The hospitality and tourism industry grew out of what activity?

The supplies inventory on August 1, 2017 was $9,350. Supplies costing $24,150 were acquired during the year and charged to the s

VikaD [51]

Answer:

supplies expense 24,690 debit

supplies 24,690 credit

to record used supplied for the period

Explanation:

we will calcualte the suppliesexpense as follows:

beginning supplies + purchase = ending + consumption

the left side are the input of supplies from the period.

They can be in stock from prior period or being purchased during the current period

Then, the right side is the destination, they could be used or keep at inventory

Now, we plug the values into the formula andd solve for the missing value:

9,350 + 24,150 = 8,810 + consumption

9,350 + 24,150 - 8,810 = consumption = 24,690‬

This will be the supplies expense to recognize

3 0

3 years ago

Jamal needs to add universal action buttons to the slide master. Under which tab can the PowerPoint slide master be found? Desig

lukranit [14]

Answer:

View tab

Explanation:

The PowerPoint slide master can be found in the view section. To find the slide master, click on the view tab in the PowerPoint presentation and scroll to slide master.

Cheers.

8 0

2 years ago

____ is not a characteristic common to all organizations. Select one: a. Equal authority and responsibility b. Common goal or pu

Lyrx [107]

Answer: Equal Opportunity and Responsibility.

Explanation: Every successful organization share in common: a common goal they target to achieve, proper coordination, and hierarchy of authority.

In most organizations authority is NOT equal and each individual has their key roles they perform to ensure success is achieved.

There is always a leader or a team of leaders and those following their lead.

5 0

3 years ago

Which of the following statements is FALSE?

Vlada [557]

Answer:

Total return equals earnings multiplied by the dividend payout rate.

Explanation:

Total return is calculated as appreciation of price plus dividend paid, divided by the original price of the stock.

The income gained on a stock is the increase in its value along with dividend that is paid out. This is compared to the original price (denominator) to determine how much returns is realised on the stock.

Mathematically

Returns= {(New price- Old price) + Dividend} ÷ Old price

So the statement total return equals earnings multiplied by the dividend payout rate is false

5 0

2 years ago

Jacoby Company received an offer from an exporter for 26,200 units of product at $18 per unit. The acceptance of the offer will

Leokris [45]

Answer:

The change in revenue (differential revenue from the acceptance of the offer) will be $ 471600

Explanation:

The revenue represents the total sales of the product, regardless of the costs, then If the company produced initially Q units the initial revenue will be

Initial Revenue=total sales= P₁*Q₁

- Since the offer does not alter the domestic sales prices P₁ , the price P₁ remains constant.

- Since the sales does not affect normal production , the quantity sold to the domestic market Q₁ is also not affected ( i don't need to resign units to the domestic market to sell to the exporter)

then

New revenue= Revenue from the exporter + Revenue from the domestic market = Revenue from the exporter + Initial revenue

where Revenue from the exporter=P₂*Q₂ , P₂= price sold to the exporter and Q₂= units sold to the exporter

therefore the change in revenue will be

Change in Revenue= New revenue - Initial Revenue = Revenue from the exporter

Change in Revenue=P₂*Q₂=$18 /unit* 26200 unit = $ 471600

Note:

The profit represents the revenue, taking into account the costs. Then the change the initial profit will be

initial profit = P₁*Q₁ - (CF+CV*Q₁)

the New profit

New profit = P₂*Q₂+ P₁*Q₁ - [CF+CV*(Q₂+Q₁)]

and the change in profit

change in profit= New profit - initial profit = P₂*Q₂+ P₁*Q₁ - [CF+CV*(Q₂+Q₁)] -[P₁*Q₁ - (CF+CV*Q₁)]= P₂*Q₂ - CV*Q₂ = (P₂- CV)*Q₂ = ($18 /unit- $12 /unit)* 26200 unit = $ 156000

3 0

3 years ago