Business related purpose. There is no serious connection just lawyer to client and client to lawyer
Answer:
Debit Supplies expense $5,661
Credit Supplies account $5,661
Explanation:
At the time of purchasing supplies, the entries includes a debit to supplies accounts, and a credit to cash or accounts payable which is dependent on whether the cash purchased was done via cash or an account
For supplies used, debit supplies expense and credit supplies account. The movement in supplies account over a period is due to purchases and its expressed as;
Opening balance + Purchases - Supplies used = closing balance
$1,693 + $4,413 - Supplies used = $445
$6,106 - Supplies used = $445
Supplies used = $6,106 + $445
Supplies used = $5,661
Answer:
CPI = 110
Explanation:
The consumer price index(CPI) measures the general change in prices for a basket of goods and services in an economy over time. The basket of goods and services is representative of consumer spending in the economy.
The formula for calculating CPI with a base year is as below.
consumer price index = <u>cost of the market basket in a given year </u> x100
cost of a market basket at the base
In this case,
CPI = $ 5500 x 100
$ 5000
CPI = 11 x 100
CPI =110
Answer:
Only Statements B and C are positive statements.
Explanation:
Here we are given a set of statements and we have to find out which all are positive statements,
Positive statements are objective statements that can be tested, amended or rejected by referring to the available evidence.
The first statement is just an opinion of some person and hence not a positive statement.
The second statement has solid evidence and can be considered as a positive statement.
The third statement is also positive statement.
The fourth is again an opinion and hence is not a positive statement.
