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dem82 [27]
3 years ago
13

The Accounts Payable account has a beginning balance of $11,400 and the company purchased $52,000 of supplies on account during

the month. The ending balance was $19,100. How much did the company pay to creditors during the month
Business
1 answer:
Solnce55 [7]3 years ago
6 0

Answer:

$44,300

Explanation:

The account payable had a beginning balance of $11,400

The company purchased $52,000 worth of supplies

The ending balance is $19,100

Therefore the amount in which the company paid to the creditors can be calculated as follows

= $11,400+$52,000-$19,100

= $6,400-$19,100

= $44,300

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Malika just got hired by Amazon to work in upper management. She currently lives in South Carolina, and has to move to Californi
zzz [600]

Answer: Malika's job starts in one month, so she will have one month without work. Therefore, the opportunity cost of moving herself is low during this month.

Explanation:

From the question, we are informed that Malika just got hired by Amazon to work in upper management and that she currently lives in South Carolina, and has to move to California for the job.

A good economic reason for her to move her personal belongings on her own rather than hiring someone else is Malika's job starts in one month, so she will have one month without work. Therefore, the opportunity cost of moving herself is low during this month.

Since her job will start in a month, that means that she can use the available time she has to move her personal belongings. Assuming, she has something else to do or she'll be busy and will be hard for her to move it on her own, then it'll be logical to request for someone to help her move it but in this case, she can move it herself as the opportunity cost is low.

4 0
3 years ago
4. Typically, what percentage of the home cost should you have available for a down payment?
TEA [102]

Answer:

30percent

Explanation:

30

7 0
3 years ago
Darren has borrowed $100$ clams from ethan at a $10\%$ simple daily interest. meanwhile, fergie has borrowed $150$ clams from ge
Oxana [17]

Answer:

20

Explanation:

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7 0
2 years ago
A company orders office supplies in June. Those supplies are received and used in July. The supplies are paid for in August. In
Leviafan [203]

Answer:

Expense must be recognized in July

Explanation:

The reason is that the expense must be recognized in the month in which the supplies are used because the accrual concept says that the expenses must be realized when they are incurred. Incurred means that the consideration received has been used. For example if I pay the telecommunication network in June to give 4G internet and the services are delivered in the month July then the expenses will be realized in the month in which the services were used and that is July for internet facilities. So in this case the supplies are used in the month of July which is in-accordance with the accrual concept.

8 0
3 years ago
Four basic steps are used in an abc system. list the proper order of these​ steps, which are currently scrambled​ below:
alukav5142 [94]
First Identity the primary activities
Then goes select an allocation
Followed by calculating an activity
And finally allocate the costs

Hope this helps
7 0
3 years ago
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