Answer: Debit Supplies
Credit Cash
Credit Accounts payable.
Explanation:
The journal entry is an act of making records of the transactions in an organization which shows the debit and credit balances of the company.
Based on the information given, since General Electric bought supplies in the amount of $1,500, the journal entry will be:
Debit Supply $1500
Credit Cash / Accounts Payable $1500
The shifts in the demand curve directly affect the demand for labor for the toy manufacturer which means the rightward shift in the demand curve requires more labor whereas the leftward shift requires less labor.
<h3>What do you mean by labor?</h3>
Labor also called human labor is the workforce who are engaged in the production of a product. The requirements of the labor totally depend on the demand for the product.
When the demand curve shifts toward the right that means the demand for the toys getting increases which leads to more requirements for human labor and when the demand curve moves towards the left, this means a decrease in demand for toys which results in lesser requirements for human labor. This shows a direct effect on the manufacturer of toys regarding the demand for labor.
Therefore, the changing of shifts will affect the manufacturer's demand for labor in a direct manner.
Learn more about the demand curve in the related link:
brainly.com/question/1915798
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You get charged a certain late fee that adds up everyday that the payment is late after the due date. Your interest rates might also go up <span>⬆️</span>
Question
When evaluating a special order, management should:
Group of answer choices
A) Only accept the order if the incremental revenue exceeds all product costs. B) Only accept the order if the incremental revenue exceeds fixed product costs.
C) Only accept the order if the incremental revenue exceeds total variable product costs.
D) Only accept the order if the incremental revenue exceeds full absorption product costs.
Answer:
The correct answer is A)
Explanation:
When deciding whether or not to accept an order, the following questions must be asked:
- does the company have the capacity to fulfill the order? or will it require that they expand current capacity?
- does the price offered for the order cover the order cover the costs of producing same?
- Will an attempt to satisfy the order under the given conditions trigger a violation of the Act which prohibits price discrimination?
- Does it require the company to produce at a lower price in order to be profitable? if so how will the market percieve this? Will it mar the company's brand?
One generally accepted rule is that all costs must covered.
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