<span>Which person should decide upon the problem statement the team will be working toward? All group members. All group members should be working towards the problem statement, problems, and anything resulting a team project. The project is in a team format for a reason, so that everyone works together.
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True because if you don’t have those things you won’t have a stable finance situation and if something goes wrong you will be in a pickle.
Answer:
e) All temporary accounts are closed but permanent accounts are not closed.
Explanation:
At the time of the closing entries, the temporary accounts are closed instead of all other accounts. The temporary accounts include revenues account, expenses account, dividend paid account, ultimately income summary account
These accounts are closed so that the amount of these accounts should be carried forward to the next accounting period. The amount would always be zero, And in every accounting period, these accounts are closed.
I’ll say it’s A
But I think it’s C
It’s gonna be either A or C
Answer:
The answer is $7,900
Explanation:
Formula of Residual Income=Net Operating Income-(minimum required rate of return*average operating assets)
Residual income (RI)=$143,700-($970,000*14%)
RI=$7,900
Further we can alsocalculate
Return on investment (ROI)=$143,700/$970,000=14.81%
