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Alexxandr [17]
3 years ago
11

During a company's first year, the asset account, Office Supplies, was debited for $3,900 for the purchases of supplies. At year

-end, office supplies on hand were counted and determined to be $1,625. The proper adjusting entry crediting supplies and debiting supplies expense will
Business
1 answer:
fiasKO [112]3 years ago
5 0

Answer:

The adjusting entry will be shown below:

Explanation:

The adjusting journal which is to be recorded in the following case will be:

Office Supplies expense A/c..............................Dr  $2,275

          Office Supplies A/c.........................................Cr   $2,275

As the amount $3,900 is already debited and at the year end, the remaining amount of office will be posted to the account of the office supplies expense against the office supplies account.

Working Note:

Amount = Debited amount of office supplies - Offices supplies on hand

= $3,900 - $1,625

= $2,275

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The $3,700 (PV: $25,166.26) cash flow stream has the higher present value than the $5,500 (PV: 23,168) cash flow stream if the discount rate is 6 percent. The $5,500 (PV: 15.750.02) cash flow stream has the higher present value than the $3,700 (PV: $14,009.25) cash flow stream if the discount rate is 22 percent.
7 0
4 years ago
Use each of the key terms to complete the following sentences.
Degger [83]

Answer:

1. Negative reinforcement.

2. Social learning.

3. Behavior modification.

4. Extinction.

5. Classical conditioning.

Explanation:

Operant conditioning can be defined as an associative learning process which involves reinforcing the strength of a behavior. Thus, the outcome depends on the response in operant conditioning.

A reinforcement of a desired behavior involves the process of strengthening a positive behavior being exhibited by an individual through the use of stimulus.

Behavior modification is a therapeutic process that is focused on changing any undesirable negative behavior in an individual through the use of positive or negative consequence and biofeedback.

Behavior modification is typically based on operant conditioning principles, through negative or positive reinforcement, undesirable behaviors developed by an individual are mainly replaced with more desirable ones.

1. Negative reinforcement: every time the new machine is turned on it beeps loudly until the operator runs a full safety check on it. After the safety check is complete, the beeping stops.

2. Social learning: after watching a coworker get in trouble for deviating from the call center script while handling a customer, you decide to always say exactly what the company wants you to when speaking with customers.

3. Behavior modification: one of your subordinates is very inconsiderate and often leaves his empty coffee cups around the office when he is done rather than throwing them out. You start paying attention to when he throws out his trash and comment on how much this is appreciated and keeps the office looking nice.

4. Extinction: your colleague likes to tell inappropriate jokes before meetings and this makes you and the rest of your team uncomfortable. You and your teammates start ignoring the comments instead of smiling politely when the jokes are told to help eliminate the behavior.

5. Classical conditioning: Every time the HR representative comes to work dressed in a suit, layoff notices seem to be distributed. You and your colleagues start worrying whenever you see the HR representative dressed up for work.

Classical conditioning can be defined as a learning process which involves repeatedly pairing two stimuli: conditioned stimulus and unconditioned stimulus. In classical conditioning, a response which is at first brought forth by the second stimulus is later brought forth by the first stimulus alone.

Basically, it is a process through which a living organism learns to associate stimuli and as a result anticipating events.

5 0
3 years ago
What is the IRR of a project that costs $74,361.78 and provides cash-inflows of $25,000 annually for four years
geniusboy [140]

Answer:

13%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Cash flow in year 0 = $-74,361.78

Cash flow in year 1 - 4 = 25,000

IRR = 13%

8 0
3 years ago
A health drink company is known for launching drinks with flavors which are different from what are offered in the market. It re
Igoryamba

Answer:

D) It invests heavily in advertising and brand building.

Explanation:

One of the greatest step to take in establishing a strong presence in the market place is putting in great efforts towards innovative advertising and ensuring one's brand is built strong, that way, there is established trust and consumers will stay faithful to your brand.

4 0
3 years ago
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8 0
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