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: Option (D) is correct.
Explanation:
An economic signal is a type of information on a particular good, product or activity which helps people in making economically correct decisions.
All the options are showing economic signal in some way:
(a) There is a fall in the demand for floppy disks and CDs which shows that there is a trend change.
(b) High unemployment rate in U.S will lead to a decision to employ more number of people.
(c) This increases the demand for houses.
(d) There is a indication about the future prices of toilet paper that it will not change much in the future.
Answer:
Backordering Costs.
Explanation:
This is the correct answer I hope this helps.
Hi! Consumer sovereignty Means the economic power exercised by the preferences of consumer In a free market.
Answer:
8.26%
Explanation:
Calculation to determine the modified IRR
First step is to calculate the Modified Year 2 cash flow
Modified Year 2 cash flow = $21,300 + (-$6,200)/1.11
Modified Year 2 cash flow= $15,714.41
Now let determine the Modified IRR
Modified IRR:$0 = -$84,900 + $77,400/(1 + IRR) + $15,714.41/(1+ IRR)^2
Modified IRR= 8.26%
Therefore the modified IRR is 8.26%
