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navik [9.2K]
3 years ago
14

Office Supplies had a normal starting balance of $75. There were debit postings of $80 and credit postings of $60 during the mon

th. The ending balance is a A. $55 debit. B. $55 credit. C. $95 debit. D. $95 credit.
Business
2 answers:
aleksley [76]3 years ago
8 0
The answer would be a.

kobusy [5.1K]3 years ago
6 0

Answer:

It is 95 debit

Explanation:

i took the test

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The Real Estate Recovery fund is financed through money received from administrative fines and surcharges on new and renewing li
Lelu [443]

Answer:

The correct answer is:  $1,000,000 (one million dollars).

Explanation:

The Real Estate Recovery fund is the poll of money collected to refund people who have been affected somehow by real state brokers or salespeople. Fraud, misrepresentation or deceit are considered for his purpose and it is given only when no benefit can be provided to the person affected after court. If the amount implied is greater than $1,000,000 (one million dollars) the Real Estate Recovery Fund is unable to provide any reimbursement aid.

3 0
3 years ago
An 83-year-old female demonstrating early-stage dementia has just had surgical repair to her fractured left hip. no family membe
VladimirAG [237]
The correct answer in the choices above is that all of the responses are correct, it is because the nurse, social workers and physicians could help in securing the placement of the client in the rehabilitation center when there is no guardian present. For they may be able to provide the client's needs even if the guardian is not present or with the client.
5 0
3 years ago
Money is a "medium of exchange," meaning
inna [77]

Answer:

C is the correct answer to this question.

7 0
3 years ago
Tune Store reports inventory using the lower of cost and net realizable value (NRV). Information related to its year-end invento
Genrish500 [490]

Answer:

inventory impairment/cost of good sold (p/l)   $500

Explanation:

IAS 2 requires that inventory be initially recognized at cost including cost of purchase and other necessary cost incurred in getting the inventory to the location where it becomes available for sale.

Subsequently, the item of inventory is carried at the lower of cost or net realizable value (NRV).

              Quantity    Unit Cost     Unit NRV      Lower of cost/NRV  Amount

Model A    100               $100              $ 120       $100                       $10,000

Model B      50                $50               $ 40        $40                         $2,000

Model C      20                $200             $210        $200                      $4,000

Adjustment required = 50 ($50 - $40)

=$500

This posted as

Debit inventory impairment/cost of good sold (p/l)   $500

Credit Inventory account                                              $500

5 0
3 years ago
Afirm has production function q=10"(L^0.5)*(K^0.5), where "L"0.5" means "L raised to the 0.5 power," and the same applies to the
Amanda [17]

Answer:

(A) 15 × p

(B) 225\times p{^2}

(C)  P\times 5\times k^{0.5}

Explanation:

(B) direct= demand function of labor will be,

Q: f(w),

where Q is labor demand quantity and is function of wage

K=9 constant, then production function changes to,

=30L^{0.5}

Marginal product of labor:

= 15L^{-0.5}

Marginal revenue product or value of marginal product:

=15p\times L^{- 0.5}

This is showing what revenue a firm will generate due to hiring one additional unit of labor.

So firm will keep hiring until the revenue the additional labor is generating is equal to its hiring cost or wage.

So, putting MRP or VMP to wage:

P\times15\times L^{-0.5}=W

By solving,

\frac{(225\times p^{2})}{W^{2}}=L

And the multiplicative term is 225\times p{^2}

(A) Inverse demand function of labor will be,

W: f(Q)  

where W is wage rate and demand function of labor demanded quantity.

As previously solved,

P\times15 \times L^{0.5}=W

and the multiplicative constant term is 15 × p.

(c) In long run capital will also variate, so production function will be,

=10L^{0.5}\times k{^0.5}

MP=\frac{(5\times k^{0.5})}{L^{0.5}}

VMP=\frac{P(5\times k^{0.5})}{L^{0.5}}

( p is market price of good that firm is producing using labor)

putting it equal to Wage)

W=\frac{(5\times k^{0.5})}{L^{0.5}}

and the constant term is  P\times 5\times k^{0.5}.

Note:

I did a) second place and b) on first . I already put the serial alphabet on the start of the answer.

8 0
3 years ago
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