The Table Below Represents Able Company's Supplies Account A) $9,000
B) $10,000
C) $6,000
D) $16,000

question 141

Multiple Choice

The table below represents Able Company's supplies account.Please supply the missing amount. $\begin{array}{|l|r|}\hline\text { Supplies, beginning balance } & 1,000 \\\hline\text { Supplies purchased during year } & 12,000 \\\hline \text { Supplies expense during the year } & ? \\\hline \text { Supplies, ending balance } & 3,000 \\\hline\end{array}$

• A) $9,000
• B) $10,000
• C) $6,000
• D) $16,000

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Definitions:

Minimum Required Rate

This is the lowest rate of return or interest rate that investors are willing to accept for investment in a project, often influenced by risk and market conditions.

Net Operating Income

The profit realized from a business's operational activities, after deducting operating expenses but before interest and taxes.

Sales

The total amount of money received by a company for goods or services sold during a certain period of time.

Average Operating Assets

The average value of the assets used in a business's operational activities over a period.