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ANTONII [103]
2 years ago
11

Wolf Pack Deli purchased $2,400 of supplies for cash. A month later Wolf Pack Deli purchased additional supplies on account for

$2,000. Wolf Pack Deli also paid $400 of the accounts payable. What is the balance in the Supplies account?
Business
1 answer:
Ivenika [448]2 years ago
8 0

Answer:

$4,400

Explanation:

Supplies is a kind of inventory held, to be used in the process of manufacturing.

As for the information provided,

The supplies purchased = $2,400 + $2,000 = $4,400

The information provided for the amount paid of 4400 to accounts payable, is not related as that is different liability which when paid will reduce the liability and cash, but will not impact supplies.

Therefore, balance of supplies = $4,400

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Using the world bank index how many us dollars would buy the same amount of rupees as 862800
Strike441 [17]

With the current exchange rate provided by the word bank, 1 US dollar would be the equivalent of 64.43 Indian Rupees or INR. By knowing this exchange rate, you can simply divide the given amount which is 862,800 Indian Rupees by 64.43 INR. After dividing the two amounts, you will probably have 13,391.28 as your answer. There are a lot of ways in the digital age to convert currencies right now. However, when you exchange your money in exchange centers,do not expect to have the same amount you just calculated since you will be paying for a few taxes and service fees.

5 0
2 years ago
Rockwood International needs to make risky decisions on a daily basis. Therefore, its managers are likely to
gizmo_the_mogwai [7]

Answer:

Centralize decision making

Explanation:

From the question we are informed about Rockwood International who needs to make risky decisions on a daily basis. Therefore, its managers are likely to Centralize decision making.

Centralization can be regarded as setup whereby decision-making powers are been concentrated or given to few leaders that are on top of the organizational structure. Decisions making are been carried out at the top then communicated to lower-level managers so that implementation can take place.

5 0
2 years ago
If the closing point/world bank index ratio is constant, what would the world bank index have been for yen yesterday?
alukav5142 [94]

To solve for the World Bank index for yen yesterday we should first look at Yen’s current standing. So today the World Bank Index of yen is 0.38 and the constant World Bank Index is 0.40 with -0.03 a day. So for today’s index we have 0.38/0.40=0.95. To compare it with yesterday’s x/0.43=0.95. Which will give us the answer that x=0.4085 or 0.41.

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3 0
2 years ago
Can a firm with positive net income run out of​ cash? Explain. ​(Select all the choices that​ apply.) A. A firm that has positiv
aliina [53]

Answer:

Correct statements are:

B, C and D

Explanation:

A firm with positive net income can anytime run out of cash as the accounting net income is computed on accrual basis, and it is not necessary that all the related cash is collected.

Also the firm might spend a huge amount on investing in small companies, capital properties etc: which will again lead to huge cash outflow.

Financing activities generally bring the cash in the company, whereas after the financing instruments are matured, they need to be paid off. In that case, in year of maturity the entire amount will be paid which will involve huge cash outflow, and the company might run out of cash.

Therefore, all the statements except Statement A are correct.

Correct Statement are:

B, C and D

4 0
2 years ago
Rojas Corporation’s comparative balance sheets are presented below.
krek1111 [17]

Answer:

Excerpt from Duty, Honor, Country / Every Man a King

General Douglas MacArthur / Huey P. Long

Duty, Honor, Country / Every Man a King

By: General Douglas MacArthur / Huey P. Long

 

Explanation:

6 0
2 years ago
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