subject
Business, 01.11.2019 03:31 blakeolson0800

Woods, inc. earned revenues of $ 19 comma 000$19,000 and incurred expenses of $ 8 comma 000$8,000. the company declared and paid cash dividends of $ 3 comma 500$3,500. what is the balance in the income summary account after closing net income or loss to the retained earnings account? a. credit balance of $ 8 comma 000$8,000b. balance of $0c. credit balance of $ 11 comma 000$11,000d. debit balance of $ 19 comma 000

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 00:40
The silverside company is considering investing in two alternative projects: project 1 project 2 investment $500,000 $240,000 useful life (years) 8 7 estimated annual net cash inflows for useful life $120,000 $40,000 residual value $32,000 $10,000 depreciation method straightminusline straightminusline required rate of return 11% 8% what is the accounting rate of return for project 2? (round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, x.xx%.)
Answers: 3
question
Business, 22.06.2019 01:00
Bond x is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. your required return on bond x is 10%; if you buy it, you plan to hold it for 5 years. you (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 9.5%. how much should you be willing to pay for bond x today? (hint: you will need to know how much the bond will be worth at the end of 5 years.) do not round intermediate calculations. round your answer to the nearest cent.
Answers: 3
question
Business, 22.06.2019 05:00
Identify an organization with the low-total-cost value proposition and suggest at least two possible measures within each of the four balanced scorecard perspectives.
Answers: 3
question
Business, 22.06.2019 14:20
Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?
Answers: 1
You know the right answer?
Woods, inc. earned revenues of $ 19 comma 000$19,000 and incurred expenses of $ 8 comma 000$8,000. t...
Questions
question
Mathematics, 15.10.2020 21:01
question
Mathematics, 15.10.2020 21:01
question
Mathematics, 15.10.2020 21:01
question
Health, 15.10.2020 21:01
question
Mathematics, 15.10.2020 21:01
question
Mathematics, 15.10.2020 21:01
question
Mathematics, 15.10.2020 21:01
Questions on the website: 13722361