True.
This is because managers are responsible for the overall performance of a branch and its personnel. Managers have people under their supervision and any problem that may arise in the course of a business day, they have to deal and solve in as little amount of time as possible.
I believe the answer is: inductive reasoning
In inductive reasoning, the premises would be viewed as some sort of supply of evidence for the general conclusion. In the example above,
"all professional athletes earn a lot of money" is the premise that is used as some sort of evidence for " wes makes a lot of money", which is the speaker's conclusion.
Answer:
a. Computation of net income
Particulars Amount
Service revenue $52,500
Less: Expenses
Salaries and wages expenses ($23,520)
Utilities expense ($2,600)
Rent expense ($8,740)
Advertising expense <u> ($1,510)</u>
Net Income <u>$16,130</u>
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b. Computation of comprehensive income statement
Particulars Amount
Net Income $16,130
Add: Other Comprehensive Income <u> $380 </u>
Comprehensive Income <u>$16,470</u>
Note: Dividend will not be included as it forms part of Income statement
C. selecting one texture only for use throughout the room.
Generally, the most effective way to use texture when decorating a room is by <span>electing one texture only for use throughout the room. This allows having a coherence in the room, pleasing the eyes and in general having a nice esthetic view of the room.</span>
Answer:
income summary 14,000 debit
Retained Earnings 14,000 credit
Explanation:
The last step in the closing prosess it to transfer the income summary account balance into retained earnings.
Income Sumary will be used to close the temporary accounts which are, dividends, revenues and expenses:
Income Sumary
<u>Debit Credit</u>
to close revenues 75,000
to close expenses 42,000
to close dividends 19,000
totals: <u>61,000 75,000</u>
Balance: 14,000
this is the amount to transfer into retained earnings.
