The correct answer is $500.
An adjusted trail balance is prepared at the end of the accounting period. On this statement you will have what the value of the supplies in inventory is on the last day of the accounting cycle. In this example there are $500 worth of supplies left, which is why it is the correct answer.
Answer:
Increased turnover
Explanation:
Turnover is simply any permanent movement or departure of employees beyond organizational boundaries that has being set.
Types of Turnover includes;
1. Functional vs Dysfunctional
2. Voluntary vs Involuntary
3.Controllable vs Uncontrollable
An Increases in turnover will cause;
1.The retention costs fall (individuals are leaving so costs of retaining them fall)
2. The Turnover costs increase as more people are leaving.
Answer:
C. Cash flow from operating activities has decreased relative to net income.
Explanation:
As we know that
Operating activities involves those activities that impact the after-net income working capital. This will subtract the rise in current assets and a reduction in current liabilities, while adding the decline in existing assets and a rise in current liabilities.
It will adjust some adjustments in working capital. In addition, the depreciation expenses are applied to the net profit and the loss on the selling of assets is added, while the gain on the sale of assets is deducted
Hence, the C option is correct
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.