All categories

3 years ago

The entry to adjust for the cost of supplies used during the accounting period is______________.

Business

1 answer:

Sedaia [141]3 years ago

3 0

Answer:

debit Supplies Expense; credit Supplies

Explanation:

Create your journal entry to adjust the account balance. Debit the supplies expense account for the cost of the supplies used. Balance the entry by crediting your supplies account.

You might be interested in

Consider firms that introduce new products, such as DVDs in 2001. When firms introduce new products, how do they typically det

lyudmila [28]

Answer:

D. estimate price elasticity of demand by experimenting with different prices.

Explanation:

Price elasticity of demand is an economic concept which is a measure of the sensitivity of customers willingness to buy something to its price. If the customers readily change their buying behavior with a change in price of the product, it would mean that the demand for the product is elastic.

When firms are introducing new products, they generally determine the best selling price by experimenting with different prices and observing the buying behavior of customers. Then the choose the price which produces the maximum amount of revenue for the firm, which entails the price of the product and number of units sold.

5 0

3 years ago

Data mining can support the marketing function by: a. Eliminating the need for a firm to have a billing department b. Billing th

ohaa [14]

Answer:

D. Using customer's past purchase history to send information about related products and services the customer may be interested in

Explanation:

Data mining is the process whereby large pre existing databases are examined with the aim of generating new information. It is the extraction of usable data from a larger set of data. Company usually use this process to turn raw data into useful information that can be applied to their daily activities.

In the case of marketing, data mining helps in extracting useful information from a customer's purchase history in order to identify useful information on goods or services the customer may be interested in or attracted to.

3 0

3 years ago

What are the responsibilities of an executor? Check all that apply.

sergeinik [125]

A paying any taxs that are due on the estate

5 0

3 years ago

Read 2 more answers

Which of the following requirements must be met before a lender may begin the power of sale

alex41 [277]

The lender must wait at least 15 days before receiving notice of a breach of the terms not being upheld and a mortgage default. This authority is frequently outlined in a clause in the mortgage contract between the lender and the borrower.

What is power?

The ability to exert authority, control, or influence over another person is referred to as having "power." Decision-making has benefited from the power.

According to the mortgage laws, a lender must wait at least 15 days before receiving notice that their mortgage has defaulted due to a breach of the terms. The mortgage contract between the lender and borrower often include a clause expressing this authority.

As a result, mortgage act as 15 days notice period, breach of contract and legal obligations.

Learn more about on power, here:

brainly.com/question/3586518

#SPJ1

3 0

2 years ago

In what category is the purchase of a computer by a person for household use in national income accounting, that is, in how we c

Nataliya [291]

Answer:

is counted in C, personal consumption

Explanation:

GDP = Consumption spending + Investment spending + Government Spending + Net Export

Consumption spending is all spending by households on services and goods which could be either durable or non durable goods.

Investment is spending by businesses.

I hope my answer helps you

6 0

3 years ago