Two alternatives, code-named X and Y, are under consideration at Guyer Corporation. Costs associated with the alternatives are listed below. Alternative X Alternative Y Materials costs $ 41,000 $ 59,000 Processing costs $ 45,000 $ 45,000 Equipment rental $ 17,000 $ 17,000 Occupancy costs $ 16,000 $ 24,000 What is the financial advantage (disadvantage) of Alternative Y over Alternative X?
Multiple Choice
$132,000
$26,000
$145,000
$119,000

Answers

Answer 1

There is no one correct answer to the question asked, so it is necessary to provide all of the necessary information. Given the two choices, code-named X and Y, the costs are as follows:

                   Alternative X Alternative Y

Materials cost $ 41,000 $ 59,000

Processing costs $ 45,000 $ 45,000

Equipment rental $ 17,000 $ 17,000

Occupancy costs $ 16,000 and $ 24,000

The financial advantage (or disadvantage) of Alternative Y over Alternative X may be calculated by subtracting the costs of Alternative X from the costs of Alternative Y.

This provides total cost savings (or cost increase) associated with Alternative Y over Alternative X.

Y costs $145,000, whereas X costs $102,000 ($41,000 + $45,000 + $17,000 + $16,000).

As a result, subtracting X from Y yields: $145,000 - $102,000 = $43,000.

Therefore, the financial advantage of Alternative Y over Alternative X is $43,000. Answer: $43,000.

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Related Questions

free 27 points, come on up, and see if u can earn them- i act weird

Answers

Answer:

haha i am wierd too i feel u

Explanation:

Answer:

i shall win them and im wierd also.

Explanation:

what is the relationship between beginning cash balance and ending cash balance for the current year

Answers

Answer:

While the cash flow statement shows cash coming in and going out, the balance sheet shows the assets and liabilities that result, in part, from the activities on the cash flow statement.

Explanation:

Please give the brainliest.

Select the response that corrects the capitalization error in the sentence below. I live in Kentwood, louisiana. a. i b. kentwood c. Louisiana Please select the best answer from the choices provided A B C

Answers

answer: c hope it helps!

Answer:

a) I

Explanation:

The letter I continues to be capitalized because it is the only single letter pronoun. Because the pronouns I and me have different uses, it's easy to distinguish between the two in terms of capitalization rules.

Which investment is better stocks, bonds, or mutual funds and why?

Answers

\(\text{Hello There!}\)

\(\bold{Stocks}\) \(\text{is the act of putting money in a business and expecting to make a profit.}\)

\(\bold{Bonds}\) \(\text{are more of a safe to invest in, however, you cannot sell them for 12 months.}\)

\(\bold{Mutual\;Funds}\) \(\text{ is the act of investing in securities with other investors}\)

  Mutual Funds can be a good option if you're okay with the lack of investment decisions; however, people often lose money due to the risk of securities going down in value.

  \({\underline{\underline{{Stocks}}}\) are going to be your best option for short-term investments.

   \({\underline{\underline{{Bonds}}}\) are going to be your best option for long-term investments.

 \({\underline{\underline{{Mutual\;Funds}}}\) are going to be your best option for investing in bigger stocks.

\(\boxed{There\;isn't\;a\;"best"\;option;\;it\;depends\;on\;what\;you\;prefer.}\)

\(\rule{300}{1.0}\)

what are the disadvantage of credit card ​

Answers

Answer: you don’t see your own money.

Explanation:

Have to pay back high interest rates depending on what bank you’re with. Easy to spend money you don’t have!

Hockley Brewing has produced a new craft lager beer that will be branded Hockley Classic Lager. The market for craft beer is about $20 million retail per year and the average retail price across all craft beer producers is $2. 50. The following information applies to Hockley’s new craft lager beer.

Factory production costs $1. 05 / can (Variable Cost)
Beer ingredients $0. 35 / can (Variable Cost)
Packaging $0. 20 / can (Variable Cost)
Advertising and promotion $60,000 (Fixed Cost)
Channel listing fees $30,000 (Fixed Cost)
Hockley’s wholesale price to retailers $2. 40 / can (Variable Cost)
(Hockley’s) manufacturer’s suggested retail price $2. 55 / can (Variable Cost)


a. What is Hockley’s unit contribution (measured in $ per can) and contribution margin (measured in percentage)?

b. What is the break-even point in cans? in dollars?

c. What is the necessary sales volume in cans to achieve a $150,000 (target) profit?

d. What will Hockley’s net profit be if 100,000 cans of the new lager are sold?

e. What will Hockley’s market share of craft beer be if they sell 100,000 cans?

f. Their largest competitor is Mill Street Brewery whose Original Organic Lager has 2. 5% market share of the craft beer market. Given Hockley’s market share calculated in part (e), what will Hockley’s relative market share (RMS) be for their Classic Lager?

g. The craft beer market is growing at 10% annually, higher than any other type of beer. With the RMS for Hockley Classic Lager calculated in part

(f), at the end of their first year, where in Hockley’s portfolio will Classic Lager be positioned and what recommendation would follow?

h. Calculate the price elasticity of demand if they raise the MSRP from $2. 55 to $2. 75 and demand falls from 100,000 cans to 95,000 cans. Is demand for this product price elastic or inelastic?

Answers

Hockley's unit contribution is $0.50 per can with a contribution margin of 19.6%. The break-even point is 180,000 cans or $432,000, and a sales volume of 480,000 cans is needed to achieve a target profit of $150,000.

a. Hockley's unit contribution is $0.50 per can ($2.55 - $2.05), and the contribution margin is 19.6% (($0.50 / $2.55) x 100).

b. The break-even point in cans can be calculated by dividing the total fixed costs ($60,000 + $30,000) by the contribution per can ($0.50). The break-even point is 180,000 cans. In dollars, the break-even point is $432,000 (180,000 cans x $2.40).

c. To achieve a target profit of $150,000, we need to calculate the necessary sales volume in cans. The formula is (Total Fixed Costs + Target Profit) / Contribution per can. Using the given numbers, the necessary sales volume is 480,000 cans.

d. If 100,000 cans of the new lager are sold, the net profit can be calculated as (Unit contribution x Sales volume) - Total Fixed Costs. With the given numbers, the net profit would be $10,000.

e. If Hockley sells 100,000 cans, their market share of craft beer can be calculated as (Sales volume / Total market size) x 100%. With a $20 million market size, their market share would be 0.5%.

f. Hockley's relative market share (RMS) for their Classic Lager can be calculated by dividing their market share by Mill Street Brewery's market share and multiplying by 100. With Hockley's market share of 0.5% and Mill Street Brewery's market share of 2.5%, Hockley's RMS would be 20%.

g. With an RMS of 20% for their Classic Lager, Hockley would be positioned as a significant player in the craft beer market. The recommendation would be to continue investing in and promoting the Classic Lager to further increase its market share.

h. The price elasticity of demand can be calculated using the formula: Percentage change in quantity demanded / Percentage change in price. In this case, the percentage change in quantity demanded is ((100,000 - 95,000) / 100,000) x 100% = 5%, and the percentage change in price is (($2.75 - $2.55) / $2.55) x 100% = 7.8%. Therefore, the price elasticity of demand is 0.64 (5% / 7.8%). With a price elasticity of less than 1, demand for this product is price inelastic, meaning that a price increase led to a proportionally smaller decrease in quantity demanded.

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Business; an organization that uses resources to produce a product is known as a ?
O Private Company
O Shop
O Firm
O Enterprise

Answers

The answer would be a shop.

Answer:

Firm

Explanation:

Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character from Riverdale

Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character
Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character
Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character
Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character
Who watches Riverdale ? if you do can we be friends(pLEASE DON'T DELETE) and also who is your fav character

Answers

Answer:veronica

Explanation:

sure

Answer:

yes i love riverdale my fav character is cheryl or betty

Explanation:

pls can someone buy me the upgrade i beg youuu :(

Answers

what upgrade are you talking about

Answer:

no

Explanation:

jacquez is an employee at power co. his duties include preparing reports and analyzing company data. he also appraises financial performances and verifies the accuracy and validity of the company's internal records. in this scenario, what role does jacquez hold in the organization?

Answers

Jacquez's role in the organization is that of a financial analyst or accountant

Jacquez's role in the organization is that of a financial analyst or accountant. He is responsible for preparing reports, analyzing data, appraising financial performances, and verifying the accuracy and validity of the company's internal records. As a financial analyst, Jacquez plays a critical role in the financial management and decision making processes of the organization.

He helps the company to make informed decisions based on financial data and provides insights into the company's financial performance. Overall, Jacquez's role is essential to ensure the financial stability and success of the organization. This suggests that he is involved in the financial management and decision-making processes of the organization.

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The Hawthorne Studies utilized :o assess the factors that could influence productivity. Which result would have been expected in the Hawthorne Studies had it been based on the principles of scientific management? Scientific management would have predicted that employees seek to be happy at work. Scientific management would have predicted that employees would succumb to normative pressures and adjust their productivity accordingly. Scientific management would have predicted that employees would seek to maximize their wages. Scientific management would have predicted that employees would strive to maximize time off. Choose the best answer to the following question. Which organizational resource is the focus of the behavioral management perspective? Physical Financial Information Human. Sclentific management would have predicted that employees would strive to maximize time off. Choose the best answer to the following question. Which organizational resource is the focus of the behavioral management perspective? Physical Financial Information Human For each characteristic, select whether it is consistent with a Theory

Answers

The Hawthorne Studies utilized interviews and observation to assess the factors that could influence productivity. If the Hawthorne Studies had been based on the principles of scientific management, the expected result would be that employees would succumb to normative pressures and adjust their productivity accordingly.

Scientific management is a theory that was developed by Frederick Winslow Taylor in the late 19th and early 20th centuries. This theory emphasizes that maximizing efficiency and productivity in the workplace should be the primary focus of management. According to scientific management, employees are motivated primarily by economic rewards, and the most effective way to motivate them is to pay them more. This theory also focuses on standardizing work processes and breaking down tasks into smaller, simpler parts to increase efficiency.

In contrast, the behavioral management perspective emphasizes the importance of understanding human behavior and motivation in the workplace. This theory suggests that employees are motivated by a variety of factors, including social needs, self-esteem, and the desire for personal growth and development. It also emphasizes the importance of communication, leadership, and interpersonal relationships in the workplace.In terms of organizational resources, the focus of the behavioral management perspective is human resources.

In summary, the Hawthorne Studies would have had different results if they had been based on the principles of scientific management, which emphasizes maximizing efficiency and productivity through economic incentives and standardized work processes. The behavioral management perspective, on the other hand, focuses on understanding human behavior and motivation and developing human resources to enhance productivity and organizational success.

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Explain the role of public relations in developing and maintaining a corporate image.

Answers

By overseeing communication and relationships between an organisation and its stakeholders, public relations plays a critical part in creating and sustaining a company image.

To influence the perception, reputation, and overall image of the business, strategic communication is used. To improve the public's view of the company, public relations experts take part in activities like media relations, crisis management, community involvement, and employee communications. Public relations contributes to the development of trust, credibility, and goodwill among stakeholders by clearly articulating the company's ideals, accomplishments, and social responsibility efforts. It helps build the company's brand, draw in clients, investors, and talent while minimising reputational hazards.

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when forecasting demand for a new product, it is typical to produce a model from historical data of similar or competing products.
a. true b. false

Answers

The statement When forecasting demand for a new product, it is typical to produce a model from historical data of similar or competing products a)True

When forecasting demand for a new product, it is typical to produce a model from historical data for similar or competing products. When forecasting the demand for a new product, it is typical to produce a model from historical data for similar or competing products. The previous history of similar or comparable products, sales patterns, and seasonal fluctuations are all factors to consider in this situation.The historical data helps predict future demand for a new product based on the popularity and sales of similar or competing products. By creating models based on this data, businesses can more accurately forecast the demand for new products and plan accordingly.

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Identify the sampling method. then identify any bias in each method.

a maintenance crew wants to estimate how many of 3000 air filters in an office building need replacing. the crew examines five filters chosen at random on each floor of the building.

Answers

The sampling method used in this scenario is stratified random sampling. This is because the building is divided into floors, and the crew is sampling five filters from each floor, ensuring representation from each stratum (floor). Regarding bias.

there is a potential for sampling bias in this method if the maintenance crew intentionally or unintentionally choose filters that they know are more likely to be replaced. For example, if they choose filters that are visibly dirty or have been recently replaced, this could skew the results. Additionally, there could be bias if the crew does not truly select the filters at random, but instead chooses those that are easier or more convenient to access.


Overall, while stratified random sampling is a useful method for ensuring representation from different groups, it is important to be aware of and try to mitigate potential biases in the sampling process. To identify the sampling method and any bias in the method used by the maintenance crew to estimate how many of the 3000 air filters in an office building need replacing, consider the following. The sampling method used is stratified random sampling. In this method, the building is divided into floors (strata), and then a random sample of five filters is taken from each floor
Stratified random sampling is an effective way to ensure that each floor is represented in the sample, which can help provide a more accurate estimate of the overall number of filters needing replacement. However, there can be potential biases in this method: Selection bias: If the maintenance crew does not use a truly random method to choose the five filters on each floor, this could lead to a biased sample. Nonresponse bias: If some floors have a higher proportion of filters needing replacement than others, and these floors are not adequately represented in the sample, the estimate could be biased. To minimize these biases, the crew should use a random method (e.g., random number generator) to select the filters on each floor and ensure that each floor is adequately represented in the sample.

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explain the social and psychological factors that influence the buying patterns of customers in business

Answers

Answer:

There are four psychological factors that influence consumer behaviour: Motivation, perception, learning, and attitude or belief system. Motivation speaks to the internal needs of the consumer.

Explanation:

on the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year. (hint: first, determine the amount of increase or decrease in stockholders’ equity during the year.) amber:no additional common stock was issued and no dividends were paid. blue:no additional common stock was issued, but dividends of $60,000 were paid. coral:additional common stock of $140,000 was issued, but no dividends were paid. daffodil:additional common stock of $140,000 was issued and dividends of $60,000 were paid.

Answers

Net Income (or Loss) Calculation for Each Company:

Amber: The net income (or loss) for Amber cannot be determined solely based on the information provided. Additional data such as revenue, expenses, and any other relevant financial information is required to calculate the net income (or loss) for the year.

What additional information is needed to calculate the net income (or loss) for Amber?

To determine the net income (or loss) for a company, we need to consider various factors such as revenue, expenses, gains, losses, and changes in stockholders' equity. The information provided for Amber only mentions that no additional common stock was issued, and no dividends were paid.

However, this information alone does not provide any insights into the financial performance of the company or its overall profitability. Without additional data, it is not possible to calculate the net income (or loss) for Amber.

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How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

Recently when Mosaic Ltd was falling short of funds to meet the floatation costs of its upcoming issue of preference shares, the company raised deposits from Rosaic Ltd. Which had surplus funds. In the context of the above case: Identify and explain the source of finance being discussed above

Answers

Answer:

The floatation cost may be defined as the cost that is incurred or earned by any organization or a firm whenever they issue new stocks in the market. Here in the context, Mosaic Ltd is having shortage of money to incur the cost of the upcoming preference shares that they will issue. So they had raised deposits from another firm, Rosaic Ltd which had a surplus amount of fund. The money raised by Mosaic is a kind of security bond or transfer of money to another party for the safe keeping. The other firm i.e Mosaic Ltd. will return the money to Rosaic Ltd. later.

the average cost for interplanetary space to fly a 100-seat spaceship between mars and amsterdam is $100 million. the $100 million is

Answers

Based on the fact that the average cost of  interplanetary space to fly a 100-seat spaceship between Mars and Amsterdam is $100 million, then the $100 million is not marginal.

Which cost is marginal?

Marginal cost refers to the additional cost that we incur for wanting an additional unit of a product or service. This means that it is not an average score because it is concerned with one additional unit while the average is based on all units.

The $100 million for going into space between Mars and Amsterdam is an average cost. It is therefore not a marginal cost and cannot be grouped as one.

The first part of the question is:

Identify whether the scenario is an example of a marginal cost, marginal benefit, or neither.

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What are the basic forms of competition? Discuss

Answers

Answer:

Explanation:

La educación por competencias ha resurgido en todo el mundo con gran fuerza desde finales del siglo pasado. Las reformas del sistema educativo mexicano emprendidas en la última década y que comprenden todos los niveles tienen un elemento en común: un currículo con un enfoque basado en competencias. Al igual que en otros países, en México estamos viviendo una efervescencia por las competencias; no obstante, la confusión y la incertidumbre parecen ser el signo distintivo de estas reformas. Es cierto que el concepto de competencias es polisémico y complejo, que no existe una teoría unificada que sustente este enfoque y que carecemos de experiencia en la puesta en práctica de un currículo basado en competencias. Si a esto le sumamos la dificultad propia que entraña la evaluación del aprendizaje, diremos que las condiciones están puestas para que la ambigüedad y el desconcierto reinen en los centros educativos, tal como está sucediendo. Este artículo tiene como objetivo contribuir al debate teórico actual en torno a la evaluación de competencias, así como aportar algunos rudimentos de tipo metodológico que permitan a los profesores mejorar sus concepciones y prácticas de evaluación.

Palabras clave: educación por competencias, evaluación de competencias, currículo basado en competencias, aprendizaje por competencias.

Which of the following is correct according to the AP Stylebook?
a. Kansas senior guard Ochai Agbaji, who covers about 6 miles during the course of a game while averaging 20.4 points and shooting nearly 50% from the field, is 6 feet, 5 inches tall.
b. Kansas senior guard Ochai Agbaji, who covers about 6 miles during the course of a game while averaging 20.4 points and shooting nearly 50% from the field, is 6-5.
c. Kansas senior guard Ochai Agbaji, who covers about six miles during the course of a game while averaging 20.4 points and shooting nearly 50 percent from the field, is six feet, five inches tall.
d. Kansas senior guard Ochai Agbaji, who covers about 6-miles during the course of a game while averaging 20.442 points and shooting nearly 50% from the field, is 6'5".

Answers

The correct answer according to the AP Stylebook would be: c. Kansas senior guard Ochai Agbaji, who covers about six miles during the course of a game while averaging 20.4 points and shooting nearly 50 percent from the field, is six feet, five inches tall.

The AP Stylebook provides guidelines for consistent and standardized writing style, including rules for numbers, measurements, and punctuation. According to AP style, numbers one through nine should be spelled out, and numbers 10 and above should be written as numerals. Measurements should also be spelled out, such as "six feet, five inches" rather than using numerical symbols like "6-5". Additionally, AP style recommends using words instead of symbols for percentages, so "50 percent" is the preferred format.

Therefore, option c adheres to AP style guidelines by spelling out the numbers, using spelled-out measurements, and writing the percentage as "nearly 50 percent."

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Lance paid $21,000 for seven acres of land six years ago. During the current year, Lance donated the land which now has a fair market value of $30,000 to his church. Lance will ______.
need to include the appreciation of $9,000 in gross income in order to take the full deduction
can only deduct $21,000 for the land contribution, regardless of how the church uses the land
only be able to deduct $21,000 if the church doesn't use the land in its related use
be able to deduct $30,000 as a charitable contribution

Answers

When Lance donated the land which now has a fair market value of $30,000 to his church, Lance will "be able to deduct $30,000 as a charitable contribution."

Hence, the correct option is: "be able to deduct $30,000 as a charitable contribution."

Who is Lance, Lance is a landowner who has donated his seven acres of land which he bought six years ago for $21,000 to his church. At present, the fair market value of that land is $30,000.

Now, the question arises whether Lance can deduct the full $30,000 value of the donated land on his tax return as a charitable contribution.To determine the deduction amount for Lance’s charitable contribution, the following facts must be known to us: Lance paid $21,000 for seven acres of land six years ago.

The current fair market value of the land is $30,000.Lance has donated this land to his church.So, if Lance donated the land which now has a fair market value of $30,000 to his church, he will be able to deduct $30,000 as a charitable contribution.

Therefore, the correct option is: be able to deduct $30,000 as a charitable contribution.

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During World War II, many American companies focused on manufacturing materials for military use;
following the war and a return to a peacetime economy there was a resurgence in marketing research.
From the list below, identify which research strategy was introduced following World War II.
O very short surveys
O motivational research
customer rewards
O opinion polling
O focus groups
O experimental testing of products by consumers

Answers

American businesses specializing in producing supplies for the government have used customer incentives, motivational studies, and very brief surveys.

What is motivational research?The phrase "motivation research" is used to describe a variety of qualitative research techniques that were created to delve into consumers' minds and elucidate the hidden or subliminal motivations and objectives driving everyday consumption and purchasing habits. Marketing professionals benefit in a variety of ways from motivation research. They are able to adjust their marketing by better understanding why customers may or may not purchase their goods. The target market for various goods and services can also be determined with its assistance. Any letter of motivation should start out simply, mentioning the program you're applying for. Describe your future project's clear career purpose in the first place, as well as your selection of this specific PhD program.

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1. Describe the general effect of education on a person’s earnings. (50 word minimum) *Take into consideration our notes*
2. Do you think this means everyone should make the decision to enroll in college? Tell me the why and why not? (70 word minimum) *Take into consideration our notes and the video on ‘The Economics of Education.’*
3. Describe your plan for work and/or college after high school. Then, describe one strategy you can use to allocate your time and money now that will help you stick to that plan in the future. (125 word minimum)
4. Lastly, what is the opportunity cost of the decision you explained in Question 3? (60 word minimum

Answers

Education and income have a high correlation. A common phrase used to describe education is "an investment in human capital." Similar to how individuals invest in financial assets to produce money, they also invest in human capital. In general, those who have more education make more money.

What are the benefits of education?

With its positive effects on health and livelihoods, social stability, and long-term economic growth, education is a potent force for change. Each of the 17 sustainable development goals must be achieved in order for it to succeed.

Among other things, income consists of wages, rent, interest, dividends, and subsidies. Due to their higher investment and saving rates compared to other classes, the rich or upper class tends to have a bigger percentage of unearned income in their overall income. The quality of a person's education and talents are immediately reflected in their employment.

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Property risks are those

A) risks in which loss is the only possible outcome

B) Financial losses that occur due to owing on a real estate investment

C) risks taken on by an investor that can be categorized as systematic or non-systematic

D) risks caused by a change in value caused by the timing and/or amount of expenses incurred versus those expected

Answers

Answer:

a

Explanation:

Property risk is an example of a pure risk.

Pure risks are risks in which loss is the only possible outcome. It could be full loss or partial loss. Other examples of pure risks are personal and liability risks

Property risk is the risk that a person or company's property would be damaged or lost.

For example, if a building is set on fire or if a car is stolen

true or false, to advance the progress completion percentage in a smartbook assignment, only one question per concept must be answered correctly

Answers

Answer:

False

Explanation:

A SmartBook assignment's progress completion % may not always be dependent on correctly answering just one question per idea. The requirements for increasing a SmartBook assignment's progress completion percentage can change based on the particular assignment, the course, and the instructor. It could be determined by properly answering a predetermined number of questions overall, a predetermined number of questions in each topic area, or by doing a predetermined number of activities or evaluations inside the assignment. The easiest way to find out the precise requirements for raising the progress completion percentage in a SmartBook assignment is to study the assignment instructions or speak with the instructor.

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The ledger of cullumber company contains the following balances: owner's capital $ 30,700. owner's drawings $ 1,700, service revenue $ 49,000, salaries and wages expense $ 26,500, and supplies expense $ 6,100. prepare the closing entries at december 31. (credit account titles are automatically indented when amount is entered. do not indent manually. if no entry is required select "no entry for the account titles and enter for the amounts:) date account titles and explanation debit credit dec. 31 (to close revenue account) dec. 31 (to dose expense accounts) dec. 31 (to close net income (loss)) dec. 31

Answers

Net income that needs to be reclassed to retained earnings

Date             General Journal          Debit                  Credit

Dec 31         Income Summary        16,400

                    Retained Earnings                                    16,400

Now, According to the question:

Closing journal entries are recorded at the end of an accounting period to close out the income statement accounts for the year and move the net income to retained earnings. The income statement is a companies revenue, expenses, and net income for a year and then the balances are closed out and moved to the balance sheet. An account called income summary is used for the closing journal entries. This is a temporary account. Once the revenue and expenses are  moved to the income summary account and closed out to 0 then the balance in the income summary account is moved to retained earnings on the balance sheet. Retained earnings appears in the equity section of the balance sheet . To close out service revenue we must debit revenue to decrease the balance to 0 and credit income summary.

Date             General Journal          Debit                  Credit

Dec 31          Service Revenue        49,000

                    Income Summary                                   49,000

To close out the salaries expenses account and the supplies expenses account we must credit and expense account to make the balance 0 and debit income summary.

Date             General Journal          Debit                  Credit

Dec 31         Income Summary        26,500

                  Salary and Wages

                   Expenses                                                 26,500

The difference between revenue and expenses is the net income (loss) and will be the balance in the income summary account after the closing journal entries are made. The net income needs to be moved to the retained earnings account which appears on the balance sheet.

Date             General Journal          Debit                  Credit

Dec 31         Income Summary        6,100

                  Supplies Expenses                                    6,100

$49,000 - $26,500 - $6,100 = $16,400

Net income that needs to be reclassed to retained earnings

Date             General Journal          Debit                  Credit

Dec 31         Income Summary        16,400

                    Retained Earnings                                    16,400

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What is the act of gathering information relative to a company's action and the factors that affect the space in which the company operates?

Answers

The answer is Market Research .

employees are introduced to new information, new perspectives, and new models of behavior during the stage of lewin's model of change. multiple choice question. unfreezing final reciprocal changing

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Employees are introduced to new information, new perspectives, and new models of behavior during the changing stage of lewin's model of change. The right answer is d.

Lewin postulated that group behaviour influences how any individual will react to a proposed change. According to the Three Stage Model of Change, the status quo is the current reality; however, a suggested change should eventually lead to the desired condition of the future.

In the changing stage, implementing a well-planned process does not ensure predictable results since organisational change in specific is notoriously difficult to manage. As a result, you must be ready with a range of change choices, including trial and error and the planned change process.

The correct answer is option d.

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how do you the accounting equation​

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Answer:

1. Assets = Liabilities + Owner Equity.

2. Liabilities = Assets - Owner Equity.

3. Owner Equity = Assets - Liabilities.

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