Answer:
Supplies Expense 12500
Explanation:
<em>Bravo Unlimited</em>
<em>Adjustment Entry</em>
Date Particulars Debit Credit
February 29 Supplies Expense 12500
Supplies Account 12500
( Opening bal+ purchases- Ending bal= Expense= 2000+ 12000- 1500= 12500
At the month end Supplies were used for $ 12500 and supplies on hand are $ 1500.
On 2nd Feb the supplies account totalled $ 14000 but $5000 supplies had been expensed so the total amount of supplies used up is calculated by (Opening bal+ purchases- Ending bal= Expense) the formula given above.
Answer:
This is True because, when one calculates the rate of inflation by applying the CPI for All items, it does not really mean that all groups of services and goods have the same price rate change over the period.
Explanation:
Solution
Given that:
The Rate of inflation = ((254.202 - 249.554) / 249.554)*100 = 1.86%.
Now,
The rate of inflation measured by the rate of change of CPI was 1.86%.
True. It is right since when one calculates a single rate of inflation using the CPI for “All items”, it does not really mean that all types of goods and services experienced the same rate of price change over the period. It is almost the average of increase in prices of “All items” in the given period.
Answer: The creditor will be able to recover $1,350
Explanation:
The amount that the creditor will be able to recover will be the contract price less the damages for the minor breach by the company.
In this case, the company finished all of the tasks except for the cleaning of the oven. Since this is minor with regards to the contract, the company will be seen to have performed its contract.
Since we are told the cost of finishing the job was 10% of the contract cost, this will be regarded as a minor breach, therefore, the owner of the condominium cannot avoid the payment of the price of the contract price. In this case, the creditor will be able to recover ($1500 - $150) = $1,350.
The question is incomplete, here is the complete question I came across earlier;
Benjamin owns a small Internet
business. Besides himself, he employs nine other people. The salaries earned by
the employees are given below in thousands of dollars (Benjamin's salary is the
largest, of course). 25, 27, 40, 50, 36, 50, 42, 65, 75, 30. Determine the mean
for salary?
The answer is "44".
The mean for salary which is generally called the average,
is the number you get by including all salaries together, at then dividing by
the quantity of them. Another term median is where half acquire all more, half
gain less.
25+27+40+50+36+50+42+65+75+30 = 440
Total number of salaries = 10
440/10 = 44 is the answer.
Answer:
400
Explanation:
400 A larger increase in output and a
smaller decrease in the interest rate. A larger increase in output and a
smaller decrease in the interest rate. A larger increase in output and a
smaller decrease in the interest rate. A larger increase in output and a
smaller decrease in the interest rate. A larger increase in output and a
smaller decrease in the interest rate.