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Stels [109]
2 years ago
12

Select the closing entry that RB Auto would make at the end of the accounting period to close their revenue accounts and income

statement accounts with credit balances. Multiple Choice debit Sales and credit Income Summary for $15,000. debit Sales $15,000; debit Purchase Returns and Allowances $200 and credit Income Summary for $15,200. debit Sales for $15,000; debit R Holloway, Capital for $13,000 and credit Income Summary for $28,000. debit Income Summary for $15,000 and credit Sales for $15,000.
Business
1 answer:
max2010maxim [7]2 years ago
6 0

Answer:

debit Sales $15,000; debit Purchases Returns and Allowances $200 and credit Income Summary for $15,200

Explanation:

Based on the information given the CLOSING ENTRY that RB Auto would make at the end of the accounting period to close their revenue accounts and income statement accounts with credit balances are:

Debit Sales $15,000

Debit Purchases Returns and Allowances $200 Credit Income Summary for $15,200

($15,000+$200)

(To close revenue accounts and income statement accounts)

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The semester project came back from the copy store and the project leader has just noticed that the left side y-axis of a key Pa
storchak [24]

Answer:

Yes it can be done from using cumulative percentage line on right y-axis

Explanation:

for smallest bar= lowest percentage on right y-axis × 200/100

for 2nd smallest bar= ( next consecutive percentage- smallest percentage) × 200/100

and so on

3 0
3 years ago
As part of a major plant renovation project, the industrial engineering department has been asked to balance a revised assembly
ioda

Answer:

A)Minimum = 0.2 minutes

Maximum = 4.6 minutes

Cycle time = = 2 minutes per unit

B) Number of Stations = 3

D) the percentage of idle time for the assignment in decimal = 0.43

Explanation:

A) Operating output = 240 units per 8hours.

Converting to per hour, we get; 240/8 = 30 units per hour.

Minimum cycle time = longest task time

Maximum cycle time = sum of task times

Minimum = 0.2 minutes

Maximum = 0.2 + 0.4 + 0.2 + 0.4 + 1.2 + 1.2 + 1.0 = 4.6 minutes

Now, operational time(OT) is 8 hours a day. Converting that to minutes, we have =60x8 = 480 minutes

Cycle time(CT) = OT (per day) /desired output

Therefore, calculated cycle time = 480/240

= 2 minutes per unit

B) Number of stations = Maximum time / CT

= 4.6/2 = 2.3 which is approximately 3 stations

C) The task diagram is drawn in image 1 attached. Therefore, we can assign tasks based in the greatest number of following tasks as follows;

Task Number of following tasks

a 4

b 3

c 2

d 2

e 1

f 1

g 0

D) for the idle time from the assigned tasks in "c" above, from the "image 2" attached; the percentage of the idle time will be=

Total remaining time of tasks without remaining feasibility tasks/ {(number of these tasks) x(CT)}

Which gives percentage of idle time = (0.8 + 0.8 + 0.8 + 1.0)/{(4)x(2)}

= 3.4/8 = 42.5%

Since we are to convert to decimal,

= 0.425 approximately 0.43

4 0
3 years ago
An economy is operating with output $300 billion below its natural rate, and fiscal policymakers want to close this recessionary
saw5 [17]

Answer and Explanation:

a. The computation is shown below;

As we know that

Y/G = 1 ÷ (1-MPC)

Here

Y = $300 billion,

MPC = 0.75

So,  

300 ÷ G = 1 ÷ 0.25

G = $75

So the government should rise the spending by $75 in order to close out the recessionary gap

So, the government should increase the spending by $30 to close the recessionary gap.

8 0
2 years ago
If I am convinced that my own neighborhood is safer than it used to be, but that the crime rate in my society is at an all-time
Vlada [557]

Answer:

A) Probability neglect

Explanation:

You probably have lived there so long that you neglect to see what the true crime is, and you honestly could care less if its at it all time high

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