The marketing department of Cool-down, Inc., noticed that customers are not buying as many bottles of Cool-down soft drink in December as they usually do in July. Cool-down decided to offer coupons and refunds. It also planned a sweepstake. Which of the following elements of the promotional mix is Cool-down trying to use?
a. personal selling b. direct marketing c. sales promotion d. public relations

Answers

Answer 1

Answer: the correct answer is c. sales promotion

Explanation:  coupons, sweepstakes, refunds, and displays are examples of sales promotions.


Related Questions

Jung Hwa was recently married on July 1, 2018. She had worked for the organization for the past eight years and has been covered under its group healthcare insurance policy during the entire period. When can Jung Hwa add her new spouse to her insurance plan?

Answers

Now that’s what she should do but if she doesn’t what to then oh whale

At the end of an accounting​ period, the costs assigned to a production department can be split into the cost of units fully completed and transferred​ out, and the cost of units partially completed and remaining in the​ Work-in-Process Inventory of that department. True or False.

Answers

Answer:

I am pretty sure it is true

What type of skills requires defining problems and selecting the best course of action to take

Answers

Problem Solving Skills

Hope that helped you!

Answer:

Problem solving skills

Explanation:

When a person has problem solving skills, this means that the person is particularly good at defining problems and selecting the actions that will allow him to deal with these effectively. It is important for a person to develop good solving skills. These are useful in many different contexts, including school, home and the workplace.

Which steps would you take to determine how much an employee should be paid? Select all that apply. Determine the number of hours the employee was scheduled to work. Determine the number of hours the employee worked. Determine whether the employee worked overtime hours. Determine whether any of the days worked are holidays that receive holiday overtime payment rates. Determine the hourly rate this employee earns. Determine whether this is a new employee.

Answers

Explanation:

An employee should be paid for the number of hours he worked in the organization and the number of hours he worked overtime for the company. Also if the employee has worked for company on holidays, he should be paid overtime allowance for that.

So according to the above criteria, the following options are appropriate determinants of how much should an employee be paid.

Determine the number of hours the employee workedDetermine whether the employee worked overtime hoursDetermine whether any of the days worked are holidays that receive holiday overtime payment rates.

So these above mentioned options determine how an employee should be paid.

Answer:

Determine the number of hours the employee worked.

Determine whether the employee worked overtime hours.

Determine whether any of the days worked are holidays that receive holiday overtime payment rates.

Determine the hourly rate this employee earns.

Explanation:

Heidi, the founder of Camp Bow Wow, proves herself to be a leader as she asks her employees for suggestions and inputs before making decisions. In the given context, Heidi demonstrates _____.

Answers

Answer: the correct answer is Consideration

Explanation:

Heidi, the founder of Camp Bow Wow, proves herself to be a leader as she asks her employees for suggestions and inputs before making decisions. In the given context, Heidi demonstrates consideration.

Two students are discussing energy sectors in the United States. Student 1 claims that the commercial sector includes automobiles and churches. Student 2 agrees but also includes construction in the commercial list. Who is correct?

Answers

In the context of U.S. energy sectors, churches are included in the commercial sector but automobiles are part of the transportation sector. Additionally, construction is typically associated with the industrial sector. Hence, neither student is completely correct in their assertions regarding the inclusion of these entities in the commercial sector.

The discussion between the two students revolves around the definition of the commercial sector in the context of energy consumption in the United States. The assertion by Student 1 that the commercial sector includes churches is correct, as non-commercial entities like churches and government buildings fall under the commercial sector regarding energy use. However, Student 1's inclusion of automobiles is misplaced since automobiles are typically classified under the transportation sector, particularly private automobiles. On the other hand, Student 2's addition of the construction into the commercial list is inaccurate, as construction is more closely aligned with the industrial sector, which entails different energy use patterns and distinctive accounting of energy resources.

Figures and definitions from energy information sources reveal that the commercial sector encompasses various types of enterprises with unique patterns of energy consumption, and it is important to make distinctions between these sectors for accurate energy accounting and management. Therefore, neither student is completely correct in their assertions. The commercial sector is defined by its non-residential and non-industrial buildings and their energy use, with office and mercantile uses being predominant.

Thom owes $6,200 on his credit card. The credit card carries an APR of 17.9 percent compounded monthly. If Thom makes monthly payments of $200 per month, how long will it take for him to pay off the credit card assuming that he makes no additional charges?

Answers

Final answer:

To determine the time it will take Thom to pay off his $6,200 credit card debt at 17.9% APR with $200 monthly payments, an amortization formula or financial calculator is required. The calculation involves understanding both the effects of monthly compounding interest and how each payment is split between interest and principal repayment.

Explanation:

To find out how long it will take Thom to pay off a $6,200 credit card debt with a 17.9% APR compounded monthly and making $200 payments per month, we need to use the formula for the amortization of a loan. Calculating this requires either the use of a financial calculator, a loan amortization spreadsheet, or the application of the appropriate mathematical formula. Since the APR is given as an annual rate but compounded monthly, we will need to convert the annual rate to a monthly rate by dividing it by 12. Then, we need to set up the amortization formula to solve for the number of payments required to pay off the debt.

Taking into account the compounding interest each month, it is not a simple division of the total debt by the monthly payment. The compound interest will add to the balance each month, while part of each $200 payment will go towards paying off the interest, with the remainder paying down the principal.

As this is a complex calculation that typically requires financial functions not available without a calculator or spreadsheet, the exact number of months is not provided here, but the general approach has been outlined to assist in understanding the steps involved in such a calculation.

On July 7, you purchased 500 shares of Wagoneer, Inc. stock for $21 a share. On August 1, you sold 200 shares of this stock for $28 a share. You sold an additional 100 shares on August 17 at a price of $25 a share. The company declared a $0.95 per share dividend on August 4 to holders of record as of Wednesday, August 15. This dividend is payable on September 1. How much dividend income will you receive on September 1 as a result of your ownership of Wagoneer stock

Answers

Answer:$190 total

Explanation: most of the information is trying to throw you off what matters is that you sold in total 300 of your 500 shares and are left with 200 shares. If you times that by the amount per share you get 0.95 you end up with your amount by the day of $190. Hopes this helps!

A firm has current assets that could be sold for their book value of $32 million. The book value of its fixed assets is $70 million, but they could be sold for $100 million today. The firm has total debt with a book value of $50 million, but interest rate declines have caused the market value of the debt to increase to $60 million. What is the ratio of the market value of equity to its book value?

Answers

Answer:

Market value of equity / book value of equity   72/52 = 1.38

The company is a little overvalued.

It means that the assets they have because the rate is declining, have a higher yield than the market, that's why their market value increase, therefore the investor will pay more to acquire the company or shares of the company because their profits will be above the common of the industry.

Explanation:

concept                book value       market value          diference

current assets     32 millons          32 millons                        0

long term assets 70 millons         100 millons     +30,000,000

liabilities               50 millons         60 millons        -10,000,000

TOTALS           70+32  - 50= 52    32+100-60=72     +20,000,000

Market value of equity / book value of equity   72/52 = 1.38

This ratio tries to determinate if a company is being undervalued or overvalued.

It is usually good to help a third party at the task of  determinate whether or not a company's market value is suffering from speculation (when extremely overvalued)

When the ratio is below 1 It will mean that it is undervalued. The manager may interpret this that third parties see the company cheap while trading.

When it is above 1, it is overvalued, this means an investor will pay more for a portion of the company than it really has.  This can lead to thinking that forecast profit is rising and because of that the investors are paying a premium. But if it gets really high, then it is saying that the company is subject to speculation and the price bubble may explode anytime.

In the context of web marketing the _____ is computed by dividing the number of clicks on an ad

Answers

The answer would be “click through rate.”

The change in period-to-period operating income when using variable costing can be explained by the change in the

Answers

Answer:

Unit sales level multiplied by a constant unit contribution margin.

Explanation:

The change in period-to-period operating income when using variable costing can be explained by the change in the Unit sales level multiplied by a constant unit contribution margin.

Hope this helps!

James owns two houses. He rents one house to the Johnson family for $10,000 per year. He lives in the other house. If he were to rent the house in which he lives, he could earn $12,000 per year in rent. How much do the housing services provided by the two houses contribute to GDP? A. $0 B. $10,000 C. $12,000 D. $22,000

Answers

It is D. Both housing services in total provide 22,000 dollars.

Business travelers are more likely than leisure travelers to choose an airline primarily based on the frequent flyer program. False True

Answers

Answer:

True!!!!!!!!!!!!!!!!!!!!!!!!

The band estimates it will use this equipment for four years, during which time it anticipates performing about 200 concerts. It estimates that after four years it can sell the equipment for $2,000. During year 2008, the band performs 45 concerts. Assume that Cerritos Band chose straight-line depreciation but realizes early in the second year that due to concert bookings beyond expectations, this equipment will last only a total of three years. The salvage value remains unchanged. Compute the revised depreciation for the second year. Book value at point of revision $ Remaining depreciable cost $ Depreciation per year for year 2 $

Answers

Answer:

There are several question

Explanation:

You do not provide the equipment adquisition value.

I will help you with this incomplete question, by giving you the procedure to reach the answers of your problem:

The information about concerts is not useful to determinate the straight-line depreciation, so you will ignore that part, on striaght-line you must focus on the espected life of the long-term asset, the adquisition value and the salvage value.

For depreciation expense for year 1.

You will do (adquisition value - salvage value ($2,000)) /4 years

The first part means, the ammount from which the band purchase the equipment, less the ammount they can sell it at the end of his useful life. This will be the ammount subject to depreciation.

Last part will be to divide this by the useful life in year.

Book value at the moment of revision will be:

book value  = adquisition value - acumulated depreciation

Were the acumulated depreciation will be sum of the depreciation expense over the years. In this case we only have 1 depreciation so it will be

acumulated depreciation: dep expense year 1

Remaining depreciable cost at year 1 will be:

amount subject to depreciation  - acumulated depreciation

remember that amount subject to depreciation will be:

adquisition value - salvage value

and the acumulated depreciation is the sum of the depreication of each year.

For depreciation expense for year 2

Then you will do (adquisition value - salvage value) / 3 years

Because the expected life decrease this value will be higher than year 1

For many years, the Justice Department has tried to break up large firms like IBM, Microsoft, and most recently Google, on the grounds that their large market share made them essentially monopolies. In a global market, where U.S. firms compete with firms from other countries, would this policy make the same sense as it might in a purely domestic context?

Answers

Answer:

Explanation:

Short answer: No it would not make any sense at all.

It is doubtful that international courts would take such a task on. International courts seldom deal with civil issues.

Big companies like IBM need their size to compete internationally. China for one, South Korea (surprise), can give them a run for their money.

Answer and explanation:

It depends on the region. There are countries where such kind of innovations are not locally produced so they have no option but to adapt to what other countries can provide them. According to their local regulations and market conditions, they could start processes against those types of organizations.

On the other hand, some other regions produce similar domestic goods that are even more preferred than imports. There, the policies the example refers seem useless.

Johanna Reid, a campaign manager at a child rights organization, recently started working on an illiteracy project. During the project, she needs to motivate team members to attain their project milestones and direct them through different phases of the project. Which of the following kinds of functions will these tasks be covered under? Organizing
Evaluating
Leading
Planning

Answers

C. Leading should be correct

Real Losers, a diet magazine, collected $360,000 in subscription revenue in May. Each subscriber will receive an issue of the magazine for each of the next 12 months, beginning with the June issue. The company uses the accrual method of accounting. By the end of December, how much Subscription revenue has been earned?

Answers

Answer: the correct answer is $210,000. The months is which the service was given were June, July, August, September, October, Nevember, December. The total service is $360,000 which means it is $30,000 monthly. (360,000 divided by 12). $30,000 times 7 months is $210,000.

Explanation: If a company is using the accrual basis accounting method it has to record its earned revenue when services are rendered, even though cash may be received at a later date..

By the end of December, how much Subscription revenue has been earned is $210,000

Given:

Based on the information given each  of the subscriber will receive an issue of the magazine for each of the next 12 months starting with the June .

June to December=7 months

Subscription revenue=$360,000

Now let how much Subscription revenue has been earned

Subscription revenue=$360,000×7months/12 months

Subscription revenue=$210,000

Inconclusion By the end of December, how much Subscription revenue has been earned is $210,000.

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The state troopers in one state have a motto, “Nine you’re fine; ten you’re mine,” which is the standard that they use for pulling over speeders on the state highways. In other words, if the posted speed limit is 55 mph, drivers can drive at a rate up to 64 mph without fear of getting a ticket. Which of the following best describes the ethical culture in the state? a. The troopers are following a standard of positive law. b. The troopers are following a normative standard. c. The troopers are following a headline test. d. The troopers are following the Blanchard/Peale standard.

Answers

Hello there!

Your question asks what the ethical culture of the state is.

Answer: B). The troopers are following a normative standard

The reason why the answer "B). The troopers are following a normative standard" is correct because this is the standard that the troops go by--for instance when they pull someone over.

The reason why it's a "normative" standard is because it is a norm that they go by, and the norm "Nine you’re fine; ten you’re mine" is normal to them.

Their motto "Nine you’re fine; ten you’re mine" means that when someone is going 9 mph over the speed limit, they're fine, but if they're going 10 mph over the speed limit, then they will get pulled over.

That's why in the text it says "if the posted speed limit is 55 mph, drivers can drive at a rate up to 64 mph without fear of getting a ticket", due to the fact that from 55 mph to 64 mph is only 9 mph above the speed limit. If the driver were to go 65 mph, then they will get pulled over.

To sum it up, it's just a "normative standard" for the state troopers to not give tickets to people going 9 mph over the speed limit, but only to those who go 10 mph over the speed limit.

I hope this helps!Best regards, MasterInvestor

2. A box contains 50 slips of paper. Forty of the slips are marked $0, 8 of the slips are marked $20, 1 slip is marked $100, and the last one is marked $500. Find the expected net winnings of a person who pays $10 to randomly select one slip of paper. Interpret.

Answers

Explanation and answer:

If if the possible outcomes are xi, and the corresponding probability is pi, where i is one of the N events, then the expectation [E] is given by

[E] = sum (xi*pi)

In the given case, n= frequency of the event, N=50=total number of events

i    n    xi   pi            n*xi*pi

1  40    0   40/50     40*0*40/50 = 0

2   8   20   8/50      8*20/50 =  3.20

3   1  100    1/50       1*100/50 =  2.00

4   1  500   1/50       1*500/40= 10.00

Total  (expected gross winning) =  15.20

Person has already paid $10,

so the expected net winning = 15.20 - 10 = 5.20

Final answer:

In a large number of games, on average, a player who pays $10 to randomly select a slip from the box in question can expect to win $5.20 per game.

Explanation:

This question relates to the mathematical concept of expected value, which is a key idea in statistics and probability. In the context of this box game, we need to consider each possible outcome and its associated probability. The associated value is the amount of money on the slip minus the cost to play, which is $10.

So, considering each scenario:

There's a 40/50 chance of drawing a $0 slip, which means a loss of $10, yielding an expected value of 40/50*(-$10) = -$8.8/50*$10 = $1.60 from the $20 slips.1/50*$90 = $1.80 for the $100 slip ($100 minus the cost of play).1/50*$490 = $9.80 for the $500 slip.

Adding these together, the overall expected net winnings (or more accurately, losses) per game played would be -$8 + $1.60 + $1.80 + $9.80 = $5.20. Thus, if played a large number of times, on average, a player would expect to win $5.20 per game, despite the fact that the most likely individual outcome on any given draw is a loss of $10. This happens due to the high winnings when the rare event of drawing a $500 slip occurs which increases the overall expected value of the game.

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Which of the following is an element of inventory holding​ costs? A. material handling costs B. investment costs C. housing costs D. ​pilferage, scrap, and obsolescence E. All of the above are elements of inventory holding costs.

Answers

Answer:

All of the above are elements of inventory holding costs.- E.

Material handling costs, housing costs, investment costs, pilferage, scrap, and obsolescence are all components of inventory holding costs. Option E is correct.

What is inventory holding costs?

Inventory holding costs are defined as the fees that are incurred when  inventory is put in a warehouse.

Inventory holding costs include rent for space, security, depreciation, and insurance. Inventory holding costs include material handling costs, housing costs, investment costs, pilferage, scrap, and obsolescence.

Therefore, option E is correct.

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Which of the following best describes how manufacturing creates wealth? increases the number of affluent Americans living in the United States and abroad drives the stock market, thus creating wealth for investors provides many low-wage jobs, driving down the unemployment rate increases the value of raw materials by turning them into something people and companies will purchase

Answers

Answer:

provides many low-wage jobs, driving down the unemployment rate

Explanation:

Manufacturing creates wealth by providing many low-wage jobs thus driving down the unemployment rate in a country. The standards of living of the people is thus improved

Answer:

The correct answer would be Provides many low wage jobs, and Driving down the unemployment rate.  

Explanation:

When manufacturing increases in an economy, it means that there is a growth in the economy, people are demanding products and for that manufacturers are manufacturing products. Manufacturing requires more workforce, so many of the lower paid workers are been employed, which contributes towards lowering the unemployment rate of the country overall. More people gets employed and thus employment increases which decreases the unemployment rate.

2. Which score is relatively better?

A. A score of 78 on a test that has a mean of 75 and a standard deviation of 1

B. A score of 85 on a test that has a mean of 75 and a standard deviation of 5

C. A score of 90 on a teat that has a mean of 92 and a standard deviation of 2

Answers

Answer: I think C

Explanation: Because lets say you have a F+ in math and you want a A+ in Math. You have to get math tests done to get high score.

On October 10, Jayson Company receives an order for a $700 TV which it will deliver to the customer on October 17. The customer pays the full amount in cash at the time of the order. Besides recording the receipt of $700 cash, what else should Jayson record on October 10?

a. Record $700 revenueb. Record some of the $700 as revenue now and the rest on delivery of the TV
c. Record a $700 liability d. Make no record at this time; record revenue and receipt of cash on delivery of TV

Answers

Answer:

C.

Explanation:

It is the company's liability until the customer takes posession.

Answer:

Option "C" is the correct answer to the following statement

Explanation:

In the following situation, Jayson Company should record a liability of $700 until the customer gets his or her TV.

the customer gives order and full payment to Jayson Company of $700 on October 10 and receive his or her order on October 17.

So, $700 is a liability for Jayson Company and assets for the customer.

What are two different types of transactions

Answers

In business, there are four main types of financial transactions, and they include sales, purchases, receipts, and payments. All financial transactions that occur have an effect on at least two accounts, depending on the type of transaction.

Which of the following distribution systems offers speed and reliability when emergency supplies are needed overseas?A. railroadsB. airfreightC. truckingD. pipelinesE. waterways

Answers

Hello there!

Your question asks which is a fast and reliable source for emergency supplies that are needed overseas.

Answer: B). Airfreight

The reason why answer choice "B). Airfreight" is the correct answer because this is the distribution system that is the quickest to get things overseas.

When you think about going overseas, what do you use? A plane. When you think about going somewhere international, what do you use? A plane. That is the same concept when you're sending things overseas, you would use some sort of air craft to get it overseas.

An airfreight is a really big air craft that can transport tons and tons of supplies, items, etc. An airfreight can go over the ocean and to its destination very quickly. The plane can go hundreds and hundreds of miles per hour for a long period of time. This is why people would use an air freight to deliver emergency supplies overseas.

Why the other answer choices are incorrect:

Answer choice "A). railroads" is incorrect because railroads can't go overseas. Have you seen railroads built over the ocean? Absolutely not. Therefore, trains can't go over the ocean because there's no railroads built over the ocean. This is why this answer choice is incorrect.

Answer choice "C). trucking" is incorrect because there is no road over the ocean, therefore the travel path would be cut off for the trucks. In order for the trucks to go overseas, they would need to be transported on a boat, in which would take a long time. This is why this answer choice is incorrect.

Answer choice "D). pipelines" is incorrect because pipelines don't extend to places that are overseas, and pipelines would not be a safe thing to use to get emergency equipment distributed. This is why this answer choice is incorrect.

Answer choice "E). waterways" is incorrect because water ways are just water, large bodies of water to be exact. There is no transportation system in waterways, therefore making this answer choice incorrect.

I hope this helps!Best regards, MasterInvestor

Airfreight is the most suitable option for fast and reliable overseas delivery of emergency supplies, thanks to its speed and connectivity to local distribution networks.

Among the options given, airfreight offers the most speed and reliability when emergency supplies are needed overseas. Airfreight can deliver goods quickly over long distances, and it is less likely to be affected by traffic jams, adverse weather affecting roadways, or the physical limitations of infrastructure like bridges and tunnels.

Airports also tend to be well-connected to local distribution networks, allowing for the efficient 'last mile' delivery in different geographic regions, which is essential when time is critical.

Effective knowledge sharing is most likely when employees ________. (a) believe knowledge management is mandatory (b) see knowledge sharing as an additional responsibility (c) view knowledge as a means to have power over others (d) have easy access to information within the context of their jobs

Answers

Believe knowledge management is manditory

The campus bookstore sells 4,000 sets of graduation regalia each year. Placing an order from their supplier costs $25 regardless of order quantity, so they usually place a large order (a half year's supply) at a time. It costs $5 per year to hold a cap and gown in inventory, primarily insurance costs for the highly flammable material. What is their optimal order quantity?

Answers

Answer:

The optimal order quantity will be 200

Explanation:

The formula is the following:

[tex]\sqrt{\frac{2 * 4000 * 25}{5}} = 200[/tex]

[tex]\sqrt{\frac{2 * Demand* RequestCost}{HoldingCost}} = 200[/tex]

The Math involving how to reach this formula finds their base on differential analysis maths, so it is beyond the scope of the question.

Now, let's focus on what using this method does to the university if implement:

It is quite easy to calculate so if the cost change or the annual demand changes, then it will be easy to find the new optimal quantity

It is important to consider that the demand must be steady during the year. This method does not fit when there is seasonal demand for the product or if there are punctual buyers of high volume. The method also has a problem with the time to replenish the inventory, because it is assuming it happens instantly. Also, it is important to notice that the units purchase cost is not in the calculation, so if a higher purchase volume gets discounts, it is not in being considered in this formula.

So resuming,

easy and quick way to determinate an order quantitydo not consider a discount for a larger purchasedo not consider if there is seasonal demand or large buyersdo not consider the travel time between requests

The formula you should remember in case to calculate the cost will be this:

Total cost= cost to order + Cost of inventory

In this case will be cost to order = 20 request (4000 demand / 200 order) *$25 each = 500

cost of inventory = 200 * 5 = $1000

Total of $1,500

The campus bookshop sells 4,000 sets of graduation regalia each year. The optimal order quantity will be 200.

What is the optimal order quantity?

The amount of inventory that a company should have on hand at any one time that is most cost-effective is called the optimal order quantity. Simply put, this figure shows the amount of stock an organization should order meeting demand without using up too much working capital.

The economic order quantity (EOQ) or the optimal order quantity is the amount of inventory that a company should order in order to meet demand while reducing overall ordering, receiving, and holding expenses.

Computation of optimal order quantity (EOQ):

EOQ = square root of [2(setup costs)(demand rate)] / holding costs.

EOQ = square root of [2×4000×25/5]

EOQ = 200

Therefore, the optimal order quantity 200.

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1. What is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. What is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. A business just took out a loan for $100,000 at 10% interest. If the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. What is the annual percentage yield (APY) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%

Answers

Answer:

$8.00$25.97$2500

Explanation:

1. The amount earned each year is 4% × $100 = $4. After 2 years, the account has earned 2×$4.00 = $8.00.

__

2. If the account earned simple interest, it would earn 8% × $100 = $8.00 each year. After 3 years, the interest would total $24.00. Since the interest is compounded, the interest also earns interest and the total amount of interest is more than $24.00. The appropriate answer choice is $25.97.

__

3. If the business had taken a year to pay off the loan, it would have paid in interest ...

  10% × $100,000 = $10,000

Since the loan was paid off in 1/4 year, the amount of interest paid is 1/4 that amount, so is

  (1/4) × $10,000 = $2,500

Tiptoe Shoes had annual revenues of $190,000, expenses of $106,200, and dividends of $20,000 during the current year. The retained earnings account before closing had a balance of $302,000. The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed, is:?

Answers

I honestly need help with this too

The revenue and expense accounts are closed at the end of the year, an entry is made to shut the income summary account is $83800. Thus, option (B) is the correct answer.

During an accounting period, all revenue and cost accounts from the income statement are moved into a temporary account called the income summary account.

Income/Lose

= Total revenue- Total Expenses.

= $190000 - $106200

= $83200

Income = $83200

Income transferred to Retained Earnings

Income Summary A/c (Dr)= $83800 Retained Earning (Cr)= $83800

Thus, option (B) is correct Answer:

Debit income summary $83500

Credit Retained Earning $83800

Therefore, The revenue and expense accounts are closed at the end of the year, an entry is made to shut the income summary account is $83800. Thus, option (B) is the correct answer.

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The given question is incomplete, this is the complete question:

Tiptoe Shoes had annual revenues of $190,000, expenses of $106,200, and dividends of $20,000 during the current year. The retained earnings account before closing had a balance of $302,000. The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed, is:?

Group of answer choices:

a) Debit Retained earnings $83,800, credit Income Summary $83,800

b) Debit Income Summary $83,800, credit Retained earnings $83,800

c) Debit Retained earnings $63,800; credit Income Summary $63,800

d) Debit Income Summary $63,800; credit Retained earnings $63,800

e) Debit Retained earnings $302,000; credit Income Summary $302,000

You own a coffee shop and you hire a band to play popular songs to your patrons while they sip their morning coffee. Who enforces the performance rights if you have not paid for a license to the music played in the shop?

Answers

if theres a BMI and ASCAP select it

Other Questions
In this lesson, you will examine the central idea of Chapter 2 in The Adventures of Tom Sawyer. In this chapter, Tom uses ingenuity and his knowledge of human nature to convince others to do his assigned chore of painting the fence. Once you have read the chapter, write a journal entry discussing Toms theory about work versus play. How does he convince Jim and the other boys to do his work for him? How does his technique with Jim differ from that of the other boys? Why do you think this is? Think about your first impressions of Tom from Chapter 1. Has your opinion of him changed based on the events in this chapter? Your response should be about 150 words in length, and use details from the text to support your ideas. Four different sets of objects contain 4, 5, 6, and 8 objects, respectively. Howmany unique combinations can be formed by picking one object from eachset? if f(x)=3x+10x and g(x)=4x-2, find (f-g)(x) In order for the data in the table to represent a linear functionwith a rate of change of -8, what must be the value of m?Om = 2Om = 3Om = 19m = 35 11. What is the purpose of the introduction in an essay? Use the graph of the function y=4^x to answer the following questions Which of the following is least likely to have appeared in the Code of Hammurabi The sum of one-third of a number and three-fourths of the number exceeds that number by one. Which equation could be used to find the number?1/3n = 3/4n + 11/3n + n 3/4= n - 11/3n + n 3/4= n + 1 A standard American Eskimo dog has a mean weight of 30 pounds with a standard deviation of 2 pounds. Assuming the weights of standard Eskimo dogs are normally distributed, what range of weights would 99.7% of the dogs have? Approximately 2634 pounds Approximately 2436 pounds Approximately 2832 pounds Approximately 2931 pounds How does the electron-cloud model describe electrons? John Locke wrote that if the people of a country believe their government is unjust or abusing power, they have a right to overthrow it. Which founding principle does his statement support? Natural rights Limited government Republicanism Social contract How many countries are there What new form of music swept the nation in the 1950s A. Chamber music B. Hip-hop C. Jazz D. Rock-and-roll All of the following could be considered product enhancements at a sporting or entertainment event EXCEPT ? From which linguistic traditions are most state names derived? If a character is lost in the wilderness and struggling to survive,what kind of conflict is he facing?Aa.external conflict-man vs. natureB.external conflict-man vs. societyC.internal conflict-man vs. self I need some help in this question Each pound of fruit costs $4. Write an expression that shows the total cost of the fruit. Use the variable you identified in question 1. Btw the variable I used was "f". in circle P, what is the measure of ADB? what is drought?what problem can cause?