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Aliun [14]
3 years ago
5

During its first year of business, XYZ Inc. purchased $1,600 of supplies. By the end of

Business
1 answer:
rodikova [14]3 years ago
4 0

Answer:

$500

Explanation:

Since adjusted trial balance is often prepared at the end of an accounting period in which based on the information given the supplies in inventory is on the last day of the accounting period in which only the amount of $500 of supplies was remaining in the supply cabinet, therefore the amount to be

reported in the SUPPLIES ACCOUNT in the Adjusted Trial Balance section of the worksheet

prepared on December 31 will be $500 of supplies remaining in the supply cabinet.

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Disposal of Fixed Asset
andreev551 [17]

Answer:

$328000

Explanation:

Given: Cost of machine= $880000

           Residual value= 60000

           Estimated life= 10 years

Company use straight line depreciation method.

∴ Depreciation = \frac{\textrm{cost of machine- residual value}}{estimated\ useful\ life}

⇒ Depreciation= \frac{880000 - 60000}{10} = \frac{820000}{10}

∴ Depreciation= \$ 82000 per year.

Now, lets find the value of depreciation.

∵ Machine is sold on December 31, 2019, which is 6 years after it is installed.

∴ Depreciation value after 6 years= \textrm{Depreciation value every year \times number of years used}

Depreciation value after 6 years= 82000\times 6 = \$ 492000

Next, finding the value of machine after 6 years of depreciation.

Value of machine after 6 years= 820000 - 492000= \$ 328000

∴ Disposal value of machine after 6 years of usage is \$ 328000, however, machine was sold at $225000.

4 0
3 years ago
The ability to communicate effectively, especially during oral presentations, can boost your marketability and viability in a va
jolli1 [7]

This assertion is true. The capacity to communicate effectively, especially for the duration of oral presentations, can raise your marketability and viability in a variety of careers.

Good conversation ability announcing just adequate – do not speak too lots or too little. Try to deliver your message in as few phrases as possible. Say what you want actually and directly, whether you're speakme to any individual in person, on the phone, or with the aid of email.

<h3>What do you call the potential to communicate?</h3>

communicative Add to listing Share. To be communicative is to have the ability to communicate — to trade thoughts and ideas.

Learn more about ability to communicate here:

<h3>brainly.com/question/25645043</h3><h3 /><h3>#SPJ4</h3><h3 />

4 0
1 year ago
The college majors that lead to the highest median earnings for both men and women tend to be those that
Burka [1]
Question 30.... are more quantitative and analytical. 
The study about High-Paying, In Demand Job Skills, of a global media leading company will lead you to a conclusion that quantitative and analytical traits of an employee is more important than an employee who is computer literate and good at foreign languages. These traits are helpful in any field.
4 0
3 years ago
The UCC permits terms to be added into a contract or filled in as gap fillers; however, a contract between merchants cannot be e
podryga [215]

Answer: The answer is true

Explanation: the contract can not be enforce until both merchant agrees on a specified price on their agreement

The element of common law includes offer,acceptance and consideration. For the contract to be binding and legal both parties must have the capacity of entering into the contract. The contract of common law will be void if all element of common law formation do not exit.

6 0
3 years ago
Read 2 more answers
What does the graph show about the relationship between a product and its price?
polet [3.4K]

Answer:

The correct answer is: As the interest in a product goes up, the price goes up.

Explanation:

Increasing interest and thus increasing demand leads to increased demand for a particular good or service. In this respect, as production remains constant, the increased demand for goods or services pressures the supply of this good or service, culminating in its price increase.

8 0
3 years ago
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