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Business, 28.09.2020 14:01 andreastyles1603
High Step Shoes had annual revenues of $199,000, expenses of $110,700, and dividends of $23,600 during the current year. The retained
earnings account before closing had a balance of $311,000. The entry to close the Income Summary account at the end of the year, after
revenue and expense accounts have been closed, is:
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Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to:
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High Step Shoes had annual revenues of $199,000, expenses of $110,700, and dividends of $23,600 duri...
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