suppose you purchase a call option on xyz stock when the stock price is $81. the option premium is $3, and the strike price is $85. what is your net profit on the call option if the stock price is $89 at maturity?

Answers

Answer 1

If the stock price is $89 when the call option matures, the net profit is $1. A stock price is the price at which one share of a corporation would be purchased.

What is Stock Price?

The value of a share fluctuates over time in reaction to market circumstances rather than remaining constant. Only the stock price of a company can tell you what it is currently worth or what it is worth in the market. As a consequence, the price represents the stock's market worth or the agreement between a seller and a buyer on a price. When there are more purchasers than sellers, the stock price will increase.

Calculation of net profit:

Net profit = stock price at expiry- break even point

Break even point= strike price+premium= 85+3= 88

Net profit= 89-88= 1

Net profit= $1

To know more about stock price, visit:

https://brainly.com/question/28539863

#SPJ1


Related Questions

a​ ________ is a multinational company that has a global scope and does not consider any particular country as its​ base, home, or headquarters.

Answers

Answer:

A multinational corporation (MNC)

Explanation:

A multinational corporation (MNC) is a multinational company that has a global scope and does not consider any particular country as its base, home, or headquarters. MNCs have operations and subsidiaries in multiple countries and are involved in a variety of activities such as production, research and development, marketing, and distribution. These companies are typically characterized by their large size, global reach, and the ability to generate significant economic and political influence. Some well-known examples of MNCs include Coca-Cola, McDonald's, and Microsoft.

The Maori are the people indigenous to _____.

Answers

Answer:

CHINAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

Explanation:

Answer:new Zealand  

Explanation:

your slow

What is the difference between conforming and non conforming loans?

Answers

The difference between conforming and non conforming loans is loan limits.

How do conforming and non conforming loans differ ?

One of the key differences between conforming and non-conforming loans is the loan limit. Conforming loans are limited to a maximum loan amount, which varies depending on the location of the property. Non-conforming loans, on the other hand, have higher loan limits and can be used to finance more expensive properties.

Conforming loans have more standardized underwriting standards and are typically easier to underwrite, while non-conforming loans often require more documentation.

Find out more on non - conforming loans at https://brainly.com/question/28342268

#SPJ1

stana, incorporated, has preferred stock outstanding that sells for $93.23 per share. if the required return is 3.51 percent, what is the annual dividend?

Answers

The annual dividend on the preferred stock of Stana, Incorporated is $3.27 per share.

The price of a stock is determined by the market demand and supply for the stock, and it reflects the market's expectation of the stock's future performance. The required return on a stock is the minimum rate of return that an investor expects to receive from investing in the stock, and it reflects the investor's assessment of the risk of the stock.

To calculate the annual dividend on the preferred stock of Stana, Incorporated, we can use the formula:

Annual dividend = Preferred stock price x Required return

Substituting the given values, we get:

Annual dividend = $93.23 x 0.0351 = $3.27 (rounded to the nearest cent)

Therefore, the annual dividend on the preferred stock of Stana, Incorporated is $3.27 per share.

To learn more about stock please click on below link.

https://brainly.com/question/29992015

#SPJ4

if a mortgage lender intends to yield 5 3/8 percent on a 30-year loan and charges 4 3/4 percent interest, how many points should the lender charge? (assuming 8 points to increase the yield 1 percent)

Answers

In this case, the general rule is that for 30-year loans, regardless of the initial loan size, one point is approximately equivalent to 1/8% interest, or.125.To get to.375, we just multiply 3 by 1/8th, or 0.125. The effective yield is then calculated by adding that 0.375 to 8% to arrive at an answer of 8.375%.

What is meant by a mortgage lender ?

With the use of a mortgage, a lender can legally seize your house if you don't pay back the money they loaned you in accordance with the terms you agreed upon.

Depending on how much you borrow and the interest rate you are approved for, your mortgage payment is spread out over a specific number of years.You must pay interest and principle each month.

Learn more about mortgage lender , from :

brainly.com/question/29095062

#SPJ1

humphries has cash of $10,000, accounts receivable of $2,500, accounts payable of $900, and inventory of $1,200. what is the value of the quick ratio?

Answers

The value of the quick ratio is 13.89 when Humphries has cash of $10,000, accounts receivable of $2,500, accounts payable of $900, and inventory of $1,200.

What is meant by quick ratio?

The quick ratio gauges a business' ability to settle its immediate debts without having to liquidate its inventory or seek out extra funding. It is viewed as a more restrained metric than the current ratio, which counts all current assets as coverage for current liabilities. The quick ratio commonly referred to as the liquidity ratio, is a sort of liquidity ratio used in finance that assesses a company's capacity to rapidly pay off its current liabilities using its near-cash assets or quick assets.

The Quick Ratio = Current Assets other than Inventory / Current Liabilities

Given:

= ($10000 + $2500 ) / $ 900

= $ 12500 / $ 900

= 13.89

The quick ratio is 13.89 times

To learn more about quick ratio, visit:

https://brainly.com/question/30403928

#SPJ1

while all brick-and-mortar retailers face the threat of amazon and online shopping in general, why did jcpenney perform so poorly while other re-tailers such as walmart, best buy, or target fared better?

Answers

JCPenney's planned blue ocean strategy was a failure, and the company instead sailed further into the violent competition's red ocean.

Briefing:-

Due of the inherent trade-offs in the underlying basic business strategies of cost leadership and differentiation, this emphasizes the risks of implementing a blue ocean strategy.

How come JCPenney failed?

The company had a heavy debt load and spent the previous ten years with a constant succession of CEOs, new shop designs that failed to pique customers' interest, and projects and rebrands that failed to connect with them. With total losses of $4.5 billion, the once-loved store has been unprofitable since 2010.

To Know more about shop designs

https://brainly.com/question/24606047

#SPJ1

financial institutions that specialize in assisting corporations in primary market transactions are called . group of answer choices pension funds mutual funds globalization specialists investment bankers

Answers

Investment banks are financial institutions that focus on supporting businesses with primary market transactions. Hence, the right answer is (D).

Who are investment bankers?

Investment banking is the term used to describe a number of activities carried out by a financial services firm or corporate division that involve advisory-based financial transactions on behalf of private persons, public companies, and governmental entities.

By underwriting or acting as the client's agent in the issuing of debt or equity instruments, a bank like this—which is typically connected with corporate finance—might help raise money.

Additionally, an investment bank may offer support services to businesses engaged in mergers and acquisitions (M&A), including market-making, trading derivatives and equity securities, FICC services (fixed income instruments, currencies, and commodities), and research (macroeconomic, credit or equity research).

Learn more about Investment Bankers, from :

brainly.com/question/17255368

#SPJ1

what is the proper adjusting entry at december 31, the end of the accounting period, if the balance in the prepaid insurance account is $8,750 before adjustment, and the unexpired amount per analysis of policies is $3,750?

Answers

The difference between the two amounts, $4,500, can be used as the amount being accounted for as insurance expense at the end of the period because there will be a balance of $3,250 after the adjusting entry.

Adjusting entrance is what?

Journal entries known as adjusting entries are used in accounting to place income and expenses on the appropriate time period. They are frequently made at the conclusion of a financial period. The revenue recognition concept is the cornerstone for correcting entries pertaining to unearned and accrued revenues in accrual-basis accounting.

They are sometimes referred to as balance day adjustments because they are completed on balance day. According to the matching principle of accrual accounting, revenues, and associated costs are recorded within the same accounting period. However, the actual money may be paid or received at a later time.

Learn more about adjusting entries with the help of the given link:

brainly.com/question/28903353

#SPJ1

Between a 14-Day EMA & 200-Day EMA, which tells us more about the short term trend of a security?

Answers

The 14-day EMA (Exponential Moving Average) tells us more about the short-term trend of a security, as it is calculated based on the prices over the last 14 trading days.

The 200-day EMA, on the other hand, is derived using prices from the previous 200 trading days and is frequently used to predict a security's long-term trend.

The EMA will be more sensitive to recent price fluctuations and will represent the short-term trend if the time frame used to compute it is shorter. The longer the time frame utilized to calculate the EMA, the more accurately it reflects the long-term trend.

Hence, in summary, the 14-day EMA informs us more about a security's short-term trend, whereas the 200-day EMA tells us more about its long-term trend.

For such more question on trading:

https://brainly.com/question/25818989

#SPJ4

the risks of doing business in countries that are facing revolutions ismultiple choice question.lower than in countries not facing revolutions.higher than in countries not facing revolutions.the same as countries not facing revolutions.not impacted by the threat of revolution.

Answers

The risks of doing business in countries that are facing revolutions is higher than in countries not facing revolutions.

What is business ?

The word "business" derives from the verb "to be busy," which refers to action. It consistently functions.

A person who produces items or provides services with the intention of selling them for a profit is engaging in business. Enterprise Defined. An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else.

Yes, it is generally true that the risks of doing business in countries that are facing revolutions are higher than in countries not facing revolutions. Revolutions can create significant economic and political instability, which can have a negative impact on businesses operating in those countries.

To know more about business here

https://brainly.com/question/15826604

#SPJ4

The Heckscher-Ohlin theory is based on the idea that
Multiple Choice
it makes more simplifying assumptions than the theory of comparative advantage.
it is in a country’s best interests to maintain a trade surplus.
economies of scale are a good predictor of real-world international trade patterns.
the pattern of international trade is determined by differences in factor endowments.
it is more profitable for a country to balance exports and imports.

Answers

The Heckscher-Ohlin theory is based on the idea that the pattern of international trade is determined by differences in factor endowments.

What is the Heckscher-Ohlin theory?

According to the theory, a country will tend to specialize in the production and export of goods that use its abundant factors of production, such as labor, capital, or natural resources, and import goods that use its scarce factors of production.

For example, if a country has abundant labor but scarce capital, it will tend to specialize in labor-intensive goods and export them, while importing capital-intensive goods. Conversely, a country that has abundant capital but scarce labor will tend to specialize in capital-intensive goods and export them, while importing labor-intensive goods. The theory predicts that trade will be mutually beneficial, as countries will be able to obtain goods that are relatively cheaper to produce in other countries, based on their factor endowments.

The Heckscher-Ohlin theory is based on the assumptions of perfect competition, identical production technologies, and the absence of trade barriers, and it is often contrasted with the theory of comparative advantage, which is based on differences in labor productivity.

To know more about Heckscher-Ohlin theory, check out:

https://brainly.com/question/30588657

#SPJ1

which of the following bond terms are generally negatively related to bond price volatility? i. coupon rate ii. maturity iii. ytm iv. convertibility

Answers

The correct answer is  i. coupon rate .The degree to bond price volatility of change in a trading price series over time, or volatility in finance, is commonly measured by the standard deviation of logarithmic returns.

The sign often represents volatility. The historic volatility is calculated using a time series of past bond price volatility market values. Implied volatility looks forward because it is produced from the market price of a market-traded derivative (in particular, an option).The term "volatility" as used here relates to actual volatility, specifically: The most recent price is used as the final observation in calculating the real present volatility of a financial instrument for a certain time frame (for example, 30 or 90 days). The calculation is based on prior prices across the time frame. the term "actual historical volatility" refers to a financial.

Learn more about bond price volatility :

https://brainly.com/question/28557243

#SPJ4

True or False. Nadir’s excellent technical skills allow him to work well in cooperation with others to get things done.

Answers

The answer is true, Nadir’s excellent technical skills allow him to work well in cooperation with others to get things done is true.

In plain English, what is cooperation?

A corporation is a legal body whose owner(s) elect a board of directors to manage the organization's affairs. Shareholders are not held accountable for the company's operations or financial state; rather, the corporation is.

What is cooperation, and what are examples?

In order to obtain outcomes, or to help one another out in order to accomplish a shared objective, people must cooperate. When someone delivers you a brick and you put it down, that is an example of collaboration. Assistance that is given voluntarily by a person, group, etc.

To know more about Cooperation visit:

https://brainly.com/question/9902152

#SPJ1

harmon clothing has a production facility located in venezuela. recently, harmon has been unable to arrange for overseas loans due to the burdensome regulatory policies of the venezuelan government. which type of political risk is harmon most likely experiencing?

Answers

skills if they want to come home. Under government policy, some of your children have been arbitrarily terminated because they have become "Urban Indians.

which type of political risk is harmon most likely experiencing?

Harmon clothing is likely experiencing a systematic political risk. A systematic political risk can be explained as the political events, decision or regulations which can negatively affect the growth or survival of a business or investment in a particular country. Systematic political risks may affect all segments of a country's market or it might be targeted towards a particular sector or market segment. Systematic political risk may stem from wholesale change in policies and regulation of the host government due to change of power or shift in major economic decisions or protocol.

To know more about Harmon visit:

https://brainly.com/question/14864722

#SPJ4

true or false: to date, all major trading nations have accepted the united nations convention on contracts for the international sale of goods.

Answers

False, While the United Nations Convention on Contracts for the International Sale of Goods (CISG) has been widely adopted by many countries, not all major trading nations have accepted it.

What is the UN Convention on the Sale of Goods Internationally?

A multilateral agreement that creates a common framework for global trade is the United Nations Convention on Contracts for the International Sale of Goods (CISG), sometimes known as the Vienna Convention. It has been ratified by 95 nations as of 2022, accounting for two thirds of global commerce.

What is the International Trade Law Convention of the United Nations?

With a mandate to advance the gradual harmonisation and unification of the law of international commerce, the United Nations Commission on International Trade Law (UNCITRAL) is the central legal authority of the United Nations system in this area.

To know more about United Nations Convention, visit:

brainly.com/question/19227575

#SPJ4

Identify the convention and special events management companies in the MICE industry?

Answers

Utilize these resources to learn more about businesses that are directly associated with MICE as well as businesses that benefit from MICE resources by supporting conferences and events.

Network for Trade Show News

The top internet source for the trade show, expo, and event industries is TSNN. With information on over 25,000 trade fairs, exhibits, public events, and conferences, TSNN.com owns and runs the most frequently used event database on the Internet.

Factiva

Online full-text service for business and international news. covers more than 28,000 sources across 23 languages and over 150 nations.

Enterprise Source Full

More than 1,800 peer-reviewed business periodicals are available in full text through Business Source Complete, along with full text for scholarly business journals and other sources.

Learn more about MICE here :

https://brainly.com/question/20662365

#SPJ4

a tax on buyers will shift the a. demand curve upward by the amount of the tax. b. demand curve downward by the amount of the tax. c. supply curve upward by the amount of the tax. d. supply curve downward by the amount of the tax.

Answers

The supply curve will be shifted lower by the tax's amount if there is a tax on consumers.

What is supply curve ?

A supply curve is a graph that illustrates how a change in a product's price impacts the volume of supplies a seller provides. The horizontal x-axis displays the quantity supplied, while the vertical y-axis displays the price. The supply curve often depicts an upward-sloping line or curve to demonstrate that when prices rise, supply rises along with them. The law of supply is the name for this theory. Market supply curves are used when a supply curve describes a whole competitive market as opposed to just one supplier.

To learn more about supply curve click,

https://brainly.com/question/11717727

#SPJ1

the buyer and seller are negotiating an offer. during the final stages of negotiations, the buyer crosses out part of the paragraph that states the seller has the right to continue to show the property and receive, negotiate, and accept back-up offers, and the seller agrees. what are the implications?

Answers

A revolution. unilateral agreement. An offer is being discussed between the buyer and the seller.

Briefing:-

A portion of paragraph 19 that specifies that the seller has the right to continue showing the property and to solicit, consider, and accept backup offers is crossed out by the buyer and the seller during the closing stages of the negotiation.

What is the name of the strategy used to negotiate a deal that is acceptable to both the buyer and the seller?

By the communication process of negotiation, two parties—each with their own goals and points of view—seek to come to an amicable agreement on an issue of shared interest.

A deal wherein one party commits to provide a performance in exchange for the other is what kind of contract?

A bilateral contract is a legally binding arrangement between two parties wherein each exchanges commitments to carry out and complete one term of the agreement.

To Know more about communication

https://brainly.com/question/22558440

#SPJ1

who developed many beauty and hair care products in business in 1906?

Answers

Madam C.J. Walker developed many beauty and hair care products in business in 1906

Madam C.J. Walker, an American entrepreneur, founded a highly successful hair care business in the 19th century. She formed the Madam C.J. Walker Manufacturing Company and developed the Fabulous Hair Grower, a coconut-oil and sulphur mixture, to treat Black women's scalps and hair. Sales for the Madam C.J. Walker Manufacturing Company peaked at $50,000 (the equivalent of $10 million today) per year. Walker's strategies resembled a number of modern marketing strategies, particularly those used in the cosmetics sector, including incorporation, a sales staff of well-paid agents, shrewd public relations, and self-promotion. One of the first millionaires who identified as female and African American, Madam Walker was also a humanitarian and a proponent of Black rights.

To learn more about Madam C.J. Walker refer here:

https://brainly.com/question/30716342

#SPJ4

g suppose the interest rate is 10%. what is the present value of payoffs from the insurance contract to the contract buyer?

Answers

To determine the present value of payoffs from an insurance contract, we need to know the specific terms of the contract, including the timing and amount of payments.

How the present value is calculated from insurance contract?

Assuming the insurance contract involves a single payment of $100 one year from now and an interest rate of 10%, we can calculate the present value of the payment as follows:

PV = FV / (1 + r)^n

where PV is the present value, FV is the future value or payment, r is the interest rate, and n is the number of periods. In this case, n is one year.

Plugging in the numbers, we get:

PV = $100 / (1 + 0.10)^1

PV = $90.91

Therefore, the present value of the $100 payment one year from now at an interest rate of 10% is $90.91. This means that the contract buyer would be willing to pay up to $90.91 for the insurance contract to break even in present value terms.

To know more about adjusted gross income check out:

https://brainly.com/question/15904086

#SPJ4

Prepare a physical unit flow reconciliation with the following information. Blending process units of product beginning work in process inventory 170,000 units started this period 360,000 units completed and transferred out 390,000 ending work in process inventory 140,000Physical unit flow reconciliation Units accounted for: Units to account for:

Answers

To prepare a physical unit flow reconciliation, we need to account for all the units involved in the blending process. Units accounted for are 530000 units.

Here's the information given and the calculations we can make:

Beginning work in process inventory: 170,000 units
Units started this period: 360,000 units
Total units to account for: 170,000 + 360,000 = 530,000 units
Units completed and transferred out: 390,000 units
Ending work in process inventory: 140,000 units
Units accounted for: 390,000 + 140,000 = 530,000 units
Therefore, the physical unit flow reconciliation is as follows:


Units accounted for: 390,000 units (completed and transferred out) + 140,000 units (ending work in process inventory) = 530,000 units

Units to account for: 170,000 units (beginning work in process inventory) + 360,000 units (started this period) = 530,000 units

To know more about reconciliation here

https://brainly.com/question/29097188

#SPJ4

What is the moral hazard problem in the insurance business?

Answers

Simply put, there is a moral hazard in insurance when the borrower knows that the insurer will be held accountable for his errors. This then spurs him on to do more risky things.

The term used to describe this economic concept is moral hazard.Insurance companies regularly emphasise that by making payments to cover accident losses, they could unintentionally be promoting risk-taking. They frequently end up having to pay out more in claims as a result of this. The borrower might engage in activities that the lender would deem objectionable in the financial market. This is due to the fact that those actions make him less inclined to pay back a debt.For instance, the insurance provider worries about a "don't.When one party in a trade has more accurate knowledge than the other, this is referred to as a "adverse selection." A party with less data is therefore at a disadvantage to a party with more data.The cost and quantity of the goods and services offered suffer from this disparity. In a commercial economy, prices are the primary means of transmitting information, hence poor price signals frequently lead to adverse selection.Consider two individuals: one who smokes and does not exercise, and the other who abstains from smoking and exercises. It is well known that those who smoke and don't exercise will live shorter lives than people who don't.

Learn more about insurance:

https://brainly.com/question/27822778

#SPJ4

Click this link to view O*NET’s Work Contexts section for Lawyers. It describes the physical and social elements common to this work. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are some common work contexts for Lawyers? Check all that apply

Answers

According to O*NET, some common work contexts for Lawyers are

Provide clients with counsel and representation in legal proceedings and before public authorities.maintain open lines of communication with their clients, coworkers, judges, and other case participants.What are Lawyers?

Lawyers are referred to as individuals who possess a career in law and have education and expertise in various domains of legislation and helps their client to deal with legal issues. They are also called Advocates.

In court and in private legal complications, they offer advice and help them escape. In order to design a case argument, they interact with their clients, coworkers, and other parties engaged in the case. They also conduct research on legal issues and analyze them.

Learn more about  Lawyers, here:

https://brainly.com/question/13477573

#SPJ1

Answer:

importance of being exact or accurate

telephone

indoors, environmentally controlled

letters and memos

the federal government's demand for loanable funds is . if the budget deficit is expected to increase, the federal government's demand for loanable funds will . a. interest-elastic; increase b. interest-inelastic; increase c. interest-inelastic; decrease d. interest-elastic; decrease

Answers

The need for loanable funds is being expressed by the federal government. If a growing budget deficit is predicted, the federal government will need more loanable funds. growth in interest-elasticity.

The required details about  loanable funds is mentioned in below paragraph.

The conventional method, which only predicated the interest rate on saving and investing, now includes bank credit thanks to the loanable funds concept. Due to the banking industry's capacity to generate credit out of thin air, the overall amount of credit available in an economy may exceed individual saving. The creation or destruction of fiat money and credit also affects saving and investment habits, as well as the equilibrium (or market) interest rate. The market interest rate will, if the banking sector increases credit, at least temporarily decrease.

To learn about  loanable funds visit here.

https://brainly.com/question/5921768

#SPJ1

which stage of the marketing research process should walmart marketers complete next? reporting research findings collecting data locating and defining issues or problems interpreting research findings

Answers

Therefore, analysing and summarising the data, which includes interpreting research findings, should be the next task for Walmart marketers. Typically, the process of gathering data begins with a survey of any recent studies and information that provide data or expertise about the problem.

Which stage of conducting marketing research uses data analysis?

Analysis and Findings Reporting. The process of turning primary and/or secondary data into knowledge and insights that address the research questions is known as analysis of the market survey data.

Identifying the issue or the topic your study is attempting to address comes first in the marketing research process. Next comes creating a research plan to address that issue, gathering and evaluating the data, and finally delivering a report.

To know more about marketing research, refer:

https://brainly.com/question/28589365

#SPJ1

The 5s technique is used on the tarmac at Alaska Airlines to
A. arrange baggage as it is moved to the plane.
B. mark location of ground equipment.
C. organize the galley.
D. position ground staff.

Answers

The 5s technique is used on the tarmac at Alaska Airlines to mark the location of ground equipment. The correct option is B.

What is the 5S motto?

The emphasis is on "Safety First" in all of the other 5S steps. Many businesses have implemented 5S in all aspects of their operations. When 5S is implemented as part of a larger Lean initiative within an organization, the greatest benefits are usually realized.

The fourth of the 5S's is standardization, which involves putting systems in place to ensure that everyone does things the same way. The sorting methodology should be standardized, as should the approach to Set in Order, and Shine in particular.

Thus, the ideal selection is option B.

Learn more about The 5s technique here:

https://brainly.com/question/13773004

#SPJ1

when a tax is placed on the buyers of a product, buyers pay a. more and sellers receive more than they did before the tax. b. more and sellers receive less than they did before the tax. c. less and sellers receive more than they did before the tax. d. less and sellers receive less than they did before the tax.

Answers

Answer:

What ? yo no se xd xxxxxxxxxxxxd

how will the labor market change, ceteris paribus, from the following event? select the best answer. life expectancy increases from historical trends.

Answers

If the life expectancy of labours increases from historical trends then there would be no effect on labour market.

The supply and demand for labour, wherein employees give the supply and employers provide the demand, are referred to as the labour market, also referred to as the job market. It is a crucial part of every economy and is closely connected to the markets for capital, goods, and services.

Supply and demand are impacted at the macroeconomic level by both domestic and global market dynamics, as well as elements like immigration, population ageing, and educational attainment. Unemployment, productivity, participation rates, total income, and gross domestic product are important metrics (GDP).

Visit here to learn more about demand: https://brainly.com/question/29892538

#SPJ4

the closing entry for expenses includes a debit to: multiple choice dividends and a credit to all expense accounts. revenues and a credit to retained earnings. revenues and a credit to all expense accounts. retained earnings and a credit to all expense accounts.

Answers

Revenues and a credit to all expense accounts a closing entry is a journal entry made at the end of an accounting period to transfer balances from a temporary account.

The basic sequence of closing entries is as follows Debit all revenue accounts and credit the revenue summary account,thus settling the balances in the revenue accounts.Credit all expense accounts and debit the income summary account, thus eliminating balances on all expense accounts.The closing entry for dividends involves a debit to Retained Earnings and a credit to Declared Dividends.Closing entries are journal entries made at the end of accounting periods that involve the transfer of temporary accounting data from temporary income statement accounts to permanent accounts.Temporary accounts include income,expenses,and dividends.This becomes an important financial record for future reference. It is used to create financial statements.It is also known as the second entry book.

To learn more about expense accounts please click on below link.

https://brainly.com/question/14524895.

#SPJ4

Other Questions
write an expression for a triangle where side 1 is an unknown length . side 2 is twice side 1 and side 3 is 4 centimeters longer than side 1 . Place the folowing events in the order they mightocur once rent control isimplemented in a crowded, impoverished neighborhood. Start by clicking the first item in the sequence or dragging it here Drag the items below into the box above in the correct order, starting with the first item in the sequence Apartment rental prices are capped by the local government Property owners cannot afford to maintain buildings properly Property owners receive less income from their properties Many apartment buildings become dilapidated Isabel wants to pour 90.45 grams of salt into a container. So far, she has poured 55.2 grams. How much more salt should Isabel pour? an ecologist estimated 800 star-nosed moles, condylura cristata, per square mile in one woodlot and 1,600 per square mile in another woodlot. what was the ecologist comparing? The 5s technique is used on the tarmac at Alaska Airlines toA. arrange baggage as it is moved to the plane.B. mark location of ground equipment.C. organize the galley.D. position ground staff. What are some functional and aesthetic qualities in Shigeru Ban's design? What was the relationship between Nazi Germany and the Soviet Union by the time the Japanese attacked Pearl Harbor on December 7, 1941 (select all that apply)?a) Because Nazi Germany and the Soviet Union had signed a non-aggression pact in 1939, their relationship had not changedb) The Germans and other Axis Powers had invaded the Soviet Unionc) The Soviet Union had joined the Axis Powers and was extending German reach into North Africad) German forces had advanced deep into Soviet territory 1. tener: 2. conocer: 3. buscar: 4. ir: 5. ser: Which statement best describes how Williams's poem represents the painting? Williams clarifies historical detail by describing the time period. Williams offers social commentary by critiquing farm labor practices.O Williams narrates the scene by describing characters'actions. Williams brings the farm to life by quoting dialogue and sounds. . How do societal attitudes of developed countries differ from those of undeveloped countries? Julieta is using the dot plots to compare two sets of data. Both plots use the same number line. What is the difference between the mean of each data set?Math item stem imageCLEAR CHECK57911NEXTCLOSEReferencecalculatorformulasglossaryCLOSELanguageChanges the language of the audio snippets and the glossaryENGLISH Dani leaves her house at 08 00 she drives 63 miles to work she drives at an average speed of 27 miles per hour at what time does dani arrive at work 4. How many Grand Slam tournaments are there in professional tennis each year?O A. 20OB. 10OC.2O D.4 a woman is a carrier for a sex-linked lethal gene that causes spontaneous abortions. she has nine children. how many do you expect to be boys? Can someone help me with this question i dont get it Whats the correct answer answer asap for brainlist what's the slope on the coordinate plane Each worker at a store gets paid $15.90 for that first 40 hours worked. After 40 hours, they earn time and a half wages. Every employee has a 28% of his/her gross pay deducted for taxes, insurance etc. how much of a net pay does each worker take home? Who built a canal connecting the Mediterranean Sea to the Red Sea? The lineage that leads from the last common ancestor of chimps and humans to living humans contains all the species in thesuperfamily Hominoideagenus Astralopithecusfamily Hominidaegenus Homotribe Homininae