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finlep [7]
3 years ago
6

A company's Office Supplies account shows a beginning balance of $720 and an ending balance of $640. If office supplies expense

for the year is $3,700, what amount of office supplies was purchased during the period
Business
1 answer:
Svetllana [295]3 years ago
3 0

Answer:

Purchases= $3,620

Explanation:

Giving the following information:

Beginning inventory= $720

Ending inventory= $640

Purchase= ?

Used in the period= $3,700

<u>To calculate the purchases, we need to use the following formula:</u>

Purchases= used in the period + desired ending inventory - beginning inventory

Purchases= 3,700 + 640 - 720

Purchases= $3,620

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Which savings account will earn you the least money?
ddd [48]

The savings account that would earn the least amount of money is the account that earns a simple interest monthly.

<h3>What does simple interest and compound interest mean?</h3>

Simple interest rate is the interest that is paid only on the principal portion of a loan. This means that the debtor does not pays interest on the interest rate already accrued. This differs from compound interest where the debt holder pays interest on the principal and the interest rate already accrued.

This means that an account that earns a compound interest would have a higher yield when compared with an account that earns a simple interest.

To learn more about compound interest, please check: brainly.com/question/26367706

7 0
2 years ago
In an organization, project managers report directly to the head of a PMO. In this case, which statement is probably not true
snow_tiger [21]

Answer:

Projects will be run by the functional organization and project managers expedite change control.

Explanation:

A project management office or PMO is a department within an organisation that is tasked with maintaining the standard of project management. They also make sure there is economies of repitition in project execution (ensure success of projects is replicated).

In the given scenario if project managers report to the head of a PMO it means that the project management team is independent of the functional organisation.

So the statement - Projects will be run by the functional organization and project managers expedite change control.

Is false.

3 0
3 years ago
TB MC Qu. 08-104 Marlow Company purchased a point of... Marlow Company purchased a point of sale system on January 1 for $3,400.
Fittoniya [83]

Answer:

$680

Explanation:

Calculation to determine What would be the depreciation expense for the first year of its useful life using the double-declining-balance method

Depreciation expense=3400*(100%/10 * 2)

Depreciation expense=3400*.2

Depreciation expense= 680

Therefore What would be the depreciation expense for the first year of its useful life using the double-declining-balance method is $680

3 0
3 years ago
Section 2-201 of the UCC provides that contracts for the sale of goods for $500 or more are unenforceable unless: a. A written s
Shkiper50 [21]

Answer:

d. All of these are correct.

Explanation:

The UCC are a set of guidelines that deals with contracts involving sale of goods. It settles disputes that occur during such transactions.

Section 2-201 of the UCC deals with statute of fraud.

Contract for a sale of goods is not enforceable unlesss there is some written contract of sale by the party against who enforcement is sought or his official agent.

This document also a written signature of the party against whom enforcement is sought, and a written indication of the quantity sold.

6 0
3 years ago
Read 2 more answers
Joe Runyan is the owner of a dry-cleaning company in Kansas City called Hangers. They specialize in eco-friendly dry-cleaning, f
Verdich [7]

Answer:

Answer for the question:

Joe Runyan is the owner of a dry-cleaning company in Kansas City called Hangers. They specialize in eco-friendly dry-cleaning, friendly off-beat customer service with strong ties to the local community, and at-home pickup and drop-off services. In 2009, Proctor and Gamble opened a storefront in Kansas City that also uses eco-friendly materials, has a drive-through for pickup and drop-off, and offers slightly cheaper services. Hangers’ Strategy by the Numbers 2009: 10 storefronts, 6 vans, 35 employees, 0 community outreach events, $0 spent on community 2010: 10 storefronts, 6 vans, 35 employees, 0 community outreach events, $0 spent on community 2011: 5 storefronts, 10 vans, 35 employees, 4 community outreach events, $20,000 spent in contributions to local schools 2012: 4 storefronts, 11 vans, 35 employees, 4 community outreach events, $25,000 spent in contributions to local schools.

Constructing a central message.



is given in the attachment.

Explanation:

Download pdf
4 0
3 years ago
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