The Klingon Corporation has net fixed assets with a book value of $700 and an appraised market value of about $1,000. Net workin

The purpose of the closing entries is to transfer account balances to the permanent records, moving all income statement balances into retained earnings. Common stock - $9000 Dividends - $800 Service revenue - $13,000 Wages Expenses - $8,400 Rent Expenses - $1,600 Closing Entries Particulars Dr Cr Income Summary $10,000 Wages Expenses $8,400 Rent Expenses $1,600 Service Revenue $13,000 Income Summary $13,000 Income Summary $3,000 (13000-10000) Retained Earnings $3,000 Retained Earnings $800 Dividends $800

Answer:

Total cost= $104,022.6

Explanation:

Given the following data:

The company anticipates $6000 in expenditure after 1 year, $9000 after 3 years, and $10,000 annually from year 6 through year 10.

The annual interest rate is set at 12%.

We will apply this formula:

FV= PV*(1+i)^n

FV= 6000*(1.12)^9= 16,638.47

FV= 9000*(1.12)^7= 19,896.13

Total= $36,534.6

For the last three amounts, we shall use the formula:

FV= {A*[(1+i)^n-1]}/i

A= annual payment

FV= {10000*[(1.12^3)-1]}/0.12= 67,488

The cumulative cost is 67,488 + 36,534.6= $104,022.6

Answer:

c.Internal environment

Explanation:

The internal environment encompasses the culture, members, events, and factors instrumental in influencing an organization’s decisions.

The founder leader's influence plays a significant role in shaping Organizational Culture.

Response:

=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)

Justification:

Below is the formula intended to be entered in cell C8:

=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)

This formula computes the bonus based on the provided data, utilizing the IF function. The formula begins with an equal sign, followed by IF and the application of all relevant terms.

Accounting software can assist with which two of the following tasks? B. tracking bills that need to be issued to customers and D. monitoring after-sales services owed to customers. Many businesses utilize accounting software to manage their outstanding bills and monitor the performance of their sales and services. This helps companies oversee all incoming and outgoing funds to ensure proper budgeting and allocation of resources.