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ladessa [460]
3 years ago
7

CRANE COMPANY Adjusted Trial Balance January 31, 2020 Debit Credit Supplies $900 Prepaid Insurance 1,800 Salaries and Wages Paya

ble $ 700Unearned Service Revenue 750 Supplies Expense 900 Insurance Expense 300 Salaries and Wages Expense 2,600Service Revenue 3,400 If the amount in Supplies Expense is the January 31 adjusting entry, and $3,400 of supplies was purchased in January, what was the balance in Supplies on January 1?
Business
1 answer:
GREYUIT [131]3 years ago
4 0

Answer:

beginning supplies 1,600

Explanation:

With the following identity we will sovle for beginning supplies:

beginning + purchases = ending + expense

the left side are the input of supplies

and the right side are the output

we will plug into the formula and solve for beginning supplies

beg + 3,400 = 900 + 900

beg = 3,400 - 900 - 900 =  1,600

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How have engineer contributed to the society?Explain​
PilotLPTM [1.2K]

Explanation:

Engineers contributed very significantly to a country's development from an agricultural economy to the one that includes manufacturing communication services and exploration to the country's natural resources like 10 hydro power oil and gas

7 0
3 years ago
Curtis is the manager of a footwear store. He carefully chooses his staff members and recruits employees who are attentive, frie
Gnesinka [82]

Answer:

D) normative control

Explanation:

Normative control is a type of control that is centered on controlling the behavior of individuals by eliciting certain desirable behaviors rather than using a formal rule or policy. Normative control uses the experiences, dispositions, and thoughts of individuals in establishing the standards that is deemed acceptable.

From the illustration given in the question, Curtis uses normative control, as his preference and recruitment of staff is based on certain behaviors and values they possess, which he uses to establish standards he expects them to portray towards customers while on the job. People who are attentive, friendly, and articulate would most likely be easy to train in relating with customers well, as they would naturally not find it difficult to treat customers with respect and courtesy. This form of control is beyond just using writing policy.

4 0
3 years ago
Kelly owns 500 shares of Boston Corporation common stock which was purchased on March 20, 2000, for $70,000. On August 8 of the
Gennadij [26K]

Answer:

a. How much gross income must Kelly recognize?

$0, the distribution will not increase her gross income.

b. What is the basis of each stock right​ received?

{[(500 x $10)/ (500 x $10 + 500 x $40)] x $70,000} / 500 shares= $14,000 / 500 = $28

c. If she sells the 100 stock rights for $9,000​, what is her​ gain?

gain = $9,000 - (100 x $28) = $6,200

d. If she exercises the 100 stock rights on September 8​, what is the basis of the 100 shares she receives and when does the holding period for those shares​ start?

basis = $2,800 + (100 x $110) = $13,800

7 0
3 years ago
Consider the WACC formula, if the required rate of return on preferred stock increases, holding all else equal, the WACC increas
Mashutka [201]

Answer: True

Explanation:

The Weighted Average Cost of Capital (WACC) calculates the cost of capital to a company for the means of capital it uses to finance operations. It is based on the cost and the weight of the various capital types.

Formula is;

<em>= Cost of Equity * %Equity + Cost of debt * %Debt * ( 1 - Tax rate) + Cost of Preferred Stock * %Preferred stock</em>

The required rate of return on preferred stock is the same as the Cost of Preferred Stock. From the formula it is shown that if this rate increases, holding all else equal, total WACC will increase.

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3 years ago
Rodney is a manager at Span Content. He makes unrealistic promises to the clients. Instead of being concerned about how his empl
Travka [436]

Answer:

The correct option is D

Explanation:

The authority-compliance style is the leadership style, in which the managers are autocratic, follow strict rules in the work, procedures and the policies and view the punishment as a way which is effective for motivating the members of the team.

In this case, Rodney is the manager who is strict and concerned regarding the product delivery. So, he is following the style of authority-compliance.

.

7 0
3 years ago
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