1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
anygoal [31]
3 years ago
10

On January 1, 2019, the general ledger of Global Corporation included supplies of $1,300. During 2019, supplies purchased amount

ed to $5,600. A physical count of inventory on hand at December 31, 2019 determined that the amount of supplies on hand was $1,500. How much is the supplies expense for year 2019?
Business
1 answer:
Stolb23 [73]3 years ago
3 0

Answer:

the  supplies expense for the year 2019 is $5,400

Explanation:

The computation of the supplies expense for the year 2019 is as follows:

Supplies Expense = Opening balance of Office supplies + Purchase of supplies during the year - ending balance of Office supplies

= $1,300 + $5,600 - $1,500

= $5,400

Hence, the  supplies expense for the year 2019 is $5,400

We simply applied the above formula so that the correct value could come

And, the same is to be considered

You might be interested in
True or False
Ilya [14]
False lolllll I have to write more
6 0
3 years ago
A change in the dollar value of the British pound from​ $1.60 to​ $1.50 represents A. an increase in the pound price of British
hram777 [196]

Answer:

Option (B) is correct.

Explanation:

1 pound = $1.60

1 pound = $1.50

So, there is a depreciation in the value of pound relative to the dollar and appreciation in the value of dollar relative to the pound.

Now, suppose a resident of united states purchase some quantity of goods(say, 20 shirts) from the seller in United kingdom.

Price of each shirt = 2 pounds

Hence,

Before the change in exchange rate, then the buyer have to pay in dollars:

= 20 × (2 × $1.60)

= 20 × 3.2

= $64

After the change in exchange rate, then the buyer have to pay in dollars:

= 20 × (2 × $1.50)

= 20 × 3

= $60

Hence, the amount paid by the resident of united states reduced because of the fall in exchange rate. Now, they have to pay less for the same amount of commodities. This shows that there is an appreciation in the currency of US relative to UK.

4 0
3 years ago
The conferences were scheduled for; October 1, November 1, and December 1. The conferences were scheduled for: October 1, Novemb
ololo11 [35]

Complete Question: in order

<em>Identify which option in the following groups is punctuated correctly</em>

1.

a. The conferences were scheduled for; October 1, November 1, and December 1.

b. The conferences were scheduled for: October 1, November 1, and December 1.

c. The conferences were scheduled for October 1, November 1, and December 1.

2

a. Working for a larger company has its advantages; consequently I have decided to stay here another year.

b. Working for a larger company has its advantages consequently, I have decided to stay here another year.

c. Working for a larger company has its advantages; consequently, I have decided to stay here another year.

3

a. The meeting started at noon: it lasted until late in the evening.

b. The meeting started at noon; it lasted until late in the evening.

c. The meeting started at noon, it lasted until late in the evening.

4

a. The company meeting is this afternoon; therefore please take a shorter lunch break.

b. The company meeting is this afternoon; therefore, please take a shorter lunch break.

c. The company meeting is this afternoon therefore, please take a shorter lunch break.

Answer:

1. option c

2. option c

3. option c

4. option c

3 0
3 years ago
Your friend Burrell says that the government should hire fewer social workers in order to reduce the cost of federal assistance
BARSIC [14]

Answer: b) peoples' responses to financial incentives.

Explanation:

Burrell would be wrong because the most leakage in federal assistance programs comes from the way people respond to financial incentives.

Some people who have received this assistance from the Federal government have decided that it would be better to keep receiving this assistance instead of working to actually get paid.

This has led to more people seeking assistance thereby increasing the number of people needing assistance and invariably increasing the cost of these federal assistance programs.

4 0
3 years ago
DASH Airlines is considering the addition of a flight from Red Cloud to David City. The total cost of the flight would be $1,100
Talja [164]

Answer: add this flight because marginal revenue exceeds marginal costs.

Explanation:

Since the total cost of the flight would be $1,100, of which $800 are fixed costs already incurred, then the variable cost in this case will be )$1100 - $800) = $300.

Since the expected revenues from the flight are $600, thus implies that the total revenue exceeds total variable cost and therefore Dash should add the flight because total revenue is more than total variable cost and the marginal revenue exceeds marginal costs.

7 0
3 years ago
Other questions:
  • What is behavioral tracking?
    7·1 answer
  • You want to buy a $300,000 home. You have $30,000 as a down payment. Therefore, buying the house will require you to take out a
    8·1 answer
  • Everything Looks Like a Nail, Inc. is a manufacturing company that produces hammers. The company faces a number of different fix
    10·1 answer
  • A young software development company recently went public. To attract investors, the company executives want to emphasize the am
    13·1 answer
  • What are the alternatives to bankruptcy?
    7·1 answer
  • While almost everyone purchases toothpaste, not everyone buys the same toothpaste. Even a single brand can have several variants
    5·2 answers
  • Bramble Corp. expects to purchase $110000 of materials in July and $130000 of materials in August. Three-fourths of all purchase
    15·1 answer
  • Agent Don plans to conduct a marketing/sales event at the local public library on October 28 at 2pm. He received permission to p
    12·1 answer
  • Question #5
    10·1 answer
  • 2. Which statement about the factors of production is correct?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!