the closing entry for salaries expense includes: multiple choice a credit to salaries payable. a debit to retained earnings. a credit to retained earnings. a debit to salaries expense.

Answers

Answer 1

The closing entry for salaries expense includes a debit to retained earnings. Salaries Expense is closed with a credit because it has a typical debit balance. Retained Earnings are debited to make up the offset.

The part of a firm's net income that administration keeps for internal use as opposed to giving it as dividends to shareholders is known as retained earnings. The total amount of revenues that have not yet been distributed to shareholders is known as retained earnings. Additionally, these monies are kept in reserve to be used for debt repayment or reinvested back into the business as acquisitions of fixed assets. Dividends are paid out or assigned are subtracted from the total of all earnings and losses to arrive at retained earnings. Sales revenue, cost of products sold, operating costs, tax, and any other profits or losses related to the firm are all taken into consideration when calculating profit and loss. The accountant will deduct all dividend, whether they are stock or dividend payouts, from the entire value of profit and loss to reach at retained profits.

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Related Questions

Jobs that require lower level skills have better benefits, like health insurance, than jobs that require a college education. Please select the best answer from the choices provided T F

Answers

Answer:

False, jobs requiring a higher level of education have more benefits than jobs that require minimal education.

Answer: f

Explanation:

i will give brainiest if right please answer, Parker wants to develop new food sources for less-developed countries. He was raised on a farm, but doesn't plan to be a farmer. What kinds of careers should he consider?

Answers

Agricultural Research

Jason keeps a record of his transactions in a notebook. Looking over his records for the past two weeks, Jason finds that his bank statement does not match his notebook, and he actually has less money than he thought he did. These are the relevant entries in Jason’s notebook: Transaction Debit ($) Credit ($) Beginning Balance 578. 65 Rent 275. 60 --- Paycheck --- 363. 20 Charitable donation 20. 00 --- Keyboard 63. 29 --- Refund on purchase --- 21. 19 Groceries 44. 08 --- Microwave 68. 74 --- Ending Balance 491. 33 However, Jason’s bank statement says that his ending balance is $473. 33. Which of the following is a possible explanation for the discrepancy? a. Jason actually made two $20 charitable donations but forgot to write one of them down. B. Jason listed the refund as a credit, but it should be a debit. C. Jason listed the groceries out of habit, but he did not actually purchase them this week. D. Jason transposed the digits on the microwave’s price, which actually cost $86. 74.

Answers

The explanation to the discrepancy arising in Jason's accounts and his bank statement is "Jason transposed the digits on the microwave’s price, which actually cost $86. 74." This can be calculated by reconciling the balance of accounts and bank passbook.

What is reconciliation statement?

Reconciliation statement refers to a statement that is prepared to match the accounting balance with the balances in bank passbook. The differences arising due due omission, commission, duplication, or error of principal are given proper effect in the reconciliation to match account with the bank balances.

The answer to the given question can be justified as follows:

Given:

Ending balance as per accounts is $491.33.

Ending balance as per bank statement $473.33

Difference in ending balance is \(\%491.33 - \$473.33 = \$18\)

The only statement that justifies the difference of $18 is that the digits of microwave has been transposed from $86.74 to $68.74.

The difference so arising from this error is $86.74 - $68.74 i.e. $18

Hence the correct statement is D

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Select the correct answer.
Kelly paid salary to her employees at the end of the month. What will be the journal entry for the given financial transaction?
A. Employee Account - Debit
Employee Account - Debit
B.
C. Salary Account - Debit
D. Salary Account - Debit
Cash Account - Credit
Kelly Account - Credit
Cash Account - Credit
Kelly Account - Credit
Reset
Next

Select the correct answer.Kelly paid salary to her employees at the end of the month. What will be the

Answers

Answer:

Explanation

Answer will be

C

Salary Account     Debit

Cash Account       Credit

What is the primary purpose of marketing?

Answers

The primary purpose of marketing is to promote a product or service in order to attract and retain customers.

This involves researching and understanding the needs and desires of the target audience, developing a marketing strategy that effectively communicates the benefits of the product or service, and implementing and monitoring the marketing campaign to ensure it is achieving its desired results. Marketing is essential for businesses to succeed in a competitive marketplace and helps to build brand awareness and loyalty among consumers.Marketing involves a range of activities, including researching consumer preferences, developing and promoting products and services, determining pricing and distribution strategies, and building relationships with customers. The ultimate goal of these activities is to create value for customers and generate revenue and profits for the business or organization.

Marketing is an essential part of any business or organization, as it allows them to understand and respond to customer needs, differentiate their products or services from those of competitors, and build brand awareness and loyalty.

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One of the historical trading abuses in the mutual fund industry was allowing selected investors to rapidly trade in and out of a mutual fund in order to profit on stale prices. This practice is called:

Answers

The practice of the investors who trade in and out of the fund in order to make profit is known as Market timing.

Market timing is defined as the predictions an investor makes about price movement.

In other word, the strategy is when investor tries to identify the best times to be in the market and when to get out.

In conclusion, the practice of the investors who trade in and out of the fund in order to make profit is known as Market timing.

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Workers typically get dirty if they work at a job site for

both the Construction and Design pathways.
both the Construction and Maintenance pathways.
the Maintenance pathway only.
the Design pathway only.

Answers

Answer:

b

Explanation:

B

Concern for the environment among consumers causes consumers to substitute away from traditional autos to electric-powered autos.

Equilibrium quantity: Increases / Decreases
Equilibrium price: Increases / Decreases

Answers

Answer:

the equilibrium price and quantity of  traditional autos decreases

the equilibrium price and quantity of electric cars increases

Explanation:

Due to the decrease in demand for traditional autos, there would be a leftward shift of the demand curve for traditional autos. As a result, equilibrium price and quantity would fall.

Due to the increase in demand for electric-powered autos, there would be a rightward shift of the demand curve for traditional autos. As a result, equilibrium price and quantity would increase.

Please check the attached images for graphical illustrations

Concern for the environment among consumers causes consumers to substitute away from traditional autos
Concern for the environment among consumers causes consumers to substitute away from traditional autos

if common stock is issued for an amount greater than par value, the excess should be credited to

Answers

Answer:

Cash

Explanation:

If common stock is issued for an amount greater than par value, the excess should be credited to:  Cash.

hope that help you :)

Problem 16-11 You are considering the purchase of a convertible bond issued by Bildon Enterprises, a non-investment-grade medical services firm. The issue has seven years to maturity and pays a semiannual coupon rate of 7.425% (.e., 3.7125% per period). The issue is callable by the company at par and can be converted into 48.846 shares of Bildon common stock. The bond currently sells for $970 (relative to par value of $1,000), and Bildon stock trades at $12.140 a share. a. Calculate the current conversion value for the bond. Do not round intermediate calculations. Round your answer to the nearest cent. $ Is the conversion option embedded in this bond in the money or out of the money? The conversion option embedded is this bond is: -Select- -Select b. Calculate the conversion parity price for Bildon s in the money Jake conversion of the bond profitable. Do not round intermediate calculations. Round your answer to the nearest cent. out of the money $ c. Bildon does not currently pay its shareholders a dividend, having suspended these distributions six months ago. What is the payback (i.e., breakeven time) for this convertible security, and how should it be interpreted? Do not round intermediate calculations. Round your answer to two decimal places. The payback period would be years. This is -Select- as the bond matures in 7 years. d. Calculate the convertible's current yield to maturity. Do not round intermediate calculations. Round your answer to two decimal places. % If a "straight" Bildon fixed-income issue with the same cash flows would yield 9.25%, calculate the net value of the combined options (i.e., the issuer's call and the investor's conversion) embedded in the bond. Do not round intermediate calculations. Round your answer to the nearest cent. $

Answers

The net value of the combined options embedded in the bond is $168.13.

a. To calculate the current conversion value of the bond, we need to multiply the conversion ratio by the current stock price:

Conversion value = Conversion ratio * Stock price

= 48.846 * $12.140

= $592.41

The current conversion value for the bond is $592.41.

b. The conversion option embedded in this bond is in the money if the conversion parity price is lower than the current stock price. To calculate the conversion parity price, we divide the bond price by the conversion ratio:

Conversion parity price = Bond price / Conversion ratio

= $970 / 48.846

= $19.87

Since the current stock price ($12.140) is lower than the conversion parity price ($19.87), the conversion option is out of the money.

c. The payback period for this convertible security is the time it takes for the accumulated coupon payments to equal the conversion value. We can calculate it by dividing the bond price by the semiannual coupon payment:

Payback period = Bond price / (Coupon rate / 2)

= $970 / (3.7125% / 2)

= 52.19 periods

Since each period is 6 months (semiannual), the payback period would be 52.19 * 6 = 313.14 months or approximately 26.09 years. This is longer than the maturity of the bond (7 years), indicating that the payback period exceeds the bond's remaining life.

d. The current yield to maturity (YTM) can be calculated using the bond price, coupon payments, and the remaining years to maturity. Since the bond pays semiannual coupons, the YTM is the semiannual yield, which can be multiplied by 2 to obtain the annual yield:

Current yield to maturity = (Coupon payment / Bond price) * 2

= (3.7125% / $970) * 2

= 0.00764 * 2

= 0.01528 or 1.53%

The convertible's current yield to maturity is 1.53%.

e. To calculate the net value of the combined options embedded in the bond, we need to subtract the straight bond value from the bond price:

Net value of combined options = Bond price - Straight bond value

The straight bond value can be calculated by discounting the bond's cash flows at the yield rate of 9.25%. Since the bond pays semiannual coupons, we need to adjust the yield rate accordingly. Let's calculate the straight bond value:

Coupon payment = $1,000 * 3.7125% = $37.125

Semiannual yield rate = 9.25% / 2 = 4.625%

Straight bond value = (Coupon payment / Semiannual yield rate) * (1 - (1 / (1 + Semiannual yield rate)^remaining periods))

= ($37.125 / 4.625%) * (1 - (1 / (1 + 4.625%)^14))

= $801.87

Net value of combined options = $970 - $801.87

= $168.13

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what might happen if the government creates more money to cover a large deficit?

Answers

If the government creates more money to cover a large deficit, it can lead to several economic consequences, including inflation and a decrease in the value of the currency.

When the government creates more money, it increases the supply of money in circulation, leading to a decrease in the value of each unit of currency. This can lead to higher prices for goods and services, as the value of money decreases, and people need more money to purchase the same things.

Inflation can be harmful to the economy as it reduces the purchasing power of individuals, making it harder for them to afford basic necessities. It can also lead to higher interest rates, as lenders demand compensation for the decreasing value of the money they lend out.

Creating more money to cover a deficit can also lead to a decrease in investor confidence and lower foreign investment, as other countries may view the country's economic policies as unstable. Overall, creating more money to cover a large deficit can have negative economic consequences that can impact the long-term health of the economy.

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An ice cream manufacturer makes ice cream in two processes, Mixing and Packaging. During April, its first month of business, the Packaging department ransferred 200,000 units and $700,000 of production costs to finished goods. What is the cost to produce one unit of ice cream during Apri? Multiple Choice 53.50 $3.60 5370 5380

Answers

The cost to produce one unit of ice cream during April is  is $3.60. The correct answer is option B.

To determine the cost to produce one unit of ice cream during April, we need to divide the total production costs by the number of units transferred to finished goods.

Given that the Packaging department transferred 200,000 units and $700,000 of production costs to finished goods, we can calculate the cost per unit as follows:

Cost per unit = Total production costs / Number of units transferred

Cost per unit = $700,000 / 200,000 units

Cost per unit = $3.50

Therefore, the cost to produce one unit of ice cream during April is $3.50.

Among the options provided, the closest answer is $3.60.

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In her job as a pharmacy technician, Imani measures precise doses of medication for patients. What type of skill is this?
A. technical
B. soft
C. collaborative
D. academic

Answers

Based on the fact that Imani needs to precisely measure doses of medication for patients, this type of skill is a A. Technical skill.

What is a technical skill?

A technical skill refers to one that a person gets from having specialized knowledge in several types of specialized tasks and projects.

The skill to be able to measure precise doses of medication that Imani has is a specialized knowledge that helps her in the pharmaceutical industry which makes it a technical skill.

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Please help worth bonus points!

Please help worth bonus points!

Answers

Answer:

the 4th and 5th one is for france

Explanation:

this is done in france France, it is called french silver service, it's a method of food service at the table, it's known as à l'anglaise (English service)

4=the staff utilizes platters to serve cooked food

5=the last one

1= america, the first one.

2=Russia

3=russia

if I got anything mixed up, pls inform me.


HELP PLEASE
What should happen after one determines a company's quality control process
meets the company's quality standards?
Each member of the quality control team must confirm that the process is
effective before the process can become permanent.
An internal team should review the results of product testing and look for ways
to refine and improve upon the quality control process.
An internal team should review the results of product testing and sign off on the
process to confirm it is effective.
The process should not be revised again.

Answers

Answer:

It should be "An internal team should review the results of product testing and look for ways to refine and improve upon the quality control process."

Explanation:

When one determines a company's quality control process meets the company's quality standards then an internal team should review the results of product testing and look for ways to refine and improve upon the quality control process. The correct option is b.  

What is quality control?

Quality control is a critical component of a well-run business. A quality control program helps ensure your small business delivers a consistent product, service and customer experience.

In addition, developing quality control processes allows the business to operate without someone's daily presence, so expanding to new locations, delegating responsibilities and even selling the business when the time comes is easier. Business growth requires paying careful attention to dollars and people, and quality control helps ensure we are monitoring both. If the products or services are of poor quality, we will spend a lot of time and money redoing them, cutting your profit margins.

Quality control processes can be used in all types of companies, whether they are product-based or service-based, B2B or B2C.

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which of the following pairs of companies would be least likely to be examined together as part of competitor analysis? a. coca-cola and pepsico b. wendy's and taco bell c. netflix and microsoft d. samsung and apple

Answers

The pair of companies that would be least likely to be examined together as part of competitor analysis would be Netflix and Microsoft. Option C

While both companies operate in the technology industry, their specific products and services are vastly different. Netflix is primarily a subscription-based streaming service for movies and TV shows, while Microsoft is known for its software products such as Windows and Office.

On the other hand, the other pairs of companies listed are more likely to be examined together as part of competitor analysis. Coca-Cola and PepsiCo are both major players in the beverage industry and have a long-standing rivalry. Wendy's and Taco Bell are both fast-food chains that compete for customers in the same market. Samsung and Apple are both tech giants that compete in the mobile phone and electronics industry.

When conducting competitor analysis, it is important to examine companies that operate in the same market and offer similar products or services. This allows for a more accurate comparison and evaluation of strengths and weaknesses. Examining companies that are too different from each other may not provide useful insights or relevant data. So, option C is correct.

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The ___________ is the only price where quantity demanded is equal to quantity supplied. Group of answer choices equilibrium price horizontal axis intercept vertical axis intercept market price Flag this Question Question 142 pts The downward slope of the demand curve again illustrates the pattern that as _____________ rises, _________________ decreases. Group of answer choices

Answers

Answer:

Equilibrium price; price; quantity demanded.

Explanation:

Demand can be defined as the amount or quantity of goods and services that are being desired or required by the consumers and that they are willing to pay a price for.

The law of demand states that there is a negative relationship between the price of a good and the quantity of the good demanded.

This ultimately implies that, when the prices of goods and services in the market increases or rises: there would be a significant decline or fall in the demand for this goods and services.

Hence, the equilibrium price is the only price where quantity demanded is equal to quantity supplied. This is simply the point where there is an agreement between the quantity of goods produced by the manufacturer and the quantity of goods desired by the consumers, thus, both the desires of the producer and consumers are in sync.

The downward slope of the demand curve again illustrates the pattern that as price rises, quantity demanded decreases. This ultimately implies that, when the price at which a manufacturer, wholesaler or retailer increases, the quantity of goods demanded by the consumer would decrease and vice-versa.

Answer:

the correct answer is equilibrium price

Explanation:

(econ1101)

Which of the following businesses is using an incentive?
A. Company B, where there is conflict between the workers and the
management
B. Company C, where the government is intervening to prevent fraud
C. Company A, where the employees have voted for a four-day
workweek instead of a pay increase
D. Company D, where there is a greater demand for a product than
can be met

Answers

Answer:

d

Explanation:

what features does each financial institutions have

Answers

The financial institutions provide loans and advances to the customers.

The rate of return is very high in case of investment made in this type of institution.

It also gives a high rated consultancy to the customers for their beneficial investments.

It also serve as a depository for their customers.

A tax imposed by a government on goods entering at its borders is most accurately termed as a(n) _____.

Answers

A tax imposed by a government on goods entering at its borders is most accurately termed as customs duty. It is a tax imposed on imports and exports of goods.

What is Custom Duty?

The charge levied on products as they are carried across international boundaries is referred to as a customs duty. It is, in the simplest words, the tax imposed on commodities that are imported and exported. This obligation is used by the government to increase income, protect domestic industries, and control the flow of commodities.

The place of manufacture and the material used to make the goods affect the customs duty rate.

The Customs Act of 1962 defines custom duty in India, and the Central Board of Excise & Customs oversees all aspects pertaining to it (CBEC).

The government's estimated customs income for the fiscal years 2020–21 was Rs 1,38,000 crore.

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.1.3. Briefly explain the Economic term land​

Answers

Answer:

In economics, the resource that encompasses the natural resources used in production. ... Land was considered to be the “original and inexhaustible gift of nature.” In modern economics, it is broadly defined to include all that nature provides, including minerals, forest products, and water and land resources.

Answer:

land is a free gift of nature and the foundation of production

diana's editorial business was not growing and she sought ways to expand her client list. she recognized that technology provided opportunities to bring on new customers, so she instituted a training program for her employees. which factor of production is described here? multiple choice labor capital knowledge economics

Answers

The factor of production described in this scenario is "knowledge." So, the correct answer is knowledge."

The factor of production described in this scenario is "knowledge." Knowledge refers to the information, skills, and expertise possessed by individuals that can be utilized to improve productivity, create innovative solutions, and drive business growth.

In Diana's case, she recognized that utilizing technology and providing training to her employees would enhance their knowledge and enable them to better leverage technology to expand the client list. By investing in the training program, Diana aimed to equip her employees with the necessary skills and knowledge to utilize technology effectively, thus improving the productivity and competitiveness of her editorial business.

Labor refers to the human effort and physical work contributed to the production process. While Diana's employees are involved in the implementation of the training program, the focus here is specifically on enhancing their knowledge rather than the physical labor they perform.

Capital generally refers to the financial and physical assets used in the production process, such as machinery, equipment, and infrastructure. Although technology is mentioned in the scenario, it is more closely related to knowledge as a means to enhance productivity rather than capital itself.

Economics, on the other hand, is a broader field encompassing the study of production, consumption, and distribution of goods and services. While the scenario relates to economic decisions, the specific factor of production being described is knowledge.

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true or false: a change in one of the determinants of supply results in a movement along the supply curve.

Answers

A supply curve is a graph that illustrates how a change in a product's price impacts the volume of supplies a seller provides.

The horizontal x-axis displays the quantity supplied, while the vertical y-axis displays the price.

For the majority of items, the curve will have an upward, positive slope, signifying a strong correlation between the two values. In other words, the more of a good or service a seller has on hand, the higher the price of it. For instance, if the cost of a lawnmower rises, or the price a customer pays, a hardware store would stock more in an effort to raise its profit margin.

The two different supply curve types are individual and market.

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How to be a successful entrepreneur?

Answers

Answer:

Don’t take ‘no’ for an answer

Learn from the best

Stay hungry and ambitious

Never stand still; evolve with the times

Nurture long-term business relationships

Inspire those around you

Trust your gut instinct, not just your spreadsheet

Explanation:

It takes hard work and dedication and they are many free sources that is available today such as videos

PLEASE HELP WILL MARK BRAINLIEST

PLEASE HELP WILL MARK BRAINLIEST

Answers

Answer:

the answer is true

Explanation:

Which type of insurance covers preventive care and medical treatment?

Answers

health insurance is the answer

George has a monthly income gross of 3500 and his monthly debt payments are 325 car payments 290 student loan payment 930 mortgage payment and 400 in credit card payment what is the total debt to income ratio rounded to the nearest percent

Answers

A standard rule of thumb is to preserve your ordinary debt-to-income ratio at or under 43%.

What debt-to-income ratio is too high?

Debt-to-income ratio is your monthly debt obligations compared to your gross month-to-month income (before taxes), expressed as a percentage. A excellent debt-to-income ratio is less than or equal to 36%. Any debt-to-income ratio above 43% is regarded to be too lots debt.

What is the easiest debt-to-income ratio for a mortgage?

Ideal debt-to-income ratio for a mortgage

In phrases of your front-end and back-end ratios, lenders normally seem to be for the best front-end ratio to be no greater than 28 percent, and the back-end ratio, together with all month-to-month debts, to be no greater than 36 percent.

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what would rita's home office deduction be if her business generated $10,900 of gross income instead of $15,900? (answer for both the actual expense method and the simplified method.)

Answers

Rita's home office deduction be if business generated $10,900 of gross income instead of $15,900 would be $8,200.

What is gross income?

The total of all wages, salaries, profits, interest payments, rents, and other sources of income for both families and individuals, before any deductions or taxes, is known as gross income. Net income is determined as gross income less all taxes and other deductions. Net income is the inverse of gross income. A company's gross income is determined before deducting overhead, payroll, taxes, and interest payments. It is the difference between revenue and the cost of producing a good or providing a service. This is different from operating profit. Technically, gross margin should be used when discussing a percentage or ratio while gross profit should be used when discussing a monetary amount. To put it another way, gross profit is expressed in terms of money, whereas gross margin is expressed as a percentage.

Computation of Rita’s home office deduction for the current year if Gross income is $10,900:

Rita’s home office deduction will be limited to =300square feet × $5 application rate= $1,500.

However, she can deduct the expenses relating to interest and taxes = $6,700 as itemized deductions.

Thus, total deductions = $1,500+ $6,700 = $8,200.

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S.
Economics
Explain the term "Budget"

Answers

Budget means basically like you have a only a certain amount of money you can use, for example. “I have a 50$ budget” this means that I can only spend up to 50$ on that certain thing.

In terms of SUPPLY, what factors have contributed to the fall in oil prices?

Answers

Current supply and output. Until recent years, Organization of Petroleum Exporting Countries (OPEC) often set supply through a quota system.
Other Questions
when assessing muscle strength, the nurse observes that a patient has complete range of motion against gravity with full resistance. what grade should the nurse record using a 0 to 5 point scale? How far did car A travel in the time interval t = 0 to t = 6? The secret agents, disguised in civilian clothes, managed to easily............ in with the crowd and get downtowna blendb boastc browsed. burst Find the area of a shaded region A patient becomes restless and agitated in the in the postanesthesia care unit (pacu) as he begins to regain consciousness. the first action the nurse should take is:___. The percentage of deaths in the United States from cardiovascular disease is 20%. Group of answer choices True False WILL GIVE BRAINLY IF CORRECT!Last year, Tim rode his bike a total of 50 3/8 miles. This year, he rode his bike a total of 258 3/4 miles.Which of the following explains about how much farther Tim rode his bike this year than last year?A. About 200 times farther; Subtract last year's distance from this year's distance to get 208 3/8. Then round to the nearest hundred to get 200.B. About 50 times farther; Round each distance to the nearest whole number.Then multiply last year's distance by 50 to see that 259 is close to 50 x 5.C. About 10 times farther: 258 is about 5 times 50,and 3/4 is 2 times 3/8, so multiply 5 x 2 to get 10.D. About 5 times farther, Round each distance to the nearest whole number.Then multiply last year's distance by 5 to see that 259 is close to 50 x 5. In a move to provide additional sales for U.S. car manufacturers, the White House announced the purchase of 17,600 new fuel-efficient vehicles for the federal fleet. Suppose the new fleet, which includes 2,500 hybrid sedans, will cost $275million. As an accountant in the White House Budget Office (WHBO), you have been asked to calculate the following:Required:a. If each hybrid vehicle will have an average cost of $26,000, what will be the average cost per non-hybrid vehicle? Round to the nearest whole dollar.b. Suppose furthermore, the White House said that by replacing less efficient vehicles, the government will reduce gasoline consumption by 1.9 million gallons per year and prevent 27 million pounds of carbon dioxide from entering the atmosphere. On average, how many gallons of gasoline and how many pounds of carbon dioxide will be "saved" per year per vehicle? Round to the nearest whole gallon and whole pound. A source emitting a sound at 300.0 Hz is moving towards a stationary observer at 25 m/s. The air temperature is 15C. What is the frequency detected by the observer? Please help me with my math Please can someone do this whole thing i beg i need this i literally am going to fail spanish if i dont get this done. A company creates an identity for a product through its logo,packaging and promotions. Customers like the product andremember their good feelings every time they see somethingabout the product. They continue to buy the product and also telltheir friends about it, which increases sales. What is this anexample of?O Product Life CycleO Product ClassificationO Product MixO Branding You modified the GreenvilleRevenue program to include a number of methods. Now modify every data entry statement to use a TryParse() method to ensure that each piece of data is the correct type. Any invalid user entries should generate an appropriate message, and the user should be required to reenter the data.using System;using static System.Console;class GreenvilleRevenue{static void Main(string[] args){const int fee = 25;int lastYearsContestants;int thisYearsContestants;const int LOW = 0;const int HIGH = 30;int other = 0;int dancer = 0;int musician = 0;int singer = 0;WriteLine("**********************************");WriteLine("* The stars shine in Greenville. *");WriteLine("**********************************");WriteLine("");lastYearsContestants = getContestantsNum(message, LOW, HIGH);string[] contestant = new string[thisYearsContestants];string[] talent = new string[thisYearsContestants];getContestantsInfo(contestant, talent);for (int x = 0; x < talent.Length; ++x){if (talent[x] == "O"){++other;}else if (talent[x] == "S"){++singer;}else if (talent[x] == "D"){++dancer;}else if (talent[x] == "M"){++musician;}}Clear();WriteLine("Currently signed up, there are..");WriteLine("{0} dancers", dancer);WriteLine("{0} singers", singer);WriteLine("{0} musicians", musician);WriteLine("{0} everything else!", other);contestantByTalent(contestant, talent);Clear();contestantInfo(thisYearsContestants, lastYearsContestants, fee);}static int getContestantsNum(string message, int LOW, int HIGH){WriteLine("Please enter the number of contestants for last year.>>");string input = ReadLine();int contestantsNum = Convert.ToInt32(input);while (contestantsNum < LOW || contestantsNum > HIGH){WriteLine("Valid numbers are 0 through 30, Please try again.>>");contestantsNum = Convert.ToInt32(ReadLine());}return contestantsNum;WriteLine("Please enter the number of contestants for this year.>>");string input = ReadLine();int contestantsNum = Convert.ToInt32(input);while (contestantsNum < LOW || contestantsNum > HIGH){WriteLine("Valid numbers are 0 through 30, Please try again.>>");contestantsNum = Convert.ToInt32(ReadLine());}return contestantsNum;}static string getTalent(int contestantsNum){bool correct = false;string talentType = "";while (!correct){WriteLine("What is contestant " + contestantsNum + "'s skill? Please enter 'S' for Singer, 'D' for Dancer, 'M' for " +"Musician, 'O' for Other.>>");talentType = ReadLine().ToUpper();if (talentType == "S" || talentType == "D" || talentType == "M" || talentType == "O"){correct = true;}else{WriteLine("Please enter a valid response.>>");}}return talentType;}static void contestantByTalent(string[] contestant, string[] talent){WriteLine ("To see a list of all contestants with a specific talent, Please enter a talent code.talent codes are(S)inger, (D)ancer, (M)usician, (O)ther; altenatively, you may type (E) to exit.>>");string entry = ReadLine().ToUpper();while (entry != "E"){if (entry != "S" && entry != "D" && entry != "M" && entry != "O"){WriteLine("That wasn't a valid talent code. Valid talent codes are (S)inger, (D)ancer, (M)usician, (O)ther; altenatively, you may type (E) to exit.>>");entry = ReadLine().ToUpper();if (entry == "E")break;}for (int x = 0; x < talent.Length; ++x){if (entry == talent[x])WriteLine("Contestant " + contestant[x] + " talent " + talent[x]);}WriteLine("To see a list of all contestants with a specific talent, Please enter a talent code. talent codes are (S)inger, (D)ancer, (M)usician, (O)ther; altenatively, you may type (E) to exit.>>");entry = ReadLine().ToUpper();}}static void getContestantsInfo(string[] contestant, string[] talent){for (int x = 0; x < contestant.Length; ++x){WriteLine("What is the name for Contestant " + (x + 1) + "?");contestant[x] = ReadLine();talent[x] = getTalent(x + 1);}}static void contestantInfo (int thisYearsContestants, int lastYearsContestants, int fee){if (thisYearsContestants > lastYearsContestants * 2){WriteLine("The competition is more than twice as big this year!");WriteLine("The expected revenue for this year's competition is {0:C}", (thisYearsContestants * fee));}elseif (thisYearsContestants > lastYearsContestants && thisYearsContestants Where are chromosomes that contain dna found? inside a persons genes on the outside of a gamete in the nucleus of a cell around the double helix structure rade-offs between the and the future require weighing the available today against what will be available tomorrow. a good produced for present is a Suppose a firm experiences decreasing returns to scale. This is shown graphically by ww A. a downward - sloping long-run marginal - cost curve. B. a horizontal long-run average cost curve. C. an increasing marginal product curve. OD. an upward - sloping long-run average cost curve. O E. a downward - sloping long-run average cost curve. Solve for x.Your answer must be simplified.x+54 A fire breaks out and increases the Kelvin temperature of a cylinder of compressed gas by a factor of 1.2. What is the final pressure of the gas relative to its initial pressure? according to a survey of ksu students, 44% said they buy starbucks coffee every week and 34% said that they buy dunkin donuts coffee every week. only 11% said they buy both. given that you see a person with a starbucks coffee, what is the probability that they also make weekly purchases of dunkin donuts coffee? Which animal can sleep for 3 years?Who is king of birds?Who is the king of jungle?Please Answer this question.