Modifying is not a feature of Pivot Tables. Pivot Tables are a powerful feature in spreadsheet software, such as Microsoft Excel, that allow users to summarize and analyze large datasets.
The main features of Pivot Tables include subtotaling (calculating sums, averages, counts, etc.), filtering (selecting specific data to include/exclude), and sorting (arranging data in ascending or descending order). Modifying, in the context of Pivot Tables, is not a distinct feature but rather a general term that can encompass various actions, such as changing the layout or structure of the Pivot Table, adjusting calculations or formulas, or updating the source data.
To learn more about spreadsheet, https://brainly.com/question/30585207
#SPJ11
why can herbal industry florish in nepal? give reason
The herbal industry in Nepal can flourish because of the widespread availability of medicinal herbs, plants, and shrubs endemic to the country's terrain.
Other reasons-Additionally, the traditional system of medicine that has been practiced in Nepal for centuries provides an established market for medicinal plants. Furthermore, Nepal is located in a region known for its abundance of biodiversity, providing many natural resources which can be used for the expansion of this industry.
Herbs, usually found at altitudes above 3,000 meters, are thought to be rich in natural chemicals. “Because there is no mechanism to label and provide specifications, the country loses huge revenue potential every year,” Bhandari said, adding that the turmeric found in Nepal could be used as a food product if attention is paid to packaging and marketing, added that it can also secure a good market in Europe.
To know more about Nepal and herbal industry-
https://brainly.com/question/27137295
#SPJ1
On October 16, 2017, Bloomberg News reported on the Supreme Court's decision to take a case on American Express credit card fees. There you could read that "[Merchants pay] $50 billion in fees to credit-card companies each year." Those fees come from the "the 'astronomical number' of credit-card transactions each year -- 22 billion totaling more than $2 trillion in 2011." [R270]
In June of 2018 the Court sided with American Express, ruling that the company could demand that merchants not ask customers to use a different credit card. [R271]
(a) Does the figure "22 billion transactions per year" make sense?
(b) What is the average dollar value of a credit card transaction? Does your answer seem reasonable?
(c) The average you computed in the previous question is the mean. Would you expect the mean and mode to be smaller or larger? Why?
(d) What is the average percentage fee charged merchants for credit card transactions?
(a) The figure of "22 billion transactions per year" mentioned in the Bloomberg News article does seem plausible. Credit card transactions are widely used for various purchases, including everyday expenses, online shopping, and larger transactions. Given the widespread adoption of credit cards and the high volume of consumer spending, it is reasonable to assume that billions of credit card transactions occur annually.
(b) To determine the average dollar value of a credit card transaction, we can divide the total value of transactions ($2 trillion) by the number of transactions (22 billion):
Average dollar value of a credit card transaction = $2 trillion / 22 billion
Calculating this, we find that the average dollar value of a credit card transaction is approximately $90.91.
This figure seems reasonable because credit card transactions can vary significantly in value. Some transactions may be small, such as buying a cup of coffee, while others may involve larger purchases like electronics or travel expenses. The average value reflects a balance between these different transaction sizes.(c) The mean (average) and mode represent different measures of central tendency. The mean is the arithmetic average, while the mode represents the most frequently occurring value in a set of data.In this case, we cannot determine the mode of the dollar values of credit card transactions based on the information provided.
However, it is reasonable to expect that the mean (average) value of credit card transactions ($90.91) would be larger than the mode because there will likely be a wide range of transaction values, including both small and large amounts. The mode would likely represent a value that appears frequently but may not capture the overall distribution of transaction values.
(d) The information provided does not specify the exact percentage fee charged to merchants for credit card transactions. Therefore, we cannot calculate the average percentage fee directly from the given data. To determine the average percentage fee, we would need more specific information about the fee structure, including the rates charged by credit card companies for different types of transactions and merchant categories.
To know more about Bloomberg
Visit https://brainly.com/question/33188450
#SPJ11
HELP ASAP
A company had sales revenue of $1,000,000 last year. Its operating expenses were $100,000 and its income tax expense was
$10,000. Additionally, the company had $20,000 in sales returns and cost of goods sold of $500,000. What was its gross profit?
Answer: 480,000
This should be the gross profit, but if I'm wrong please let me know and ill try to fix it. :)
If the two countries have the same amount of resources and the same technological knowledge, which country has an absolute advantage in the production of popsicles
Answer:neither does
Explanation:
Which strategic is phase consists of a concise statement that captures what the planning team believes should be the role of is resources in the firm?
The phase of developing a concise statement that captures what the planning team believes should be the role of IS resources in the firm is known as the information systems vision.
The correct option B.
What exactly is the vision of information systems?An "IT vision" is a broad strategy for managing information technology (IT) departments and functions within business environments.
What exactly is a strategic vision for IT?The mission statement is augmented and enlarged upon by a strategic vision statement. It describes an organization's attainable future state—exact timelines vary, but typically range from three to ten years. This statement should assist you and your employees in visualizing the direction of the organization.
To know more about information systems vision visit:
https://brainly.com/question/15012726
#SPJ4
I understand that the question you are looking for is:
The IS planning process typically happens in five phases. Which phase consists of developing a concise statement that captures what the planning team believes should be the role of IS resources in the firm?
a. Information systems guidelines
b. Information systems vision
c. Strategic initiatives
d. Governance
What are the two things that a new business owner should keep in mind when defining a cutomer base?
When defining a customer base, a new business owner should keep in mind the target market and the unique value proposition they offer to customers.
When defining a customer base, a new business owner should keep in mind the following two things:
1. Target Market: It is essential to identify the specific group of customers that the business aims to serve. This involves understanding the demographics, characteristics, needs, and preferences of the target market. By defining a target market, the business owner can tailor their products, services, marketing efforts, and customer experience to better meet the needs of that particular group.
2. Customer Value Proposition: The business owner should consider the unique value or benefit that their products or services offer to the target market. This involves understanding the competitive landscape, identifying what sets their business apart, and determining how they can deliver value to customers in a way that differentiates them from competitors. Developing a strong customer value proposition helps attract and retain customers by offering something that meets their needs or solves their problems effectively.
By keeping these two aspects in mind, a new business owner can focus their efforts, resources, and strategies on attracting and serving the right customers effectively, leading to better customer satisfaction, loyalty, and business success.
To know more about customer base, refer here:
https://brainly.com/question/31787903
#SPJ4
shares of stock owned by an individual but held in a brokerage firm's name for ease of trading are said to be held in street name. question content area bottom part 1 true false
Shares of stock owned by an individual but held in a brokerage firm's name for ease of trading are said to be held in street name. The given statement is True.
In a brokerage account, shares of stock owned by an individual, but held in the name of the brokerage firm, are said to be held in street name. This system makes it easier to trade securities. When an individual owns shares of a company, those shares are registered in the name of that individual.
This individual, also known as the beneficial owner, holds the shares. The majority of investors, however, prefer to keep their shares in a brokerage account. When shares are kept in a brokerage account, they are held in the name of the brokerage firm. This is done for convenience, and it is referred to as holding the shares in street name.
One of the primary advantages of holding shares in street name is that it simplifies the trading process. Rather than having to request that shares be transferred from the owner's name to a broker's name every time a trade is made, the brokerage firm may simply sell the shares from its own account. The brokerage firm then credits the proceeds from the sale to the account of the investor. This is especially useful in cases where a quick sale is necessary, or when a day trader needs to make frequent trades.
So, the statement "Shares of stock owned by an individual but held in a brokerage firm's name for ease of trading are said to be held in street name" is True.
To learn more about brokerage visit:
https://brainly.com/question/14898119
#SPJ11
a business should strive to build and maintain positive relationships with customers/clients because the quality of these relationshipsgroup of answer choicesinfluences benefits.stimulates quotas.affects sales.creates motives.
A business should strive to build and maintain positive relationships with customers/clients because the quality of these relationships affects sales and influences benefits.
Building and maintaining positive relationships with customers/clients is crucial for a business due to the various benefits it brings. The quality of these relationships directly influences sales by fostering customer loyalty, repeat business, and positive word-of-mouth recommendations. Additionally, positive customer relationships can lead to various benefits, such as increased customer satisfaction, trust, and long-term partnerships. By prioritizing customer relationship management, businesses can create a positive reputation, enhance customer loyalty, and ultimately drive their sales and overall success.
To know more about customer relationship management, click here: brainly.com/question/33122518
#SPJ11
What is importing??????????????
Answer:
An import is a good or service bought in one country that was produced in another. Imports and exports are the components of international trade. If the value of a country's imports exceeds the value of its exports, the country has a negative balance of trade, also known as a trade deficit .
Explanation:
100 on edge
As a business consultant, write a report to the chief executive of your own national airline discussing the process of outsourcing and recommending whether
all non-core activities should be outsourced
Answer:
0 min
Explanation:
sanaollbisbeisnns
When janelle decided to buy a new computer, she thought about all the brands she could recall seeing advertised, but when she visited her local best buy, she limited her search to only those brands she would consider buying. the brands available at best buy represent janelle's set.
Situational influences are transient circumstances that have an impact on consumer behavior.They include tangible elements like a store's layout, buying areas, music, lighting, and even odors.Businesses work to improve the physical conditions that shoppers encounter.
What are the situational factors that could alter the consumer decision making at the time of purchase?The likelihood that someone will go through all six stages of the purchasing process is probably limited to specific circumstances, such as when purchasing a thing for the first time or when purchasing expensive, durable, infrequently used items.Complex decision-making is what is meant when this occurs. Which of the aforementioned purchases would consumers be most likely to make with limited problem-solving.A regular coffee drinker's typical purchase is generally coffee to go.But problem solving skills will likely be reduced as a result of college courses. Physical surroundings, social surroundings, temporal perspective, task description, and antecedent state are the five components that make up situational factors. There are four different forms of consumer behavior: complex buying behavior, dissonance reduction, variety seeking, and habitual buying behavior. Consumer decision-making can appear complicated, but all buyers follow the same fundamental stages to choose the goods and services that will best meet their needs.Whether purchasing something, especially when it's something substantial like a car, consider your own thought process. When acquiring high-involvement products, buyers don't exhibit routine response behavior.Instead, they participate in what is known as prolonged problem solving, spending a lot of time weighing various factors such product features, costs, and warranties.To learn more about decision making refer
https://brainly.com/question/1249089
#SPJ4
What are the three signs of workplace discrimination?
Answer:
Inappropriate Questions During a Job Interview.
Lack of Diversity.
Harsh or Demeaning Communications.
Unequal Pay.
Unfair Promotions.
Unjust Disciplinary Actions.
The Takeaway.
Explanation:
For tax porposes, you may nave to report the value of your assets, such as cars of religerators The value yod tepod diops with time. Strighit line depreciatiod" assumes that the value is a inear Value o dedas
Straight-line depreciation assumes that the value of assets depreciates evenly over time, following a linear decline.
Straight-line depreciation is a commonly used method for estimating the decline in the value of assets for tax purposes. Under this approach, it is assumed that the asset's value decreases at a constant rate over its useful life. In other words, the asset's value depreciates in a linear fashion. For example, if you have a car or a refrigerator, the straight-line depreciation method assumes that the asset's value will decrease by the same amount each year.
To calculate straight-line depreciation, you need to determine the initial value of the asset and its useful life. Then, you divide the difference between the initial value and the estimated salvage value (the value at the end of its useful life) by the number of years of the asset's useful life. This gives you the depreciation expense that can be deducted for tax purposes each year.
It's important to note that the straight-line depreciation method may not accurately reflect the actual decline in value for certain assets. Some assets may depreciate more rapidly in the early years and slow down later, while others may experience different patterns of depreciation. However, straight-line depreciation provides a simplified and consistent approach for reporting asset values for tax purposes.
Learn more about expense here:
https://brainly.com/question/29850561
#SPJ11
Maple Company just paid an annual dividend of $1.48 on its common stock and increases its dividend by 2.2 percent annually. What is the rate of return on this stock if the current stock price is $29.60 a share
Answer:
1.554 is the rate return on the stork....................
A company's pr efforts are often aimed at doing what? a. getting publicity. b. reducing press releases. c. getting more ads. d. comparing ad prices. please select the best answer from the choices provided a b c d
Answer:
b. reducing press releases
Explanation:
Press releases can be negative a lot of the time, so the PR works to reduce the negativity brought by the press about the company.
a 10% increase in income leads to a 15% decrease in the quantity of macaroni and cheese demanded but no change in the price of macaroni and cheese. from this information, we can assume:
If a 10% increase in income leads to a 15% decrease in the quantity of macaroni and cheese demanded but no change in the price of macaroni and cheese. from this information, we can assume: . macaroni is an inferior good and price elasticity of supply is infinite.
What are inferior goods?Inferior goods can be defined as those goods in which the demand for those goods decrease when the income increase.
Based on the scenario macaroni is consider an inferior goods because the price still remain the same while price elasticity of supply is infinite.
Therefore If a 10% increase in income leads to a 15% decrease in the quantity of macaroni and cheese demanded but no change in the price of macaroni and cheese. from this information, we can assume: . macaroni is an inferior good and price elasticity of supply is infinite.
Learn more about inferior goods here:https://brainly.com/question/20532958
#SPJ4
What is a product mix?
Product mix, also known as product assortment or product portfolio, refers to the complete set of products and/or services offered by a firm. A product mix consists of product lines, which are associated items that consumers.
For example, your company may sell multiple lines of products.Or your product lines may be vastly different, such as diapers and razors.
Which of these stores uses a fulfillment center? A: 7-11 B: Dunkin' Donuts C: Amazon D: Comet Dry Cleaner
Amazon uses a fulfillment center. Thus, option C is correct.
What is a fulfillment center?The order fulfillment center is typically seen as the customer of packaging, receptacles, or sections of canisters it employs to maintain, safeguard, and contain the products which it packages, loads, or sends to the representative of the product seller.
Organizations can subcontract purchase processing to Amazon using the Logistics by Amazon service. Manufacturers transport their goods to Amazon distribution centers, where we choose, package, and ship orders whenever customers make purchases.
Therefore, option C is the correct option.
Learn more about fulfillment center, here:
https://brainly.com/question/26413947
#SPJ1
what is transactions amount
Answer:
Transaction Amount means the total amount due to the state for any goods, service or license or anything else of value.
Suppose you are planning a summer vacation and book a hotel room online for $149 a night. However, when you get to the reservation screen, you are informed that you will be charged an additional $30 a night in various taxes that you have to pay to the hotel.
Indicate whether each of the given factors is likely to raise the economic burden of the tax for you or for the hotel. (for each of the following)
i- A hurricane recently ravaged the area, resulting in many vacancies at competing hotels.
ii- There are many other hotels in the area
iii- It is the peak of tourist season
iv- The hotel has unique architecture and is considered a historical landmark.
Answer:
iii
Explanation:
Most of the time hotels will charge more when more rooms are booked, so when you book your hotel room, and many rooms are booked, most people do get charged more.
A hurricane would raise the burden of tax on the hotel.
The availability of many hotels would raise the burden of tax on the hotel.
The peak of tourist season would raise the burden of tax on you.
As a result of the hotel's architecture, the burden of tax would raise on you.
What does the burden of tax mean?
Economic burden of tax refers to who pays more tax between the buyer and the seller. The economic burden of tax depends on the elasticities of demand of the consumer and the elasticities of supply of the supplier.
The party between the supplier and the consumer that has a more elastic demand or supply would bear less tax burden and the party that has a less elastic demand would bear more tax burden.
To learn more about tax burden, please check: https://brainly.com/question/26243174
Which of the following is a technological trend affecting consumer behavior?
O A. Using mobile devices
B. Having reference groups
O C. Meeting affiliation needs
O D. Evaluating purchases
Answer:using mobile devices
Explanation:
Which of the following is a CRM strategy used to earn more revenue from existing customers?
A) cross-selling
B) permission marketing
C) predictive analytics
D) foot-in-the-door technique
A CRM strategy used to earn more revenue from existing customers is cross-selling. Cross-selling is a CRM (Customer Relationship Management) strategy used to earn more revenue from existing customers. So option A is the correct answer.
CRM stratergy involves offering additional products or services to customers that complement or enhance their original purchase. By suggesting relevant add-ons or upgrades, businesses aim to increase the average transaction value and maximize the customer's lifetime value.
Cross-selling is based on understanding customer needs and preferences, allowing businesses to offer personalized recommendations and generate additional sales from their existing customer base.
Cross-selling strategy not only boosts revenue but also strengthens customer loyalty and engagement by providing customers with relevant and valuable options to enhance their overall experience. So the correct answer is option A) cross-selling.
To learn more about CRM strategy: https://brainly.com/question/29677767
#SPJ11
Which of the following creates a hazard for accidents in the kitchen?
a
Using a single door to enter and exit the kitchen area
b
Holding containers of liquid close to the body with both hands
c
Limiting the number of items that can be placed in bussing containers
d
Having windows on swinging doors
Answer:
the first condition
Explanation:
hope it helps you
Follow on insta for more help ankitakki45
thanks
select all that apply implementing activity-based costing . multiple select question. should be done by a cross-functional team should be done using existing, historical data that can be verified requires substantial resources requires taking employees away from other tasks
The options that are true for implementing activity-based costing include:
a) Should be done by a cross-functional team.
b) Should be done using existing, historical data that can be verified.
c) Requires substantial resources.
d) Requires taking employees away from other tasks.
What is activity-based costing?Activity-based costing (ABC) is a cost accounting approach that examines an organization's activities to determine its expenses. It is based on the theory that activities consume resources, and that the cost of a product or service is directly linked to the amount of activities that go into creating it. ABC is a relatively new method of costing, but it has gained popularity in recent years.
ABC is primarily used in manufacturing businesses, but it may also be used in service-oriented organizations. ABC is used to evaluate the cost of items and services, as well as to assess the profitability of each item or service.
ABC is significant for the following reasons:
ABC helps to identify costs that are less visible in conventional cost accounting.ABC is based on the concept that each item or service has a different set of costs.ABC improves the accuracy of cost information by assigning costs to activities.ABC can help with strategic planning and decision-making since it provides more precise information about the cost of a product or service.Learn more about Activity based costing at
https://brainly.com/question/29310410
#SPJ11
If the consumer price index in 2007 is 25 times that of 1860, and a slave cost $2,000 in 1860, how much is that in terms of 2007 dollars?
If the consumer price index in 2007 is 25 times that of 1860, and a slave cost $2,000 in 1860 .
In terms of 2007 dollars, the value of $2,000 in 1860 is $80.
The consumer price index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. In this question, we are given that the CPI in 2007 is 25 times that of 1860.
To calculate the value of $2,000 in 1860 in terms of 2007 dollars, we need to adjust for the difference in CPI.
First, we divide the CPI of 2007 by the CPI of 1860 to find the inflation factor. In this case, the inflation factor is 25.
Next, we divide the value in 1860 by the inflation factor to find the value in 2007 dollars. So, $2,000 divided by 25 equals $80.
To summarize:
1. Find the inflation factor by dividing the CPI of 2007 by the CPI of 1860.
2. Divide the value in 1860 by the inflation factor to find the value in 2007 dollars.
Learn more about dollars
https://brainly.com/question/15169469
#SPJ11
The cost of a slave that was $2,000 in 1860 would be equivalent to $50,000 in terms of 2007 dollars.The consumer price index (CPI) measures changes in the average prices of goods and services over time.
If the CPI in 2007 is 25 times that of 1860, it means that prices have increased by a factor of 25 since 1860. To find out how much a slave that cost $2,000 in 1860 would be worth in 2007 dollars, we need to multiply the original cost by the CPI ratio.
$2,000 * 25 = $50,000
Therefore, in terms of 2007 dollars, a slave that cost $2,000 in 1860 would be worth $50,000.It is important to note that this calculation does not take into account other factors such as inflation and changes in wages, which can also affect the value of money over time.
Overall, the cost of a slave that was $2,000 in 1860 would be equivalent to $50,000 in terms of 2007 dollars.
To know more about CPI visit-
brainly.com/question/14868990
#SPJ11
A college graduate expects to earn a salary of $60,000 during the first year after graduation and receive a 4% raise every year after that. What is the total income he will have received after ten years?
a. $720,366. 43
b. $634,967. 72
c. $624,000. 00
d. $809,181. 8
The total income the college graduate will have received after ten years is $720,366.43. So correct answer is option a.
To calculate the total income after ten years, we can use the concept of a geometric sequence. The initial salary is $60,000, and it increases by 4% each year. This can be represented as a geometric sequence with a common ratio of 1.04. The formula to calculate the sum of a geometric sequence is:
Total Income = Initial Salary * (1 - (Common Ratio ^ Number of Years)) / (1 - Common Ratio)
Plugging in the values, we have:
Total Income = $60,000 * (1 - (1.04^10)) / (1 - 1.04) = $720,366.43
Therefore, the correct answer is option a. $720,366.43.
To know more about total income here: brainly.com/question/30418401
#SPJ11
When a company employs statistical tools to reduce the likelihood of a product recall, this best represents what type of decision? process quality supply chain logistics
When a company employs statistical tools to reduce the likelihood of a product recall, this best represents the process quality decision.
Process quality refers to the management and improvement of the processes involved in producing a product or service. It involves identifying potential areas of improvement and implementing measures to enhance the quality and efficiency of these processes. In the context of a product recall, process quality focuses on identifying and mitigating the factors that can lead to product defects or failures.
By using statistical tools, such as statistical process control (SPC) or Six Sigma methodologies, companies can analyze data and identify patterns or deviations that indicate potential quality issues. These tools help companies monitor the production process in real-time, detect anomalies, and take corrective actions before defective products reach the market.
To know more about employs visit:
https://brainly.com/question/31842763
#SPJ11
which luxurious brand of shoes was memorably featured in the o.j. simpson murder trial
The luxurious brand of shoes that was memorably featured in the O.J. Simpson murder trial was Bruno Magli. Simpson was acquitted of the murder charges, but the Bruno Magli shoes became an iconic symbol of the trial. The brand gained notoriety and even issued a statement after the trial saying that they were "innocent" of any involvement in the case.
In 1994, O.J. Simpson was accused of murdering his ex-wife, Nicole Brown Simpson, and her friend, Ronald Goldman. During the trial, a pair of shoes found at the crime scene became a key piece of evidence. The shoes were identified as a size 12 Bruno Magli, a high-end Italian shoe brand. This was significant because Simpson claimed that he never owned or wore Bruno Magli shoes. However, the prosecution argued that the shoe prints found at the crime scene were a match to the Bruno Magli shoes, leading to speculation that Simpson was lying.
To know more about luxurious brand visit :
https://brainly.com/question/28839409
#SPJ11
When marketing managers analyze similar businesses and their strategies, they are considering the ______ environment.
There are different reasons for marketing. When marketing managers analyze similar businesses and their strategies, they are considering the competitive environment.
What is competitive environment ?In a perfectly competitive environment, a lot of small firms create similar products, and also a lot of consumers buy them.
The competitive environment is also known as a type of environment where firms compete within a specific market place in terms of the distribution channels, the level of promotion, etc.
Learn more about the competitive environment from
https://brainly.com/question/15176320
The ledger of cullumber company contains the following balances: owner's capital $ 30,700. owner's drawings $ 1,700, service revenue $ 49,000, salaries and wages expense $ 26,500, and supplies expense $ 6,100. prepare the closing entries at december 31. (credit account titles are automatically indented when amount is entered. do not indent manually. if no entry is required select "no entry for the account titles and enter for the amounts:) date account titles and explanation debit credit dec. 31 (to close revenue account) dec. 31 (to dose expense accounts) dec. 31 (to close net income (loss)) dec. 31
Net income that needs to be reclassed to retained earnings
Date General Journal Debit Credit
Dec 31 Income Summary 16,400
Retained Earnings 16,400
Now, According to the question:
Closing journal entries are recorded at the end of an accounting period to close out the income statement accounts for the year and move the net income to retained earnings. The income statement is a companies revenue, expenses, and net income for a year and then the balances are closed out and moved to the balance sheet. An account called income summary is used for the closing journal entries. This is a temporary account. Once the revenue and expenses are moved to the income summary account and closed out to 0 then the balance in the income summary account is moved to retained earnings on the balance sheet. Retained earnings appears in the equity section of the balance sheet . To close out service revenue we must debit revenue to decrease the balance to 0 and credit income summary.
Date General Journal Debit Credit
Dec 31 Service Revenue 49,000
Income Summary 49,000
To close out the salaries expenses account and the supplies expenses account we must credit and expense account to make the balance 0 and debit income summary.
Date General Journal Debit Credit
Dec 31 Income Summary 26,500
Salary and Wages
Expenses 26,500
The difference between revenue and expenses is the net income (loss) and will be the balance in the income summary account after the closing journal entries are made. The net income needs to be moved to the retained earnings account which appears on the balance sheet.
Date General Journal Debit Credit
Dec 31 Income Summary 6,100
Supplies Expenses 6,100
$49,000 - $26,500 - $6,100 = $16,400
Net income that needs to be reclassed to retained earnings
Date General Journal Debit Credit
Dec 31 Income Summary 16,400
Retained Earnings 16,400
Learn more about Income summary at:
https://brainly.com/question/9122916
#SPJ4