On the basis of the following data taken from the Adjusted Trial Balance columns of the work sheet for the year ended March 31 for Banes Domino's Corporation, journalize the four closing entries.
Definitions:
Annual Cash Flows
The total amount of money being transferred into and out of a business, especially affecting liquidity, within a year.
Opportunity Cost
The cost of opting for one choice over another, essentially the benefits you could have received by taking an alternative action.
Internal Rate Of Return
The internal rate of return is a financial metric used to evaluate the profitability of investments, calculating the discount rate that makes the net present value of cash flows from an investment equal to zero.
Hurdle Rate
The minimum rate of return on a project or investment required by a manager or investor, often used in capital budgeting to measure investment risk.
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