3 Select the correct answer.
Edgar needs to close out $670 in the dividends account at the end of the year. What closing entry will he use?
A.
Income summary (debit) 670; Dividends (credit) 670
OB
Retained earnings (debit) 670; Dividends (credit) 750
Dividends (debit) 670; Income summary (credit) 750
Ο Ο Ο
Revenue (debit) 670; Dividends (credit) 670
E.
Cash (debit) 670; Dividends (credit) 670
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You wish to retire in 13 years, at which time you want to have accumulated enough money to receive an annual annuity of $23,000 for 18 years after retirement. during the period before retirement you can earn 9 percent annually, while after retirement you can earn 11 percent on your money. what annual contributions to the retirement fund will allow you to receive the $23,000 annuity? use appendix c and appendix d for an approximate answer, but calculate your final answer using the formula and financial calculator methods.

Scoresby co. uses 6 machine hours and 2 direct labor hours to produce product x. it uses 8 machine hours and 16 direct labor hours to produce product y. scoresby's assembly and finishing departments have factory overhead rates of $240 per machine hour and $160 per direct labor hour, respectively. how much overhead cost will be charged to the two products? a. product x = $1,440; product y = $2,560 b. product x = $1,760; product y = $4,480 c. product x = $3,200; product y = $9,600 d. product x = $800; product y = $800

What percentage of hard rock's profit is derived from retail shop sales?