The ends or results desired by an organization, which derive from the organization's mission, are called ______

Bramble Company purchased supplies costing $7160 and debited Supplies for the full amount. At the end of the accounting period,

Studentka2010 [4]

Explanation:

The adjusting entry is shown below:

Supplies expense A/c Dr $5,130

To Supplies A/c $5,130

(Being supplies account is adjusted)

The supplies expense is computed below

= Purchase of supplied made - supplies still on hand

= $7,160 - $2,030

= $5,130

We simply debited the supplies expense account and credited the supplies account

7 0

4 years ago

Teddy's Pillows had beginning net fixed assets of $471 and ending net fixed assets of $550. Assets valued at $319 were sold duri

photoshop1234 [79]

Answer:

Net Capital Spending = $121

Explanation:

The Net Capital Spending is the amount of money a company spends in the acquisition of fixed assets during the year. Mathematically, it is represented as:

Net Capital Spending = Ending net fixed asset - Beginning net fixed asset + depreciation

Net Capital Spending = 550 - 471 + 42 = $121

∴ Net Capital Spending = $121

3 0

3 years ago

Cory Manciagli is planning to retire in 20 years. Money can be deposited at 6% compounded quarterly. What quarterly deposit must

Vitek1552 [10]

Answer:

It will require quarterly deposits of $ 171.06

Explanation:

first we need to calcualte the present value of the retirement funds

and then, we will calcualte the PTM to achieve it.

1) present value of 40,000 semiannually over 10 years descounted at 6% cuarterly

$PTM \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

PTM 40,000 dollars

time 20 810 years x 2 payment per year)

rate 0.12 (0.06 x 2)

$40000 \times \frac{1-(1+0.12)^{-20} }{0.12} = PV\\$

PV $298,777.75

Now, we calcualte which PTM generate this amount over the course of 20 years

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV $298,777.74

time 80 (20 years x 4 quarter per year)

rate 0.06

$298777.75 \div \frac{1-(1+0.06)^{-80} }{0.06} = C\\$

C $ 171.063

8 0

4 years ago

In Benny v. City Car Dealership, a state supreme court held that a minor could cancel a con-tract for the sale of a car. Now a t

crimeas [40]

The answer is definitely d

5 0

3 years ago

A seller's broker sold a property to a buyer. Four months later, when the first rains of the season began, the buyer discovered

noname [10]

Answer:The Court considers;

1. Was the leaking roof conspicuous for anyone to see.

2. Was it inconspicuous that requires one to be informed of it's existence.

Explanation:

If (1) is the case then the buyer is responsible for the leakage for he his assumed to have noticed it but do not see it as an issue.

If (2) is the case, the broker is responsible for he his expected to have informed the buyer since the leakage is not obvious on the building

8 0

4 years ago

The ends or results desired by an organization, which derive from the organization's mission, are called _______.