A company usually determines the amount of supplies used during a period by:

1 answer:

5 0

<span>Supplies used in the period is computed by taking the difference between the balance of the Supplies account and the cost of supplies on hand. The sum of supplies that aren't used as of the balance sheet date must be stated in the asset account Supplies or Supplies on Hand. The supplies that have been used during the accounting period must be stated in the income statement account Supplies Expense. Essentially, supplies are assets until they are used. When they are used, they become an expenditure.</span>

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Select the statement that does not support the narrow view of non-managerial employees' responsibilities to their employer, the

devlian [24]

Answer:

B. Employees who agree to obey employers are not truly abandoning their own responsibility.

Explanation:

This statement contradicts the narrow-view because it is telling us that even if employees obey managers in most, of all cases, employees also have their own, authonomous responsabilities, which, by their own will, they try to fulfill, giving them individual agency outside of direct employer control.

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3 years ago

The factors that need to be determined to compute depreciation are an asset's: a. Cost, residual value, and physical life. b. Fa

lakkis [162]

Answer:

Cost, residual value, and service life

Explanation:

The computation of depreciation requires three (3) inputs.

Cost: the acquisition cost of the asset

Residual value: the value at which the asset will be sold

Service life: the number of years the assets will be used by a company (also known as useful life).

Thus $Depreciation = \frac{Cost - Residual Value}{Service Life}$

Physical life will be inappropriate because the physical life includes not only the useful life of the asset in a company, but also the life of the asset when it is sold.

The fair value of an comes into play when the asset is revalued, usually for a sale. Replacement value is similar to fair value as it is the market value of the asset at a given point in time.

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3 years ago

What must businesses do in order to fulfill their legal and financial regulations?

geniusboy [140]

<span>What businesses must do in order to fulfill their legal and financial regulations is report information about the assets they sell. Whatever happens to their assets, if they acquire new ones or sell old ones, these business have to report about their activities to the higher authorities. So, for example, if they buy or sell a piece of land, this has to be reported immediately.</span>

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4 years ago

Read 2 more answers

A company is targeting its marketing by running an advertising campaign showing a hmong family celebrating its traditions during

salantis [7]

The area of the consumer decision that is being used by this company is the target of American culture, an ethnic subculture, and family.

<h3>What is consumer decision?</h3>

This is the term that is used to refer to the decisions that are being made by people in the consumption of goods and services.

People make these decisions based on their families, their culture and the area that they find themselves.