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avanturin [10]
3 years ago
7

When should supplies be recorded as an expense?

Business
1 answer:
Crazy boy [7]3 years ago
7 0

Answer:

Supplies should be recorded as an expense when it is used up during an accounting period.

Explanation:

Supplies which is also refers to as office supplies can be described as consumables and equipment which are used from time to time by company. Examples of office supplies include printer paper, pencils, notebooks, binders, pens and among others.

When supplies are bought before they are used, they are recorded as office supplies by adding them to office supplies on hand at the beginning of to obtain total supplies for an accounting period under the current asset in the balance sheet. Any part of the office supplies used up during an accounting period is recorded an expense during that accounting period in the income statement. The part used is deducted from the total supplies obtained supplies on hand at the an accounting period to be recorded under the current asset in the balance sheet.

Therefore, supplies should be recorded as an expense when it is used up during an accounting period.

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J.D. Power and Associates surveys new automobile owners to learn about the quality of recently purchased vehicles. The following
lorasvet [3.4K]

Answer:

a. Did you purchase or lease the vehicle?  CATEGORICAL DATA

b. What price did you pay?  QUANTITATIVE DATA

c. What is the overall attractiveness of your vehicle's exterior? (Unacceptable, Average,  Outstanding, or Truly Exceptional)  CATEGORICAL DATA

d. What is your average miles-per-gallon?  QUANTITATIVE DATA

e. What is your overall rating of your new vehicle? (l- to 10-point scale with 1 Unacceptable and 10 Truly Exceptional) QUANTITATIVE DATA

Explanation:

Quantitative data can be measured in numbers, e.g. 20 miles per gallon. While categorical data refers to non-numerical responses, e.g. higher quality, better looks, and is generally obtained by choosing one response from a group of available answers.

5 0
3 years ago
1) Define JTA <br><br><br>please help<br>​
otez555 [7]

Answer:

The Full form of JTA is Job Task Analysis.

Explanation:

JTA) allows applications to perform distributed transactions, that is, transactions that access and update data on two or more networked computer resources.


Hope it helps! ◕ ‿ ◕

Sorry if it’s wrong! :(

5 0
2 years ago
Read 2 more answers
Describe at least two methods you would use to identify job opportunities if you were looking for a job. Explain why you would u
atroni [7]

The two methods used to identify job opportunities are identify the area of specialization and train yourself according to that specialization.

Explanation:

The job offers can be found through Networking, Referrals, company websites, job fairs and social media.

The another method is through employment agency, are agencies that are trying to match up the job applicants to job that suits them. They have a connection with the organization and there is a high probability of landing a job with the organization.

Also, it is necessary to upgrade yourself to the area of specialization. If IT skilled then the job seeker should train on it to get placed on that relevant organization.

3 0
3 years ago
Artisan Inspiration, Inc. is a merchandiser of stone ornaments. The company sold 6,000 units during the year. The company has pr
Jobisdone [24]

Answer:

Option (A) is correct.

Explanation:

Given that,

Units sold = 6,000 units

Sales = $565,000

Selling and administrative expenses  = $67,000

Operating income:

= Sales - Cost of Goods Sold - Selling and administrative expenses

= $565,000 - ($305,000 + $14,000 + $43,000 - $42,000) - $67,000

= $565,000 - $320,000 - $67,000

= $178,000

Therefore, the operating income for the year is $178,000.

5 0
3 years ago
A subtle form of racial discrimination in housing is​ "racial steering." racial steering occurs when real estate agents show pro
Olenka [21]
B. H0 : There is no association between race and the section of the apartment complex.
 H A: There is an association between race and the section of the apartment complex.

Find the χ2 statistic
 Solution
The formula for calculating χ2 statistic is given by ;
χ2∗ =∑(Oi−Ei)2/Ei, where Oi and Ei is the i^th observation and the i^th expected count
From the given data calculated the expected count using the formula; E = (row total *column total)/sample size

χ2 = 7.104439336,
χ2 = 7.104 (rounded to 3 decimal .places)


The P-value is;
Degrees of freedom = (2-1)*(2-1) = 1, χ2 = 7.1044
P-value from chi-square calculator is 0.007689

3 0
3 years ago
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