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nata0808 [166]
4 years ago
9

A physical count of supplies on hand at the end of May for Masters, Inc. Indicated $1,250 of supplies on hand. The general ledge

r balance before any adjustment is $2,100. What is the adjusting entry for office supplie s that should be recorded on May 31?

Business
1 answer:
vovikov84 [41]4 years ago
3 0

Answer:

Debit Supplies Expenses $850 and Credit supplies $850

Explanation:

Kimdly check attached picture for explanation

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Understanding opportunity cost
vaieri [72.5K]

Answer:

D.$24

Explanation:

Opportunity cost: The opportunity cost is that cost which gives the best alternative option

The computation of the total cost is shown below:

= Earning per hour + admission fee

= $15 per hour + $9

= $24

Since the question is asking for the total cost, so we consider both the costs i.e earning per hour and admission fee.  

8 0
3 years ago
The equilibrium price of rental housing in City PQR is $1,000. If a price ceiling on rental housing is set at $800 in City PQR,
Zolol [24]

Answer:

<em><u>Higher</u></em>

<u>Explanation</u>:

This occurs because there tends to be greater demand for housing in Denver, but home owners supply of houses would be minimal, <em>thereby</em> reducing the availablity of homes.

This creates a situation where the law of demand and supply applies, thus leading to an even greater cost of housing above the price ceiling.

7 0
3 years ago
Winter's Toyland has a debt-equity ratio of .57. The pretax cost of debt is 8.2 percent and the required return on assets is 14.
True [87]

Answer:

<em>WACC 10.995</em>

Explanation:

We solve using the Weighted average cost of capital assuming a tax rate of 0% as we have to ignore taxes. Hence, we get:

WACC = K_e(\frac{E}{E+D}) + K_d(1-t)(\frac{D}{E+D})

Ke 0.14700

Equity weight 0.43

Kd 0.082

Debt Weight 0.57

t 0

WACC = 0.147(0.43) + 0.082(1-0)(0.57)

WACC 10.99500%

6 0
3 years ago
Read 2 more answers
During lewin's refreezing stage, managers should __________.
In-s [12.5K]
They should reinforce the desired change in the employees.

The brainest answer would be appreciated.
3 0
4 years ago
Flounder Inc. issued $2,840,000 par value, 7% convertible bonds at 97 for cash. If the bonds had not included the conversion fea
olganol [36]

Answer:

Given that,

Flounder Inc. issued convertible bonds = $2,840,000 par value

Interest rate = 7%

Sold for cash = $97

If the bonds had not included the conversion feature, then

Sold for = $95

Therefore, the journal entry is as follows:

Cash A/c ($2,840,000 * 0.97)         Dr.     $2,754,800

Discount on issue of Bond A/c       Dr.    $85,200

To 7% Convertible Bonds payable                               $2,840,000

8 0
3 years ago
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