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3 years ago

8

If there is a net loss there will be a ___________ balance in the Income Summary account after all closing entries have been pos

ted.
a. Debit
b. zero
c. Credit
d. not determinable

1 answer:

MakcuM [25]3 years ago

7 0

Explanation:

zero isthe right answer but i'm not 100%sure

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A stadium estimates its administrative costs for three sponsorships to be $12,000, $27,000, and $63,000. Revenue from the sponso

densk [106]

you'll have 59.2% profit margin (148,000)

can i get brainlist

8 0

3 years ago

Under the Fair Labor Standards Act (FLSA), the overtime pay for workers is a rate that is lower than the minimum wage. decided b

bezimeni [28]

Answer:

a rate not less than one and one-half times the employee's regular rate of pay.

Explanation:

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

The Fair Labor Standards Act is a labor law of the United States of America that was authored by Ellen C. Kearns. This labor law is applicable to all employees working in the private sector, local, state and federal government agencies or civil service. It was first published in 1938 and has since then be amended on several occasions.

All of the following were addressed by the Fair Labor Standards Act (FLSA):

I. Minimum wage.

II. Restrictions on child labor.

III. Overtime pay.

An overtime pay can be defined as an amount of money that is earned by an employee for working extra hours above the normal work period or working hours.

Under the Fair Labor Standards Act (FLSA), the overtime pay for workers is a rate that shouldn't be less than one and one-half times the regular rate of pay being received by an employee.

4 0

4 years ago

Telegraphic Solution's completed worksheet at November 30, 2018 is as follows:

vivado [14]

Answer:

a. Complete the income statement for the month ended November 30, 2018.

Telegraphic Solution's

Income Statement

For the month ended November 30, 2018

Service Revenue $9,600

Expenses:

Salaries Expense $2,750
Rent Expense 700
Depreciation Expense-Equipment $350
Supplies Expense 550
Utilities Expense $700 ($5,050)

Net Income $4,550

b. Complete the statement of owner's equity for the month ended November 30, 2018. Assume there were no contributions made by the owner during the month.

Telegraphic Solution's

Statement of Owner's Equity

For the month ended November 30, 2018

Pryor, capital, November 1, 2018 $32,900

Investments during the month $0

<u>Net income $4,550</u>

Subtotal $37,450

<u>Withdrawals during the month ($2,900)</u>

Pryor, capital, November 30, 2018 $34,550

c. Complete the classified balance sheet as of November 30, 2018

Assets:

Current assets

Cash $4,400

Accounts receivable $3,900

Prepaid rent $1,100

Office supplies $2,550

Total current assets $11,950

Non-current assets

Equipment net $28,350

Total non-current assets $28,350

Total assets: $40,300

Liabilities and equity:

Liabilities:

Current liabilities

Accounts payable $5,100

Salaries payable $650

Total current liabilities $5,750

Equity:

Pryor, capital $34,550

Total liabilities and equity: $40,300

4 0

3 years ago

The jackson family is undecided about whether or nara buy a new car of the

ICE Princess25 [194]

The question is incomplete. The complete question is :

The Jackson family is undecided about whether or not to buy a new car. If the probability is .9 that they will buy one, and if the probability is .3 that they will buy a Ford, and if the probability is .4 that they will purchase a car getting more than 20 miles per gallon, what is the probability that they will buy either a car getting more than 20 miles per gallon or a Ford, if all Fords get more than 20 miles per gallon?

Solution :

Given that :

The probability of buying a new car, $P(NC) = 0.9$

Probability of buying Ford = 0.3

That is, if Jackson family buy a car that is a ford car, $P(F) = 0.9 \times 0.3$

= 0.27

The probability for getting more than 20 miles per gallon = 0.4

That is if Jackson family buy a car that have more than 20 miles per gallon mileage, $P(20) = 0. 9 \times0.4=0.36$

The conditions

All of the car have more than 20 miles per gallon mileage.

It means that buying a ford car is subset of getting more than 20 miles per gallon.

$P(20 \text{ miles per gallon}\ \cap \ \text{Ford})=P(F)$

Therefore, the probability of buying a car either getting more than 20 miles per gallon or ford = $P(20 \text{ miles per gallon}\ \cup \ \text{Ford})$

Therefore,

$P(20 \text{ miles per gallon}\ \cup \ \text{Ford})=P(20) + P(F) - P(20 \text{ miles per gallon }\cap \ \text{Ford})$

$P(20 \text{ miles per gallon}\ \cup \ \text{Ford})=P(20) + P(F) - P(F)$

$P(20 \text{ miles per gallon}\ \cup \ \text{Ford})=P(20)$

= 0.36

Thus the probability that Jackson family is buying a car either getting more than 20 miles per gallon or ford is 0.36

3 0

3 years ago

cba corp is worth 15 million as a standalone firm. abc corp has offered 350000 shares valued at 50 each to acquire cba. after th

Stels [109]

Answer:

$.75 million

Explanation:

Calculation for what is the cost of the merger

Cost of merger= $350,000 ×$45 - ($15 million)

Cost of merger= $15.75 - $15 million

Cost of merger= $.75 million

Therefore the cost of the merger will be $.75 million

8 0

3 years ago