Answer:
$64,400
Explanation:
The amount of in the income summary that would be closed to retained earnings is the fees earned of $187,000 less the depreciation expense of $12,000,wages expense of $71,400,interest expense of $3,300,insurance expense of $11,700 as well as the rent expense of $24,200 as computed thus:
net income from income summary=$187,000-$12,000-$71,400-$3,300-$11,700-$24,200=$64400
Retained earnings closing balance=$112,000-$32,000+$64400
=$ 144,400.00
Answer:
A) The cost of inventory sold in the current year.
Explanation:
Cost of Goods Sold: It refers to the cost both associated with the sold product, direct and indirect costs are both included.
At the end of the year COGS is subtracted from the sales in dollars, to identify if the products are in profit or loss.
Answer:
Explanation:
$50; $65
7h:10h
Elasticity of labor supply:
(10-7)/(65-50) * (50+65)/(7+10) = 3/15 * 115/17 =1.35
So elasticity of labor supply is 1.35, elastic
Answer:
C. Long-term
Explanation:
Goals can be classified by the time it takes to achieve them. Short term goals take less than one year to accomplish. Goals that take more than one year are long term goals.
The goal here will is the be achieved by next year. It is a long term goal because it will take beyond this year to achieve. Accomplishing this goal might take more than 12 months and will require achieving several short term goals.
