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wolverine [178]
3 years ago
15

Boyd Docker recorded the following transactions during the month of April. Apr. 3 Cash 3,400 Service Revenue 3,400 16 Rent Expen

se 460 Cash 460 20 Salaries and Wages Expense 340 Cash 340 Post these entries to the Cash account of the general ledger to determine the ending balance in cash. The beginning balance in cash on April 1 was $3,850. (Post entries in the order of journal entries presented in the
Business
1 answer:
Nutka1998 [239]3 years ago
6 0

Answer:

$6,450

Explanation:

The general ledger of a cash account is presented below:

                                            Cash Account

Date     Particulars           Amount        Date     Particulars           Amount

April 1    Beginning                                 April 16  Rent expense     $460

             Balance               $3,850

April 3  Service                                      April  20   Salaries and

            Revenue              $3,400                         Wages expense $340

                                                               April 30  Ending balance   $6,450

The ending  balance would be

= Beginning balance + service revenue - rent expense - salaries and wages expense

= $3,850 + $3,400 - $460 - $340

= $6,450

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Answer:

A. True

Explanation:

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3 years ago
Amazon stock prices gave a realized return of 6​%, negative 6​%, 9​%, and negative 9​% over four successive quarters. What is th
Anvisha [2.4K]

Answer:

-1.167%

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Annual realized return was  -1.167%.

8 0
2 years ago
Zhao Co. has fixed costs of $429,000. Its single product sells for $187 per unit, and variable costs are $122 per unit. If the c
otez555 [7]

Answer:

$635,000 and : 34%

Explanation:

Margins of safety is the difference between expected sales and the break-even point.

For Zhao, expected sales are 10,000 units

The break-even points in units = fixed cost/ contribution margin per unit

fixed costs = $429,000

Contribution margin per unit = selling price - variable costs per unit

=$187 -  $122

=$65

break-even point in units = $429,000/$65

break-even point = 6600 units

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as a percent of expected sales.

=3400/10000 x 100

=0.34 x 10,000

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4 0
2 years ago
Suppose the market wage is ​$400400 per day. How many workers should Sony hire to maximize​ profits? 55 workers. ​(Enter a numer
Strike441 [17]

Explanation:

the optimum number of the worker is hired at marginal revenue product equal to the wage

wage=$900,

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the firm should higher 2 workers

3 0
2 years ago
A progressive tax is such that
Nastasia [14]

Answer:

1. True. The tax rates are higher, the greater one's income

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2. False. The rate increases as the disposable income of the tax payer increases under progressive tax

3.False. Entrepreneurial income will be taxed after adjusting for allowobale and non-allowable income and expenses and relevant loss relief.

4. False. The revenue realised from progressive taxes are utilized by the government as stipulated in the budget.

7 0
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