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LiRa [457]
3 years ago
5

At the beginning of December, ABC Company had $1,500 in supplies on hand. During the month, supplies purchased amounted to $2,90

0, buy by the end of the month the supplies balance was only $2,200. What is the appropriate month-end adjusting entry
Business
1 answer:
natta225 [31]3 years ago
4 0

Answer and Explanation:

The adjusting entry is as follows:

Supplies expense Dr $2,200

      To Supplies $2,200

(being the supplies expense is recorded)

Here the supplies expense is debited as it increased the expenses and credited the supplies as it decreased the assets

The computation is

= Opening supplies + purchased - closing supplies

= $1,500 + $2,900 - $2,200

= $2,200

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Answer:

The correct answer is Unemployed

Explanation:

Unemployment, in the labor market, refers to the situation of the citizen who lacks employment and, therefore, salary. By extension, it is the part of the population of age, conditions and willingness to work - active population - that lacks a job.1 To refer to the number of unemployed people in the population, the unemployment rate by country or other is used territory. The situation contrary to unemployment is full employment.

In addition to the active population, which includes both those who are working and the whole of the unemployed or unemployed in a country, societies have an inactive population composed of those members of the population who are not willing to work , whether by studies, age, illness or any other legally established cause.

4 0
3 years ago
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Selling a product abroad for less than the cost of production is referred to as
sweet-ann [11.9K]
The answer would be A because they are basically dumping  the product on the other country
3 0
3 years ago
Suppose your friend is a music major who sings at weddings. She has no fixed or marginal costs for singing and has two types of
ehidna [41]

Answer: a. $4,000

b. $5,000

Explanation:

a. If she can sing at each wedding but decides to maximise profits, she will only sing at the weddings of those paying her $200 as it is the higher of the two payment options.

Should she sing at the $200 customer weddings, she would make;

= 20 people * $200

= $4,000

b. Price Discrimination is the charging of different types of customers different prices for the same or similar goods.

If your friend knows how to perfectly charge the two different groups the different prices that they value her at then she will be able to attend and sing at both weddings making her revenue;

= (10* $100) + (20 * $200)

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3 0
3 years ago
Indicate whether the situation below will lead to a surplus, shortage, or neither.
Masteriza [31]

If the price of a product falls to what is considered a bargain price, a shortage would occur.

A shortage occurs when the quantity demanded exceeds the quantity supplied. A shortage occurs when price is below the equilibrium price.

A surplus is when the quantity supplied exceeds the quantity demanded. A surplus occurs when price is above the equilibrium price.

When the price of a good falls to what is considered a bargain price by consumers, it means that the price of the good is below the equilibrium price.

When the price of a good is below equilibrium, quantity supplied would fall and the quantity demanded would exceed supply. As a result, there would be a shortage.

To learn more about shortage, please check: brainly.com/question/16137233?referrer=searchResults

4 0
2 years ago
Your consultant firm has been hired by Eco Brothers Inc. to help them estimate the cost of common equity. The yield on the firm'
Korvikt [17]

Answer: 12.6%

Explanation:

From the question, we are told that a consultant firm has been hired by Eco Brothers Inc. to help them estimate the cost of common equity and that the yield on the firm's bonds is 8.75%, while the firm's economists believe that the cost of common can be estimated using a risk premium of 3.85% over a firm's own cost of debt.

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4 0
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