Answer:
Part 1
<u>Cash Account</u>
$
<u>Debit :</u>
Receive cash from customers 15,000
Sale of Equipment 8,000
Bank Loan 4,000
Totals 27,000
<u>Credit :</u>
Pay cash for employee salaries 9,000
Rent 3,000
Utilities 1,000
Advertising 7,000
Ending Balance 7,000
Totals 27,000
Part 2
Ending Balance is $7,000
Explanation:
Only Cash related purchases and receipts are posted to Cash Account. Thus ignore non-cash related transactions.
The Cash Account : Receipts are posted at the Debit side of this Account and Payments at the Credit Side.
The Balance : After determining the Totals of the Debit and Credit, the shortfall of any of that side represents the Balance.
<span>Answer choices are:
</span>a. The loan must have a cosigner
b. Used for vehicle purchases only
c. Fixed initial rate followed by periodic rate adjustments
d. A short duration of a loan, usually five years or less
Correct answer choice is:
c. Fixed initial rate followed by periodic rate adjustments
<span>hybrid ARM loan </span>is a loan that starts with a fixed interest rate for a specific period of time, that can be in few years, and later on, the terms are changed to a variable rate of interest for the remaining amount of time period.
Answer:
Liability of un-redeemed coupons Pending on December 31, 2018 is $60,000
Explanation:
Coupon already expired issued on Jan 01, 2018
Coupon issued on 07/01/2018 <u>$830,000</u>
Estimated redeemable coupon value - 50% $415,000
($830,000 * 50%)
Less : Disbursed <u>$355,000</u>
Liability pending on Dec. 31, 2018 <u>$60,000</u>
Answer: Utilitarian influence- B
Explanation: Utilitarian influence is the influence that is based on individual or group who will make decisions based on what would produce the greatest amount of happiness.
It shows how individuals would comply based on perceived expectations of others to achieve rewards .
We can infer that Cuidado, non profit organizations uses Utilitarian influence because it felt that people will only subscribe to caring for the elderly in Thier organisations if they perceive expectations that may be benefited
from complying to Thier program.
Answer:
The correct answer is: additional output of labor will eventually decrease as more workers are hired.
Explanation:
The law of diminishing return states that keeping other things constant if we go on increasing the quantity of one input, the marginal returns from that input will go on declining.
In other words, if we go on hiring an input the increase in output because of each additional input employed will go on declining.
For instance, keeping other things constant we go on hiring more and more workers the marginal product of workers or additional output created by each worker will go on declining.
