The following information is from the Income Statement of the Vaughn Laundry Service:

Revenues

Service Revenues: $7800
Expenses Salaries and wages expense: $2940
Advertising expense: 600
Rent expense: 360
Supplies expense: 240
Insurance expense: 120
Total expenses: 4260

Net income: $3540

The entry to close the Laundry Service Revenue account includes a:

a. credit to Service Revenue for $7800.
b. debit to Income Summary for $7800.
c. debit to Retained Earnings for $7800.
d. debit to Service Revenue for $7800.

Which of the following actions is most likely to result in a decrease in the money supply? a. the required reserve ratio for banks is decreased. b. the discount rate on overnight loans is lowered. c. the federal reserve bank buys treasury bonds. d. the government sells a new batch of treasury bonds. 2b2t

States that if there is no specific employment contract saying otherwise, the employer or employee may end an employment relationship at any time, regardless of cause. rule of fair treatment due-process policy rule of law employment flexibility employment at will

Coca-cola was primarily known for its core competencies in marketing, bottling, and distributing aerated drinks. however, with the success of gatorade, coca-cola developed competencies in the development and marketing of its own sports drink, powerade. which of the following is true of coca-cola? a. it is leveraging existing core competencies to improve current market position. b. it is building new core competencies to protect and extend its current market position. c. it is redeploying and recombining existing core competencies to compete in markets of the future. d. it is targeting the chasm between the early adopter and early majority market segment.