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cluponka [151]
3 years ago
12

The supplies account had a beginning balance of $1,823. Supplies purchased during the period totaled $4,344. At the end of the p

eriod before adjustment, $286 of supplies were on hand. Prepare the adjusting entry for supplies. If an amount box does not require an entry, leave it blank.
Business
1 answer:
Keith_Richards [23]3 years ago
6 0

Answer and Explanation:

The adjusting entry is as follows:

Supplies expense ($1,823 + $4,344 - $286) $5,881

   To supplies payable $5,881

(being the supplies expense is recorded)

Here the supplies expense is debited as it increased the expense and supply payable is credited as it also increased the liabilities

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The architects of the bretton woods agreement built limited flexibility into the fixed exchange rate system in order to:
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To correct avoid high unemployment, one of the measures done by the architects of Bretton woods is to agree on building a limited flexibility into the fixed exchange rate system. In addition, it was stated in the argument that the rules and regulations of the monetary management between the U.S., Canada, Western Europe, Australia, and Japan must be systematically established.
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3 years ago
Book Values versus Market Values In preparing a balance sheet, why do you think standard accounting practice focuses on historic
Pachacha [2.7K]

Answer:

Historical costs is objectively and precisely measured, whereas market values can be difficult to estimate, and different analysts would come up with different

values.

Explanation:

In preparing a balance sheet it is customary for a company to value the assets and other items based on historical costs rather than market values.

For example if an asset is purchased at $20,000, this value will reflect in the balance sheet in subsequent years. Or future calculation will be based on this.

Let's say yearly depreciation is $1,000 then after on year the value will be $19,000, after two years $18,000 and so on.

This is more object than market value which varies at any one time.

Market value for an item will vary depending on location and the market.

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3 years ago
A major U.S. automaker has determined that the city mileage for one of its new SUV models is normally distributed with a mean eq
g100num [7]

Answer:

city mileage standard deviation for this SUV model is 2.34 mpg

Explanation:

given data

mean = 15.2 mpg

company indicated SUV more than 17 mpg  = 22 %

to find out

city mileage standard deviation

solution

we know here that

P(Z > 0.77) is = 0.22

so here z is

z = 0.77

and

we use here z-score formula that is

mean x = z × \sigma + \mu   ................1

so

\sigma = ( x - \mu ) ÷ z   ................2

put here value and we get

\sigma = \frac{17-15.2}{0.77}  

\sigma = 2.34

so city mileage standard deviation for this SUV model is 2.34 mpg

3 0
3 years ago
A driver reading and interpreting road signs uses his .... area of his vision.
oee [108]
Focal vision

The focus vision has the purpose of helping in the targeting task. It is also the one that helps to establish a visual lead. Besides these, one of the most important functions of this type of vision, focus vision, is to allow the reading of street signs or any other that might be important, as well as interpreting them.
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3 years ago
Read 2 more answers
Good weather and heavy winter rain increases the supply of agricultural products. This means that at any given price, a higher q
Rufina [12.5K]

Answer:

1. Supply curve shifted to the left.

2. It will be referred to as the equilibrium.

Explanation:

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So, the situation of drought, result in less supply of the quantity in the market which in turn also increase the price. This will result in shifting of curve to left side.

2. Equilibrium means that the reaction has reached a point or a situation where the concentrations of the product as well as the reactant are unchanging with the time, as the backward as well as the forward reactions have the same rate.

Therefore, the point or a situation where the quantity supplied as well as the  quantity demanded are equal will be known as the equilibrium point.

8 0
2 years ago
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