Answer: $85,000
Explanation:
Drawings are debited/deducted from the Equity account to reflect that the owner's holdings in the business has reduced.
Profit is added to the Equity account in the form of Retained Earnings.
The closing Balance on Equity is;
Closing Balance = Opening Balance + Profit - Drawings
Profit = Closing Balance - Opening Balance + Drawings
Profit = 175,000 - 120,000 + 30,000
Profit = $85,000
<span>Answer: Professor Marvel , the fortune teller.
Explanation: Dorothy wants to leave the farm to a far off place. She meets the fortune teller Professor Marvel down the road. The new location was not that far way which is the secondary key area as compared to the farm which is the tonic key.</span>
Answer:
is smaller than 1.1.
Explanation:
Some business sales can get influenced heavily by season, like how swimsuit sell in summer but not in winter. This influence is called a seasonal factor. The sales of the product have to be adjusted to seasonal factor to show a result that more accurately represent the sales. There are 12 months and the sum of the adjusted factor is 12.18, so the adjusted ted factor for every month will be: 12.18/12 = 1.015.
The adjusted seasonal factor for April will be: 1.1/1.015= 1.0837
The result is smaller than 1.1
Answer:
The step which is followed first is shown below:
Explanation:
The key or vital positioning of the brand or product effectively is to discover the perceptions of the customers. While determining the positioning in the companies as well as customers, it involve four steps, from which the first and foremost step which is to be taken is as:
Identify or Acknowledge the vital attributes for the class of the brand or the product.
This is the very first step while positioning the product or brand is to recogize the attributes necessary for the product class.