Briefly explain how the supplies on hand account is adjusted at the end of the period.
What will be an ideal response?
The supplies on hand account is an asset account because the supplies have future benefit. At the end of the period, a count is done to determine what supplies were used and what supplies still remain on hand. Then, an adjusting entry is created for the amount of the supplies used during the period as a supply expense.
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As compared to the field, experimentation in social media offers the advantages of ease of implementation and lower cost
Indicate whether the statement is true or false
Explain the physiological barrier, language barrier, and psychological barrier of communication. Include examples of each
What will be an ideal response?
What is customer order cycle time?
A. The frequency of inventory replacement. B. The agreed upon time between the purchase of a product and the delivery of the product. C. The time it takes to manufacture a product and deliver it to the retailer. D. An unfilled customer order for a product that is out of stock.
If a check has been marked "payment refused?not sufficient funds," a person in possession of it
can qualify as a holder in due course. Indicate whether the statement is true or false