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anygoal [31]
2 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]2 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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Mary, a sales representative for a small cleaning business, asks current customers for names of friends, customers and other bus
Fofino [41]

Answer:

Mary is relying on <u>referral marketing</u> to identify potential customers.

Explanation:

Referral marketing is a method of spontaneously promoting a businesses products and services to new customers by word of mouth. This can happen through a variety of channels such as email, mobile, and social media.

Referral programs are formal programs that exists in some organizations instituted by employers to encourage employees to refer candidates for jobs at the company.

Referral programs benefit both the employer and the current employees. In some cases, a bonus can be earned if a referred candidate is hired.

8 0
2 years ago
Read 2 more answers
Wynn, Inc. manufactures beanies. The budgeted units to be produced and sold are below: Expected Production Expected Sales August
lora16 [44]

Answer:

Hence, the budgeted cost of purchases is 12,474 yards

Explanation:

To compute the budgeted cost of purchase, we need to require to do calculations which are shown below:

1. First, we have to compute the purchase amount

= Required production in august + ending inventory - beginning inventory

where,

required production equals to

= expected production × number of yards

= 3,500 units × 18

= 63,000 yards

The ending inventory is 5% of next month production which equals to

= September expected production × number of yarns × rate

= 2,800 units × 18 yards × 5%

= 2,520 yards

And, the beginning inventory is 3,150 yards

Now put these values to the above formula

So, the purchase amount would be equal to

= 63,000 + 2,520 - 3,150

= 62,370 yards

And the cost of a yard is $0.20

So, the budgeted cost of purchase equals to

= Purchase amount × cost of yard

=  62,370 × $0.20

= 12,474 yards

Hence, the budgeted cost of purchases is 12,474 yards

7 0
3 years ago
The NFL Trust is responsible for which of the following activities? A. Ownership of all team logos and trademarks. B. Oversight
lana [24]

Answer:

The correct answer is the option D: All of these are correct.

Explanation:

On the one hand, a "trust" is known in the economics and business field as the partnership between two or more companies that produce in the same industry and therefore that the main objective of this new agreement among the partners is to increase the market area or to take more advantage by working together, increasing both parties revenues.

On the other hand, the NFL trust is known to dominate the market of the football league in all its aspects, including all the teams logos and trademarks as well as the organization of the league's properties rights and the distribution of revenue for those concepts.

4 0
3 years ago
Atlantic+bank+is+required+to+hold+10%+of+deposits+as+reserves.+if+the+central+bank+increases+the+discount+rate,+how+would+atlant
ohaa [14]

In this case the Atlantic bank will respond by increasing its bank reserves.

Bank reserves is the minimal amount of cash that financial institutions must keep on hand in order to comply with central bank standards . The purpose of the cash reserve regulations is to make sure that every bank has enough cash on hand to handle any significant and unforeseen demand for withdrawals.

The federal discount rate is the interest rate that the Federal Reserve  bank charges banks to borrow money from it.

A higher discount rate makes it more expensive for banks to borrow, which reduces the amount of money available and reduces investment activity.  In contrast, a decline in the discount rate lowers the cost of borrowing for commercial banks, which increases the amount of credit that is accessible and lending activity across the economy.

To learn more about  bank reserves here

brainly.com/question/16196841

#SPJ4

3 0
1 year ago
Assume a demand equation for good​ 'x': Q = 9 - 0.1p - p_y + 0.01p_z + 0.0005Y; where p = own price of the good Q = quantity dem
Ray Of Light [21]

Answer:

Q = 10 - 0.1p

Explanation:

Given that,

Demand equation for good​ 'x':

Q = 9 - 0.1p - p_y + 0.01p_z + 0.0005Y

Where,

p = own price of the good

Q = quantity demanded

p_y = price of a related good = $3

p_z = price of a different related good = $200

Y = consumer income = $4,000/month

Therefore, the quantity demanded as a function of the price can be written as follows;

Q = 9 - 0.1p - p_y + 0.01p_z + 0.0005Y

Q = 9 - 0.1p - 3 + 0.01(200) + 0.0005(4,000)

Q = 6 - 0.1p + 2 + 2

Q = 10 - 0.1p

5 0
3 years ago
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