A store at the mall having a minimum age requirement for workers is an example of which category of employee rights?

The Green Grape Company's Office Supplies account had a beginning balance of $12,000. During the month, purchases of office supp

ella [17]

Answer:

Dr Office supplies expense $15,000

Cr Office supplies $15,000

Explanation:

Given the above information, we can compute the proper adjusting entry as;

= ( Transfer $12,000 + $8,000 - $5,000)

= $15,000 from office supplies expense

Therefore, the proper adjusting entry is;

Dr Office supplies expense $15,000

Cr Office supply $15,000

7 0

3 years ago

Which of the following is an asset for groups and teams?

WARRIOR [948]

Answer:

Acceptance of solutions is an asset for groups and teams.

Explanation:

Team is a group of individuals who work for same goals and are linked in together for common purpose.Team management is often very challenging job for the organization . Teams are usually used to simplify a complex task and complete the work under the given time scale and satisfying all conditions and parameters.

8 0

4 years ago

Suppose a new recreational neighborhood park would cost $20,000, including opportunity costs, to construct and maintain. if b

oksian1 [2.3K]

The decision to build the park or not would be based solely on the cost – benefit relationship of this project. Since there is no other factor considered in this problem, you only need to see if the benefit of constructing the park would exceed its cost. In this problem, the cost to construct the park is $20,000 while the marginal benefit would be $24,000 ($8,000 x 3 families that can benefit from this project). Therefore, you can say that the benefit has exceeded its cost. As a conclusion, the neighborhood park should be built because it benefits the families living in that area more than its cost.

8 0

3 years ago

The perfectly competitive firm produces that quantity at which a.marginal revenue is greater than marginal cost. b.the largest g

Katena32 [7]

Answer:

Option (c) is correct.

Explanation:

The perfectly competitive firm produces at a point where the marginal revenue is equal to the marginal cost because it the profit maximizing point for the competitive firms. Under the perfectly competitive market conditions, the price is determined by the two forces: demand and supply of the goods.

The firms under this market condition, faces a perfectly elastic demand curve which implies that the buyers are free to buy any quantity of goods.

4 0

3 years ago

Which of the following auditing procedures will provide evidence to support management’s assertions regarding the allocation and

Rudiy27

Answer: Option C

Explanation: In simple words, vouching refers to the process in which an auditor confirms that something is accurate and true as described earlier.

While performing auditing, the auditor performs the vouching function by physically counting the inventory and compare the count results with the statements that are presented by the firm to make sure that the documents are accurate.

Hence from the above we can conclude that the correct option is C.

4 0

3 years ago