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vekshin1
2 years ago
12

For the year ended December 31, a company has revenues of $332,000 and expenses of $203,500. The company paid $56,000 in dividen

ds during the year. The balance in the Retained earnings account before closing is $96,000. Which of the following entries would be used to close the dividends account?
A. Debit Income Summary $56,000 credit Retained earnings $56,000.
B. Debit Retained earnings $56.000; credit Dividends $56,000.
C. Debit Retained earnings 596,000: credit.
Business
1 answer:
Orlov [11]2 years ago
3 0
Oh my chocolate milkshake so many IT can color Pepsi turn around there’s a grand kick your out of a
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Which of these options for saving money offers the lost liquidity?
daser333 [38]

The option of saving money that offers the most liquidity is a piggy bank. (option C)

<h3>What is liquidity?</h3>

Liquidity can be described as the ease with which an asset can easily be converted to cash. Paper currency and coins is the most liquid assets. Real estate is illiquid because it takes a long time for a real estate asset (e.g a house) to be sold and proceeds converted to cash.

Liquid assets earn less returns when compared with assets that are less liquid. This is because illiquid assets earn an illiquidity premium. An illiquidity premium compensates holders for holding an illiquid asset.

Money in a piggy bank is already in cash or coins and there is no need to convert it to cash again. Also, money in a piggybank is more accessible than the other options.

To learn more about liquidity, please check: brainly.com/question/15691477

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8 0
1 year ago
Suppose that a chicken farm uses a nearby stream to dispose of the wastes released by its chickens. These wastes flow downstream
NeTakaya

Answer:

d. Charities

Explanation:

From the question, we are informed about the Supposed chicken farm which uses a nearby stream to dispose of the wastes released by its chickens. These wastes flow downstream into a lake that has become thick with algae and polluted due to the minerals in the waste matter. The local office of a nonprofit environmental organization successfully lobbies state regulators to stop the farm's pollution. In this case, the types of private solutions to the externality of pollution that has occurred is charity. Private solutions to externalities can varies from charities, business mergers as well as moral codes, all working at self interest of the relevant parties. according to Coase theorem, at low transaction cost two parties can reach efficient outcome after bargaining when externality are present. Charity can be regarded as generosity as well as helpfulness towards those that are less privilege or that are needy and cannot raise their voice.

7 0
2 years ago
On August 1, 1958, first-class postage for a 1-ounce envelope was 4 cents. On August 1, 2007, a first-class stamp for the same e
Andrej [43]

Answer:

4.86%

Explanation:

Given that,

First-class postage for a 1-ounce envelope = 4 cents

On August 1, 2007

A first-class stamp for the same envelope cost = 41 cents

Period, n = 49 years

F=P(1+i)^{n}

41=P(1+i)^{49}

\frac{41}{4}=(1+i)^{49}

10.25\ cents=(1+i)^{49}

1.0486=(1+i)

i = 1.0486 - 1

 = 0.0486 or 4.86%

Therefore, the interest rate is 4.86%.

3 0
2 years ago
Institutional advertising:_________a) tries to stimulate primary demand rather than selective demand. b) involves no media costs
alina1380 [7]

Answer:

c) tries to develop goodwill for a company or even an industry.

Explanation:

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3 years ago
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Hatshy [7]
The answer you are looking for is a planned economy

4 0
2 years ago
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