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olchik [2.2K]
3 years ago
13

1

Business
1 answer:
Katarina [22]3 years ago
3 0

Answer:

E

Explanation:

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Bay City uses the purchases method to account for supplies. At the beginning of the year the City had no supplies on hand. Durin
Rasek [7]

Answer:

Supplies Expenditure $600,000

Supplies Inventory $200,000

Explanation:

Calculation for the appropriate account balances related to supplies expenditures and supplies inventory :

Supplies Expenditure will be $600,000 because during the year purchased of $600,000 supplies were made.

Therefore Supplies Expenditure will be $600,000

Supplies Inventory will be:

Purchased supplies $600,000

Less used supplies $400,000

Balance =$200,000

Therefore Supplies Inventory will be $200,000

6 0
3 years ago
Hardware restoration reports net sales of $50,000. if sales returns and allowances are $10,000 and sales discounts are $1,500, w
Sunny_sXe [5.5K]
The gross sales will be given by:
Gross sales=(net sales)+(sales returns)+(discount)
net sales=$50000-
Return inwards(sales returns)=$ 10000
Discount=$ 1500
Thus;
Gross Sales=50000+10000+1500
=61,500
The answer is B. $61,500
8 0
3 years ago
For a monopoly, the level of output at which marginal revenue equals zero is also the level of output at whicha.total revenue is
Vikki [24]

Answer:

a.total revenue is maximized

Explanation:

Marginal revenue refers to the change in total revenue. Zero marginal revenue impllies no change in TR. Thus, only when TR is maximized will MR be zero before falling.

3 0
3 years ago
The economic term for the want-satisfying ability, or value, that organizations add to goods or services is
Lana71 [14]

The economic term for the want-satisfying ability, or value, that organizations add to goods or services is utility.

<h3>What is utility?</h3>

Utility refers to the amount of satisfaction a consumer derive from the consumption of certain commodities.

It is the importance or value added to a product or service that helps gives the consumer useful information about all products and services.

Hence, the economic term for the want-satisfying ability, or value, that organizations add to goods or services is utility.

Learn more about utility here : brainly.com/question/24848038

4 0
2 years ago
At the end of the year, a company has a balance in Allowance for Uncollectible Accounts of $2,200 (credit) before any year-end a
Lapatulllka [165]

Answer: Debit Bad debt expense $7,300; Credit Allowance for doubtful accounts $7,300.

Explanation: 5% of accounts receivable of $190,000 is $9,500. Remember the credit balance in Allowance for uncollectible accounts is $2,200 prior to any adjustment and this reports to the balance sheet. To reinstate this account to the required provision for uncollectible amount of $9,500, we need to adjust for the difference (that is, $9,500 minus $2,200 existing balance), which is $7,300. <u>Then, the entries above would be recorded. </u>

<u />

3 0
3 years ago
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