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
Annette [7]
3 years ago
5

The Supplies Expense account was debited $1,240 by the Sanford Company for office supplies purchased during the first year of op

erations. At year-end, the office supplies on hand were counted and the cost of the on-hand items was $880. The appropriate adjusting entry would:
Business
1 answer:
Gre4nikov [31]3 years ago
5 0

Answer:

The Decrease in expenses $360

Explanation:

Since the supplies expense is debited by $1,240 for office supplies purchased

and the office supplies on hand is $880

So, the remaining office supplies left is

= Supplies expenses debited for Office supplies purchased -  office supplies on hand

= $1,240 - $880

= $360

This $360 represent that there is a decrease in expenses

You might be interested in
You have been hired as an economic consultant to the mayor. he is considering putting a tax on several products. you are worried
Fittoniya [83]

Answer: b) Supply is inelastic and demand is inelastic.

Explanation: Dead-weight loss is the loss in total surplus when a tax is imposed on a good which restricts demand and supply from balancing. When both the demand and the supply curves are inelastic, the effect of a tax will be lead to a small change in the quantity being traded in the market. Thus, the equilibrium quantity at the taxed price will not fall much and the dead weight loss will therefore, be smaller.

4 0
3 years ago
Macroeconomic policy will be needed to address rising inflation. B There is sufficient aggregate demand to cause inflationary pr
Gala2k [10]

Answer:

The answer is A) Macroeconomic policy will be needed to address rising inflation.

Explanation:

Macroeconomics policy addresses key issues in the economy such as  the structure, performance, behavior, and decision-making of the whole, or aggregate, economy.

The two main areas of macroeconomic research are long-term economic growth and shorter-term business cycles.

In the short term, it focuses on the way the economy performs as a whole and then analyzes how different sectors of the economy relate to one another to understand how the aggregate functions. This includes looking at variables like unemployment Inflation and how it reflect on the Gross Domestic product.

5 0
3 years ago
If the company wishes to increase its total dollar contribution margin by 30% in 2020, by how much will it need to increase its
Brums [2.3K]

Answer:

$35,400

Explanation:

The computation of the increase in sales is shown below:

The Total sales value is

= Number of units sold × selling price per unit

= 2,950 units × $40 per unit

= $118,000

Now if the contribution margin increases by 30, so ultimately the sales is also increased by 30%

Therefore, the increase in sales is

= $118,000 × 30%

= $35,400

7 0
3 years ago
If prices of a good or service are expected to increase in the future, the demand for that good or service will ______ today. If
liubo4ka [24]

The current <u>demand falls</u> if the prices are likely to increase in the future whereas the current <u>demand rises</u> if prices are likely to decrease in the future.

<h3>What is demand?</h3>

Demand is one of the market factors that tells about the goods being purchased by the customers.

When the rates of goods are expected to be rise in the future, then the demand for those goods would downfalls. In contrast, the reverse case will make the demand enhancing. The rise or fall in demand also directly affects the supply by the producers.

Therefore, there is an inverse relationship between futuristic prices and the current demand for products.

Learn more about the demand in the related link:

brainly.com/question/10489478

#SPJ1

5 0
2 years ago
Activity A1 takes 5 weeks, A2 takes 7 weeks, and A3 takes 4 weeks with a 50% probability and 10 weeks with a 50% probability. Wh
meriva

Answer:

12

Explanation:

The computation of the project completion time under the best-case scenario is shown below;

= Activity A1 weeks taken + activity A2 weeks taken

= 5 weeks + 7 weeks

= 12

We simply added the time taken by activity 1 and activity 2 so that the project completion time could come

5 0
2 years ago
Other questions:
  • The basketball season is about to start, and the owners of the Red Lions team want to advertise that fact in their home metropol
    12·1 answer
  • If a product makes it through a rigorous development process, will it be a sure success?
    5·2 answers
  • Amy's school records describe her as a monochromat. what can we assume about amy's perceptual abilities
    13·1 answer
  • Alpha Mining Company recognizes $2 of depletion for each ton of ore mined. During 2016, 850,000 tons of ore were mined and 725,0
    6·1 answer
  • This problem has been solved! See the answer On January 1, Helmut pays $2,000 for a 10% capital, profits, and loss interest in a
    8·1 answer
  • Yosko Company manufactures luggage sets. Yosko sells its luggage sets to department stores. Yosko expects to sell 2,050 luggage
    13·1 answer
  • Michelle is attending a university where tuition for one year costs $17,300. She has a scholarship worth $5,000 per year. She ea
    10·1 answer
  • The amount of xylene that can be used in household paint is legally limited to 0.03 percent. Anything beyond this amount is haza
    7·1 answer
  • A project requires a $28,000 investment and is expected to generate end-of-period annual cash inflows as follows: Year 1 Year 2
    11·1 answer
  • The category of complainers called irates has a very optimistic sense of the potential positive consequences of all types of com
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!