A company started the year with no supplies. During this year they bought $230 worth of supplies on account and later paid $150 of this debt. If there were $20 supplies left at the end of this year, what was the supply expense for the period?
A) $210
B) $80
C) $20
D) $60
A) $210
Explanation: Amount purchased - amount on hand = expense; ex: $230 - $20
You might also like to view...
Which of the following presents persuasive recommendations?
A) Indirect reports B) Long reports C) Proposals D) Analytical reports E) Informational reports
What three factors are considered when one chooses a conflict-handling style?
What will be an ideal response?
What is the benefit of setting goals when formulating MPR plans?
A) generating expert content B) creating thought leaders C) pitching to connectors D) evaluating performance E) increasing brand mention
Answer the following statement(s) true (T) or false (F)
1. The motivation process is shaped by unsatisfied needs and the resulting tension. It includes tension, drives, and goal-oriented behaviors. 2. Needs motivation theories are generally divided into two categories: content theories and procedure theories. 3. Alderfer’s ERG theory proposed that instead of satisfying needs one step at a time, we can satisfy different levels in any order or even at the same time depending on the circumstances. 4. The need for affiliation within McClelland’s acquired needs theory is the desire to control and influence the behavior of others. 5. Of the six behaviors stated in the textbook that change perceived inequity, an attempt to get to change inputs or outcomes means that employees might try and convince others to reduce or give up other outcomes.