Answer:
Supplies expense for the year 3,100 dollars .
Explanation:
Supplies/stock/inventory is recognized as asset on it initial recognition. They are expensed when they are sold. Unsold supplies/stock/inventory is reported as asset in balance sheet. So in order to tell supplies expense we have to calculate amount of supplies sold.
Opening + purchase = closing + sale
2,700 + 3,600 = 3,200 -sale
Sale = 3,100 dollars
<span>B)Contact the seller, remain calm, and state the problem.
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Answer:
b. Lew is a material participant in Activities A, B, C and D only.
Explanation:
The correct answer is b. All the activities has material participation except for activity E. The activity is considered significant of the participation by an individual is more than 100 hours. here Lew has 5 activities A, B, C, D and E. All the activities comprise Lew's participation for more than 100 hours but only activity E has participation less than 100 hours. The total of activities A, B, C and D is 530 (120 + 150 + 140 + 110).
Answer:
Money markets are used for short-term lending or borrowing usually the assets are held for one year or less whereas, Capital Markets are used for long-term securities they have a direct or indirect impact on the capital. Capital markets include the equity market and the debt market.
Explanation:
A company divides its production into several separate tasks, with different people performing each task. This company uses division of labor. Division of labor is breaking up and assigning different parts of the manufacturing process or different tasks within the work flow to different people. Based on studies, it’s been proven that by dividing the labor in a business there are higher rates of efficiency. Each division specializes in their work areas and become subject experts.