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Elenna [48]
3 years ago
7

The General Fund reported a beginning balance of inventory of materials and supplies of $122,000. The ending balance was $150,00

0. Supplies purchased during the year totaled $600,000. The county uses the consumption method. The General Fund should report expenditures for materials and supplies for the year of:_________.A. $ 450,000 B. $ 572,000 C. $ 600,000 D. $ 628,000
Business
1 answer:
alexandr1967 [171]3 years ago
5 0

Answer:

$572,000

Explanation:

Consumption refers to the utilization of goods and services.  Consumption results in customer satisfaction. In accounting for inventory, the consumption approach considers only the products that have been consumed in a particular period.

The applicable formula is

consumption = beginning  inventory + purchases - ending inventory

For general fund

Beginning inventory = $122,000

Purchases=$600,000

Ending balance = $150,000

Consumption = $122,000 + $600,000 - $150,000

consumption = $722,000-$150,000

=$572,000

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According to Anne Roe’s personality theory of career choice, people choose occupational fields based on their <u>need structures</u>, which were influenced by the childhood environments that they experienced.

<u>Explanation</u>:

Anne Roe’s personality theory of career choice was well explained in her book <u>“Psychology of Occupations”</u>. There are certain factors that influence in deciding the career of a person. The factors are psychology, biology and sociology of a person.

Individuals decide their field of work based on their demands and needs. The childhood experience may also influence the occupation field of the person. Need structure provides the requirement of the person according to their lifestyle and requirements.

4 0
3 years ago
What causes a liability to be credited and an expense to be debited?
UkoKoshka [18]
<span> Recording the accrual of salaries incurred.</span>
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Major retail firms such as Walmart have used data mining to customize the product offerings for each store.
Gwar [14]
Answer
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Explanation
Data mining is the process of turning raw data into useful information
3 0
3 years ago
Read 2 more answers
what is a patent registration, design registration, NDA( non disclosure agreement, and a trademark registration
nata0808 [166]

Answer:

find all answers in the explanation below

Explanation:

Patent Registration: This can be defined as the registration of the protection an invention to ensure that no one can make a copy of the said invention elsewhere. A patent registration is usually done after obtaining a patent right. A patent is the protection of an invention or idea to ensure that it is not produced or sold, etc by another individual. Patents are usually issued by the Patent and Trademark Office

Design Registration: This is the registration of a design such that it cannot be used elsewhere by another person. The registration of a design helps to protect the external look of an invention or product to ensure it is unusable anywhere else.

Non disclosure agreement: This is a legal contract that exists between two parties in which confidential messages, information, etc exchanged between them cannot be revealed to a third party. A non disclosure agreement is also called a confidential agreement or secrecy agreement or confidential disclosure agreement, etc among other names.

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Cheers.  

8 0
3 years ago
The next 5 questions use the same below information. Company C had the following investment. Help them determine the financial s
valentinak56 [21]

Answer:

$143,600

Explanation:

Calculation for What is net income for 20X1 assuming the investment is short-term

Using this formula

Net income for 20X1 = Sales – Expenses + Unrealized gain on short-term investments

Let plug in the formula

Net income for 20X1 = $1,670,200 - $1,536,600 + $10,000

Net income for 20X1= $143,600

Therefore the net income for 20X1 assuming the investment is short-term will be $143,600

7 0
3 years ago
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