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Semmy [17]
3 years ago
11

The balance in the supplies account, before adjustment at the end of the year, is $4,850. Journalize the adjusting entry require

d if the amount of supplies on hand at the end of the year is $880.
Business
1 answer:
rodikova [14]3 years ago
7 0

Answer:

Supplies Expense           $3970 Dr

        Supplies Account      $3970 Cr

Explanation:

The adjusting entry is made at the end of the accounting period. If on the day of adjusting entry, the supplies account shows a higher balance then the supplies on hand, we will need to charge the difference between these two amounts to the supplies expense account and reduce the supplies account by the same amount.

The difference between supplies account and supplies on hand is 4850 - 880 = $3970

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Answer:

  • <u><em>c. The price of cheese increases</em></u>

Explanation:

Since the resources (money) are limited, the students have to choose among the three options they like to eat from the <em>food establishments on campus.</em>

  • <em>pepperoni pizza,</em>
  • <em>bean and rice burritos, and</em>
  • <em>hamburgers (made from beef) </em>

<em />

Reasonably, they will choose to eat the food that optimizes the use of their money, i.e. they search to optimize the utility they receive.

Since cheese is a fundamental ingredient of pizza, <em>if the price of cheese increases</em>, the price of pepperoni pizza shall increase.

Thus, students will swift from eating pepperoni pizza to eating more food from the other establishments on campus, including hamburguers (made from beef).

Therefore, <em>if the price of cheese increases, most likely the quantity of hamburgers sold will increase.</em>

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The LA Galaxy understands the importance of attracting big name soccer stars like Beckham, Keane and Donovan to the team. For th
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Answer:

b) inseparability

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Inseparability: It refers to that thing that is not separate from each other. It is a combined service. Just like if a product is sold to a customer so along with it the repairing and warranty expenses are free of cost.

In the given example. the players and the gamer are treated as one which means that they are not inseparable.

So, all other options are incorrect except b. option

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An employee observes an outside individual putting some computer disks in her purse. the employee does not report this security
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They should've put in <span>security incident procedures.</span>
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Evidence by Blake, Elton, and Gruber indicates that, on average, actively managed bond funds ______. outperform passive fixed-in
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The answer is: underperform passive fixed-income indexes by an amount equal to fund expenses

Explanation:

According to Blake, Elton, and Gruber (The Journal of Business, 1993), the only people who benefit from actively managed bond mutual funds are those that work for the mutual funds and not their clients.

They discovered that when the mutual funds increased their fees in 1%, the total performance decreases in 1%.

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Search... Unlock all answers JOIN FOR FREE jswagballerlife4060 01/08/2020 Business College answered LO 5.3Direct material costs
Tomtit [17]

Answer:

$130,000

Explanation:

Calculation to determine the value of the inventory transferred to the next department

First step is to calculate the Cost per unit

Using this formula

Cost per unit = Direct material costs + Direct labor costs + Overhead

Let plug in the formula

Cost per unit=$3+$5+(100%*$5)

Cost per unit = $3 + $5 + $5

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Second step is to calculate the inventory transferred using this formula

Inventory transferred = Beginning inventory + Started Inventory - Ending inventory .

Let plug in the formula

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Using this formula

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Let plug in the formula

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Therefore the value of the inventory transferred to the next department is $130,000

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2 years ago
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