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beks73 [17]
3 years ago
13

The supplies inventory on August 1, 2017 was $9,350. Supplies costing $24,150 were acquired during the year and charged to the s

upplies inventory. A count on July 31, 2018 indicated supplies on hand of $8,810. Present, in journal form, the adjustment that would be made on July 31, 2013, the end of the fiscal year.
Business
1 answer:
VikaD [51]3 years ago
3 0

Answer:

supplies expense 24,690 debit

    supplies                             24,690 credit

to record used supplied for the period

Explanation:

we will calcualte the suppliesexpense as follows:

beginning supplies + purchase = ending + consumption

the left side are the input of supplies from the period.

They can be in stock from prior period or being purchased during the current period

Then, the right side is the destination, they could be used or keep at inventory

Now, we plug the values into the formula andd solve for the missing value:

9,350 + 24,150 = 8,810 + consumption

9,350 + 24,150 - 8,810 = consumption = 24,690‬

This will be the supplies expense to recognize

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If amazon had decided to design and manufacture the kindle and all its components in the united states, what do you think the co
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Answer:

Brief summary of the case:

The case deals about the evolution of kindle by Company A. When the company decided to introduce kindle, its price was $399 in 2007. Company A understood that to be successful against the huge competitors, kindle must be priced low. It must be highly reliable, many features and elegance must be provided in the design of kindle. "Company A- designed kindle in State C where the research and development expertise is available.

Market research firm "IS," estimated that the manufacturing cost of kindle is about $185. The expensive components of the kindle are the display used in the Electronic ink technology and wireless cord. Company A contracted with Country C's company to produce the display. A manufacturer in Continent A produced a wireless cord of $13. Many components were contracted to the different countries to reduce the cost of the kindle to be competitive. Now, kindle became the competitor to the massive companies.

Determine if the company has decided to manufacture all the components of Electronic reader K in Country U:

If Company had decided to manufacture all the components in Country U, then it would have been more expensive. Company A cannot sell that at an affordable price. Increase in the cost of the components would increase the overall cost of the Electronic reader K. The most important strategy of Company A is to minimize the cost of the product to increase the number of sales.

Increase in the manufacturing cost will dilute their competitive advantage and it increases the cost of the product. It will lower the sales and the buyers would prefer to use the competitors' products, which are cheaper.

Determine if the company has decided to manufacture all the components of Tablet F in Country U:

It would be expensive if they decide to manufacture the components in Country U. It will not affect the sales number like Electronic reader K. as Tablet F is multipurpose. People will prefer quality and specifications than price.

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Manufacturing in Country U would be expensive and it increases the overall cost of the product. It would affect sales of the products.

3 0
3 years ago
Determine how the following scenarios affect the firm's cash position. Identify whether the scenario describes a financing, inve
pochemuha

Answer and Explanation:

The classification is as follows:

1. Dividend of preferred stock paid - Financing activity

2. Purchase of the property for a future factory - Investing activity

3. Issuance of the common stock shares  -  Financing activity

4.Rise in  accrued liabilities - Operating activity

5. Sell some old equipment - Investing activity

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1.  Issuance of the common stock shares

2. Rise in  accrued liabilities

3. Sell some old equipment

Increase inventory holdings - Operating activity

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4 0
3 years ago
The decline in unit costs of a product or service that occurs as the absolute volume of production increases is known as
leva [86]

Answer:

A. economies of scale.

Explanation:

The economies of scale is the scale where the company has the advantage of the cost that reaped by the organization in the case when there is an efficient production. It could be accomplished when the level of production or the volume of the production rises by lowering the cost

Therefore as per the given situation, the option A is correct as it fits to the current situation

Hence, the correct option is A.

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3 years ago
WHAT IS THE DIFFERENT BETWEEN BUSINESS MANAGEMENT AND BUSINESS ADMINISTRATION
myrzilka [38]

Answer:

A business management degree focuses more on planning and organizing, whereas a degree in business administration provides a broad background and then allows the student to focus on a specialized area of business

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3 0
3 years ago
The management of Metro Printers is considering a proposal to replace some existing equip- ment with a new highly efficient lase
Veseljchak [2.6K]

Answer:

Net present value of proposal $168,166

Explanation:

Check attachment

3 0
3 years ago
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