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
Masteriza [31]
3 years ago
15

During February 2018 its first month of operations, the stockholders of Bonita Enterprises invested cash of $49500. Bonita had c

ash revenues of $10100 and paid expenses of $14700. Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28?
Business
1 answer:
hichkok12 [17]3 years ago
5 0

The balance in Cash at February 28 = $44900

<u>Explanation:</u>

Given:  

Cash invested by stockholders of Bonita Enterprises = $49500

Cash revenues of Bonita = $10100

Expenses paid by Bonita = $14700

Calculation of balance in cash as follows:

The balance in Cash at February 28 = Cash Invested + Cash Revenues - Paid Expense=$ 49,500 + $ 10100 - $ 14,700= $ 44900

Hence the correct answer is $44900

You might be interested in
Weighted Average Cost Flow Method Under Perpetual Inventory System
Fudgin [204]

Answer and Explanation:

The computation of the cost od merchandised sold for each sale and the inventory balance after each sale is presented in the attachment below;

The perpetual inventory is the system which updated the inventory as on a regular basis

While on the other hand,  the weighted average cost method is the method in which the average cost is calculated after each every purchase is made

In the calculation below:

1. The weighted average cost of $30.90 come from

= (Total inventory cost) ÷ (Total quantity)

= ($180,000 + $1,674,000) ÷ (60,000 units)

= $30.90

1. The weighted average cost of $31.60 come from

= (Total inventory cost) ÷ (Total quantity)

= ($463,500 + $674,100) ÷ (36,000 units)

= $31.60

6 0
4 years ago
Phyllis invested $10,000, a portion earning a simple interest rate of 8 1 2 % per year and the rest earning a rate of 8% per yea
Vinil7 [7]
0.08x+0.085 (10000-x)=842.50
Solve for x
X= 1500 invested at 8%

10000-1500=8,500 at 8.5%
3 0
3 years ago
Consider a portfolio consisting of only Duke Energy and Microsoft. The percentage of your investment (portfolio weight) that you
Leokris [45]

Answer:

(2) 4%

Explanation:

The portfolio is considered to be less risky if its volatility is low. The higher standard deviation the more risky is the project. For Duke Energy and Microsoft the investment portfolio required is risk free investment. To calculate the risk free rate we calculate using the formula;

Var Rp = x1 2Var R1 + x2 2Var R2 +2 x1 x2 Corr (R1, R2) SD1 SD2

Var Rp = 0.14 + 0.44 + 2 (1) * (-1) * 6% * 24%

Solving for this we get the risk free investment at 4%.

3 0
3 years ago
Which of these examples is not a good way to generate a unique response to a job advertisement?
zvonat [6]
<span>Include generalized statements the say, in effect, "take my word for it, I have what you are seeking."
People generally respond to advertisement that specifically address their personal needs/issue. Those type of sentences which ask others to trust you without solid reason will only make you seem too untrustworthy to be approached.

</span>
6 0
3 years ago
Which of the following activities is not a component of the operating cycle?A)Sale of merchandiseB)Payment of employees' salarie
Sloan [31]

Answer:

B)Payment of employees' salaries

Explanation:

Operating cycle: The operating cycle is that cycle in which the firm makes the collection of cash with respect to the sales and make the payment with respect to the purchase of the inventory

The cycle start from days of inventory outstanding, days of sales outstanding, and days of payable outstanding

In mathematically,  

Operating cycle = days of inventory outstanding + days of sales outstanding - days of payable outstanding

Thus, option B is correct.

8 0
3 years ago
Other questions:
  • the table you're working at keeps wobbling you decide to fix it by making a thick pad of paper from folded sheets of paper. each
    5·1 answer
  • Consider a hypothetical closed economy in which households spend $0.60 of each additional dollar they earn and save the remainin
    15·1 answer
  • Alden Trucking Company is replacing part of its fleet of trucks by purchasing them under a note agreement with Kenworthy on Janu
    10·1 answer
  • Mortgage preapproval means a lender has agreed to loan you a set amount of money as long as you meet certain conditions.
    8·1 answer
  • Classify each cost as being either variable or fixed with respect to the number of units produced and sold.
    5·1 answer
  • If Jane attends graduate school, it will take her two years, during which time she will earn no income. She will pay a total of
    9·1 answer
  • You have been newly employed in a very reputable organisation in one of the following industries: agriculture, banking, “oil and
    13·1 answer
  • Rom what you know of the company so far, what will be among the variousconstituencies that the CSIRT will serve?
    13·1 answer
  • ? Question
    6·1 answer
  • If an industry is characterized by low entry barriers, strong supplier and buyer positions, high threat of substitutes and inten
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!