subject
Business, 12.02.2020 03:58 Tooey2331

During the accounting period, office supplies were purchased on account for $ 3 comma 000. A physical count, on the last day of the accounting period, shows $ 1 comma 400 of office supplies on hand. Supplies Expense for the accounting period is $ 3 comma 400. What was the beginning balance of Office Supplies?A. $4,000B. $600C. $2,200D. There is not enough information to answer this question.

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 07:30, mdndndndj7365
Which of the following best describes why you need to establish goals for your program?
Answers: 3
image
Business, 22.06.2019 17:30, leannhb3162
Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $
Answers: 2
image
Business, 22.06.2019 21:00, diablo871
Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be:
Answers: 3
image
Business, 22.06.2019 21:50, reggiegilbert1995
Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.
Answers: 2
You know the right answer?
During the accounting period, office supplies were purchased on account for $ 3 comma 000. A physica...

Questions in other subjects: