Question Mode Multiple Choice Question On 8/1, supplies costing $500 were purchased on credit. Record this transaction in the accounting equation by: Multiple choice question. decreasing Cash, and increasing Supplies increasing Cash, and increasing Supplies increasing Supplies, and increasing Accounts Payable increasing Supplies, and decreasing Expenses

Advanced enterprises reports year-end information from 2018 as follows: sales (160,250 units) $968,000 cost of goods sold 641,000 gross margin 327,000 operating expenses 263,000 operating income $64,000 advanced is developing the 2019 budget. in 2019 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 9%. all other operating expenses are expected to remain constant. assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. should advanced increase the selling price in 2019?