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iragen
1 month ago
13

The ledger of Mai Company includes the following accounts with normal balances: Common Stock, $9,000; Dividends, $800; Services

Revenue, $13,000; Wages Expense, $8,400; and Rent Expense, $1,600.
Prepare the necessary closing entries from the available information at December 31.
Business
1 answer:
stepan [3.5K]1 month ago
5 0
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
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The answer is A.) channel management 
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A software engineer believes that if she can complete her current project on time she will get her much awaited promotion to the
harina [3808]

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very high, given both expectancy and valence levels are elevated

moderately high, since high valence and instrumentality compensate for low expectancy

moderate, as high expectancy and valence levels counteract low instrumentality

low, since motivation requires high expectancy, instrumentality, and valence.

Answer:

low, since motivation hinges on high expectancy, instrumentality, and valence.

Explanation:

The expectancy theory of motivation posits that an individual will be driven to perform if they perceive their efforts will yield a positive reaction from their employer or result in satisfactory compensation. An employee who doubts their ability to meet the demands for a promotion will have a diminished level of motivation.

7 0
2 months ago
Lagle Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 4.85 Direct labor $ 3
marusya05 [3725]

Answer:

The variable cost per unit sold amounts to $11.50

Explanation:

The computation for the variable cost per unit sold is provided below:

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5 0
1 month ago
Carlos is risk-neutral and has an ancient farmhouse with great character for sale in Slaterville Springs. His reservation price
Free_Kalibri [3773]

Answer:

The question lacks completeness; the following addition would enhance it:

"If Realtors require a 5 percent commission on the sale price and every Realtor faces opportunity costs of $2,000 to negotiate a sale, will Carlos opt to hire a Realtor? If he does, how will the overall economic surplus change?"

The result is that the total economic surplus rose from $20,000 to $248,000.

Explanation:

It is essential to grasp the concepts of marginal cost, marginal benefit, and asymmetric information. Marginal cost refers to the additional cost incurred from utilizing one more unit of a resource, while marginal benefit signifies the advantage gained from that investment. Asymmetric information arises when one side in a transaction possesses more information than the other.

Carlos's reservation price stands at $130,000. He intends to sell for $140,000 to Whitney, whose reservation price is $150,000. Thus, Carlos enjoys a surplus of 140,000 - 130,000 = $10,000, and Whitney has a surplus of 150,000 - 140,000 = $10,000. Consequently, the total economic surplus amounts to $20,000.

Should Carlos enlist a realtor, who charges 5% if the property is sold for $300,000 to someone with a reservation price of $350,000, the surplus would be calculated as:

5% × 300,000 - 2000 = $13,000.

Here, the surplus equals 300,000 - 130,000 + 15,000 = $185,000.

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1 month ago
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