Answer:
A. Debit Income Summary $41,300; credit Expense accounts $41,300
Explanation:
At the end of the period, the revenue and expenses for the company are closed into the income summary account which in turn is closed into the retained earnings account.
For revenue, the entries are debit revenue and credit income summary with the revenue for the year. For expenses, credit expenses and debit income summary with the total expense for the year.
As such, given that Total revenues for the period are $58,200, total expenses are $41,300, and dividends are $10,200, the correct closing entry for the expense accounts is
Debit Income Summary $41,300
Credit Expense accounts $41,300
Answer:
The correct answer is A) The higher the annual income, the more people get a sense of identity from their job.
Explanation:
Employees do not perceive their duties in the same way when they do so for a lower salary than they aspire to. This situation also affects motivation because they find as if they were giving away their time in exchange for a salary below normal.
The occupation that is most likely to have highest rate of decrease over the next few years is the office clerks.
<h3>What is the Information Unit?</h3>
In this context, the unit of information assesses the jobs that are not likely to be in need for more workers and will have highest rate of decrease in next few years,.
Hence, the occupation that is most likely to have highest rate of decrease over the next few years is the office clerks.
Therefore, the Option C is correct
Read more about occupation
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Answer:
These are the answer choices for the question:
Students do not have good nutritional information.
Soda purchases represent a large fraction of students' budgets.
There are few other places to purchase soda on campus.
The price elasticity of demand for soda is equal to 1.
And this is the correct answer choice:
There are few other places to purchase soda on campus.
Explanation:
If vending machines raise the price of soda by two, by the still sell almost the same amount, this means that they have a monopoly over the selling of soda in campus, and that students continue to buy there because they do not have any other feasible alternatives.
This is the problem with monopolies: they can charge very high prices and still make a profit because they will always have demand, but this very act makes consumers worse off, and reduces general social welfare.
