Answer:
See explanation section
Explanation:
When we need to close accounts, we close the income and expenses accounts. The reason to close those accounts is that those are temporary accounts. Drawings and dividends are also temporary as those accounts have to be settled through capital and retained earnings balance. Therefore,
We will close the entries to income summary are -
D. Depreciation Expense
E. Fees Earned
J. Supplies Expense
L. Wages expense.
The entry to close against a capital account is Drawings. Therefore, Jackie Lindsay, Drawing should be closed.
Answer:
A) This is an example of a fixed cost because the cost doesn't vary with the number of trains.
Explanation:
A fixed cost is a cost that does not vary as the total output varies. In this case, the number of trains using the tracks would be the total output, and the tracks need to bee cleaned regardless of how many trains will use them. Since the costs do not vary depending on the number of trains that will use the tracks, it is considered a fixed cost.
Answer:
The correct answer is letter "D": other things remaining the same; higher; lower..
Explanation:
According to the demand law, <em>ceteris paribus</em>, as long as the price of a good or service decreases the quantity demanded increases. If the price increases, the quantity demanded for that good or service decreases. The relationship between quantity demanded and the price is inversely proportional.
Answer:
decreases as the investor increases the number of stocks in her portfolio.
Explanation:
In Business, a portfolio can be defined as a wide range of financial investments such as bonds, stocks, cash, commodity, real estate, cash equivalent, art etc that are being held by an individual or organization.
The risk associated with a portfolio decreases as the investor increases the number of stocks in her portfolio.
This ultimately implies that, as the number of assets being held by an individual or organization increases, the risk associated with such a portfolio decreases. Generally, this is referred to as diversification.
Answer:
Disposable Income
Explanation:
dis·pos·a·ble in·come
/dəˈspōzəbəl ˈinˌkəm,dəˈspōzəbəl ˈiNGˌkəm/
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noun
income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes.
"the rents of tenants in work reached 21 percent of disposable income"
