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Deffense [45]
3 years ago
12

Marco Nelson opened a frame shop and completed these transactions: Marco started the shop by investing $40,200 cash and equipmen

t valued at $18,200 in exchange for common stock. Purchased $90 of office supplies on credit. Paid $1,400 cash for the receptionist's salary. Sold a custom frame service and collected $4,700 cash on the sale. Completed framing services and billed the client $220. What was the balance of the cash account after these transactions were posted?
Business
1 answer:
Natasha_Volkova [10]3 years ago
4 0

Answer:

$43,500

Explanation:

Calculation for the balance of the cash account after these transactions were posted

Using this formula

Cash account balance =Amount invested-Receptionist's salary+Cash on sale

Let plug in the formula

Cash account balance =$40,200-$1,400+$4,700

Cash account balance =$43,500

Therefore the balance of the cash account after these transactions were posted will be $43,500

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C) Equity investment
5 0
3 years ago
The print ads and the television ads for Maytag appliances were designed to show "The Loneliest Man in the World" was a Maytag r
Kay [80]

Answer:

Advertising campaign.

Explanation:

An advertising campaign is a group of advertisements, commercials, and related promotional materials and activities , which are designed as part of a coordinated advertising plan to meet the specific goals of a company.

The purpose of the Advertising Campaign Event is to prepare an advertising campaign of any length for a real product, service, company, or business for a prospective client/advertiser.

The critical part of making an advertising campaign is determining a champion theme as it sets the tone for the individual advertisements and other forms of marketing communications that will be used.

The campaign theme is the central message that will be communicated in the promotional activities. The campaign themes are usually developed with the intention of being used for a substantial period but many of them are short lived due to factors such as being ineffective or market conditions and/or competition in the marketplace and marketing mix.

4 0
3 years ago
Assume that laws have been passed that require the federal government to run a balanced budget. During a recession, the governme
Gnom [1K]

Answer:

Expansionary fiscal policy; lead to a budget deficit

Explanation:

A balanced budget is when the income of the government equals government's spending

A recession is when the GDP of a country for two consecutive quarters is negative. It is a period of slowdown in economic activities.

If there is a recession, the government would want to increase money supply by conducting an expansionary fiscal policy but would be prevented from doing so because of the balanced budget rule as an expansionary fiscal policy would lead to a budget deficit.

A budget deficit is when government spending exceeds income

3 0
3 years ago
According to economists, when two people make the exactly opposite decision:
disa [49]

Answer:

b. each person evaluates the situation according to his/her individual self-interest.

Explanation:

This can be generally seen in ancient and modern form of economics where in the course of their works, they can end up countering themselves in the midst of a project.

Here, or in a case of such, a great part of economics deals and accommodates psychology an the both economics that have probably found themselves in the field are expected to evaluate the situation according to each others self interest; especially when knowing the risks, pros and negative effect of the activities that is been carried out.

Secondly, this model is a useful measurement device by which economic situations can be evaluated and also levels of competition that exist in real markets can be checked.

6 0
3 years ago
Shen manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payday,
IRINA_888 [86]

Answer:

The correct answer is option b.

Explanation:

Shen is working in a country where the inflation rate is high.  

He gets a salary every two weeks.  

After receiving his salary he immediately goes out and buys all the goods he is going to need over the next two weeks.  

He converts the remaining salary in a more stable currency.  

He does this in order to prevent his salary from losing purchasing power.  

This effort that he is making to prevent his real income from losing value is called the shoe-leather cost of inflation.  

The shoe-leather cost can be defined as the cost of time and effort made to prevent the cash holdings from losing their value.

3 0
3 years ago
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