Answer:
B. Debit Income summary Debit $ 23,000
Retained Earnings Credit $ 23,000
Explanation:
The closing entries are recorded to close the current year's income statement to the retained earnings account,
According to the data in the question, the revenue is closed to the credit of the income Summary of $ 68,000 and the expenses are closed to the debit of the Income Summary of $ 45,000. This leaves a credit balance of $ 23,000 in the income summary account which is closed by debiting the income summary account and crediting the retained earnings account.
Since the revenue exceeded the expenses, the result ia a profir which should increase the retained earnings account, which would be the case by a credit to the retained earnings account.
Answer:
B. Hybrid manufacturing process
Explanation:
A group of processes that seeks to combine the characteristics and advantages of more than one of the classic processes is known as a <u>Hybrid manufacturing process</u>. In a hybrid manufacturing process, two types of processes are being combined in a single machine. The combined process consists of the features of the both of the processes being performed simultaneously.
Answer:
Explanation:
These departments are as follow:-
1) Admin
2) Administrative
3) HOD (Head Of Departments)
Answer:
The correct answer is Middle.
Explanation:
Traditionally, the middle class is considered as the largest representative of the population in developed countries, although it is also a reality that the limits of this class are not very strong, since it can range from professionals and administrators of important level to employees in the area of services. So, as a consequence of this lack of internal union, it is often subdivided into upper middle class and lower middle class.
Answer:
When interest rate changes, it will cause a movement along the investment demand curve.
Explanation:
This is because the relation between interest rate and investment is similar to that between product and price (interest rate is price to purchase investment). The quantity of investment demanded is negatively related to the value of interest rate in the market. When the interest rate increases (price increases), the demanded quantity of investment decreases as they have to pay more for investment.
