Cal farms reported supplies expense of $2,000,000 this year. the supplies account decreased by $200,000 during the year to an ending balance of $400,000. what was the cost of supplies the cal farms purchased during the year?

$1,800,000

Explanation:

Cost of supplies = $2,000,000 + $400,000 - $600,000 = $$1,800,000

$1,800,000

Explanation:

The closing balance reported by Cal Farms in respect of supplier account is $400,000 which is decreased by $200,000 during the year, therefore it can be assumed that the opening balance of supplies account is $600,000.

The cost of supplies purchased by the Cal Farms can be determined using the below formula:

Cost of supplies purchased=Supplies expense during the year+ closing balance- opening balance.

Cost of supplies purchased=$2,000,000+$400,000-$600,000

                                             =$1,800,000

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answer about 4-5 percent of the labor force is unemployed;