An accountant passed the closing entries of the expenses and then closed all the expense accounts by crediting them. Which account should she debit to complete the dual aspect of the journal entry?
A.
income account
B.
income summary account
C.
revenue account
D.
purchase account
E.
equity account

Answers

Answer 1

Answer: Income Account

Explanation:

Also referred and Income Statement.

Answer 2

Answer:

Income summary account

Explanation:


Related Questions

Betty's employees' performance is the lowest of the company. Most of Betty's employees have
been with the company less than 2 years. Those that have been with the company for more
than 2 years are visibly unhappy at the company. These results are drastically different than
most of the other teams in the company.

Do you think Betty is a good manager? List facts that support your decision

Answers

Answer: Define job performance, organizational citizenship, absenteeism, and turnover.

Explain factors associated with each type of work behavior.

One of the important objectives of the field of organizational behavior is to understand why people behave the way they do. Which behaviors are we referring to here? We will focus on four key work behaviors: job performance, organizational citizenship behaviors, absenteeism, and turnover. Note that the first two behaviors are desirable ones, whereas the other two are often regarded as undesirable. While these four are not the only behaviors organizational behavior is concerned about, if you understand what we mean by these behaviors and the major influences over each type of behavior, you will gain more clarity about analyzing the behaviors of others in the workplace.

Explanation:

If you earn 7.5% interest in one year on your $ 3000 investment and pay 20%
interest in one year on a credit card balance of $ 1500, how much money did you
make (or lose)?
A. -$275.
B. -$75.
C. +$75.
D. +$275.

Answers

Answer:

B. -$75

Explanation:

The __________ is the set of guidelines issued by the EEOC and other agencies to identify how an organization should establish a recruitment process that is free and fair. Multiple Choice Code of Federal Regulations Equal Opportunity Legislation and Policy Uniform Guidelines on Employee Selection Procedures Uniform Commercial Code Equal Employment Opportunity Commission's Employer Information Report

Answers

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what did the memo entitled , "fatalities associated with crash induced fuel leakage and fires" analyze?

Answers

Answer:

The cost-benefit analysis of producing the Pinto as is or changing its design/components.

Explanation:

In a bid to match the cost effective nature of Japanese cars, Ford decided to produce the Pinto and promised to do so within a certain timeline. This shorter timeline made designing the Pinto harder and led to it having a flaw that made it a fire hazard if it was hit from behind.

Ford could have modified the design or produced it as it was. In order to make this decision, they relied on cost-benefit analysis to tell them the cost of paying for settlements resulting from Pinto crashes vs the cost of improving the car. The memo that showed this was "Fatalities Associated with Crash Induced Fuel Leakage and Fires".

what is the primary cause of failure for strategic initiatives?

Answers

Strategic initiatives are the ways through which a company translates its goals, objectives and visions into practice.

Raising of brand awareness, Launch of customer-facing retail outlets, Establishment of online channel for sales of products are examples of Strategic initiatives in a company.

The major reason for failure of strategic initiatives is the inability of decision-makers in a company to understand the relevance and how to measure progress.

Therefore, the primary cause of failure for strategic initiatives is ignorance about monitoring of progress.

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Answer:

Improper execution

Explanation:

Prompt
What is debt?

Answers

Answer:

debt is when you spent more money than you had

Is when u owe on something cause u did not have enough money to cover the original cost

in markets, prices move toward equilibrium because of

Answers

Answer:

"The market price moves toward equilibrium because of the actions of the buyers and sellers in the market. Suppose there is a surplus in the market which means that supply is more than the demand. ... Similarly, when there is a shortage and price increase and a new equilibrium is achieved."

Explanation:

what is one primary difference between determining cost of goods sold with a periodic system rather than a perpetual system?

Answers

Answer: With a periodic system, cost of goods sold is calculated only once at the end of the period. In contrast, with a perpetual system, cost of goods sold is recorded each time a sale is made.

Explanation:

1. how many members participate in h&m’s loyalty program worldwide?

Answers

Answer:

H&M now has over 100 million members.

Explanation:

hope it can help

a company that allows you to license software monthly to use online is called

Answers

Answer:

marketable service product

Explanation:

A company that allows you to license software monthly to use online is an example of. ... A company that allows you to license monthly to use online is an example of what these companies consider to be a “marketable service” product.

does doja cat deserve her fame? what do you think?

Answers

yes she’s a talented queen
yeah shes good and i feel like she’s very creative

when ramiro inspires his employees to do their best to help the organization meet its goals, he is:

Answers

He is Inspirational

When ramiro inspires his employees to do their best to help the organization meet its goals, he is leading.

Who is a leader?

This is a person that has the qualities and the capacity to drive a group in the right direction.

A leader has to be someone that is inspirational. As a leader, Ramiro should be able to help the organization to attain their goals.

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Stanley is 21 years of age, single, living at home with Mom, Dad, and his younger sister, but he is not claimed by his parents. Stanley worked at Hot Dog Heaven and earned $9,325 in 2018 and filed a federal1040 tax return. He plans to attend college full-time. What documents does he need to complete his FAFSA application?

Answers

The document that he needs to complete his FAFSA application is D. None of the above.

FASFA Application is an acronym for The Free Application for Federal Student Aid. This is an application that is done that allows students to be considered for Federal student aid.

The documents that a student needs to complete his FAFSA application include one's security number, the Federal Income tax returns, and every other record of the money that the person has earned.

From the complete question, none of the above options are given, therefore, the correct option is None of the above.

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Your job pays you $1600per month all taxes combined reduce your pay by 25% your current expenses are $1200 per month you want to join a health club for $75 per month can you afford it

Answers

Answer:

1600 - 25% of 1600 = 1600 - 0.25*1600 = 1200

So after you take 25% of 1600 away from 1600, you're left with 1200

So you are *really* paid $1,200 a month (instead of $1,600 a month) after you take out all taxes.

 

Your expenses are $1,200, so you will have 1200 - 1200 = 0 dollars left over

So you CANNOT afford the health club or any additional expenses. This is assuming you don't rely on a credit card or other forms of loans.

Explanation:

8. One of Hope's coworkers quits, and during the next pay period Hope works 60 hours instead of 40 to help cover
the shifts. Which of Hope's deductions will definitely change as a result?
a. Her Federal tax
b. Her health
C. Her dental
d. Her retirement

Answers

Answer:

A

Explanation:

The aspect of Hope's deductions that will definitely change as a result is Her Federal tax

Federal income taxes are simply known to be collected by the federal government to pay their bills

State taxes are often collected by individual state governments to pay their specific state bills.

Income tax are simply regarded as Taxes on income, both earned in salaries, wages, tips, commissions and also those unearned in form of interest and dividends.

Conclusively, Income taxes can be levied on both individuals and businesses.

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Using the amount of his current paycheck, Miguel created a series of financial goals and strategies. Which type of financial risk might this cause for him in the future?
✅income risk
- interest rate risk
- personal risk
- inflation risk

Answers

The Inflation risk is the financial risk might affect Miguel in the future.

The financial risk are risk that pose the possibility of losing one's money on an investment or business venture.

Here, it is obvious Miguel financial goals and strategies may involve investment with his Current paycheck say $1,000,000.

If he invest in a Money market now which pays 10%, Inflation will cause the purchasing power of the amount e invested to reduce in the future.

Thus, the Inflation risk, also called purchasing power risk is the financial risk that might affect Miguel financial goals and strategies.

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beginning inventory consists of 4 items at $10 each. during the month, the company purchased 3 items for $11 each and it sold 3 items. using first-in, first-out, the 3 goods sold are assumed to be ______.

Answers

Using the first-in, first-out inventory system, the cost of the 3 goods sold is assumed to be $30.

The first-in, first-out is an inventory system where the cost of good sold would be taken from inventories that were bought the earliest. The cost of ending inventory would be the inventories that were purchased last.

The cost of the 3 units of the goods bought would be the cost of the beginning inventory. The cost of the beginning inventory is $10.

The cost of goods sold = cost of beginning inventory x units sold.

$10 x 3 = $30

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What is an accountant
what do they do for a living

Answers

Answer:

An accountant is a professional who is responsible for keeping and interpreting financial records. Most accountants are responsible for a wide range of finance-related tasks, either for individual clients or for larger businesses and organizations employing them

Explanation:

employees make greater use of their skills and enjoy more opportunities for professional development in a organization.

Answers

In a decentralized organisation, employee uses more of their skills and enjoy professional development as well.

Decentralized organization is a type of organizational structure where most decisions-making are made by mid or lower level managers.

Under a decentralized organizational structure, the senior management delegates majority of decision making to lower levels in the organization.

In conclusion, employees who works under a decentralized organisation viii make greater use of their skills. Development of professional career will be enjoyed because more freedom are given to them at the workplace.

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general mills has a variety of brands in its snacks category, including chex, nature valley, fiber one, and cascadian farm. this represents a

Answers

Answer:don't cheat in this class I will tell ur professor in Bemidji about u

Explanation:

what approach to strategic hrm deploys bundles of internally consistent hr practices to improve employee ability, motivation, and opportunities across the entire organization?

Answers

The "High performance work system" is the approach deployed by Human resources manager to improve employee ability, motivation, and opportunities.

Basically, the Human resources manager belongs to the department which is responsible for motivating and ensuring the well-being of employees so that productivity can be achieved at the workplace.

The High performance work system is the type of system that creates an environment which allows the employees to be greatly involved in activities which with greater responsibility.

The HRM deploys the HPWS because its allows the employees to feel and take more responsibility for improving the organization's products, services and processes.

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when would sunk costs be irrelevant for current decision making?

Answers

Sunk cost are always irrelevant when making current decisions.

Sunk cost is the cost that has already been incurred and cannot be recovered. Sunk cost should not be considered when making future economic decisions.

An example of sunk cost: A farmer buys a piece of land for $100,000. He plants on the land. Years later, the land becomes infertile. The farmer is considering selling the land. In this question, the cost of the land is sunk cost. The sunk cost is $100,000. The farmer should not consider this cost when determining if to sell the land or not.

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during her recent performance appraisal, veasna learned that her manager thinks she has a good attitude and emerging leadership potential. veasna’s manager seems to be using a _____ appraisal.

Answers

An appraisal is used to evaluate an employee's performance on the job. The performance appraisal type that was used when Veasna learned that her manager thinks she has a good attitude and emerging leadership potential is;

360-degree

360-degree performance appraisal is the type where employees who are subjected to performance appraisal are given feedback by the person who performed the appraisal.

We see this in the case of Veasna who received positive feedback from her manager. She can then feel encouraged and work harder.

Summarily, the 360-degree performance appraisal was used for Veasna.

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true or false? checks are documented individually on a deposit slip.

Answers

Answer:

i believe that it is true

Explanation:

zoe, a department manager at furniture square, is considering whether to use a group to develop a plan to incentivize employees to sell extended warranties and auxiliary services. zoe should consider having the group make this decision if:

Answers

Considering the situation above, Zoe should consider having the group make this decision if: "It will increase acceptance of the plan."

This is because the main goal of Zoe is to sell extended warranties and auxiliary services.

As a manager, Zoe could create the plan by himself and let the group come in later to execute it.

However, the main goal is to make a plan but to sell extended warranties and auxiliary services.

Hence, Zoe should consider having the group make this decision if "It will increase acceptance of the plan."

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for economics students: does anyone have an example of a demand and supply curve diagram for the labour force that is suitably labeled? thanksss :))

Answers

You can refer to the attachment!!

what are 4 most common financial institutions

Answers

Answer:

The most common types of financial institutions are commercial banks, investment banks, insurance companies, and brokerage firms.

Explanation:

What are the key factors to consider when selecting a payment app?

Answers

Answer:

With that in mind, there are numerous things to think about when selecting one for your needs.

Proper Credit Card Encryption. ...

Ability to Easily Handle Sales, Plus Process Returns. ...

A Report-Generating Feature. ...

Capability to Create Digital Receipts.

Explanation:

when the government redistributes income from the wealthy to the poor,

Answers

In a Robin Hood effect, income is redistributed so that economic inequality is reduced. For example, a government that collects higher taxes from the rich and lower or no taxes from the poor, and then uses that tax revenue to provide services for the poor, creates a Robin Hood effect.

You downloaded several of your favorite songs and used them in an ad to promote your product on social media sites. The ad was rejected because of the songs you chose. You are told that you violated Fair Use copyright.

Which three are factors used to evaluate Fair Use copyright? (Choose three)

Purpose of your use


Obtained from a subscription website


If it is for use by a teacher or student


Effect of your use on the potential market of the work copied


Copied form a work purchased by a friend


Amount of the work copied

Answers

Answer:purpose of your use

Effect of your use on the potential market of the work copied

Amount of the work copied

Explanation:

Fair use is a law that permits the party to use a copyrighted work without the copyrighter's owner's permission. It can be used for criticism, teaching, news reporting, or research.

The correct answers are:

purpose of your use Effect of your use on the potential market of the work copied Amount of the work copied

The fair use of copyrights can be explained as:

1. The purpose and the character of the user are considered as a violation of the Fair Use Copyright law.

2. The substantiality or the amount of portion used is also termed as the violation of the Fair Use Copyright.

3. The effect on the potential market of the copied work without agreement is considered a violation of copyright use.

Thus, the purpose, amount, and effect of the content used is considered a violation of fair use copyright.

To know more about CopyRight Fair Use, refer to the following link:

https://brainly.com/question/1268530

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