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vesna_86 [32]
3 years ago
9

Acme Enterprises began the new year owing its suppliers $3,000 for merchandise purchased last year. Acme then sold half of this

merchandise for $5,000 on account. Two weeks later, Acme paid its suppliers $1,000 and bought another $4,000 of merchandise on account. Acme now has an Accounts payable balance of ______. $4,500 $5,500 $11,000 $6,000 $1,000
Business
1 answer:
Sedaia [141]3 years ago
8 0

Answer:

Acme's current balance of accounts payable is $6000

Explanation:

The closing balance of accounts payable can be calculated using the opening balance and adjusting the changes during the period to the opening balance.

The closing balance can thus be calculated as:

Closing balance = Opening balance + Credit purchases - Payment to Accounts payable

Closing balance = 3000 + 4000 - 1000

Closing balance = $6000

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The national debt, as of 1992, _____amounted to dollars.
ziro4ka [17]
<span>The national debt, as of 1992, amounted to </span><span>4 trillion </span><span>dollars.</span>
7 0
3 years ago
Read 2 more answers
Vice President Kim must tell Phuong that Phuong's employment ends within two weeks. The best channel of delivering this message
Mars2501 [29]

Answer:

office memorandum.

Explanation:

An office memorandum is a written message used as a means of communication of policies, decisions or procedures issued by an appropriate authority to another within the same organization.

Simply stated, an office memorandum is used to issue instructions or for communicating an action or decision reached by the executive arm of an organization to another, such as subordinates within the same organization.

In this scenario, if Vice President Kim must tell Phuong that Phuong's employment ends within two weeks. The best channel of delivering this message is through the use of an office memorandum.

The office memorandum typically states the sender and who the recipient is in its header.

Also, the purpose of the memorandum is often stated with a declarative sentence of the subject matter.

3 0
3 years ago
Kylie has been practicing repeating phrases such as, "I know I don’t wear the latest fashions, but I am comfortable. Surely othe
Alex787 [66]

Answer: Self-affirmations

Explanation:

Here, in this particular case Kylie has been using affirmations that act as the positive statements in order to help her overthrow the self-hindering, sabotaging ,disrupting negative thoughts and ideas. For an individual to use these affirmations, they should first examine the thoughts and attitudes that they would like to change.

7 0
3 years ago
Pablo Company has budgeted production for next year as follows: Quarter First Second Third FourthProduction in units 59,000 99,0
AVprozaik [17]

Answer:

Purchases= 408,000 pounds

Explanation:

Giving the following information:

Production:

2nd Q= 99,000 units

3rd= 109,000 units

Four pounds of material A are required for each unit produced.

Desired ending inventory= 30% of the next quarter's production

<u>To calculate the purchases for the second quarter, we need to use the following formula:</u>

Purchases= production + desired ending inventory - beginning inventory

Purchases= (99,000*4) + (109,000*4)*0.3 - (99,000*4)*0.3

Purchases= 396,000 + 130,800 - 118,800

Purchases= 408,000 pounds

6 0
2 years ago
Tache Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding D
leonid [27]

Answer: c. $1.994

Explanation:

Cost per Equivalent Unit of Production (EUP) for Conversion = Total Conversion costs/ EUP

Total Conversion cost

= Conversion cost for beginning work in process inventory + Conversion cost incurred in the month

= 7,840 + 203,300

= $211,140

EUP = Units completed + Percentage of ending Units completed with regards to conversion

= 92,900 + (90% * 14,450)

= 105,905 units

Cost per Equivalent Unit of Production (EUP) for Conversion = 211,140 / 105,905

= $1.9936

= $1.994

8 0
3 years ago
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