Answer:
The adjustment at month-end is :
Supplies Expense $400 (debit)
Supplies $400 (credit)
Explanation:
The Supplies Account is an asset Account that decreases as the supplies are used in the business.
The use of supplies prompts the recognition of an <em>expense</em> and de-recognition of an <em>asset</em> as follows :
<em>Supplies Expense $400 (debit)</em>
<em>Supplies $400 (credit)</em>
The value of used textbooks sold through an online auction in 2006 is the gross domestic product for that year.
<h3 /><h3>Which of the following variables is used when computing GDP?</h3>
The calculation of a country's GDP takes into account both total private and public consumption, government spending, investments, increases in private inventories, paid-in building expenses, and the international balance of trade. (Imports are deducted from the total, while exports are added.)
<h3>What are the gross domestic product's four components?</h3>
The four primary parts of the gross domestic product are government spending, corporate investment, personal consumption, and net exports. 1 That tells what a country is best at producing. GDP is a measure of a country's annual total economic production.
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Suppose there is a decrease in the price of butter.There will be an increase in demand for bread.
<h3>Option (B) is correct</h3>
<u>Explanation:</u>
Bread and butter are complementary goods. They are demanded and consumed together. So their demand are positively correlated which means an increase in demand of one will lead to the same increase the demand of other
If the Price of butter decreases, it will lead to an increase in the demand for butter. With the increasing demand for butter, the demand for bread will automatically increase. Both demands will move in the same direction.
