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Agata [3.3K]
3 years ago
13

During the first year of Wilkinson Co.'s operations, all purchases were recorded as assets. Store supplies in the amount of $19,

350 were purchased. Actual year-end store supplies amounted to $6,450. The adjusting entry for store supplies willa. increase net income by $12,900.b. increase expenses by $12,900.c. decrease store supplies by $6,450.d. debit Accounts Payable for $6,450.
Business
1 answer:
kherson [118]3 years ago
5 0

Answer:

b. increase expenses by $12,900

Explanation:

The final balance of Store Supplies were 19,350, but the actual year-end store supplies inventory were 6,450. That means that from all purchase 12,900 (19,350 – 6450) were used during the accountable year, therefore, those were expenses that should be recognized.

The adjusting entry is: Debit supplies expense for 12,900 and credit supplies for an equal amount.

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What is the variance of the returns on a portfolio that is invested 40 percent in Stock S and 60 percent in Stock T?
ivolga24 [154]

Answer:

.00091 is the correct answer.

Explanation:

3 0
3 years ago
WatchNU is a company that designs and manufacturers drones for military use. The supply manager is getting ready to renegotiate
harina [27]

Answer:

Variable Cost $893,520

Fixed Cost $128,000

Total Cost $1,021,520

Explanation:

Calculation to determine the costs to insource the security services

VARIABLE COST

Using this formula

Variable cost =Total Quantity of Output x Variable Cost Per Unit

Let plug in the formula

Variable cost =3* ($34/hour x 24 hours/day x 365 days per year)

Variable cost = $893,520

FIXED COST

Using this formula

Fixed cost=Salary and Benefits for a full time security service manager+Other Fixed Costs

Let plug in the formula

Fixed cost=($99,000) + ($29,000)

Fixed cost= $128,000

TOTAL COST

Using this formula

Total Cost = Variable Cost + Fixed Cost

Let plug in the formula

Total Cost=($893,520) + ($128,000)

Total Cost= $1,021,520

Therefore the costs to insource the security services will be:

Variable Cost $893,520

Fixed Cost $128,000

Total Cost $1,021,520

5 0
3 years ago
Writers should use words carefully and construct sentences skillfully to emphasize main ideas and de-emphasize minor ideas.
nirvana33 [79]

Answer:

The correct answer is letter "B": Congratulations! We would like to offer you the position of senior analyst.

Explanation:

Direct writing implies providing relevant information at first and additional details at the end. This is to avoid misinterpretation of the message and to avoid running in circles before giving the audience news that can be of interest. Direct writing must be objective and avoid exuberance. Thus, the phrase:

<em>Congratulations! We would like to offer you the position of senior analyst.</em>

Meets the direct writing criteria since it straight provides the information the reader was waiting for -being accepted or not for the senior analyst position.

8 0
3 years ago
If the price elasticity of supply is 0.4, and a price increase led to a 5% increase in quantity supplied, then the price increas
nasty-shy [4]

Answer:

d. 12.5%.

Explanation:

Price elasticity of supply measures the degree of responsiveness of quantity supplied to changes in price.

If the price elascitiy of supply is 0.4, it indicates that supply is inelastic. This means that a change in price has little effect on quantity supplied.

Price elasticity of supply = percentage change in quantity supplied / percentage change in price

0.4 = 5% / percentage change in price

percentage change in price = 12.5%

I hope my answer helps you.

8 0
3 years ago
Describe the change in aggregate supply that should result from each of the following changes in determinants. Assume that nothi
Sergio [31]

Answer: Please refer to Explanation

Explanation:

(a) A rise in the average price of inputs

DECREASE because it is now less profitable for suppliers so they will produce less.

(b) An increase in worker productivity;

INCREASE because total cost is reduced as more goods are being produced per cost.

(c) Government antipollution regulations become stricter.

DECREASE (unless the increase in antipollution device production outweighs the decline in production caused by the increased cost of the regulations)

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INCREASE as the subsidy program will lower the cost of inputs so Suppliers will produce more goods.

(e) Energy prices decline.

INCREASE as there again would be Lower Input Costs thus pushing Suppliers to produce more.

6 0
4 years ago
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