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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

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Determine if the following situations describe a game or a decision. Indicate what specific features of the situation caused you
hammer [34]

Answer:

China chooses a level of tariffs to apply to American imports.

3 0
3 years ago
Your job includes ordering phone service for new employees. You are considering two phone plans. The first plan charges $23.35 p
BabaBlast [244]

Answer:

$34.68

Explanation:

The total cost by following the first plan will be the charge per months times  12 months

= $23.35 x 12

= $280.2

The total cost from the second plan will be the cost of the first three months at  $14.99 plus the cost of 9 months at $29.99

=($14.99 x 3) + ($29.99 x 9)

=$44. 97 +$269.91

=$314.88

The first plan is the better deal. It will save

= $314.88 - $280.2

=$34.68

5 0
3 years ago
Blease Inc. has a capital budget of $625,000, and it wants to maintain a target capital structure of 60% debt and 40% equity. Th
Mashcka [7]

Answer:

Forecasted Dividend Pay-out Ratio = 47.37%

Explanation:

Capital Budget = $625,000

Net Income = $475,000

Equity Ratio = 40%

Dividend to be paid = Net Income – Equity Ratio*Capital budget

Dividend to be paid =475000 – 40%*675000 = $225,000

therefore, we have that the fortecast dividend pay-out ratio will  be given by:

Forecasted Dividend Pay-out Ratio = Dividend to be paid/Net Income

Forecasted Dividend Pay-out Ratio = 225000/475000

Forecasted Dividend Pay-out Ratio = 47.368% or 47.37%

7 0
3 years ago
Lena has just become eligible to participate in her​ company's retirement plan. Her company does not match​ contributions, but t
navik [9.2K]

Answer:

Throughout her retirement plan, Lena will still have $206,673.13.

Explanation:

The given values are:

Annual Interest Rate

= 12.00%

Monthly Deposit

= $110

Period

= 25 years i.e., 300 months

Monthly Interest Rate

= 1.00%

Now,

The Accumulated Deposits will be:

⇒  110\times 1.01^{299} + 110\times 1.01^{298}+....+ $110\times 1.01 + $110

⇒  \frac{110\times  (1.01^{300} - 1)}{0.01}

⇒  110\times 1,878.846626

⇒  206,673.13  ($)

8 0
3 years ago
A company has a pension liability of $440,000,000 that it must pay in 29 in years. If it can earn an annual interest rate of 4%,
kodGreya [7K]

Answer:

a. $141,086,622.46.

Explanation:

Calculation for how much must it deposit today

Using this formula

Present Value = Future Value / [ ( 1 + r) n]

Where,

Future Value = 440,000,000

r = rate of Interest= 4%

n = Number of years = 29

Let plug in the formula

Present Value = 440,000,000 / [ ( 1 + 0.04)29]

Present Value= 440,000,000 / 3.1186514519

Present Value= $141,086,622.46

Therefore the amount it must deposit today to fund this liability will be $141,086,622.46

5 0
3 years ago
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