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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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Assume real per capita GDP in West Swimsuit is $10,000 while in East Quippanova it is $2,500. The annual growth rate in West Swi
Alex787 [66]

Answer:

correct option is B. about 30 years

Explanation:

given data

real per capita GDP west = $10,000

annual growth rate = 2.33%

real per capita GDP east = $2,500

annual growth rate = 7%

to find out

How many years will it take for East  to catch up GDP of West

solution

we know here that future value is equal to real GDP of west after time  will be

future value = real per capita GDP west × rate^{t}

future value = 10000 × (1+0.0233)^{t} .....1

and

future value = real per capita GDP east × rate^{t}

future value = 2500 × (1+0.07)^{t} .....2

compare equation 1 and 2

10000 × (1+0.0233)^{t}  = 2500 × (1+0.07)^{t}

4 (1.0233)^{t}  =  (1.07)^{t}

t = about 30 years

so correct option is B. about 30 years

5 0
3 years ago
Service, repair work, and accessories may be important considerations in a consumer's decision to purchase a particular shopping
xenn [34]

Answer:

True (1)

Explanation:

In deciding whether to buy a particular product, it is important to consider  below pertinent issues :

Serviceability : questions need to  be asked whether the product can be serviced regularly to keep it in usable condition and possible cost of servicing must as well  be considered.

Repairability  : Seller must be asked if the product is repairable in case it is faulty.

Accessories : Availability of accessories in the market must be confirmed from the seller in case we need to replace any part.

Failure to sort out above  issues before buying  may result in wasting of money at the end of the day even though product might have been bought  at a cheaper lock-in price.

6 0
2 years ago
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Rainbow [258]

Answer:

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$3+$3=$6/2= $3

If Jacob decides to eat the burrito:

$3+$5= $8/2= $4

So, the marginal cost to Jacob ordering a burrito is:

$4-$3= $1

7 0
3 years ago
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ratelena [41]

To accurately determine the financial performance of a company, it is necessary to compare its performance from <u>year to year</u>.

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Financial performance indicators are quite necessary as they are quantifiable metrics which are used to measure how well a company is doing. Some companies also hire an outside accounting firm to audit the financial statements.

Hence, it is necessary to compare the financial performance of a company from year to year.

To learn more about financial performance here:

brainly.com/question/17307055

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