Answer:
D.) debit Supplies Expense. $5,500; credit Supplies, $5,500
Explanation:
First, let's talk about the amount.
On June 2 they purchased supplies worth $6,500 and recorded it as an ASSET. Debited on "Supplies" Account
Then on June 30, only $1,000 is on hand. That means that $5,500 worth of supplies must have been used (Solved as 6,500 less 1,000)
Now, the entry should reduce the "Supplies" Account since there were only $1,000 left. So it's correct to credit Supplies for $5,500 to reduce $6,500 into $1,000 worth.
The corresponding debit would consequently be "Supplies Expense" since $5,500 worth of supplies was used for the month.
Answer and Explanation:
When there is price fixing between two competitors, if one competitor chooses to fix the price it should not exceed competutors marginal cost and should be above his marginal cost.
Since the price fixing of $10 will be fined then the ideal price to maximize the profit would be below the competitors price $ and above his marginal cost $.
The ideak price to maximize profits would be (competitors price $ + his marginal cost $)/2, This price would be above his marginal cost and below competitors price.
The six career tracks that make up the business management and administration career cluster are general management, business information management, human resources management, operations management, accounting, and administrative support.
<h3>What is business management and Business administration?</h3>
Business administration, which is sometimes focused on certain industries, concentrations, or job titles within a corporation, is the study of business as it relates to operations and leadership. Students can prepare for a range of jobs within a company by earning a degree in business administration, which provides leadership and analytical skills essential to the current corporate world. Concentrations on a particular industry or job, such human resource management or healthcare, are available for some business administration degrees.
Business management is the process of setting up and overseeing a company's resources, such as its employees, finances, and information. The core function of business management is to oversee both small- and big-project teams.
To know more about business administration and management visit:
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<span>"The smallest deed is better than the greatest intention"
Here's my look on this saying:
Many of people, including myself have talked about our great intentions to impact somebody or some place. We might intend to do something, but forget about the importance of following through with those intentions. It is far better to make time to complete small good deeds than to spend your time talking about what you will do “one day.” This can be brought back to the quote, "No deed is too small the be appreciated". No matter how much good we intend to do, it will never compare, in all actuality, to how much good we actually do.
Thank you for your question! I hope this helped! Have an amazing day! :D
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It is absolutely true that staying objective allows you to better assess the results of an action plan. The correct option among the two options that are given in the question is the first option. It is important to assess the results of an action plan because only then will a person be able to improvise the plan for a better result.
