____ degrees of freedom.
    7·1 answer
  • An industrial union is characterized by which one of the following?
    8·1 answer
  • An egoist who believed the right goals or actions are the ones that ensure survival
    5·1 answer
  • The production possibilities curves suggest that:A) West Mudville should specialize in, and export, baseball bats.B) workers wil
    6·1 answer
  • A year ago, Kim Altman purchased 200 shares of BLK, Inc. for $25.50 on margin. At that time the margin requirement was 40 percen
    8·1 answer
  • If a stock has a preemptive right, it gives current stockholders the right to purchase any new shares issued by the firm, so as
    9·1 answer
  • Given a fixed nominal interest rate on a loan, unanticipated deflation:
    9·1 answer
  • A flower shop makes a large sale for $1,000 on November 30. The customer is sent a statement on December 5 and a check is receiv
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!