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valkas [14]
3 years ago
15

The Supplies account for Vulcan Cleaning Services had a debit balance of $200 at the beginning of the month. Additional supplies

of $1,400 were purchased during the month. A physical count of supplies revealed that $600 of supplies was still on hand at the end of the month. What was total Supplies expense for the month?
Business
1 answer:
dmitriy555 [2]3 years ago
7 0

Answer:

$1,000

Explanation:

Beginning balance in supplies account = $200

The supplies account is an asset account and ordinarily should have a debit balance. If additional supplies of $1,400 were purchased during the month, it goes into the account as a debit.

If at the end of the month, only $600 of supplies was still on hand total supplies expense

$200 + $1,400 - supplies expense = $600

supplies expense = $200 + $1,400 - $600

= $1,000

The supplies expense is debited when supplies are used and the corresponding credit goes to the supplies account.

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The country of Yokovia does not trade with any other country. Its GDP is $20 billion. Its government collects $2 billion in taxe
nikitadnepr [17]

Answer:

(a) $3 billion

(b) -$1 billion

Explanation:

All are in terms off billion

Y = 20

T = 2  

C = 15

I = 2

we know that Y = C + I + G  

20 = 15 + 2 + G  

20 - 17 = G  

G = 3  

So the value of the goods and services purchased by the government of Yokovia = 3 billion

Public saving = T - G  

                       = 2 - 3

                       = - 1 billion

8 0
3 years ago
Which of the following are not considered earned income for EIC computations? a. Wages b. Tips c. Interest earned from a bank ac
geniusboy [140]

Answer:

The right answer is option (C).

Explanation:

Earned income can be defined as the income of a person which he earns by working and efforts.

Hence according to the question, the most appropriate answer is option (C) because interest earned from a bank account is not the result of any personal efforts and hence it is not considered as earned income for EIC.

While the other options are wrong because of the following reasons:

  • Wages can be defined as the income a person gets after working for some company, hence it is considered as the earned income.
  • Tips are also an outcome of personal efforts to make clients happy and hence it also considered as the earned income.
  • Self-employed income can be defined as the income a person gets for his work as a freelancer and hence it also considered as the earned income.  
8 0
3 years ago
San Mateo Company had the following account balances at December 31, 2018, before recording bad debt expense for the year: Accou
daser333 [38]
300-200=100 I’m so smart
5 0
3 years ago
Explain three types of production technology defined by James D. Thomson and discuss what kind of structure (Mechanic Vs. Organi
bija089 [108]

Answer:

The three types of production technology defined by James D. Thomson are;

1. Long-linked technology

2 Mediating technology and,

3. Intensive technology.

Explanation:

James D. Thomson proposed that different types of technology would determine the organizational strategy used by some organizations. A Mechanistic structure is an organizational structure that requires a high degree of formalized and centralized activity. An Organic organizational structure is very dynamic and programmed to easily adapt to change. Three of the technology types proposed by him include;

1. Long-linked Technology- These are jobs that require an organized sequence. Task A is completed before task B and then Task C. They require formalization and an average level of complexity. An example is mass production of goods. It is an organic structure because changes can easily occur and it would therefore require dynamism.

2.Mediating Technology- These are jobs that unite the two different aspects of an organization, namely, the input and output units.  They require low complexity and high formalization. An example is in the banking industry where peoples input and output are simultaneously attended to. It is a mechanistic structure because it requires a very formal arrangement.

3. Intensive Technology- These are jobs that give specialized care to different types of problems. It can be found in the hospital setting. It requires high complexity and low formalization. It is a mechanistic structure because of the specialized care rendered and the high level of interdependence of the units involved .

6 0
3 years ago
Diversity has become a critical bottom-line business strategy in today's global economy.
baherus [9]

The statement "Diversity becomes the critical & bottom line strategy of the business for the today economy" is true.

The information regarding diversity is as follows:

  • There is a recent study regarding the Boston Consulting Group i.e. BCG in this, the diversity rises the bottom lines for the organization.
  • It has a direct impact on the bottom line.

Therefore we can conclude that the statement "Diversity becomes the critical & bottom line strategy of the business for the today economy" is true.

Learn more about the diversity here: brainly.com/question/1201548

5 0
3 years ago
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