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lara [203]
2 years ago
14

At the beginning of the​ month, supplies were $ 6 comma 000. During the​ month, $ 7 comma 000 of supplies were purchased. At​ mo

nth's end, 2 comma 000 of supplies are still on hand. What is the bullet adjusting​ entry? bullet ending balance in the Supplies​ account? ​First, prepare the adjusting journal entry for Supplies. ​ (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts and Explanations Debit Credit The ending balance in the Supplies account was $ .
Business
1 answer:
Lena [83]2 years ago
6 0

Answer:

Adjusting Entry

Cost of goods sold (Dr.) $11,000

Beginning Inventory (Cr.) $6,000

Purchases (Cr.)   $5,000

Closing Entry

Ending Inventory (Dr.)  $2,000

Income Summary (Cr.)         $2,000

Explanation:

The adjusting entry is made by debiting cost of goods sold account which reflects the amount of inventory sold during the month and the entry is credited by beginning inventory of $6,000 and the remaining amount which is $5,000 is credited in purchases account.

The closing entry is made by debiting the ending inventory by the amount of $2,000 and Income Summary account is credited by the same amount to close the inventory account.

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g FisherCo is intending to invest in a new project. The ________ is the minimum rate of return the firm will accept on this proj
IrinaK [193]

FisherCo is intending to invest in a new project. The hurdle rate is the minimum rate of return the firm will accept on this project.

The hurdle rate is the minimum rate of return a project must have in order for a project to be accepted. It can also be referred to as the discount rate or the required rate of return or the cost of capital.

When the hurdle rate is greater than the internal rate of return of a project, the project would be rejected. If the hurdle rate is less than the internal rate of return of a project, the project would be accepted.

To learn more, please check: brainly.com/question/17439820

6 0
2 years ago
Why the economy sees business cycle fluctuations rather than slow, smooth growth is a central issue of ______.
____ [38]

The financial system sees commercial enterprise cycle fluctuations in preference to slow, easy boom is a crucial trouble of Economic shocks.

The required details for Economic shocks in given paragraph

An financial surprise refers to any extrude to fundamental macroeconomic variables or relationships that has a considerable impact on macroeconomic effects and measures of financial performance, which includes unemployment, consumption, and inflation. Shocks are regularly unpredictable and are generally the end result of occasions concept to be past the scope of regular financial transactions. Economic shocks have full-size and lasting outcomes at the financial system, and, in accordance to actual commercial enterprise cycle theory (RBC), are concept to be the foundation purpose of recessions and financial cycles. Economic shocks are random, unpredictable occasions which have a full-size effect at the financial system and are due to matters outdoor the scope of financial models.

Economic shocks may be labeled with the aid of using the financial area that they originate from or with the aid of using whether or not they mainly affect both deliver or demand. Because markets are connected, the outcomes of shocks can pass via the financial system to many markets and feature a main macroeconomic effect, for higher or worse.

To know about Economic shocks click here

brainly.com/question/29704208

#SPJ4

6 0
1 year ago
The price index was 150 in the first year, 142.5 in the second year, and 138.2 in the third year. The economy experienced:______
Maslowich

Answer:

The correct answer is:

5.0 percent deflation between the first and second years, and 3.0 percent deflation between the second and third years. (a)

Explanation:

to calculate the percentage deflation, we will simply calculate the percentage change in price between the years stated. This is calculated as follows:

% change = \%\ change = \frac{P_2 - P_1}{P_1} \times 100\\where:\\P_1 = initial\ price\ index\\P_2 = New\ price\ index\\for\ first\ and\ second\ years\\\therefore \%\ change = \frac{142.5 - 150}{150} = \frac{-7.5}{150}= -0.05  \times 100 = -5\%\\

Note that the negative sign shows a deflation.

if you use the same method for years two and three, you should get -3%, using P₁ as 142.5 and p₂ as 138.2. Hence option 'a' is correct.

7 0
3 years ago
$16,281$⁢16,281 is invested, part at 15%15% and the rest at 13%13%. If the interest earned from the amount invested at 15%15% ex
aleksandr82 [10.1K]

Answer:

Ans. The amount invested at 13% was $1,595.97 and $14,685.03 were invested at 15%

Explanation:

Hi, you can solve this by using 2 equations, so let X be the portion of the money invested at 15% and Y be the amount invested at 13%. So the equation for the whole amount is:

X+Y=16,281

Now, the problem says that the money that you earn by investing at 15% exceeds the money received as interest in your investment of 13% by $1,995.27, this leads us to the second equation.

0.15X=0.13Y+1995.27

Now, to make it a little more friendly, we just have to go ahead and divide everything by 0.15, so we get.

X=0.8667Y+13,301.8

Now, in our first equation, we substitute X fo 0.8867(Y)+13,301.8 and we will see this.

0.8667Y+13,301.8+Y=16,281

Now, we solve for Y

1.8667Y=16,281-13,301.8

Y=\frac{2,979.2}{1.8667} =1,595.97

So the money invested at 13% was $1,595.97 therefore, the money invested at 15% was $16,281 - $1,595.97 = $14,685.03

And we can check this results like this. The money invested at 15% will return an amount of:

14,685.03*0.15=2,202.75

And the money invested at 13% will return

1,595.97*0.13=207.48

Substracting, we would found that the difference is:

2,202.75-207.48=1,995.27

Best of luck.

5 0
3 years ago
Managerial implications for the SDT theory include: Group of answer choices to motivate high performance for uninteresting jobs
geniusboy [140]

Answer:

to motivate high performance for uninteresting jobs make performance contingent on extrinsic rewards.

Explanation:

Extrinsic rewards means the motivation i.e. controlled and produced via payment, awards and appreciations. In the case when the job is not interesting so the motivation level should be high in this situation and when the job is interesting the motivation level should not high

So as per the given situation, the above statement should be considered as an answer

4 0
3 years ago
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