1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
salantis [7]
3 years ago
12

Sheldon has the following year-end account balances: Accounts Receivable, $5,000; Supplies, $12,000; Equipment, $18,000; Account

s Payable, $17,000; Stockholders’ Equity, $43,000. The Cash account balance was not available at year-end. Given the account balances listed, the balance in the Cash account should be A : $95,000. B : $43,000. C : $25,000. D : $61,000.
Business
1 answer:
Reptile [31]3 years ago
4 0

Answer:

the balance in the Cash account should be C : $25,000.

Explanation:

Assets=(Liabilities+Owner’s Equity)

Assets= Cash+account receivable+Suplies+Equipment

Cash                       25.000

Acoount Receivable    5.000

Supllies                      12.000

Equipment              18.000

Assets                     60.000

 

Account Payable        17.000

Liabilities              17.000

 

Stakholder equity       43.000

Equity                       43.000

Liabilities+ Equity       60.000

You might be interested in
In an economy where the money supply and aggregate demand have been decreased by the central bank, you know that the central ban
natima [27]

In an economy where the money supply and aggregate demand have been decreased by the central bank, you know that the central bank is using a contractionary monetary policy.

In an economy, changes in the money supply leads to changes in aggregate demand. An increase in the money supply increases aggregate demand and a decrease in the money supply decreases aggregate demand.

When a central bank takes action in order to decrease the money supply and increase the interest rate, it is following a contractionary monetary policy. Thus, the central bank requires Southern to hold 10% of deposits as reserves.

Hence, the decrease in the money supply reduces income and raises the interest rate.

To learn more about aggregate demand here:

brainly.com/question/24319248

#SPJ4

4 0
1 year ago
In a market there is a shortage of a good. What change would cause the market to come to an equilibrium?
Oksi-84 [34.3K]

Answer:

D) a rise in price

Explanation:

At the equilibrium point, the quantity demanded and the quantity supplied are the same. There is no excess shortage or supply in both demand and supply.

A shortage occurs when suppliers are not able to meet the market demand. Here, demand is the quantity that buyers are willing to buys at a specific price over time.  As per the law of demand, high product price causes demand to decrease while low price results in increased demand.

A shortage of a product means its demand is high. Many buyers are willing to buy the commodity at the current price.  As per the law of demand, a price increase will result in reduced demand and achieve equilibrium.

3 0
3 years ago
Merchandise inventory is classified on the balance sheet as a
daser333 [38]

Answer:

Merchandise inventory is classified on the balance sheet as a current asset.

Explanation:

Merchandise inventory refers to the price of products that are available for sale and they are classified as a current asset.

Current assets are the cash and the other assets that can be turn into cash within a year, like inventory as there is a good opportunity that the products are sold in that period which makes inventory to be included in the current assets on the balance sheet.

6 0
3 years ago
Which group of americans saw job opportunities expanded during wwii?
Afina-wow [57]
<span>Women were able to find more employment on the in America during WW2, as many jobs typically staffed by men were being vacated due to the increased need for manpower in the military.</span>
7 0
2 years ago
Only old people who needs to know about Social Security
svet-max [94.6K]

Answer:

No

Explanation:

5 0
3 years ago
Other questions:
  • The adjusted trial balance of Concord Company shows the following data pertaining to sales at the end of its fiscal year, Octobe
    13·1 answer
  • Home-based entrepreneurs should focus on _____.
    15·1 answer
  • The natural rate of unemployment is the: Question 10 options: a) full-employment unemployment rate. b) unemployment rate experie
    10·1 answer
  • Crowder Company acquired a tract of land containing an extractable natural resource. Coronado is required by its purchase contra
    5·1 answer
  • You have just reviewed the financial statements of Penelope's Candy Store (PCS). You have determined that PCS has a Profit Margi
    15·1 answer
  • A perfectly competitive small organic farm that produces 1,000 cauliflower heads in the short run has an ATC = $6 and AFC = $2.
    15·1 answer
  • The United States and the Soviet Union felt they were in an ideological war between freedom and democracy and _____ and communis
    15·1 answer
  • Match each type of savings account with its features. members own it interest rate rises and falls with the market minimal overh
    13·2 answers
  • Suppose that in a market for used cars, there are good used cars and bad used cars (lemons). Consumers are willing to pay as muc
    12·1 answer
  • TRUE OR FALSE: Take-home pay minus total living expenses equals money available for savings and investment
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!