1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
JulsSmile [24]
3 years ago
9

Which of the following account groups are temporary accounts?

Business
2 answers:
victus00 [196]3 years ago
8 0

Answer: d. Rent Revenue, Fees Earned, Miscellaneous Expense

Explanation:

Temporary accounts are also referred to as nominal accounts and they are the accounts that are closed when the year ends and began afresh the following accounting period and they basically relates to fees, expenses and gains.

From the options above, the answer will be option D "Rent Revenue, Fees Earned, Miscellaneous Expense"

velikii [3]3 years ago
6 0

Answer:

Which of the following accounts is not affected by closing entries?

Select one:

A. Retained Earnings

B. Common Stock

C. Cash Dividends

D. Service Fees Earned

Explanation:

You might be interested in
A company had net income of $200,000 and paid dividends to common stockholders of $50,000 in 2022. The weighted average number o
likoan [24]

Answer:

25 percent.

Explanation:

Given that,

Net Income =$200,000

Paid dividends to common stockholders = $50,000

Weighted average number of shares outstanding in 2022 = 2,000 shares

Selling price of common stock = $80 per share

Dividend pay-out ratio:

= (Dividend paid to Common Stockholders ÷ Net Income) × 100

= ($50,000 ÷ $200,000) × 100

= 0.25 × 100

= 25%

Therefore, the company’s payout ratio for 2022 is 25 percent.

3 0
3 years ago
A $150,000 loan is to be amortized over 7 years, with annual end-of-year payments. Which of these statements is CORRECT? a. The
Schach [20]

Answer:

The proportion of each payment that represents interest versus repayment of principal would be higher if the interest rate were higher

Explanation:

Amount of interest component in a loan instalment will be higher as compared with principal amount in the initial period of repayment . As period lapses , interest amount reduces progressively and principal amount increases . When the tenure of loan is increased , proportion  of interest increases in an instalment .

3 0
3 years ago
In an open-market operation, the Fed buys $10 million of government bonds from individual investors. If the required reserve rat
Fittoniya [83]

Answer:

$100 million ; $10 million

Explanation:

Required reserve ratio (r) = 10%

Worth of bond = $10,000,000

The smallest increase can be thought of as being the $10million generated from open market operation and could be held by the bank as reserve.

To calculate the largest increase in deposit:

Money multiplier * deposit (worth of bond)

Money multiplier = (1 / reserve ratio)

Money multiplier = (1 / 0.1) = 10

Increase in deposit = 10 * $10,000,000 = $100,000,000 ( $100 million)

6 0
3 years ago
American Express has a long history of working for the good of the community. In 1885, it engaged its employees to help raise mo
exis [7]

Answer:

The answer is: E) Social responsibility goals

Explanation:

Corporate social responsibility (CSR) incorporates sustainable development into a company's business model. It should have positive impact on the general public, the environment  and the economy.

By helping restore, preserve and revitalize historical sites in NYC, American Express is creating a positive impact by:

  • helping the people that live in NYC (better buildings or infrastructure)
  • is injecting money into the city´s economy (hiring contractors, buying materials, etc)
  • natural resources (i.e. trees) found at those historical sites will also be taken care of

6 0
4 years ago
Elise Corporation has the following sales mix for its three products: A, 20%; B, 35%; and C, 45%. Fixed costs total $400,000 and
horsena [70]

Answer:

The numbers of product A must be sold to break-even are 800 units

Explanation:

The break-even point is calculated by using following formula:

Break-even point in units = Fixed expense/(Selling price per unit-Variable expense per unit)  = Fixed expense/weighted-average contribution margin per unit = $400,000/$100 = $4,000 units

Elise Corporation has the following sales mix for its three products: A, 20%; B, 35%; and C, 45%.

The numbers of product A must be sold to break-even = $4,000 x 20% = 800 units

6 0
4 years ago
Other questions:
  • Matthew Liotine‘s Dream Store sells beds and assorted supplies. His best-selling bed has an annual demand of 400 units.Ordering
    7·1 answer
  • What is an attorney’s secondary attempt to exclude a juror?
    6·2 answers
  • Ue or false: increasing the number of stocks in a portfolio reduces market risk.
    13·1 answer
  • The following data reflects the number of defects produced on a assembly line at the Deerfield electronics company for the past
    10·1 answer
  • Analytical procedures are audit methods of evaluating financial statement accounts by studying and comparing relationships among
    12·1 answer
  • . El Capitan Foods has a capital structure of 36% debt and 64% equity, its tax rate is 35%, and its beta (leveraged) is 1.4. Bas
    10·1 answer
  • On a CVP chart, on either side of the break-even point, the vertical distance between the total sales line and the total cost li
    10·1 answer
  • How do you poop it out
    6·2 answers
  • What is allowable self-employment plan contributions.
    7·1 answer
  • Target is seeking a new distribution system because A. competition from Amazon and Walmart is intense. B. it needs to speed up r
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!