Answer:
c. Credit to Dividends for $440.
Explanation:
The second closing entry is
Retained earnings $440
To Dividend $440
(being the dividend account is closed)
Here the retained earnings is debited as it decreased the stockholder equity and the dividend is credited as it is closed
Also the first closing entry represent the closing of revenues and expenses
Therefore the option c is correct
Answer:
Only 1 dock is required since its overall cost is lower than having two docks
Explanation:
Solution
Given that:
let us consider the data given for the warehouse:
the cost per day/driver truck = $300
Cost per day/Dock plus loading crew = $100
Arrival rate λ = 3 per day
Service rate μ = 5 per day
Now,
we compute the utilization of the ware house
Utilization =λ/μ
= 3/5
ρ = 0.6
Only 1 dock is required since its overall cost is lower than having two docks
3 no a non price factor is increasing in demand and causing the demand curve to shift right
Answer:
The correct answer is A
Explanation:
Short term restrictive financing policy is the policy which is entails the low ratio of the current assets to the sales. This policy is grounded on the liabilities which are short term in nature.
In order to maintain the low ratio of the current assets to the sales, one needs to purchase or bought the inventory
