The Income Statement for the Year 2022 of Bugati Co

question 65

Multiple Choice

The income statement for the year 2022 of Bugati Co. contains the following information: $\begin{array}{lr}\text { Revenues }&&\$73,000\\\text { Expenses: }\\\text { Salaries and Wages Expense } & \$ 43,000 \\\text { Rent Expense } & 12,000 \\\text { Advertising Expense } & 11,000 \\\text { Supplies Expense } & 6,000 \\\text { Utilities Expense } & 3,500 \\\text { Insurance Expense } & 4,000 \\\text { Total expenses }&&79,500\\\text { Net income (loss) }&&\$(6,500) \end{array}$ After the revenue and expense accounts have been closed, the balance in Income Summary will be

• A) $0.
• B) a debit balance of $6,500.
• C) a credit balance of $6,500.
• D) a credit balance of $73,000.

Comprehend the purpose and process of assessment centers in employee evaluation.

Understand the role of mentoring in career development and its indication of management support.

Analyze the advantages and disadvantages of internal recruitment strategies and measures for retaining top talent through stages of career development.

Understand the benefits of division of labor and how it enhances efficiency in organizations.

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Definitions:

Syntax

An agreed-on set of rules defining how a language must be structured.

Compiler

A program that translates code written in a high-level programming language into machine language so it can be executed by a computer.

Interpreter

A program that executes instructions written in a programming or scripting language, translating them into machine code one line at a time at runtime.

Operator

A coding symbol that represents a fundamental action of the programming language.