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KatRina [158]
3 years ago
11

"during its first year of business, xyz inc. purchased $1,600 of supplies. by the end of the year, only $500 of supplies remain

in the supply cabinet. determine the amount to be reported in the supplies account in the adjusted trial balance section of the worksheet prepared on december 31."
Business
1 answer:
algol [13]3 years ago
6 0

The correct answer is $500.

An adjusted trail balance is prepared at the end of the accounting period. On this statement you will have what the value of the supplies in inventory is on the last day of the accounting cycle. In this example there are $500 worth of supplies left, which is why it is the correct answer.

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harkovskaia [24]

Answer:

E. 1.667

Explanation:

Current ratio is computed as;

= Current assets / Current liabilities

Current asset = Cash $200 + Marketable securities $400 + Accounts receivable $600 + Inventory $800

= $2,000

Current liabilities = Accounts payable $500 + Notes payable $700

= $1,200

Current ratio = $2,000 / $1,200

= 1.667

7 0
3 years ago
Justin Peter earned a salary of $30,000 during 2019. During the year, he was required by his employer to take several overnight
zalisa [80]

Answer:

The answer is: D) $31,500

Explanation:

If Justin didn't account his expenses to his employer, then any extra amount given to him should be added to his gross income. In Justin's case his gross income should be $31,500 ($30,000 + $1,500). On the other hand, if he would have accounted his expenses to his employer, then the $1,500 wouldn't be added to his gross income.

5 0
3 years ago
The next dividend payment by Company A, will be $1.92 per share. The dividends are anticipated to maintain a growth rate of 6 pe
ryzh [129]

Answer: 11.05 %

Explanation: Required return can be defined as the measure of profitability of business in relation to its different types of securities such as equity, preference and debt.

In this problem we can compute return on equity by using following formula :-

cost\:of\:equity\:=\:\frac{expected\:dividend}{current\:price}+growth

cost\:of\:equity\:=\:\frac{1.92}{38}+0.06

11.05%

6 0
3 years ago
Which of the following is a typical outcome of free trade? Unrestricted international trade generally increases the overall pros
d1i1m1o1n [39]

Answer:

Unrestricted international trade generally increases the overall prosperity of poor countries.

Explanation:

According to my research on free trade agreements, I can say that based on the information provided within the question usually free trade or Unrestricted international trade generally increases the overall prosperity of poor countries. This is because it removes import and export barriers and allows for new markets to develop and an inflow of cash to come into the country. This is why free trade agreements were created even though it sometimes has an opposite effect like bad working conditions, job loss, and economic decline for some countries but these are very situational effects.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
When applying for a loan, the lending institution evaluates a potential borrower's ability to complete repayment on a loan, cash
viktelen [127]

Answer:

D. Capacity

Explanation:

In order to applying for a loan, the financial institution analyze the borrower information in terms of creditworthiness i.e. collateral property, cash on hand, repayment conditions, status of the job. These factors should be based on the capacity of the borrower whether he or she is eligible for a loan or not

Therefore according to the given situation, the option D is correct and the same is to be considered

6 0
4 years ago
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