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
vlabodo [156]
3 years ago
14

The balance in the supplies account before adjustment at the end of the year is $873. The proper adjusting entry if the amount o

f supplies on hand at the end of the year is $270 would be
Business
1 answer:
yan [13]3 years ago
7 0

Answer:

Explanation:

The proper adjusting entry is as follows

Supplies expense A/c Dr $603

             To Supplies A/c $603

(Being supplies account is adjusted)

The supplies expense is computed by

= Supplies account balance - supplies on hand  at the end of the year

= $873 - $270

= $603

Basically we debited the supplies expense account and credited the supplies account so that the proper posting could be done.

You might be interested in
ABC Co. had 600,000 shares of Common Stock, 40,000 shares of Convertible Preferred Stock, and $3,000,000 of 6% Convertible Bonds
AveGali [126]

Answer:

a. Net income for 2021                                               $1,600,000

Less: Preferred dividends                                          <u>$120,000  </u> (40000*$3)

Net income for Common Stockholders                    $1,480,000

Divide by Common Shares outstanding                   <u>600,000 </u>

Basic Earnings per share for 2021                             <u>$2.47      </u>

<u></u>

b. If company's preferred stock were convertible into common stock, diluted earnings per shares will also have to be calculated.

3 0
3 years ago
Joslyn Company manufactures metal brackets. The estimated number of metal bracket sales for the first three months of the curren
Alexus [3.1K]

Answer:

Production= 1,240 units

Explanation:

Giving the following information:

Sales:

February= 1,250

March= 1,200

Desired ending finished goods inventory is equal to 20 percent of the next month's sales.

To determine the production required for February, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 1,250 + (1,200*0.2) - (1,250*0.2)

Production= 1,240 units

7 0
3 years ago
Which of the following is not allowed by scrum refactoring velocity tracking relaease planning hardening sprints
Igoryamba

Answer:

(B) Hardening sprints

Explanation:

Hardening Sprints are not allowed because the subject of hardening should be continuously address throughout normal Sprints.

Or if the question has the following options:

Which of the following is not allowed in Scrum?

a. Using Story Points

b. Hardening Sprints

c. Release Planning

d. Using Planning Poker

Answer:

(B) Hardening sprints

Explanation:

Using Story Points, Release Planning, Using Planning Poker are not mandatory but allowed. Only hardening sprints are not allowed.

3 0
3 years ago
Beth is a retired teacher who lives in dallas and does some consulting work for extra cash. at a wage of $40 per hour, she is wi
Ipatiy [6.2K]
Price Elasticity of Supply. The price elasticity of supply is calculated as the percentage change in quantity divided by the percentage change in price.
 Using the Midpoint Method
 PES = ((Q2-Q1) / ((Q2 + Q1) / 2)) / ((P2-P1) / ((P2 + P1) / 2))
 PES = (((10) - (7)) / (((10) + (7)) / 2)) / (((50) - (40)) / (((50) + (40)) / 2))
 PES = 1.59
 the elasticity of beth's labor supply between the wages of $ 40 and $ 50 per hour is approximately 1.59
 In this case, to 1% rise in price causes an increase in quantity supplied of 1.59%
 answer:
 the elasticity of beth's labor supply between the wages of $ 40 and $ 50 per hour is approximately 1.59
 In this case, to 1% rise in price causes an increase in quantity supplied of 1.59%
4 0
3 years ago
MNCs can use their global presence toa. take advantage of underpriced labor services available in certain developing countries.
denis23 [38]

Answer:

a. take advantage of underpriced labor services available in certain developing countries.

b. gain access to special R&D capabilities residing in advanced foreign counties.

c. boost profit margins and create shareholder value.

d. avoid regulations and lower tax burdern

Explanation:

Multinational corporation is a company that operates locally in its home country and also aborad. It usually maintains a central office that coordinates business activities.

MNCs have various advantages which includes:

- taking advantage of lower priced labour in developing countries, for example some companies take advantage of cheap labour in China to produce their goods.

- when a company operates in an advanced economy it will take advantage of research and development there.

- regulations and tax burdens can be avoided by setting up manufacturing plants in countries with low regulatory policies.

- MNCs boost shareholder profits by taking advantage of their multiple locations to gain more profits.

7 0
3 years ago
Read 2 more answers
Other questions:
  • Sandy is tired of her boss as well as corporate America in general. She decides she would like to start a business where no one
    7·1 answer
  • What is the name of the Department that controls the Finances for the United States.
    14·1 answer
  • Pat starts a business called ValueCentral, the concept takes off, and the company has an IPO and goes public. The company is gro
    11·1 answer
  • In general, securities with ____ credit risk and _______ liquidity will offer higher yields. a. lower; lower b. higher; lower c.
    5·1 answer
  • Computer-mediated learning products-whether they are guided practice exercises, tutorials, simulations, games, hypertext, multim
    14·1 answer
  • You are a manager in a perfectly competitive market. the price in your market is $14. your total cost curve is c(q) = 10 + 4q +
    9·2 answers
  • Kirsty is going to open a jewellery business. which of the following production methods should she use job , batch or flow produ
    10·1 answer
  • Differential analysis can aid management in making decisions on a variety of alternatives, including whether to discontinue an u
    10·1 answer
  • What is ecotourism? Write a short essay that includes the following information:
    14·1 answer
  • Prepare a marketing plan to market yourself. Visit a career website and locate three careers listed on the website and determine
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!