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lbvjy [14]
3 years ago
9

The office supplies account had a $240 debit balance on december 31, 2016. during 2017, $5,200 of office supplies are purchased.

a physical count of supplies at december 31, 2017, shows $440 of supplies available answers
Business
1 answer:
Trava [24]3 years ago
4 0
If you are looking for the adjusting entry at the end of the year, it would be:

 Office Supplies Expense 5000                Office Supplies 5000

The amount to be recorded is 5000 because:

Beginning supplies is $240

Then there is an additional supplies $5,200

So there is a total of 5,440 supplies.

But the ending inventory is $440.

Deduct the $440 from the $5440 which will give us $5,000. This is to make sure that the amount in the journal entry at the end of the year will be same with the physical count of the supplies.
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Answer:

PV= $30,111.98

Explanation:

Giving the following information:

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

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2 years ago
Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of coffee, one donut,
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With $40/7, 5.7 baskets will be bought

b) Economists are always wary of prolonged deflation or continuous general falling prices of goods because it depicts an economy that is seriously weakening at its foundation.  As a fallout, companies slow production, reduce output, lay off workers, and reduce salaries (earned income).

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6 0
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How to find the monthly growth rate of sales that can be sustained without access to external capital?
Mazyrski [523]

Growth rate of sales= present-past\past.

Growth rate:

  • A growth rate is determined differently for each business, but it essentially serves as a gauge for how quickly a firm is expanding, contracting, or meeting its objectives. It is the best gauge of how well a company (or nonprofit, or mission) is doing.
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  • The maximum sales growth that a company can experience without needing more debt or equity financing is known as the sustainable growth rate.

Learn more about growth rate here brainly.com/question/25849702

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