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dexar [7]
4 years ago
10

Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following transactions occurred: Wiley invest

ed $42,000 cash in the business. Wiley contributed $117,000 of equipment to the business. The company paid $3,700 cash to rent office space for the month of March. The company received $33,000 cash for repair services provided during March. The company paid $7,900 for salaries for the month of March. The company provided $4,700 of services to customers on account. The company paid cash of $2,200 for utilities for the month of March. The company received $4,800 cash in advance from a customer for repair services to be provided in April. Wiley withdrew $6,700 for his personal use from the company. Based on this information, the balance in Wiley Hill, Capital reported on the Statement of Owner's Equity at the end of March would be ____.

Business
1 answer:
pochemuha4 years ago
5 0

Answer:

Detailed solution is given below:

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A balance sheet balances assets with their sources of debt and equity financing. If a corporation has assets equal to $5,200,000
Diano4ka-milaya [45]

Answer:

Total debt = $3,900,000

Explanation:

Total Assets = $5,200,000

Debt Ratio    = 75%

Debt              = 75% x $5,200,000

                     =$3,900,000

Hence, the 25% account for equity finance $1,300,000

8 0
4 years ago
Nancy's union has negotiated a three-year wage contract that provides for a 2.4% increase indexed to inflation. The rates of inf
KATRIN_1 [288]

Answer:

C) COLA plus 2.4%

Explanation:

COLA stands for cost of living increase. It refers to the amount that Social Security benefits increase according to inflation rate. This way the Social Security payments should not lose purchasing power against rising inflation, because if inflation rises, the COLA will also increase.

In this case, Nancy's union negotiated an agreement by which the union members' salaries would be 2.4% higher than COLA increases, so they will be 2.4% higher than inflation rate.

3 0
3 years ago
4. Noah paid all of his bills and put a bit of money in savings for the month. He has a little bit of money left-over to spend o
Semenov [28]

Answer:

Disposable Income

Explanation:

dis·pos·a·ble in·come

/dəˈspōzəbəl ˈinˌkəm,dəˈspōzəbəl ˈiNGˌkəm/

Learn to pronounce

noun

income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes.

"the rents of tenants in work reached 21 percent of disposable income"

6 0
3 years ago
Mr. Henshaw, CEO of MBA Bank, decides that the organization needs to provide more convenient service to customers. He decides to
ANTONII [103]

Answer: unfreezing

Explanation:

The unfreezing stage of Lewis change process is being regarded as the first stage of change, and in this stage, an organization is being prepared and accept that change is inevitable and necessary and that existing status quo should also be broken.

This is illustrated in what Mr. Henshaw, CEO of MBA Bank did, by deciding that the organization needs to provide more convenient service to customers.

6 0
3 years ago
When a customer with a balance due in accounts receivable makes a payment, it is recorded in the receive payments window.
katrin [286]

The answer to your question is True

Hope I helped! Plz mark brainliest! Have an awesome day!

5 0
4 years ago
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