Answer:
a.Supplies expense would be debited for $600.
Explanation:
Assuming there is no opening Inventory:
End of period supplies balance = Opening balance + purchases in the period - Expense for the period
200 = 0 + 800 - Expense for the period
Expense for the period = 800 - 200
Expense for the period = 600
So the correct option is a.Supplies expense would be debited for $600.
This Finance Test is designed to help you assess your knowledge on important finance concepts, terminology definitions, and frequently used calculations. We strongly encourage any students who are planning or are beginning their FMVA certification program to take this test to determine whether you will need to take the prerequisite finance courses including Reading Financial Statements, Introduction to Corporate Finance, and Math for Corporate Finance. This is also a useful resource for employers to examine the technical knowledge of the candidates during a finance interview.
If you pass this test with 80% or above (16 questions or more), it is likely that you have a strong background in finance and are good to go ahead with our core courses!

Finance Test Questions
1. The concept of present value relates to the idea that*
The discount rate is always higher when you invest now than in the future
The discount rate is always higher when you invest in the future than now
The money you have now is worth less today than an identical amount you would receive in the future
The money you have now is worth more today than an identical amount you would receive in the future
2. The formula for calculating future value (FV) is*
FV = PV/(1+r)^n
FV = PV/(1+r)*n
FV = PV x (1+r)^n
FV = PV x (1+r)*n
Answer:
c. how the firm has financed its assets as well as the firm’s ability to repay its long-term debt.
Explanation:
The Total Debt to Total Capital ratio is also known as the Debt to Equity Ratio. This ratio shows how much foreign money is used by the Company. Also important, it reveal the firms ability to repay its long term debt.
People are willing to pay for a unit of a particular commodity is determined by Marginal utility.
Explanation:
Marginal utility (MU) is characterized as the additional utility obtained from the use of one additional unit of a good or service, or the increased use of an increased unit by an entity.
Economists use the idea of marginal utility to assess how much of an item consumers can purchase. Positive marginal utility happens when the consumption of an additional item increases the total utility, while negative marginal utility occurs when the consumption of an additional item reduces the total utility.
The plant as increased its production:
As it can make more than before, this means also that the plant is more efficient.
Hope this helps
