Answer:
a. Supplies Expense $3,700Supplies $3,700
Explanation:
The entries required when supplies are purchased is
Debit Supplies account
Credit cash/accounts payable
At the point of use of these supplies, the entries required are
Debit Supplies expense account
Credit supplies account
Hence the supplies used
= $5,000 - $1,300
= $3,700
Entries to be posted to adjust
Debit Supplies expense account $3,700
Credit supplies account $3,700
Answer:
Campus Stop, Inc.
Partial Income Statement
Sales revenue $323,300
Sales returns ($1,730)
Sales discounts and allowances <u> ($2,270)</u>
Net sales $319,300
Cost of goods sold <u>($172,870)</u>
Gross profit $146,430
Gross profit margin = $146,430 / $319,300 = 45.86%
Answer:
0.56
Explanation:
Opportunity cost refers to the alternative forgone from a list of preference. It is a concept in economics developed as a result of the scarce resources available to satisfy unlimited wants.
Since the family can afford either 80 cans of beans or 45 frozen dinners.
it means that for every 1 can of beans purchased, 45/80 frozen dinner will be let go or not be purchased. Also, for unit of frozen dinners purchased, the family sacrifices the purchase of 80/45 cans of beans.
Hence the opportunity cost of a can of beans in terms of frozen dinners in the time frame
= 45/80 frozen dinner
= 0.5625
to 2 decimal place = 0.56
Answer:
George Washington: 1. Wisdom 2. Judgment and prudence 3. Determination
Winston Churchill: 1. Vision 2. Influence 3. Encouragement
Mother Teresa: 1. Selfless 2. Relentlessly focused 3. Caring
Bill Gates: 1. Passionate 2. Serving humanity 3. Focus
Oprah Winfrey: 1. Emotional intelligence 2. Humanist 3. Inspirational
Explanation:
<u>leaders of my life </u>
<u>Mother: </u>
My mother was a very first leader of my life. She is the captain of the ship (our house). She dealt with so many problems and issue on daily basis with so much courage and patience. She always has a smile on her face which is the strength of her and ours too. She is courageous, strong, patient lady I have ever seen.
<u>Teacher: </u>
My high school teacher was inspiration to me. he was so encouraging. He always treated us all the same without any discrimination. He always discouraged the bullies, racism, and any kind of hatred. He was always available for us to solve our problem and listen to us. he always taught us to never give up no matter what happened in life.
He was humanist, inspirational, problem solver.
<u></u>
Answer:
The answer is: False
Explanation:
The labour force consists of people who are employed and those who are unemployed. The unemployed consist of three groups: unemployed but actively searching for a job, unemployed and not actively look for a job, those who are able to work but have given up the search for employment. The official rate of unemployment measures the number of unemployed people in a country's labour force. In this case, people who have given up looking for jobs and are not reporting themselves as unemployed but rather as out of the labour force, make the unemployment rate lower. If they were counted as part of the unemployed, then the unemployment rate would be higher.
