Coffee Company had a $500 beginning balance in its supplies account. The company purchased $2,000 of supplies during the accounting period. A physical count of supplies determined that $400 of supplies were on hand at the end of the accounting period. The amount of supplies expense to be recognized is ______.

Answers

Answer 1

Answer:

$2,100

Explanation:

Supplies is a asset which is debited to add, credited to remove

We start with $500, and purchase $2,000, leaving us with $2,500 in supplies.

We have $400 left at the end of the accounting period.

$2,500 - $400 = $2,100 (used)

Therefore, we make our adjustment, and debit the Supplies expense account for $2,100


Related Questions

You have allocated $8,000 for employee training. You have 20 employees and each course costs $200. How many training courses can you afford per employee?

Answers

Answer:

B) 2

Explanation:

$8,000 divided by 20 is 400, $400 divided by $200 is 2 courses per employee.

The number of training courses you can afford per employee is 2.

How many training courses can you afford?

The mathematical operation that would be used to solve this question is division. Division is the process of grouping a number into equal parts using another number. The sign that represents division is ÷

The first step is to divide the amount allocated for employee training by the number of employees.

= $8,000 / 20 = $400

The next step is to divide $400 by the cost of each course

$400 / $200 = 2

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True or False: Promotional activities are not included in budgeting with other business expenses.

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It is True that Promotional activities are not included in budgeting with other business expenses.

This is based on standard accounting practice, which states that the promotional budget is a separate amount from the business budget, and it is meant to promote the business activities.

A promotional budget is often determined as a percentage of the business budget cost. The promotional budget is usually earmarked separately. It can be a proportion from profits, sales, production, etc.

Hence, in this case, it is concluded that the promotional budget is not included in the business budget cost.

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an economist would explain reece’s decision to be – because she – the prepaid cost, and made her decision based on the marginal benefit and cost of going. in economics these prepaid costs would be referred to as – costs, which are unrecoverable.

Answers

Answer:

An economist would explain Reece’s decision to be rational  because she ignored  the prepaid cost, and made her decision based on the marginal benefit and cost of going. In economics, these prepaid costs would be referred to as sunk costs, which are unrecoverable.

Item
Item
Muhammad is considering investing some of his hard-earned cash by opening a certificate of deposit.
Muhammad is disappointed to learn that If he invests
$500, he will likely only earn an additional
$9 a year from today. So, he decides to invest his funds somewhere that will generate more income for
him. Which of the following did Muhammad find unsatisfactory about the certificate of deposit? (1 point)
Item
Item
Item
O The risk of the investment was too high.
O The return on his investment was too low.
The liquidity of the investment was too high.
The liquidity of the investment was too low.

Answers

What Muhammad found unsatisfactory about the Certificate of deposit is that the return on the investment was too low.

Basically, a certificate of deposit is under a Short term investment instrument which yields low interest value for investors.

The Short term investment yields on investment are low because it is for short period of time and involves lesser risks. Other instruments under Short term investment includes Money market etc.

Therefore, the option C is correct because the Certificate of deposit was seen as unsatisfactory by Muhammad because the return on the investment was too low.

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Answer:

here are all the answers to this quick check

Explanation:

1. an individual purchases stock with the intent to sell it later at a higher price

2. The return on his investment was too low.

3. higher returns and higher liquidity than other investments

4. Elena could purchase multiple assets from multiple sources.

5. She might miss a better investment opportunity because real estate is not particularly liquid.

I just took it and got 5/5 hope this helps :)

How do I quit my job as cashier already wrote resignation letter

Answers

dont walk up to ur boss n dont say nun n jus walk out dat mf yo
Then your good job t

during the introduction stage sales are ______ and profit is ______.

Answers

Product Life cycle Management has several stages. The stages determined the growth and low downs of product. During the introduction stage, sales are growing slow(low) and profit is minimal.

Market Introduction stage is often called the introduction stage that has a low growth rate of sales as the product is said to be recently brought into limelight and consumers may not know much about it.

Most times, firms do experience losses rather than profits during this stage. and so when product is new on the market and small or no profit is made due to high costs and low sales.

Conclusively, the stage gives a lot of opportunities such as low competition in the market.

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how was each monopoly situation successfully eliminated?

Answers

Answer:

monopoly is fire my guy

dude its so hard not to rage in that game

which of the following are NOT needed to calculate cost of goods sold
a. purchases and wages
b. purchases and salaries
c. wages and closing stock
d. wages and salaries​

Answers

Option c is correct.

Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card. What is Keisha’s net worth?
$88,700
$91,700
$292,700
$496,700

Answers

Answer:

$88,700

Explanation:

Given:

Keisha owns a house value $275,000 with a mortgage of $195,000. She owns a car value $12,000 and has $7,500 in car loans.

She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card.

Hence, The net worth of Keisha is $88,700

Answer:

Answer:

$88,700

Explanation:

Given:

Keisha owns a house value $275,000 with a mortgage of $195,000. She owns a car value $12,000 and has $7,500 in car loans.

She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card.

Hence, The net worth of Keisha is $88,700

Explanation:

3. How do the ultra rich use charitable giving to make sure they pay less taxes?

Answers

Because when you donate to a charity it will not be taxed so you can put your money somewhere without it being taxed with it going somewhere good

suppose the market for apples is perfectly competitive. the first graph depicts the supply and demand curves for the market for apples. the second graph represents an individual apple grower. graph the demand curve the individual grower faces by placing the endpoints of the firm demand curve in the correct locations.

Answers

A perfectly competitive market is a market where there are many buyers and sellers of identical goods. The price of a good is determined by market forces. This means that price is determined at the intersection of the demand curve and supply curve for a good.

If a seller attempts to set the price for his good, the demand for his good will fall to zero as consumers would patronise other sellers who sell identical goods at a cheaper price. This means that the demand for goods in a perfectly competitive firm is perfectly elastic. Thus, the demand curve is horizontal.

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What is a C corporation?

Answers

Answer:(:

Explanation:

A C corporation, under United States federal income tax law, is any corporation that is taxed separately from its owners.

on friday, elsbeth deposited her pay check for $872.56. what was the account’s final total? -$866.84 $878.28 $895.03 $903.10

Answers

It is I think $2670.96

Answer:

The correct answer is B. $878.28

Explanation:

Trust me.

Select the correct answer.
Which statement describes an advantage or benefit of market research?
A.
It guarantees a business’s success and profits.
B.
All its methods are inexpensive and easy to apply.
C.
It helps a business explore new opportunities in the market.
D.
It is necessary only in a business’s initial stages.

Answers

Answer:

c

Explanation: just did the test

suggest any 5 methods by which the condition of technical education can be improved ​

Answers

Answer:

Acknowledge and address overcrowding.

Make funding schools a priority.

Address the school-to-prison pipeline.

Raise standards for teachers.

Put classroom-running and curriculum-building decisions in the hands of the community.

Explanation:

Technology can be utilized to improve teaching and learning and help our students be successful. ... Through the use of learning management systems (LMS) students can access online resources to get assistance on demand beyond the physical reach of their teacher. Technology can also extend education in another way.

assisted projects aimed at improving technical and vocational education. Introduction ... priorities as defined by aid recipients (see, for example, Gray &.

Technical education is a term applied to schools, institutions, and educational programs that specialize in the skilled trades, applied sciences, modern technologies.

based on normal market reaction, the market price of stock will:

Answers

Explanation:

the study of the characteristics of human populations such as size density age race gender and income is known as

what is your name and why?

Answers

Answer:

my name is sonia and it's my parent's choice,so don't know why

Explanation:

brainliest plz

why should mary ann and nana create a business plan?

Answers

One of the most important steps in beginning and operating a business is writing a business plan. It acts as a strategic instrument to direct choice-making, reduce risk, and increase chances of success.

A business plan is a strategic instrument for defining and clarifying the concept of the business as well as its main aims and objectives. It offers a methodical manner to describe what the company wants to accomplish and how it intends to do it.

In a business plan, Mary Ann and Nana describe the approaches they aim to take in order to realize their objectives. They can use it to plot out their necessary course, spot probable obstacles, and make backup plans.

The financial, human, and technological resources that the company will require to run successfully are listed in the business plan. This guarantees effective resource allocation and prevents wasteful spending.

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On May 28, 2021, Mary purchased and placed in service a new $60,000 car. The car was used 60% for business, 20% for production of income, and 20% for personal use in 2021. In 2022, the usage changed to 40% for business, 30% for production of income, and 30% for personal use. Mary did not elect immediate expensing under § 179. She did not claim any available additional first-year depreciation. Compute Mary's cost recovery deduction for 2021 and 2022 and any cost recovery recapture for 2022.

Answers

Mary's cost recovery deduction for 2021 and 2022 include $8000 and $8400 while the cost recovery recapture for 2022 is $3200.

The MACRS cost recovery for 2021 will be calculated thus:

= $60000 × 20%

= $12000

Since the depreciation for luxury automobile is limited to $10000, the the cost recovery deduction for 2021 will be:

= $10000 × (60% + 20%)

= 80% × $10000.

= $8000

Mary's cost recovery deduction for 2022 will be;

= (40% + 39%) × $12000

= 70% × $12000

= $8400

The cost recovery recapture for 2022 will be calculated thus:

Cost recovery deduction = $8000

The straight-line depreciation will be:

= 10% × $60000 = $6000

The proportionate depreciation for business and production will be:

= (60% + 20%) × $6000

= 80% × $6000

= $4800

Therefore, the cost recovery recapture in 2022 will be:

= $8000 - $4800

= $3200

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should my husband and i get our retirement accounts at the same place to make things easier when one dies

Answers

Answer:

yes if you trust him

Explanation:

________ processes span an organization and support activities in multiple departments.

Answers

Answer:

Enterprise processes span an organization and support activities in multiple departments.

One characteristic of the United States Foreign Corrupt Practices Act is that it: ____________

a. applies to only international transactions that occur within the territorial borders of the United States.
b. is an attempt to support U.S. businesses by exporting U.S. values that indirectly aid business.
c. clearly stipulates terminology and behavior that is illegal on the part of U.S.
d. businesses and foreign business operating in the United States.
e. includes uncertainties such as terminology, definitions, accounting standards, and behavior standards.

Answers

One characteristic of the United States Foreign Corrupt Practices Act is that it clearly stipulates terminology and behavior that is illegal on the part of U.S

United States Foreign Corrupt Practices Act was set up in 1977. It helps to

serve as a guide to know the legal and illegal behavior expected of

individuals by the USA.

Example of illegal behavior by the Act includes offering bribes for favor to gain business deals, keeping to agreements etc.

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Review three online articles that describe characteristics of a good investment opportunity. write a one - paragraph summary of each.

Answers

Answer:

1. Ownership Investments

Ownership investments are the most volatile and profitable class of investment. The following are examples.

Stocks

Owning stock means owning a portion of a company. It may be a miniscule stake, but it's ownership.

More broadly speaking, all traded securities, from futures to currency swaps, are ownership investments. Investors purchase them in order to share in the profits, or because they will increase in value, or both.

Some of these investments, such as stocks, come with the right to a portion of the company's value. Others, such as futures contracts, come with the right to carry out a certain action that will benefit their owners.

2.     Let’s face it, starting a business can be expensive. Few entrepreneurs have the cash on hand to get the ball rolling without some outside help. If you’re starting a small business or looking to grow your business, you may seek financing through a traditional loan, a microloan, or cash from your friends and family. You can also seek funding from investors which is why it’s important to understand what investors look for before investing.

Remember that investors are fundamentally different from lenders, and you’ll need to consider that when you decide what kind of funding you want. Lenders give you money and you repay it with interest. Investors give you money in exchange for ownership of part of your business. Their investments may come with restrictions–that you have to get approval for transactions over a certain dollar amount, for example, or that you have to set up an independent Board of Directors. And investors have certain rights, too, which you should discuss with your lawyer before jumping in.

Investors can be a great thing for your business. First, an investor isn’t demanding repayment every month because it’s not a loan. An investor can also be a reliable source for business advice and may have a strong business network that you can draw on. But this isn’t free money – your investors will have certain expectations.

If you do decide that you want to seek funding from investors, how do you draw them in? What is it that makes them decide to put money into a business?

3.    As an investor, you have a lot of options for where to put your money. It’s important to weigh types of investments carefully.

Investments are generally bucketed into three major categories: stocks, bonds and cash equivalents. There are many different types of investments within each bucket.

Here are six types of investments you might consider for long-term growth, and what you should know about each.  Note: We won’t get into cash equivalents — things like money markets, certificates of deposit or savings accounts — as those types of investment accounts are less about growing your money and more about keeping it safe.

Explanation:

Suppose you are in your first year as a marriage and family counselor and find clients ask you questions about your professionalism and experience. What would be a suggested next step to demonstrate professionalism?

A. receive additional certification
B. give recommendations to clients
C. give resume to clients
D. put license on the wall

Answers

Answer:

c

Explanation:

this would show your clients that you are professinal

Answer:

yea the c one is the correct I know the answer but don't tell me I have copied ok bye...:)

old Spanish-type houses in have huge high-pitched roo​

Answers

Sorry, what does this mean?

what is the question kind lad

the manager at creative minds inc. is distressed that employee absenteeism increased by 16% in the past year. how would you recommend the manager respond to this inside force?

Answers

I will recommend that the manager identify the frequently absent employees and replace them with artificial intelligence.

Today, the artificial intelligence is a modern technology which performs the function of employees more efficiently and effectively.

The artificial intelligence such as software package that perform a work process automatically does not makes mistakes and does not appear absent as place of work.

Therefore, i will recommend that the manager identify the frequently absent employees and replace them with artificial intelligence.

The option includes "a. Evaluate the HR practices to ensure they are generating the behaviors needed to accomplish strategic goals. b. Identify the frequently absent employees, and replace them with artificial intelligence c. Remind employees about how Creative Minds is genuinely connected to supporting youth art programs. d. Demonstrate how the firm is committed to simultaneously tackling global social issues and maximizing shareholder wealth."

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Answer:

Identify the frequently absent employees, and replace them with artificial intelligence.

Explanation:

lyft’s use of driver ratings helps to give passengers confidence in their knowledge of the drivers and to convey trust. this relates to which component of service quality?

Answers

Assurance to humans in terms of service delivery is very important. It tells if service delivered is acceptable or not. This relates to Assurance component of service quality.

In the various sector or the economy, there are various ways used to improve service quality. In the transportation sector, service quality is done through:

The encouragement of agent feedback.

The use of agents listen to calls.

The sending of post-contact surveys after every interaction. etc.

Conclusively, Service Assurance is the use of policies and processes by any firm to make sure that services rendered meet a pre-defined service quality level.

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Which situation best illustrates the economic concept of opportunity cost?
A. A business has to change its production methods to meet
environmental regulations.
B. A business hires a new programmer, so it can't afford to hire a new
salesperson.
C. A business decides to expand by borrowing a lot of money from
an investor
D. A business opens branches overseas, so it has to hire more
multilingual staff

Answers

B. because opportunity costs is giving up one benefit to gain another benefit.

In today's global market, opportunity cost is when a company hires a new coder but cannot afford to engage a new salesperson. Therefore, option B is correct.

What is an opportunity cost?

When a decision must be made between numerous mutually exclusive options due to limited resources, the opportunity cost of that decision is the value of the best alternative forgone.

Opportunity cost follows directly from the shortage. While determining how to spend their money and time, people must make decisions from various options.

The potential benefits that a person, investor, or business forgoes while choosing between two possibilities are known as opportunity costs. Opportunity costs are easily disregarded because they are by nature invisible.

Opportunity cost is the difference between the value of a different option and the value of the selected one. Opportunity cost is a notion used in decision-making to assist people and organisations in making better decisions, primarily by considering alternatives.

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Sue worked 48 hours this week. Her rate of pay is $13.75 per hour. What is her gross pay?

Answers

Answer:

The answer is $660 because you will multiply 48 and 13.75

Explanation:

48*13.75=660

Investors are often presented with risky investment opportunities. While high risk is typically avoided by
savvy investors, which of the following would the ideal risky investment offer? (1 point)
O higher returns and higher liquidity than other investments
O higher returns and lower liquidity than other investments
O
o
O
lower returns and lower liquidity than other investments
O lower returns and higher liquidity than other investments

Answers

The typical ideal risky investment offers a higher returns and lower liquidity than other investments

Risky investment are investment which has the property of being risky and usually take long period of time to start yielding higher return for the investors.

Example of Risky investment includes Options, Futures, Stocks Investments, Equity, and other Capital market instruments etc

The advantage of risky investment is that the yield on return are very higher than non-risky investment such as Money market

The disadvantage of the investment is that its offer lower liquidity, that is, the rate at which the investment can be converted back to cash is very slow.

Therefore, the Option B is correct because Risky investment offers higher returns and lower liquidity than other investments.

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Answer:

higher returns and higher liquidity than other investments

Explanation:

just took the test and got it correct

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