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melisa1 [442]
3 years ago
14

Explain your understanding of the closing process by choosing the correct statements below. (Check all that apply.) Multiple sel

ect question. the closing process helps to determine a company's liquidity. the closing process resets the balances in temporary accounts to zero. the closing process helps to summarize a period's revenues and expenses. the closing process is a helpful step in preparing financial statements.
Business
1 answer:
elena55 [62]3 years ago
6 0

Answer:

Resets the balances to zero

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The management of an online retailer is mostly interested in implementing strategies and pushing policies that result in the uti
mart [117]

Answer:

The right option is (C)

Explanation:

The economic model of corporate social responsibility explains that a company should focus on providing their customers with the best product possible and they should manufacturing goods which public needs.  The only way to benefit society is to leave society alone and work to provide market profit products that society needs. The management of online retail store is establishing a complete opposite framework.

7 0
3 years ago
WoodCore Inc. produces an entire line of office furniture at its manufacturing facility in the United States and then ships its
dsp73

Answer:

The answer is exporting.

Explanation:

Businesses that sell their goods and services to customers in other countries are exporting them – they are producing them in one country and shipping them to another.

Similarly, in this question, WoodCore Inc produces an entire line of office furniture in its home country and selling it to the companies in Europe, this indicates that WoodCore Inc. is involved in <u>exporting</u>.

However, if WoodCore Inc used to buy its materials from European Countries to manufacture and sell the furniture in its home country US, then it would have been involved in <u>importing</u>.

6 0
4 years ago
Materials purchased on account during the month totaled $190,000. Materials requisitioned and placed in production totaled $165,
Tanzania [10]

Answer:

b. Materials 190,000 Accounts Payable 190,000

Explanation:

Materials may either be purchased on credit or by cash, When materials are purchased on credit, such materials are said to have been purchased on accounts.

The entries for cash purchases are ;

Debit Supplies/Inventory account

Credit Cash account

However, when the purchase is done on account, the credit entry goes to the accounts payable and not cash.

8 0
3 years ago
High levels of customer participation in a service imply that:
Dima020 [189]
The answer is <span>d. customers can jeopardize the service outcome.
</span>
The highest level of customer participation happens when there is a need for an active involvement on the part of the consumer which can be fruitful if followed. On the other hand, it can affect the whole program of the expected output when the consumer di not follow. Also, based on the given source this happens in counseling, training, and maintenance. 

The given source differentiated the levels of consumer participation.

Source: http://www.bu.ac.th/knowledgecenter/epaper/jan_june2009/pdf/Somyot.pdf

3 0
4 years ago
Choose a well-known company that you know of, and describe its direct and indirect competitors. Describe at least 2 direct compe
Bond [772]

The indirect competitors are whole foods and WAL-MART

Direct competitors sells the product or services that are same

the direct competitors are  Apple, Google, HP, IBM

hope it helps

5 0
3 years ago
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