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
Anna11 [10]
3 years ago
10

On December 31, 2019, Coolwear, Inc. had a balance in its supplies account of $48,400. During 2020, $86,000 was paid for new sup

plies. At the end of 2020, after adjusting entries were recorded, the balance in the supplies account was 42,000. Supplies expense for 2020 would be:_________
Business
1 answer:
Luden [163]3 years ago
6 0

Answer:

$92,400

Explanation:

Supplies expense for 2020 would be calculated as;

= Ending balance in supplies account on December 31, 2019 + Payment for new supplies in 2020 - Balance in supplies account at the end of year 2020

Given that ;

Ending balance in supplies account = $48,400

Payment for new supplies = $86,000

Balance in supplies account at the end of year 2020 = $42,000

Therefore,

Supplies expense for 2020

= $48,400 + $86,000 - $42,000

= $92,400

You might be interested in
Many firms advertise. What effect does advertising have on firm​ profits? One possible effect of advertising is to:_________
spayn [35]

Answer:

Option b: Increase profits by shifting the demand curve for the product to the right

Explanation:

Marketing is simply all the activities necessary for a firm to sell a product to a consumer. Firm engages in marketing to make their brand or product known.

Advertising has a whole lot of effect in the society at large. There are economic effect, social effect and others.

effects of advertising on the prices of goods and service includes exerting an upward pressure on prices that is the Cost of advertising is passed along to consumers and Advertising makes us less price sensitive) and exerting a downward pressure on prices may lead to economies of scale and Lowers the cost of sales.

Social Effects of Advertising is that it is manipulative and promotes unnecessary consumption,Advertising makes us more intelligent consumers and promotes worthwhile social causes.

6 0
3 years ago
Sales is $90 per unit; direct material is $30 per unit; direct labor is $12 per unit; overhead is $5 per unit and $2,100 per mon
AVprozaik [17]

Answer:

$10

Explanation:

7 0
3 years ago
based on rankings by forbes in 2003, the second-largest source country of multinational enterprises was .
Harlamova29_29 [7]

based on rankings by forbes in 2003, the second-largest source country of multinational enterprises was Japan.

What is multinational enterprises?

A corporate entity that owns and manages the production of goods or services in at least one nation other than its own is referred to as a multinational firm. Coca-Cola, Unilever, Pepsi, Starbucks, McDonald's, BMW, Suzuki, Samsung, etc. are a few instances of international corporations.

Therefore,

based on rankings by forbes in 2003, the second-largest source country of multinational enterprises was Japan.

To learn more about multinational enterprise from the given link:

brainly.com/question/494475

6 0
2 years ago
Kara was out jogging and, despite being tired, decided to run one more mile. based on her actions, economists would conclude tha
Contact [7]
Pushes herself and is determined to finish something she started.
7 0
3 years ago
Lawyers, accountants, and other professionals typically price by adding a standard markup for profit. This exemplifies ________.
Korvikt [17]

Answer:

B) cost-plus pricing

Explanation:

hope this helps :)

3 0
2 years ago
Other questions:
  • Product J is one of the many products manufactured and sold by Oceanside Company. An income statement by product line for the pa
    8·1 answer
  • You are the marketing analyst for Better Beans Coffee Company, which has nine stores nationwide. The company wants to build two
    15·1 answer
  • Most of the property in command economies is owned by who​
    7·1 answer
  • The operations, management, and regulation of a financial conglomerate are the same irrespective of the types of services offere
    10·1 answer
  • Fixed-income securities consist of debt instruments and preferred stock. Bonds are debt securities in which a borrower promises
    14·1 answer
  • An analysis and aging of the accounts receivable of Hugh Company at December 31 revealed the following data: Accounts Receivable
    9·1 answer
  • What is the action called that unreasonably restricts competition and functions against the public interest?
    11·1 answer
  • Your uncle the banker offers to lend you $25,000 to start a new business. You will have to make a payment of $7,000 at the end o
    13·1 answer
  • Cash receipts and cash disbursement budgets for a government: Should be prepared monthly or as needed to enhance cash management
    6·1 answer
  • One of the things that makes a triceratops unique when comparing it to other ceratopsidae is that it's frill?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!