The steps involved in closing the books are as follows:
Closing the Revenues
Closing the Expenses
Closing the net income
Closing the dividend and withdrawals
The most important output of the accounting cycle is the financial statement like balance sheet and Income statement. If the books were never closed, then the business would never be able to know the financial position for a particular accounting period.
The Nielsen company provides ratings for the TV industry. Ratings are calculated from following sources:
- Streaming within seven days of the broadcast date.
- Viewing on a delayed DVR within seven days of the original air date.
- Viewer Diaries Residences with TVs equipped with Nielsen Meters.
<h3>What is DVR?</h3>
- Analog video is transformed into digital format by a DVR.
- Networks are increasingly more interested in ratings over a time period than just the date and time the show aired because of the time-shifting nature of DVRs.
- DVR systems process data at the recorder.
- The majority of networks track ratings using Nielsen's Live Plus service.
- Live Plus examines who viewed particular programs on their DVRs across various time periods.
Learn more about DVR here:
brainly.com/question/2681596
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Answer:
a, Redistribute income from Victoria to Fredrick.
Explanation:
Marginal Utility is defined as the "change in the utility from an increase in the consumption of that good or service." According to my research on marginal utility, I can say that based on the information provided within the question we should Redistribute income from Victoria to Fredrick in order to maximize the combined total utility.
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Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
Direct material quantity variance= $992 unfavorable
Explanation:
Giving the following information:
Standard quantiy= 8kg
Standard cost= $0.8 per kilogram
Production= 870 unit
8,200 kilograms of the raw material was purchased for $6,888.
To calculate the material quantity variance, we need to use the following formula:
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Standard quantity= 870*8= 6,960kg
Direct material quantity variance= (6,960 - 8,200)*0.8
Direct material quantity variance= $992 unfavorable
