1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Paraphin [41]
3 years ago
9

A company purchased $270,000 in supplies during the year. The supplies account increased by $10,000 during the year to an ending

balance of $66,000. For what amount was the adjusting entry to supplies expense?
Business
1 answer:
LuckyWell [14K]3 years ago
7 0

Answer:

$260,000

Explanation:

Opening balance = Ending balance - Increase in ending balance

=$66,000 - $10,000

=$56,000

Supplies Expenses = Opening balance + Purchases - Closing balance

=$56,000 + $270,000 - $66,000

=$336,000 - $66,000

=$260,000

Therefore, the amount that will be the adjusting entry to supplies expenses is $260,000

You might be interested in
In 2007, Salesforce.com recognized an emerging market for platform as a service (PaaS) offerings and developed a new competency
Debora [2.8K]

Answer:

Option D. Building new core competencies to create and compete in markets of the future.

Explanation:

The market entrants when enter they don't have any share of market. To attain the market they bring with them uniqueness in their product which the rival companies cann't offer. For this reason, many existing companies try to add additional capabilities and competencies in its existing strengths. This uniqueness achieved gives a competitive advantage which means the correct option is option D.

7 0
2 years ago
Chester's balance sheet has $105,027,000 in equity. Next year they expect Assets to increase by $4,000,000 and Liabilities to de
Murljashka [212]

Answer:

107,027,000 is the total book value

Explanation:

So, you would start by adding 105,027,000 to 4,000,000 that gives you 109,027,000. Then you would subtract 109,027,000 and 2,000,000 that gives you 107,027,000

Therefore your answer will be 107,027,000

6 0
2 years ago
performance management requires knowing what activities and outputs are desired, observing whether they occur, and providing fee
mina [271]

The above statement is true.

  • An ongoing, continuous process of articulating and outlining work obligations, priorities, performance standards, and development plans that maximize performance and support organizational objectives.
  • The process of ensuring that a set of actions and outputs achieves the objectives of an organization effectively and efficiently is known as performance management. Performance management can be used to evaluate an employee, a department, a whole business, or the systems in place to handle certain tasks.
  • The performance management cycle is a smaller, continuous four-step process that uses planning, monitoring, reviewing, and rewarding as part of the performance management process or strategy.
  • Performance reviews, key performance indicators (KPIs), and management dashboards are a few examples of performance management procedures or instruments. Performance management is essentially what businesses undertake to increase their success and keep a step ahead of the competition.

Thus this is the meaning of performance management.

To learn more about performance management, refer: brainly.com/question/14506325

#SPJ4

5 0
11 months ago
In a furniture store, a window display shows how colorful lamps and pillows
Zanzabum

Answer:C

Explanation: Provide a link to show how brighten a room is

3 0
3 years ago
Choose all that apply. Select all the laws and regulations that protect your bank account. Truth in Savings Act Electronic Fund
qaws [65]
I need to know what the chocies are so i can answer your question

5 0
3 years ago
Read 2 more answers
Other questions:
  • % of the world's population controls approximately _____% of the world's finances (the sum of gross domestic products)" quizlket
    8·1 answer
  • According to Lee, by developing collaborative relationships with suppliers and customers, employing postponement, building a dep
    8·1 answer
  • On March 1, 2018, Rose Company invests $12,000 in Sprouts, Inc. stock. Sprouts pays Rose a $350 dividend on October 1, 2018. Ros
    8·1 answer
  • Q 6.29: Accurate Auditing is conducting an inventory count for Blake Industries. Blake intermingles empty boxes with full boxes
    8·1 answer
  • Which of these statements represent ideas that Peter Drucker introduced in his book The Practice of Management? (select all that
    15·1 answer
  • We note in the mini-case that hian celestial is implementing the differetiation strategy. Provide examples of competive dimensio
    12·1 answer
  • M Company has the following information available before recording the adjustment at the end of the year: Accounts Receivable $8
    15·1 answer
  • Lang Co. issued bonds with detachable common stock warrants. Only the warrants had a known market value. The sum of the fair val
    14·1 answer
  • Which 4 methods allow clients to process digital payments from customers using QuickBooks Online Payments? (Select all that appl
    11·1 answer
  • A reduction in the saving rate starting from a steady state with more capital than the golden rule causes investment to?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!