1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
11111nata11111 [884]
3 years ago
8

a company had no office supplies available at the beginning of the year. during the year, the company purchased $370 worth of of

fice supplies. on december 31, $125 worth of office supplies remained. how much should the company report as office supplies expense for the year
Business
1 answer:
Galina-37 [17]3 years ago
5 0
Answer: $245

Supplies expense = Supplies purchased during the period - Ending balance of supplies on hand

= 370-125
= $ 245
You might be interested in
Case Study: Capitalization versus Expensing
Solnce55 [7]

Answer:

Please see attachment

Explanation:

Please see attachment

7 0
3 years ago
Which one of the following basic patterns of demand is difficult to predict because it is affected by national or international
alexdok [17]

Answer: D) cyclical

Explanation:

Cyclical Demand is difficult to predict because it goes according to the business cycle and hence is affected on a Macro Economic scale by events at a National or International level.

This means that something could be in demand today but the demand could fall or rise sharply based on the stage of the business cycle the economy is in.

8 0
2 years ago
For the year ended December 31, Year 1, Fields Company made cash payments of $61,600 for dividends, paid interest of $30,400, pa
Yanka [14]

Answer:

D. $77,600

Explanation:

The $77,600 made to purchase equipment would be reported as a cash outflow in the investing activities section. This is because asset purchased such as equipment is an investment while the cash used to purchase the asset is regarded as cash outflow.

Dividends are recorded in the financing section, while cash paid for interest and paid to suppliers would be recorded in the operating activities.

4 0
3 years ago
Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $1
masya89 [10]

Answer:

Amount deposit = $118,411.4 (Approx.)

Explanation:

Given:

Future amount = $150,000

Rate of interest = 6% compounds semiannual

Number of year = 4 year

Find:

Amount deposit

Computation:

Compounds semiannual

So,

Rate of interest = 6% / 2 = 0.03

Time taken = 4 x 2 = 8 times

So,

A = P[1+r]ⁿ

150,000 = p[1+0.03]⁸

150,000 = p[1.03]⁸

150,000 = p[1.26677]

p = 150,000 / 1.26677

p = 118,411.393

Amount deposit = $118,411.4 (Approx.)

4 0
2 years ago
In a perfectly competitive​ market, all of the following statements are true​ except: A. Marginal revenue is the same as price.
Rashid [163]

Answer: Marginal revenue is equal to price times quantity

Explanation:

A perfectly competitive market is a market where there's a large number of both the producers and the consumers have full and symmetric information.

In a perfectly competitive​ market, the marginal revenue is the same as price and the marginal revenue curve is the same as the demand curve facing sellers.

It should be noted that the statement that the marginal revenue is equal to price times quantity is incorrect. The total revenue is equal to price times quantity.

6 0
3 years ago
Other questions:
  • Derrick Iverson is a divisional manager for Holston Company. His annual pay raises are largely determined by his division’s retu
    11·1 answer
  • When an administrator at a local hospital prepares a series of charts and graphs pertaining to the patients that have stayed at
    7·1 answer
  • Mary transferred a life estate in her home to John based on the life of Ned Green. Mary's interest in the property is known as a
    11·1 answer
  • When an asset is sold, a gain occurs when the:______.
    14·1 answer
  • On January 1, 2021, Nath-Langstrom Services, Inc., a computer software training firm, leased several computers under a two-year
    12·1 answer
  • Suppose Bev's Bags makes two kinds of handbags—large and small. Bev rents an industrial space where she keeps the fabric, the in
    12·1 answer
  • _____ makes it illegal to refuse to rent to a person who is disabled.
    6·2 answers
  • The Postal Service is negotiating a new three-year agreement with two of its unions. One represents the clerks and one the mail
    6·1 answer
  • The eu has benefited firms in its member nations because.
    10·1 answer
  • which channel is typically used for short, one-to-one or one-to-many messages and is ideal for quick announcements and confirmat
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!