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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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Suppose an American worker can make 20 pairs of shoes or grow 100 apples per day. On the other hand, a Canadian worker can produ
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Hence, Canada has a comparative advantage in producing pairs of shoes because Canada's opportunity cost of producing a pair of shoes is lower than United states opportunity cost.

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Generally, different definitions of "social conflict" are offered, differences that call our attention to complementary aspects of the concept: For example, Stephen Robbins: "A process that begins when one party perceives that another has affected it negatively or that It is about to negatively affect some of its interests ”2 and that of Lewis A. Sew for whom the social conflict is a struggle for values and for the status, power and scarce resources, in the course of which opponents want to neutralize, damage or eliminate their rivals. A conflict will be social when it transcends the individual and comes from the structure of society itself.

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3 years ago
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering dropping its electric guitar
s2008m [1.1K]

Answer:

Wholesale Guitars

WHOLESALE GUITARS

Departmental Contribution Income Statements

For Year Ended December 31, 2013

                                                       Acoustic       Electric

Sales                                              $ 111,500  $ 105,500

Cost of goods sold                          55,675       66,750

Variable operating expenses         29,480       24,200

Total variable costs                       $85,155     $90,950

Contribution margin                   $26,345      $14,550

Total fixed (indirect) costs            $17,225       $14,750

Net operating income (loss)          $9,120          $(200)

Explanation:

a) Data and Calculations:

WHOLESALE GUITARS

Departmental Income Statements

For Year Ended December 31, 2013

                                                       Acoustic       Electric

Sales                                              $ 111,500  $ 105,500

Cost of goods sold                          55,675       66,750

Gross profit                                     55,825        38,750

Operating expenses

Advertising expense                        8,075         6,250

Depreciation expense-equipment 10,150         9,000

Salaries expense                            17,300        13,500

Supplies expense                           2,030           1,700

Rent expense                                  6,105          5,950

Utilities expense                             3,045         2,550

Total operating expenses            46,705       38,950

Net income (loss)                         $ 9,120        $ (200 )

Total operating expenses            46,705       38,950

Less fixed costs:

Advertising expense                      8,075         6,250  

Rent expense                                 6,105         5,950

Utilities expense                            3,045         2,550

Total fixed (indirect) costs         $17,225      $14,750

Variable operating expenses   $29,480    $24,200

3 0
3 years ago
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