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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

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Currently, the Bureau of Labor Statistics does not include homemakers in its employment and labor force totals. What would happe
sdas [7]

Answer and Explanation:

Unemployment rate = (Unemployed/Labor force)*100

Labor Force Participation Rate = (Labor force/Adult population)*100

Labor force = number of unemployed + number of employed

Adult population = employed + unemployed + not in the labor force

When homemakers are included in the labor force as employed then the unemployment rate would go down, labor force would increase and so the labor force participation rate would increase.

The unemployment rate would decrease and the labor force participation rate would increase.

3 0
3 years ago
Myrtle Flower Company, sends its management trainees to an assessment center. There, the employees are assigned to small groups
soldi70 [24.7K]

Answer:

leaderless group discussion

Explanation:

Based on the scenario being described it can be said that the type of term for this type of development exercise is a leaderless group discussion or LGD for short. This exercise focuses on placing individuals in a group in order to work together on solving specific problems without help from a trained professional or expert in the matters that they are dealing with.

6 0
3 years ago
Jones Company incurred the following costs while producing 100 chairs: Units produced 100 chairs Direct materials $10 per unit D
Vikentia [17]

Answer:

The answer is: The ending balance in Finished Goods Inventory is $1,200

Explanation:

First we have to calculate the cost per chair produced, to do this we will find the total cost and divide by the number of chairs produced:

Units produced  100 chairs

  • Direct materials  $10 per unit  x 100 = $1,000
  • Direct labor  15  per unit  x 100 = $1,500
  • Variable manufacturing overhead 3 per unit x 100 = $300
  • Total fixed manufacturing overhead  $2,000

Total costs are $4,800 / 100 chairs = $48 per chair produced

There are 25 chairs left in finished goods inventory (FGI) = 100 - 75 = 25

The ending balance in FGI is = 25 chairs x $48 per chair = $1,200

3 0
3 years ago
As the winter holiday season was approaching, Margie decided to give each team a window display or an indoor display to decorate
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Answer:

The answer is autonomy (Option D)

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Autonomy in human resource management refers to the level or degree of discretion and freedom which an employee is permitted to exercise when performing his/her job.  In other words, it means granting employees the freedom on how to approach work.  

A manager or superior like Margie (in the question) who gives employees autonomy simply gives minimal instruction on what needs to be achieved but allows the employees to go about the job in ways that best suit them.

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3 years ago
Identify 4 economic resources from the attached picture.​
faltersainse [42]

Answer:

gold,crops, crisis, poverty

7 0
2 years ago
Read 2 more answers
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