Select the closing entry that RB Auto would make at the end of the accounting period to close their revenue accounts and income statement accounts with credit balances. Multiple Choice debit Sales and credit Income Summary for $15,000. debit Sales $15,000; debit Purchase Returns and Allowances $200 and credit Income Summary for $15,200. debit Sales for $15,000; debit R Holloway, Capital for $13,000 and credit Income Summary for $28,000. debit Income Summary for $15,000 and credit Sales for $15,000.

Answer:

debit Sales $15,000; debit Purchases Returns and Allowances $200 and credit Income Summary for $15,200

Explanation:

Based on the information given the CLOSING ENTRY that RB Auto would make at the end of the accounting period to close their revenue accounts and income statement accounts with credit balances are:

Debit Sales $15,000

Debit Purchases Returns and Allowances $200 Credit Income Summary for $15,200

($15,000+$200)

(To close revenue accounts and income statement accounts)

What is the difference between specialization and cross-training?


A. Specialization is for employees at the top management level of
the company while cross-training is for employees at the entry
level.


B. Specialization is for employees who love what they do while cross-
training is for employees who don't love any one particular area of
their work.

C. Specialization leads employees to focus on a single skill or task
while cross-training deals with training employees in multiple skills
or tasks.

D. Specialization is for employees who have an advanced degree
while cross-training is for those who do not have an advanced

The Federal Reserve Act of 1913 required all ________ banks to become members of the Federal Reserve System, while ________ banks could choose to become members of the system.a. state; nationalb. national; municipalc. national; stated. state; municipal

What do you mean by technical occupations ? write with examples​

List THREE common aptitudes, attitudes, and skills of personal care services workers.

Requiring managers to prepare the budgets from scratch or zero-base may help them to overcome the problem of:

While using a datasheet to track shoe orders, Gustav wants to see a picture of the shoes and read details about the shoes’ materials. Which steps should he follow?

Double-click on the record in the Customer ID field, then double-click on the customer dialog box.
Create a new field, select images of the shoes from the Internet, and embed images into OLE type.
Create a new shoe identification field by clicking on “Click to Add,” and type notes using “memo” type.
Double-click on the record in the Attachment field, then double-click on the attachment in the dialog box.

Smith and Sons Inc. has a target capital structure that calls for 40 percent debt, 10 percent preferred stock, and 50 percent common equity. The firm's current after-tax cost of debt is 6 percent, and it can sell as much debt as it wishes at this rate. The firm's cost of preferred stock is 11 percent and its cost of retained earnings is 14 percent. The firm expects to generate $15,000 in retained earnings this year. Compute the weighted average cost of capital (WACC) break point associated with issuing new common stock

Barbara and the bank signed a contract in which they agreed that the bank would loan $100,000.00 to Barbara to buy a car. She would then repay the loan by making monthly payments of $2,500.00 for 50 months. After 2 years of Barbara's making payments, she and the bank agreed that Barbara could sell her car to Dorothy who agreed to make all of the remaining payments which the bank accepted. This is an example of: A. A novation. B. An accord and satisfaction. C. A void contract. D. A voidable contract.

What is collateral?
A. a finance charge
B. a specific type of home loan
C. an asset or group of assets that are linked to a loan
D. a down payment

To complete a job application thoroughly, you should know the following information for each previous employer:
company's telephone number
O your supervisor's name
O company's full address
hire and termination dates

Which is an example of an accounting function for a business?
1.) Designing print advertisements
2.) Preparing a balance sheet
3.) Hiring employees
4.) Testing computer software

Most Solutions, Inc., issued 10% bonds, dated January 1, with a face amount of $480 million on January 1, 2021. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 12%. Interest expense is recorded at the effective interest rate. Interest is paid semiannually on June 30 and December 31. Most recorded the sale as follows: January 1, 2021 Cash (price) 424,942,080 Discount on bonds (difference) 55,057,920 Bonds payable (face amount) 480,000,000 Required: What would be the amount(s) related to the bonds that Most would report in its statement of cash flows for the year ended December

WILL MARK BRAINLIEST

Which professional code of conduct states that an accountant should act in a manner that will instill trust in the public?

A. integrity
B. objectivity and independence
C. responsibilities
D. public interest
E. due care

HELP PLEASE, THIS IS TIMED!!!!!!​

Hidden Valley Communications, Inc., located in a remote area of Utah, made a special device that was used in 4th generation cell phones. After three years of local operations, the company that employed 4,000 people was planning to close its Utah operation and move the assembly offshore. Under the direction of a financial services company that financed the deal, the employees agreed to become owners of the company and continue to operate the business. The business concept that describes this arrangement is:

PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!

ABC Lumber Company has stock with these probabilities of value after five years with an initial investment of $2,000: 55% probability of a $1,800 value, 20% probability of a $2,100 value, and 25% probability of a $2,700 value. What is the expected value of the investment after five years?

A. $2,085

B. $2,000

C. $1,950

D. $1,545

You are putting together a team for a special project at work. Your friend Jim and another co-worker John both want to be on the team, but you only have room for one more person. They both have the same skill and work ethic. Which of the following is a good decision? You choose Jim since you should always choose your friends above everything else. You choose John because you never want a friend on your team. You choose Jim since they are both similar employees and choosing your friend is OK. You flip a coin to decide. Flipping a coin is a good way to make business.

HELP ASAP WILL GIVE BRAINLIEST!!! A restaurants claims to have all-beef burgers, but in reality their burgers arent 100% beef. What type of law or regulation is this restaurant breaking?

"Analyse and discuss the strategic opportunities and constraints faced by the Board and Executive Management when planning the future direction of the organisation"

easy identity theft prevention, plz help :)


You are teaching a lesson on how to stay informed about your finances and protect yourself from identity theft. What is the BEST piece of advice you would give? A. Examine your financial accounts once a month for fraudulent activity. B. Avoid checking your credit report often because it will lower your credit score. C. Only have your Social Security number visible on personal documents such as checks. D. Use cash for all of your transactions so that no personal information is accessible to others.

Which management function is also a financial responsibility? A. planning B. organizing C. staffing D. coordinating E. controlling

Jean’s Vegetable Market had the following transactions during 2014: 1. Issued $50,000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $22,000. 3. Acquired land by issuing common stock of par value $50,000. 4. Declared and paid a cash dividend of $7,000. 5. Sold a long-term investment (cost $3,000) for cash of $6,000. 6. Acquired an investment in IBM stock for cash of $10,000. What is the net cash provided by financing activities? Group of answer choices $21,000 $67,000 $0 $28,000

Help
Select the correct answer.
A farmer uses one pound of fertilizer to grow crops on his land. He decides to increase the amount of fertilizer added to the soil to three pounds to obtain a greater yield. The size of the garden and the amounts of seeds, water, and sunlight remain the same. The farmer keeps increasing the amount of fertilizer (to four, five, and six pounds, etc.), and continues to gain higher yields. However, since the other factors of production remain constant, the increase in crop yield is lower than the increase in a single factor of production (fertilizer). What is the term for this phenomenon?
A.
economic order quantity (EOQ)
B.
law of diminishing returns
C.
economy of scale
D.
labor productivity
E.
production control

Is streaming Business in form 4 Diffult?. Justify your Answer.​

Triangle, Illuminati, Grapes THEY ARE all connected through the power of the eye +4 and no one knows jerry the pineapple is the robot who will kill them all to freedom

If the interest rate rises, what will happen to overall employment levels in sectors affected by those interest rates?
a.employment levels will increase
b.employment levels will not be affected
c.employment levels will decrease

An estimate of a person's ability to pay off debts based on his or her history
of borrowing and making payments on time is called what?
A. Collateral
B. Capacity
C. Character
D. Charisma

Which one of the following could not be called income?

Explain the connection of human needs and demands in the field of marketing.

Which sentence from the contract shown below refers to consideration?
Contract for renovation of house

The first party, Mr. Alfred Higgins, commissions the work of the second party, ‘PreSense Designs’.

The second party shall renovate the house of the first party as per the designs attached herewith.

The second party should commence the required renovation work not later than 16th October 2014. The work shall be finished within two months from the date of commencement.

The second party shall receive $1000 on completion of the work, as per design, from the first party.

The first party holds the right to decrease the amount payable, if the second party does not complete the work within two months from the date of commencement.

Signed

First party (Sign here)

Second party (Sign here)