On January 1, Great Designs Company had a debit balance of $1,700 in the office supplies account. During the month, Great Designs purchased $1,000 of office supplies and journalized them to the asset account upon purchasing. On January 31, an inspection of the office supplies cabinet shows that only $600 of office supplies remains.

Required:
Prepare the January 31 adjusting entry for office supplies.

Answers

Answer 1

Answer:

See below

Explanation:

On Jan 1st

Office supplies balance $1,700

Purchases = $1,000

Balance in office supplies account = $1,700 + $1,000 = $2,700

Amount to be written off of office supplies = $2,700 - $600 = $2,100


Related Questions

Here are selected 2022 transactions of Akron Corporation.

Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $ 62,000 and had a useful life of 10 years with no salvage value.
June 30 Sold a computer that was purchased on January 1, 2020. The computer cost $ 36,000 and had a useful life of 3 years with no salvage value. The computer was sold for $ 5,000 cash.
Dec. 31 Sold a delivery truck for $ 9,000 cash. The truck cost $ 25,000 when it was purchased on January 1, 2019, and was depreciated based on a 5-year useful life with a $ 4,000 salvage value.

Required:
Prepare a tabular summary to record all transactions described on the above dates.

Answers

The journal entries for the above transactions include:

Date              Account title                                             Debit                 Credit

Jan. 1 2022   Accumulated depreciation                $62,000

                     Machinery                                                                       $62,000

__________________________________________________________

Date              Account title                                             Debit                 Credit

June 30        Depreciation                                          $6,000

                     Accumulated Depreciation                                              $6,000

                    Accumulated Depreciation                  $30,000

                    Cash                                                       $5,000

                    Loss on sale of computer                     $1,000

                    Computer                                                                         $36,000

 

Working

Yearly depreciation:

= Cost / Useful life x 6/12 months in the year

= 36,000 / 3 x 6/12

.= $6,000

Accumulated depreciation so far:

= Depreciation for 2020, 2021 and half of 2022

= 12,000 + 12,000 + 6,000

= $30,000

Loss on sale:

= Selling price - (Cost - accumulated depreciation)

= 5,000 - (36,000 - 30,000)

= -$1,000

__________________________________________________________

Date              Account title                                             Debit                 Credit

Dec 31           Depreciation                                       $4,200

                      Accumulated depreciation                                            $4,200

                      Cash                                                   $9,000

                      Accumulated depreciation               $16,800

                     Gain on sale of delivery truck                                          $800

                      Delivery truck                                                                $25,000

Working

Depreciation:

= (Cost - salvage value) / Useful life

= (25,000 - 4,000) / 5

= $4,200

Accumulated depreciation:

= Depreciation x 4

= 4,200 x 3

= $16,800

Gain on sale:

= Selling price - (Cost - accumulated depreciation)

= 9,000 - (25,000 - 16,800)

= $800

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Something necessary to remain alive is a (an).

Answers

Answer:

an apartment

Explanation:

The WorldLight Company produces two light fixtures (products 1 and 2) that require both metal frame parts and electrical components. Management wants to determine how many units of each product to produce so as to maximize profit. For each unit of product 1, 1 unit of frame parts and 2 units of electrical components are required. For each unit of product 2, 3 units of frame parts and 2 units of electrical components are required. The company has 200 units of frame parts and 300 units of electrical components. Each unit of product 1 gives a profit of $1, and each unit of product 2, up to 60 units, gives a profit of $2. Any excess over 60 units of product 2 brings no profit, so such an excess has been ruled out.

Answers

Explanation:

I hope it helps I did it in power point presentation

The WorldLight Company produces two light fixtures (products 1 and 2) that require both metal frame parts

Research cyber espionage case and briefly describe it (provide a link to your website source

Answers

The primary goal of cyber espionage is to gather private or confidential data, trade secrets, or other kinds of intellectual property that the attacker can use.

What is cyber espionage?

Cyber espionage is a type of cyber attack that involves the theft of sensitive information or intellectual property from a target entity, such as a government agency, business, or individual. It involves the use of sophisticated hacking techniques, malware, and other cyber tools to gain unauthorized access to a victim's computer network or other digital systems. The objective of cyber espionage is often to obtain valuable information, trade secrets, or political or military intelligence that can be used for financial gain or to advance the interests of a foreign government. Cyber espionage can have serious consequences, including economic damage, reputational harm, and national security risks. As such, it is a major concern for businesses, governments, and individuals alike.

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Suppose that in the country of Sudland, when the yearly rate of economic growth fell from 3.0% to 1.5%, the yearly rate of increase in airborne pollutants fell from 6% to 5%. What is the average slope of a nonlinear curve between these points using the arc method

Answers

Answer:

2/3 0r 0.66667

Explanation:

we have to get which is the dependent variable and also the independent variable.

Δ in rate of economic growth causes Δ in the airborne pollutants. this tells us that airborne pollutants is dependent on the rate of economic growth.

change in economic growth = 1.5% - 3% = -1.5%

Δx = -1.5

the dependent vaiable is the y variable, that is the variable on the Y-axis.

ΔY = 5%-6% = 1%

from here we calculate the average slope

Δy/Δx = -1/-1.5

= 1/1.5

this is also equivalent to 2/3 or 0.66667

and example of world systems theory would be that a rich country like the us sends some of its dirtiest manufacturing over to countries like china, so the us can then buy back (for cheap) many of those products without having to live with the pollution they created.

Answers

Rivals have criticized world-systems theory for being overly centered on the economics, underemphasized on culture, and overly core- and state-centric.

These factors don't make sense when viewed through Wallerstein's nation-centered lens because they operate on a global scale as opposed to a state system.

According to systems theory, a world-system is a socioeconomic system that includes all or part of the world and details the overall structural outcome of all interactions between polities. Although they are not always global, world-systems are typically larger than single states.

1. The Knowledge Economy, first A "knowledge economy" is one where employment requires a high degree of technical and scientific expertise and is characterized by a high level of innovation in both fields.

2. Carbon emissions and climate change politics An uneven transaction underpins the politics of climate change.

3. The Packaged Food Sector and Hidden Hunger

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Describe the demographic segmentation that a company would use to
categorize you as a potential customer. Do you think you are representative of
that segmentation? Explain why or why not.

Answers

Seach engines are tracking all sorts of other things. Such as the most recent searches. What you've been reading so far. What you've been looking for but haven't purchased- your clothing measurements, your moral principles, the information in your emails.  Psychographic profiling is all about understanding who your customers are, what really matters to them, what their values are, and how that intersects with their purchasing decisions, preferred information sources, and so on.


Demographic segmentation of customer bases is now extremely complex, allowing for micro-targeting on previously unimaginable scales. So, do I represent a segmentation? I am, indeed.

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A country wants to promote economic growth by giving companies more
freedom. It cuts taxes on corporations, eliminates environmental regulations,
and makes it easier to start new businesses. The government tries to limit its
involvement in economic issues as much as possible.
This situation best reflects the influence of which economic thinker?

A. John Maynard Keynes
B. Karl Marx
C. Adam Smith
D. Thomas Robert Malthus

Answers

C. Adam Smith lived in the 18 century he was scottish

Answer: Adam Smith

Explanation: Considered a modern economist, Adam Smith was of the view that the government's main jobs are national security, civil law enforcement, and involvement in public work. He was against restrictions and interferences of the government in market activities giving a free hand to companies for operating and thus contributing to economic growth.

Ybarra stock has a beta of 1.63 and an expected return of 13.1 percent. The risk-free rate of return is 1.5 percent, and the market rate of return is 8.2 percent. Which one of the following statements is true given this information?
Ybarra stock has more systematic risk than the overall market.
The return on Ybarra stock will graph above the security market line.
Ybarra stock is overpriced.
The expected return on Ybarra stock based on the capital asset pricing model is 8.2 percent.
Ybarra stock is correctly priced.

Answers

Ybarra stock has more systematic risk than the overall market.

Given the information, the true statement regarding Ybarra stock is that it has more systematic risk than the overall market.What is systematic risk?Systematic risk is a type of risk that is associated with the entire market or an entire asset class, rather than any particular stock or financial instrument. Systematic risk is also known as market risk, and it affects the overall market by influencing the overall price level of securities within the market.What is beta?Beta is a measure of systematic risk. The beta of an asset measures how closely the asset's returns are related to market returns. Beta measures the systematic risk of an asset, and it tells you how much systematic risk there is in an asset, relative to the market.

The beta of the overall market is 1.0, and if an asset has a beta of less than 1.0, it is less risky than the market, and if it has a beta greater than 1.0, it is more risky than the market.What is the capital asset pricing model (CAPM)?The capital asset pricing model (CAPM) is a financial model that uses beta to calculate the expected return on an asset. The CAPM states that the expected return on an asset is equal to the risk-free rate plus the asset's beta times the market risk premium (i.e., the excess return of the market over the risk-free rate). The CAPM is used to determine the expected return on an asset based on its risk.

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What should a manager ideally do after implementing a solution to a given work-related problem?

Answers

Answer:

After implementing a solution to a given work-related problem, the manager should EVALUATE THE OUTCOME OF THE SOLUTION.

...

focus on other problems.

evaluate the outcome of the solution.

analyze the experience of the decision-making process.

evaluate the performance of all employees involved in the problem-solving process.

Answer:

Evaluate the outcome of the solution

Explanation:

Correct in Edmentum! I took the test!

How often should you email your email list?

Answers

As long you feel the need!

If you liked this please give me the brainliest.

DEPENDS ON YOUR NEED

SO ACCORDING TO ME, IT DEPENDS UPON YOUR NEEDS IF YOU NEED TO U CAN EMAIL AROUND ONCE PER DAY BUT IF IT'S NOT THAT IMPORTANT YOU CAN JUST DO IT ACCORDING TO YOUR WISH IT CAN BE ONCE OR TWICE, OR THRICE A WEEK.

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how to write
market analysis for a event planning business​

Answers

Answer:

In a recent article we discussed the importance of the role that an effective executive summary plays in a business plan. This article will address another critical component of any business plan — the market analysis.

Conducting a market analysis is an essential process for anyone looking to start a successful business. 

The market analysis portion of your business plan should communicate your profound knowledge of your particular market, and provide an explanation of why that market is enticing from a financial perspective.

What is a Market Analysis?

A market analysis consists of the combination of quantitative and qualitative assessments of a given market. 

A thorough market analysis will convey insights derived from investigating the size of the market in both volume and value, the customer segments that comprise the market, the buying habits that these consumers exhibit, competitors, and any barriers to entry. We’ll go into detail on barriers to entry later on in this article.

The purpose of the market analysis section of a business plan is to prove to stakeholders such as potential investors that you know your market thoroughly, and that there is viable opportunity for a sustainable business venture.

How to Perform a Market Analysis

Step #1: Determine Market Size 

The first step in performing a market analysis is to assess the size of the market.

While doing so, your approach will depend on the scale of your potential business. For example, if you’re looking to open a local coffee shop then you should take a local approach to assessing your market. 

Contrastly, if your business plan is proposing a nationwide chain of coffee shops, then you need to assess your market at a national scale. 

While determining market size, you must look at both volume and value. Volume refers to the number of potential customers, and value refers to the value of the market itself. 

Determining market value can be a challenge. One approach is to see if the figure is publicly available, perhaps shared by a government entity. Other approaches include buying a market research report, or simply estimating the figure yourself.

Step #2: Conduct Market Segmentation

If your proposed business will target certain market segments, then you should segment the market to understand it further. 

A best practice to start market segmentation is to examine the market from a demographic perspective. This provides surface level insights that can help you determine where next to drill into. 

Other segmentation methods that you can use as they pertain to the business’ products and services include geographic segmentation, behavioral segmentation, and psychographic segmentation. 

You can even use these various methods of segmentation in tandem!

Step #3: Define Your Target Market

A target market is comprised of the customers that you will focus on within the market. 

For example, if you were thinking about opening a coffee shop, you could decide to either be a generalist — selling standard, affordable coffee drinks — or you could choose to focus on high-end, expensive gourmet coffee instead. 

Each of these examples would appeal to different market segments, and the approach to connecting with the relevant target market would be different despite having a similar core product (coffee). 

Defining your target market is most important when your market has obvious segments that have differing drivers of demand. 

Step #4: Define The Market Need

Now we are moving on to the more qualitative assessment of the market by defining the market need.

While defining the market need, you should go into detail on the drivers of demand for your product. Why will people buy your product? What problem is it solving? How is it different from what is already in market? Why should this market purchase from your company specifically? 

It helps here to be exhaustive about researching existing competition in the market and their relevant strengths and weaknesses. This will inform your market positioning, which should be thoroughly addressed later on in your business plan. 

The market need can often be derived from looking at the efforts of competitors, and drilling down into the areas that they are not focusing on, or areas that you can provide better value than what they offer. 

Step #5: Outline Barriers to Entry

In this section of your market analysis, you should answer two questions that investors always ask:

What factors prevent someone from opening a competing shop in proximity to yours and taking 50 percent of your business?


What factors do you think will make you successful while entering this market?


Simply put, barriers to entry protect your business from new competition. 

Examples of barriers to entry include:

Brand — the costs required to obtain a certain level of recognition


Location


Regulation


Access to resources — such as suppliers and third-party vendors


Technology


Investment


Access to distribution channels


Conclusion

Most modern workers _________.
a.
Will change their careers, but not their jobs
b.
Will change their jobs, but not their careers.
c.
Will change both their jobs and careers
d.
Will change neither their jobs nor their careers

Answers

Answer:

B. Will change both their jobs and careers

Explanation:

Internet made it really easy for people to access information , including new educations. Due to the abundant of information that the people can use, acquiring new skills and connections that required to change jobs became much Easier.

According to the data that recorded by the government, around 51% of modern workers change their jobs within 1-5 years period and around 30% workers change their careers every 12 months.

Answer:

c.

Will change both their jobs and careers

Explanation:

got it right on edge

If I paid 550 dollars every month how much did i pay in the past 7 years?

Answers

Hello!

1 month => 550

1 year = 12months => 550 x 12 =6600

7 year = 6600 x 7 = 46200

The answer is 46200

why would you use computer-aided design (cad) software?

Answers

Answer:

CAD enables the development, modification, and optimization of the design process. CAD enables the development, modification, and optimization of the design process. Thanks to CAD, engineers can make more accurate representations and modify them easily to improve design quality.

Explanation:

Answer: To re-create the layout of a space before actually moving anything.

Explanation: took the quiz

Task: Now that you are about 50% completed with your course, I would like for you to take this time to reflect on your current grade. Your task is to:

1. Review your grade by looking up your Actual Grade and Progress.
2. Write a 3-4 sentence reflection piece on how you aim to continue thriving or how you will improve your grade. This
must be in complete sentences in order to recieve appropriate credit.

Once you have gathered your information, you will enter it below in paragraph form. Everything must be in complete sentences. Please check for any grammar and/or punctuation errors.

Answers

Answer:

I don't really think you need help with this but umm you can write after looking at your grade: *this is an example*

Explanation:

(For online)

"I would like to improve my grade by focusing more and not getting distracted. Another way I would like to improve my grade is where I can work without any noise. Lastly, I would like to improve my grade by turning off any electronics in sight or reach."

(Longer sentence with some grammar and/or punctuation errors checked):

"I would like to generally improve my grade by focusing kind of more and not getting distracted, particularly contrary to popular belief. Another way I would like to mostly improve my grade basically is where I can work without any noise, which specifically is quite significant. Lastly, I would like to kind of improve my grade by turning off any electronics in sight or reach, or so they for the most part though."

-------------------------------------------------------------------------------------------------------------

(For face to face school)

"I would like to improve my grade by asking the teacher for help when needed. Try and ignore my friends when they try and talk to me in class (if you're with friends), Try and ignore people around me if they talk to each other or if they talk to me (without friends). Focus on my work and take notes when asked or needed."

(Longer sentence with some grammar and/or punctuation errors checked):

"I would like to for the most part improve my grade by asking the teacher for particular help when needed, or so they definitely thought. Try and mostly ignore my friends when they for the most part try and definitely talk to me in class (if you're with friends), generally Try and basically ignore people around me if they really talk to each definitely other or if they, for the most part, talk to me (without friends), basically contrary to popular belief. Focus on my work and particularly take notes when for all intents and purposes asked or needed, demonstrating how literally try and for the most part ignore my friends when they mostly try and specifically talk to me in class (if you\'re with friends), actually Try and basically ignore people around me if they, for the most part, talk to each definitely other or if they actually talk to me (without friends), which particularly is fairly significant."

Lastly:

Good Luck!

A source document should always do which of the following?

A. Be printed on paper
B. Record the date of the transaction
C. Bear an authorized
D. Include a number that can be used for recording

Answers

Answer:

Record the date of transaction

Explanation:

3. 1.2 Explain how the looting of shops and malls will affect businesses in terms of the relationship between social responsibility and Triple bottom line

Answers

Looting shops and malls is a serious crime which today's world faces. Whenever there is any event or natural disaster there is a group of people who exploit this situation.

Many shops and malls are looted as everyone is busy escaping the natural disaster.

There are the people who benefit from these crisis. There is social responsibility of every citizen not to exploit the situation.

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The looting of shops and malls reduces the incentives for businesses to carry out their social responsibility and minimizes their ability to meet the Triple bottom line.

Social responsibility imposes an obligation on businesses to strike a good balance between these factors:

economic growthsocial welfareenvironment impact

Similarly, businesses have the mandate to meet the Triple bottom line in these ways:

Meeting financial performance targets in terms of profits and shareholder valuesMaking positive social impact on the people, internal and externalEnsuring that their environmental footprint is not too negative on the planet.

Thus, when people engage in the looting of shops and malls at the slightest provocation, the ability of businesses to meet both their social responsibility and Triple bottom line is jeopardized.

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What is true about having exceptional credit?
A. A person makes a habit of paying for only exceptional service.
B. A person's FICO score is 800 or more.
C. A person's FICO score is 300.
D. A person uses cash mostly and credit as an exception.

Answers

The true about having exceptional credit is option B. A person's FICO score is 800 or more.

What is a FICO score?

A FICO score is a type of credit score that is used by lenders to help determine creditworthiness. It is a numerical score that ranges from 300 to 850, with higher scores indicating lower credit risk.

The score is based on information from a person's credit report, including payment history, credit utilization, length of credit history, and types of credit. Lenders often use a person's FICO score to help decide whether to approve a loan or credit application, and at what interest rate.

Therefore the correct answer is as given above

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what is brand DNA about Save the children

Answers

The brand DNA in save the children has to do with the art that the organization is known by.

What is save the children about?

Around the world, Save the Children's work helps save and better the lives of children. When kids need it most, we fight to make sure they have access to school opportunities and child safety services in addition to healthcare, food, and housing.

They are caught up in conflict and calamities that they had nothing to do with causing. They also lack access to an education and other fundamental rights that are owed to them. Better is due to every youngster. We prioritize the needs of the most vulnerable kids while promoting the rights and interests of kids everywhere.

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Give a minimum of three reasons why cover letters are important.

Answers

Answer:

1. Cover letters can prove that you're a serious candidate for the job.

2.  It can showcase how your unique skills and experience meet the key requirements of the job description.

3.  It gives more of a background knowledge of who you are.

Explanation:

Answer:

- Demonstrates professionalism and initiative

- Expands upon the main idea in the résumé 

 - Goes in-depth about experiences and skills

 - Shows employer a glimpse of the applicant’s personality

 - Opportunity to show company and industry knowledge

 - Provides a sample of written communication skills

Explanation:

got it right on edg22

(1) . You have recently been hired as the executive director of a large nonprofit that has been having some problems. The available information points to weak leadership at all levels of the organization. What changes could you make to minimize the impact of leaders’ behaviors? Check all that apply.
A)Design jobs so they are routine, requiring little skill and few decisions.
B) Cut back on the training and development of nonmanagement employees.
C) Hire subordinates who are highly motivated by the organization’s mission.
DDevelop organization-wide policies that govern how employees should do their jobs.
(2). Transformational leadership is receiving a lot of attention. Which of the following is a reason for recent interest in this type of leadership?
A). The ability of a charismatic leader to raise an organization’s profile
B). A desire for more authoritarian managers
C). The ability of technology to replace leadership in many situations
D). The rapidly changing business environment

Answers

Answer:

The changes that could be made to minimize the impact of leaders' behaviors in a nonprofit organization are:

C) Hire subordinates who are highly motivated by the organization's mission: This would help in creating a positive and productive work environment where employees are passionate about the mission and vision of the organization.

D) Develop organization-wide policies that govern how employees should do their jobs: This would help in providing clear guidelines and expectations to employees, which can help in minimizing the negative impact of leaders' behaviors.

Option A is not recommended because designing jobs that require little skill and few decisions may lead to employees feeling unchallenged and unfulfilled in their roles, which could lead to reduced motivation and productivity. Option B is also not recommended because cutting back on the training and development of nonmanagement employees could lead to a lack of skills and knowledge among employees, which could negatively impact the organization's performance.

2). The recent interest in transformational leadership can be attributed to option D: The rapidly changing business environment. The business environment is constantly evolving, and organizations need leaders who can adapt and respond to changes quickly and effectively. Transformational leaders are known for their ability to inspire and motivate employees to embrace change and work towards achieving organizational goals, which makes them highly desirable in today's fast-paced and dynamic business environment.

Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)

Note: Round your answer to the nearest cent.

Answers

If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is :  $3071.

What is monthly payment?

Monthly payment can be defined as the amount a person received on a monthly basis.

First step is to convert the month to  year

Month to year = 24 / 12

Month to year = 2 years

Second step is to find the interest using this formula

I = P × R×T

Where:

I = Interest

P = Principal

R = rate

T = time

Hence

I = 63,000 × 2 × 8.5%

I = 10,710

So,

P+ I = 63,000 + 10,710

P+I = 73,710

Now let find the monthly payment:

Monthly payment = 73,710 / 24 months

Monthly payment = $3,071.25.

Monthly payment = $3,071 (Approximately)

Therefore the monthly payment is the amount of $3071

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What would you do if you found out that you wrote a cheque of $78 but it was recorded as $98 in check register?

Answers

dont do anything because ur getting money

Which of the following is a common role adjustment for a couple during the empty nest stage? *

Answers

Zhjakakakakaoao snaps
I can’t see the question, but I would say that they have to adjust from being a parent to taking care of their spouse etc?

well-written social media policies of a firm are consistent with its organizational culture and values.

Answers

A company's social media policies should reflect the corporate culture and values of the company. True.

What does "corporate culture" refer to?

The term "corporate culture," sometimes known as "company culture," refers to a system of values and conduct that governs how a firm's management and personnel interact and conduct business with third parties. The success of a business and its employees can be significantly impacted by corporate culture.

What makes a positive workplace culture?

Every employee in a firm with a strong culture knows its principles by heart. All of the company's internal and external communications clearly state and incorporate these values and mission. Diversity: It should raise concerns about an organization's culture if everyone in it belongs to the same demography.

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PLEASE HELP!

Things of value provided by employers in addition to wages are ______. *

Answers

Answer:

Employee Benefits

Explanation:

t 3 Lab Learning Activity
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Marcus Richardson
HW Score: 0%, 0 of 4 points
O Points: 0 of 1
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Question 1, P4-4 (similar to)
(Related to Checkpoint 4.1) (Liquidity analysis) Airspot Motors, Inc. has $2,505,600 in current assets and $864,000 in current liabilities. The company's managers want to
increase the firm's inventory, which will be financed using short-term debt. How much can the firm increase its inventory without its current ratio falling below 2.1

Answers

$6,28,363  the firm increase its inventory without its current ratio falling below 2.1    

Current ratio = Current asset / current liability

Increasing inventory would increase the current asset.

We assume the additional inventory = L

So new current asset  = L + $2,505,600

New current liability   = L + $864,000

So,  L + $2,505,600÷ L + $864,000 = 2.1

By solving L we get, L= $6,28,363

In other words, assets are items that provide a financial benefit to a company, such as inventory, buildings, equipment, and cash. They aid a company's ability to manufacture goods or provide services both now and in the future. A company's liabilities are its obligations—either money owed or services not yet performed.

Liabilities are the debts owed by a company to third-party creditors. Accounts payable may include notes payable and bank debt. Businesses take on debt in order to expand faster. A company's stability is determined by the balance of its debts and assets

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Besides knowing the amount of sales, what other
information is required to calculate a return on
sales (ROS)?

Answers

Answer:

selling price, variable cost, fix cost

Explanation:

Which of the following phrases is an example of structural que ?

Answers

Answer:

excuse me but where is the phrase?

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