Functionalists explain the unequal wages as justified by the need to attract the most skilled and talented to the job of CEO.
What are Functionalists?The philosophy of functionalism holds that what makes anything a thought, desire, pain (or any other sort of mental experience) is determined entirely by its function, or the role it plays, in the cognitive system of which it is a member.Each facet of society, according to the functionalist approach of sociology, is interrelated and contributes to the stability and functioning of society as a whole.According to functionalists, differential pay is justified by the need to attract the most experienced and talented CEOs.For example, the government provides education for the family's children, who in turn pay taxes on which the state depends to function.As the definition states that functionalists, differential pay is justified by the need to attract the most experienced and talented CEOs.
Therefore, functionalists explain the unequal wages as justified by the need to attract the most skilled and talented to the job of CEO.
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Rachel's Recordings reported net income of $250,000. Beginning balances in Accounts Receivable and Accounts Payable were $19,000 and $21,000 respectively. Ending balances in these accounts were $10,500 and $28,000, respectively. Assuming that all relevant information has been presented, Rachel's net cash flows from operating activities would be:
The cash flow from operating activities is $2,65,500
Given :
Net income = $250,000
Increase in Accounts Payable = ( Ending balance - Beginning Balance) = $28000 - $21,000 = $7000
Decrease in Accounts Receivable = ( Ending balance - Beginning Balance) = $10,500 - $19,000 = $8500
Cash flow from operating activities = Net income + Increase in Accounts Payable + Decrease in Accounts Receivable = $2,65,500.
What Is Cash Flow?
The term cash flow refers to the net amount of cash and cash equivalents being transferred in and out of a company. Cash received represents inflows, while money spent represents outflows. A company’s ability to create value for shareholders is fundamentally determined by its ability to generate positive cash flows or, more specifically, to maximize long-term free cash flow (FCF).
FCF is the cash generated by a company from its normal business operations after subtracting any money spent on capital expenditures.
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Managers make attributions about employees based on consistency and distinctiveness as well as the extent to which an employee's performance is the same or different from other employees, otherwise known as:
Managers make attributions about employees based on consistency and distinctiveness as well as the extent to which an employee's performance is the same or different from other employees, otherwise known as Consensus.
The definition of consensus is the agreement reached by the group. An example of consensus is when Republicans and Democrats agree on the wording of the bill. A general agreement between members of a particular group or community. Each exercises some discretion in decision-making and follow-up.
Consensus (about) She is good at reaching consensus on delicate issues. There is growing consensus on this subject. Currently, there is a broad political consensus in support of economic reform.
Consensus conferences allow groups of people to come together, participate in discussions, and ultimately lead to sharing decisions. Consensus decisions require individual participation and promote open communication. It is intended to benefit everyone involved and will not ignore anyone's opinions or ideas.
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Which of the following is true of normal costing? a.Actual direct labor cost is traced to products, but estimated direct materials and estimated overhead costs are assigned using predetermined rates. b.Actual direct materials cost is traced to products, but estimated direct labor and estimated overhead costs are assigned using predetermined rates. c.Actual direct materials and direct labor costs are traced to products, but estimated overhead costs are assigned using predetermined rates. d.Actual direct materials, actual direct labor, and actual overhead cost are assigned to products.
C) Actual direct materials and direct labor costs are traced to products, but estimated overhead costs are assigned using predetermined rates.
What Are the Normal Costs?The cost of a product is determined using standard costing. This method includes a standard overhead rate and actual direct costs applied to a product. It includes the actual cost of labor, materials, and a standard overhead rate that is calculated based on the product's actual consumption of the allocation base in question (such as direct labor hours or machine time).
You can prorate the difference between the cost of goods sold and inventory if there is a discrepancy between the standard overhead cost and the actual overhead cost, or you can charge the difference to the cost of goods sold (for lesser discrepancies).
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A movement along a fixed supply curve caused by a rightward shift in the demand curve is best described as a(n):
A movement along a fixed supply curve caused by a rightward shift in the demand curve is best described as increase in quantity demanded .
Demand curveDemand curve , in economics, a graphic representation of the relationship between product price and the quantity of the product demanded. It is drawn with price on the vertical axis of the graph and quantity demanded on the horizontal axis.
The demand curve will move downward from the left to the right, which expresses the law of demand—as the price of a given commodity increases, the quantity demanded decreases, all else being equal.
The income effect in microeconomics is the change in demand for a good or service caused by a change in a consumer's purchasing power resulting from a change in real income. This change can be the result of a rise in wages etc., or because existing income is freed up by a decrease or increase in the price of a good that money is being spent on.
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Rosarita is responsible for developing a plan for the optimal use of advertising, personal selling, sales promotion and public relations. Rosarita is developing a:
Rosarita is developing a promotional strategy by being responsible for developing a plan for the optimal use of advertising, personal selling, sales promotion and public relations.
What is promotional strategy?promotional strategy is a strategy used in advertising a product to the potential buyers.
In this case, Rosarita is developing a promotional strategy by being responsible for developing a plan for the optimal use of advertising, products.
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Rosarita is responsible for developing a plan for the optimal use of advertising, personal selling,sales promotion, and public relations. Rosarita is developing a:
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In order to work in a cosmetics manufacturing facility, employees must wear steel-toed shoes, hair nets, face coverings, eye protection, and coveralls. All of this personal protective equipment limits exposure to dusts and chemicals and protects bodies in case of accidents. Which piece of legislation was first to protect workers from hazardous conditions
Act of Occupational Safety and health
it is the act that limit exposure to dusts and chemicals and protects bodies in case of accidents.
What is the Act of Occupational Safety and health ?The Occupational Safety and Health Act of 1970 is a US labor law governing the federal law of occupational health and safety in the private sector and federal government in the United States.
An Act to consolidate and amend the laws regulating the occupational safety, health and working conditions of the persons employed in an establishment and for matters connected therewith or incidental theretoThe Code seeks to regulate health and safety conditions of workers in establishments with 10 or more workers, and in all mines and docks.Learn more about Act of Occupational Safety and health here:
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The Fisher formula is expressed as _____ where R is the nominal rate, r is the real rate, and h is the inflation rate.
Hello !
Answer :
The Fisher formula is expressed as 1+R = (1 + r) x (1+ h) where R is the nominal rate, r is the real rate, and h is the inflation rate.
There is/are ______ supply curve(s) possible when a downward sloping demand line exists because there is _______ price(s) where a monopoly firm will supply a given quantity.
There is/are no supply curve(s) possible when a downward sloping demand line exists because there is no price(s) where a monopoly firm will supply a given quantity.
The supply curve in economics is a graph of the relationship between the price of a product and the quantity of product that the seller is willing to supply. Product prices are measured on the vertical axis of the chart, and product quantities are shipped on the horizontal axis.
In most cases, the supply curve is a gradient that increases from left to right because the price of the product is directly related to the supply (that is, the supply increases as the price of the product rises in the market). It is drawn as. This relationship is affected by certain Ketteris Palibus conditions (other conditions are equal) that remain constant.
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An employee's conduct during the normal workday, but not related to employment and performed for the employee's own benefit is a(n)
An employee's conduct during the normal workday, but not related to employment and performed for the employee's own benefit is "frolic".
What is employee's conduct?A legal document known as an employee code of conduct outlines the proper conduct for people working for a company. The employee code of conduct outlines appropriate conduct and social expectations that members of an organisation should uphold on a daily basis.
The five code of conduct are-
Integrity.Objectivity.proficiency in the field.Confidentiality.professional conduct.The steps of developing a code of conduct-
Information gathering.Making the Draft.Reviewing the draft.Officially approving the Code.Presenting the Code.Applying the Code.To know more about the code of conduct/ethics, here
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The greatest marketing need firms sought during the production era was for: Group of answer choices Mass production and personal selling. Less expensive distribution and storage. Blanket advertising and financing. Specialized production and storage.
The greatest marketing need firms sought during the production era was for: Less expensive distribution and storage.
What is the production era?
The production era is the era in which the marketing have started evolving. It is the oldest era, in this era consumers were favoring those products which are widely available and that too at minimum cost.
What are the four eras of marketing ?The four eras of evolution of marketing are:
productionsellingadvertisingstakeholder relationships.Thus , The correct option is : The greatest marketing need firms sought during the production era was for Less expensive distribution and storage.
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Customers currently link to Cisco's website to configure, price, and order its networking equipment. Cisco then sends orders back out across the Internet to producers and assemblers including Celestica, Flextronics, Jabil, and Solectron. Products are built and tested to Cisco standards, sometimes with procedures run remotely by Cisco. Most are then drop-shipped to buyers, untouched by human hands on Cisco's payroll. The individuals who monitor these transactions and make sure each is performed in a cost-effective and timely fashion are engaged in: Group of answer choices just-in-time management. point-to-point management. materials handling. total distribution cost management. supply chain management.
The correct alternative is supply chain management. Individuals monitor these transactions so that each is executed in a cost-effective and timely manner.
What is the relevance of supply chain management?Through the control and monitoring of each stage of a company's value chain, it is possible to achieve cost reduction and total quality, increasing the value of a company's products and services and its positioning.
Therefore, supply chain management helps a company to remain competitive and successful in the market.
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Harrod Company paid $5,300 for a 4-month insurance premium in advance on November 1, with coverage beginning on that date. The balance in the prepaid insurance account before adjustment at the end of the year is $5,300, and no adjustments had been made previously. The adjusting entry required on December 31 is:
Debit Insurance Expense $2,650;
Credit Prepaid Insurance $1325
Explanation:
When the asset is charged to expense, the journal entry is to debit the insurance expense account and credit the prepaid insurance account.
Total Prepaid Insurance= $5,300 Monthly Insurance=Total Prepaid
Insurance / 4 = $1,325
Insurance expenses for 2 month (November and December)= $1,325 * 2 = $2650
There is no cash transaction in this adjusting entry
When insurance expenses increase= Debit
When decrease in prepaid expenses=
Credit
Debit Insurance Expense $2,650;
Credit Prepaid Insurance $1325
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A key element of customer relationship management is to: Group of answer choices keep the price of goods as low as possible. develop a strategy to achieve the largest possible market share. allow customers to participate in the management decisions of the firm. learn as much as possible about customers.\
A key element of customer relationship management is to: develop a strategy to achieve the largest possible market share.
A company or other organization manages its relationships with consumers using a process called customer relationship management, which often involves studying a lot of data through data analysis.CRM systems come in three basic categories: operational, analytical, and collaborative. Here's how to pick the best one to give your clients better conversational customer experiences.Customer retention, loyalty, profitability, and satisfaction are the four pillars of customer relationship management.A tool known as customer relationship management (CRM) is used to handle all interactions and relationships between your business and its clients. Simple is the aim: strengthen commercial ties. CRM systems assist businesses in maintaining contact with clients, streamlining procedures, and boosting profitability.Thus this is the answer.
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Bond P is a premium bond with a 9 percent coupon. It makes annual payments, has a YTM of 7 percent, and have 10 years to maturity. What is the current yield and the capital gains yield
The answer is current yield = 0.0789 and capital gains yield = - 0.0089.
Given,
Bond P is a premium bond with a 9 percent coupon rate.
It makes annual payments and has a YTM of 7 percent.
The bond has 10 years to maturity.
The annual income (interest or dividends) from an investment is divided by the security's current market value to determine its current yield.
Instead of focusing on a bond's face value, this measure looks at its current price.
A capital gains yield is the increase in an investment's value, such as a stock or bond, and is determined by dividing the increase in value by the value of the security at purchase.
Hence, current yield = 0.0789 and capital gains yield = - 0.0089.
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The new team leader is a seasoned executive recognized for her strengths in leadership and team structuring. She also has the political influence to fight any battles external to the team and garner additional resources. She asks you to recommend up to two additional team members based on roles still needed within the team. You review the roles and individual strengths of existing team members and recommend additions that will best fill in the missing team roles. Which new team members do you recommend
We recommend a product development analyst and a finance director.
Who is a leader?A leader is someone who inspires followers' passion and motivation. A leader is someone who has a vision and a plan for achieving it. A leader is someone who ensures their team has the resources and tools they need to succeed.New members that I recommend:We suggest a senior new product development analyst who excels not only in his profession but also in doing extensive information searches.We also recommend a finance director who is an excellent coordinator and integrator of team tasks as well as an expert in financial modeling.This was the best decision. The candidates have the necessary experience in finance and product development. This increases their value to the team.Therefore, we recommend a product development analyst and a finance director.
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Correct question:
The new team leader is a seasoned executive recognized for her strengths in leadership and team structuring. She also has the political influence to fight any battles external to the team and garner additional resources. She asks you to recommend up to two additional team members based on roles still needed within the team. You review the roles and individual strengths of existing team members and recommend additions that will best fill in the missing team roles. Which new team members do you recommend?
You need someone to fill the administrative role, so you can recommend a senior executive administrator. You also need accounting guidance so you recommend an assistant controller.You suggest a senior new product development analyst who excels not only in his profession but also in doing extensive information searches. You also recommend a finance director who is an excellent coordinator and integrator of team tasks as well as an expert in financial modeling.You recommend a very strong market analyst with excellent creative abilities. You also recommend a sales director known for providing strong direction and follow-through.The company expects an annual need for 5,000 switches. If the company makes the product, it will have to utilize factory space currently being leased to another company for $3,700 a month. If the company decides to make the parts, total costs will be:
Based on the cost to produce each unit of the switches and the annual demand, the total costs will be $25,900 more than the cost of purchasing the switches.
What is the cost of producing the switches?This can be found as:
= Variable cost + set up costs + supervisor's salary + opportunity cost of lost rent
= ( (6 + 5 + 4) x 5,000 units) + 45,500 + 41,000 + (3,700 x 12 months)
= $205,900
If they bought the switches at $36, they would cost:
= 36 x 5,000
= $180,000
Its cheaper to buy by:
= 205,900 - 180,000
= $25,900
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Waterway Company purchased merchandise inventory with an invoice price of $10400 and credit terms of 5/10, n/30. What is the net cost of the goods if Waterway Company pays within the discount period
The net cost of the goods will be $9880 as the company pays it back within the discount period.
Procedure:
5/100×10400
1/20×10400
10400/20 = 520
10400-520 = 9880
What are credit terms?
Credit terms are the installment terms referenced on the invoice at the hour of purchasing products. It is an arrangement between the purchaser and dealer about the timings and installment to be made for the products purchased on credit. It is otherwise called payment terms, these include information like discount price, due date etc.
Discount Period :
A discount period is how much time a money discount is accessible for a client to make a diminished money installment while or after taking credit. In other words, this is the time span that a merchant will diminish the cost of an item on the off chance that the client will pay for it in real money.
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Can someone Plss help
The variables that can shift the supply curve are the number of sellers, production costs, and income.
What is the supply curve?Corresponds to a graphical representation of the quantity of a product or service that is sold in relation to the increase in prices. That is, when prices rise, the supply curve will slope upward, and changes in the quantity supplied at a given price shift the curve to the right.
Therefore, supply is an economic concept to designate a market situation where there is a quantity of products and services available that consumers want to buy.
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Airlines have forged a number of complementary strategic alliances, in part because many airlines are not profitable. Some airlines participate in several alliances simultaneously. This tends to:
Airlines have forged a number of complementary strategic alliances, in part because many airlines are not profitable. Some airlines participate in several alliances simultaneously. This tends to make the partners' true loyalties and intentions unclear.
The 3 multidivisional systems which might be used to put into effect a diversification method are the aggressive shape, the strategic business unit form, and the incorporated form.
The shape helps the method. If an business enterprise changes its approach, it must change its shape to guide the brand new method. when it would not, the structure acts like a bungee twine and pulls the agency returned to its old strategy. The strategy follows the shape.
Corporation structure influences method implementation because it allows communique and facts go with the flow; controls allocation of the resources; assigns obligations and obligations; serves to outline jobs and paintings corporations such as mission teams, departments, exceptional circles and have an effect on generation and way of life.
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Sarah manages an investment fund dedicated to socially responsible investing. She is also an environmental activist. As a result of her participation in nonviolent protests, Sarah has been arrested on numerous occasions for trespassing on the property of a large petrochemical plant that is accused of damaging the environment. Sarah's conduct Group of answer choices
____________________________ occur when the marginal gain in output diminishes as each additional unit of input is added.
Diminishing marginal returns occur when the marginal gain in output diminishes as each additional unit of input is added. This is further explained below.
What is Diminishing marginal returns?Generally, The law of declining marginal returns is a hypothesis in economics that predicts that when some ideal level of capacity is achieved, adding an extra component of production will actually result in smaller improvements in output.
In conclusion, The economic theory known as the "law of declining marginal returns" states that after production capacity has been maximized, adding more production factors will have diminishing returns.
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Why is it important in supply chain management for suppliers to have visibility into a company’s forecast and sales data?.
It is important for suppliers to have visibility into a company’s forecast and sales data because it allows them to adjust their supply of products depending on the market demand.
What is a supply chain management?This refers to the handling of the entire production flow of a good or from the raw components to the delivering the final product to the consumer.
However, in the supply chain management, the suppliers must have visibility into a company’s forecast and sales data because it allows them to adjust their supply of products depending on the market demand.
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Lawrence Wright is slow in math. He has before him the equation of (ending value minus beginning value) and income return totalled, then divided by beginning value. This is used to find the Question 22 options: serialized rate of return. capital loss capital gain. rate of return. rate of inflation.
The equation of (ending value minus beginning value) and income return totalled, then divided by beginning value is used to find "rate of return".
What is income returns?The portion of a fund's total returns that came through income distributions is known as the income return. For bond funds, income return will frequently be larger than capital return, while for stock funds, it will typically be lower. The fund's total return is calculated by adding the income return and the capital return together.
Rate of Return- The net gain or loss of an investment over a given time period, stated as a percentage of the investment's starting cost, is known as a rate of return (RoR).
Some key features of rate of return are-
ROI is computed by first dividing the net return by the investment's cost, then multiplying the result by 100. This new number, which represents the net return, is then obtained by subtracting the investment's original value from its final value.According to conventional thinking, a fair return on an investment in stocks is one that is at least 7 percent annually. Additionally, this relates to the S&P 500's average annual return when inflation is taken into account.To know more about internal rate of return, here
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In order to reduce the harmful affects of recession and carbon emissions, the government provided tax incentives for manufacturing firm's to ___________________ that provide alternative, more efficient methods of combining inputs to produce output.
In order to reduce the harmful affects of recession and carbon emissions, the goverment provided tax incentives for manufacturing firm's to acquire energy efficient production technologies and provide an alternative, more efficient methods of combining inputs to produce output.
Carbon Tax BasicsA carbon tax requires emitters to pay a certain amount for each tonne of greenhouse gas emissions they produce. Businesses and households will take actions to minimize their emissions in order to avoid paying the fee, such as switching fuel sources or implementing new technology.A carbon tax varies from a cap-and-trade system in that it offers more clarity regarding costs but not on the amount of emission reduction to be accomplished.There are two main types of taxes on greenhouse gases: emissions taxes, which are based on how much an entity generates; and taxes on goods or services, such as a carbon tax on fuel, which are often greenhouse gas-intensive.To learn more about Carbon tax basics refer to:
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Although the terms marketing channels and supply chains are synonymous in many ways, one key difference remains. The primary difference is that:
Marketing channels fail to capture the roles played by source firms.
Marketing Channels-
It contains many people, organizations, & activities for transferring the goods ownership from point of production to consumption.It is known as Distribution Channel.Different types of Marketing Channels:Network MarketingSEO MarketingEmail MarketingValue added resaleDigital advertisementsIndirect MarketingSupply Chains
It is the network of all people, organizations, resources & technology which are involved in production and selling of a commodity.Producers, distributors, retailers, & customers or consumers are the typical type of supply chainlearn more about this here-
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People in favor of leaving health care to the private sector have suggested that those with preexisting conditions get loans to cover their costs, instead of insurance. But this is ridiculous! Are you telling me that we're going to take a young man, suffering from chronic diabetes or muscular dystrophy, struggling every day with his disease, and make him spend his life as in indentured servant to a bank?
Answer:
Explanation:
i agree
Jada left a job that paid $40,000 per year. At the end of her first year in business, her revenues summed to $90,000, and her explicit costs were $50,000. Also, in order to fund her business startup, Jada cashed in a $20,000 certificate of deposit that was providing an annual yield of 5%. Ceteris paribus, Jada's economic profit is
If Jada left a job that paid $40,000 per year. Jada's economic profit is -$1,000.
Economic profitUsing this formula
Economic profit=Total revenue -(Explicit costs + implicit costs)
Let plug in the formula
Economic profit=$90,000-[$50,000+$40,000+($20,000×5%)]
Economic profit=$90,000-($50,000+$40,000+$1,000)
Economic profit=$90,000-$91,000
Economic profit=-$1,000
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Jacqueline is in the market for a new laptop. She has spent quite a bit of time gathering information and thinking about the purchase. She has asked her friends for opinions about the models they own and is happy that there are a lot of models to choose from. Jacqueline is most likely what type of adopter
Based on the fact that Jacqueline had to spend time to research before she made her decision, she is most likely an early majority.
Who are the early majority?These are people who buy a good around the same time as most people but not too log after a product has been released.
They tend to embark on a lot of research before they make a decision which is what Jacqueline is doing.
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An example of a period cost is: Multiple Choice rent on a headquarters building. direct materials. salary of a factory supervisor. fire insurance on a factory building.
Rent on headquarters building is the period cost.
Period costs are costs which are associated for full period and can not be booked as prepaid costs. From the above given costs rent on headquarters building is period cost.
Period expenses are costs that are not connected to or related to the generation of inventories in management and cost accounting. Selling, general, and administrative (SG&A) expenditures, marketing expenses, CEO salaries, and rent expense for a corporate office are all examples. Since the expenditures are unrelated to inventory production, they are expensed in the period in which they are incurred. In short, all costs that are not involved in the production of a product are the period costs.
Therefore, the answer is rent on headquarters building.
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A company's Office Supplies account shows a beginning balance of $780 and an ending balance of $760. If office supplies expense for the year is $4,000, what amount of office supplies was purchased during the period
The answer is $3880.
Given, that the Office Supplies account beginning balance = $780
the Office Supplies account ending balance = $760
office supplies expense for the year = $4,000
office supplies purchased during the period will be calculated as :
Particulars Amount (in $)
office supplies expense for the year 4000
Add: Office Supplies account ending balance 760
Less: Office Supplies account beginning balance (780)
office supplies purchased during the period 3880
Hence, the amount of office supplies purchased during the period for the given case is $3880.
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