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3 years ago

Revenues, Expenses, and Cost of Goods Sold are closed to which of the following accounts:_________

Business

1 answer:

iren2701 [21]3 years ago

6 0

Answer: A) Income Summary

Explanation:

The Income Summary account is used to compile temporary accounts before posting them to capital accounts. Revenues, Expenses and Cost of Goods are temporary accounts which will be compiled in the Income summary account.

The Income summary account has a debit and a credit side with income going on the credit side and expenses going on the debit side. If the credit side is higher than the debit side then profits have been made. The reverse is true.

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In the Reaching Beyond our Borders box titled, "Ethical Culture Clash", the story proves that a large multi-national company suc

kap26 [50]

Answer:

False

Explanation:

Ethical standards are are set of guiding principles that an organisation communicates to its employees as the expected way to do things.

In reaching beyond our borders it is not true that ethical standards of of its employees must be the same as for workers in the United States.

For example an employee living abroad does not spend his whole housing allowance on getting a place to stay as expected in the United States, but puts it to use on other endeavours.

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3 years ago

In the case of distributive bargaining, the ________ point indicates what a person would like to achieve out of a negotiation.

sp2606 [1]

In the case of distributive bargaining, the target point indicates what a person would like to achieve out of a negotiation.

<h3>What is collective bargaining?</h3>

This is when an agreement is reached between employer and employees in an organization on issues that requires urgent attention.

Collective bargaining involves employees working together in an organization coming together to agree about some important matters.

Learn more about collective bargaining here: brainly.com/question/11819753

#SPJ1

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2 years ago

Klassen Toy Company, Inc., assembles two parts: Part 1 is first processed at workstation A for 15 minutes per unit and then proc

Sever21 [200]

Answer:

a) Process A is the bottleneck of the process

b) Hourly capacity = 60 / bottlenecktime = 60/25 = 2.4 units / hour

Explanation:

Part 1 is processed at A for 15 minutes and then at B for 10 minutes.

Thus part 1 take 15 + 10 i.e. 25 minutes two complete both processes

Part 2 is processed at C for 20 minutes.

Output from B and C i.e. part 1 and 2 respectively are fed to process D where the time taken to assemble is 15 minutes

Thus looking at the given data,

Part 1 takes longer time i.e. 25 minutes to reach process C compared to part 2 i.e. 20 minutes

So bottleneck occurs at process A and B because it takes maximum time i.e. 25 minutes

a) Process A is the bottleneck of the process

b) Hourly capacity = 60 / bottlenecktime = 60/25 = 2.4 units / hour

4 0

3 years ago

What happens when the federal reserve decreases the money supply?

Shtirlitz [24]

The currency would deflate, though this never happens

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3 years ago

A tenant occupying 20,000 square feet in your building has two years remaining on their lease. You have a good relationship with

user100 [1]

Answer: $315000

Explanation:

From the information given in the question, the gross rental income that one will expect to receive for this space in the year after the lease expires goes thus:

= [(75% x 15) + (25% x 18)] x 20,000

= [(0.75 × 15) + (0.25 × 18)] × 20000

= (11.25 + 4.5) × 20000

= 15.75 × 20000

= 315,000

Therefore, the gross rental income is $315000

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3 years ago