Dogwood, Inc. earned revenues of $11,000 and incurred expenses of $7,500. The company declared and paid cash dividends of $2,000. What is the balance in the Income Summary account prior to closing net income or loss to the Retained Earnings account?
A) debit balance of $3,500
B) debit balance of $1,500
C) credit balance of $3,500
D) credit balance of $11,000
C .Revenue $11,000
Expenses - 7,500
Net Income $3,500
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In a short essay, discuss t-test, the t statistic, and the t distribution
What will be an ideal response?
In MDS, at minimum, ________ brands or stimuli should be included so as to obtain a well-defined spatial map. Including more than ________ brands is likely to be cumbersome and may result in respondent fatigue
A) 6; 20 B) 6; 25 C) 8; 20 D) 8; 25
Norr and Caylor established a partnership on January 1, 2017. Norr invested cash of $100,000 and Caylor invested $30,000 in cash and equipment with a book value of $40,000 and fair value of $50,000. For both partners, the beginning capital balance was to equal the initial investment. Norr and Caylor agreed to the following procedure for sharing profits and losses:- 12% interest on the yearly beginning capital balance- $10 per hour of work that can be billed to the partnership's clients- the remainder divided in a 3:2 ratioThe Articles of Partnership specified that each partner should withdraw no more than $1,000 per month, which is accounted as direct reduction of that partner's capital balance.For 2017, the partnership's income was $70,000. Norr had 1,000 billable hours, and
Caylor worked 1,400 billable hours. In 2018, the partnership's income was $24,000, and Norr and Caylor worked 800 and 1,200 billable hours respectively. Each partner withdrew $1,000 per month throughout 2017 and 2018.Determine the amount of net income allocated to each partner for 2018. (Round all calculations to the nearest whole dollar.) What will be an ideal response?
Answer the following statements true (T) or false (F)
1. When commemorating a special event in an epideictic presentation, a speaker should always do so in a highly formal manner. 2. An informative speech seeks to increase the audience’s understanding about a topic. 3. A speaker who uses humor during a serious event and offends the audience most likely failed to effectively consider the occasion. 4. When someone asks you to give a presentation, it is perfectly okay to ask the person about the location and the setup. 5. Generally, a larger audience reflects a more casual occasion, whereas a smaller audience reflects a more formal occasion.