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lakkis [162]
3 years ago
13

The T- account for Cash had 3 transactions entered into it. It was increased by $400 and decreased by $100 and by $30, respectiv

ely. Its balance at the end of the period would be a (debit/credit) balance of $
Business
1 answer:
AleksandrR [38]3 years ago
5 0

Answer:

Debit balance of $270

Explanation:

The cash account is an asset account hence a debit entry to it increases the account balance while a credit entry reduces it.

If the account balance was increased by $400 and reduced by $130 (i.e $100 + $30), the net balance in the account

= $400 - $130

= $270

This is a debit balance.

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For people who live near a bus route, a subway station, or a commuter rail line, public transportation provides a substitute to
Tom [10]

Answer: Positive.

Explanation:

Suppose there are two related goods, i.e, Good A and Good B.

Cross price elasticity of demand refers to the responsiveness of demand for Good A if there is a change in the price of its related good, i.e, Good B.

Now, we are talking about gasoline and public transportation, suppose if there is increase in the price of gasoline then it will be costlier for the people to drive their own cars, as a result demand for public transportation increases.

There is a positive relationship between the gasoline and public transportation.

Hence, cross-price elasticity of demand between gasoline and public transportation is Positive.

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3 years ago
Sunland Corporation has retained earnings of $708,900 on January 1, 2020. Net income during 2020 was $1,663,000, and cash divide
andriy [413]

Answer:

Beginning RE                    708,900

prior period adjustment  <u>    89,470  </u>

adjusted beginning RE     798,370‬

net income                       1,663,000

cash dividends            <u>        (77,800)      </u>

ending RE                         2,383,570‬

Explanation:

The amend of the mistake is done to adjust the beginning retained earnings as it didn't occur in the current accounting cycle.

We have to added as it was posted as an expense something it wasnt Thus, our expense were overstated making a lower net income

then, we proceed normally by adding the net income and decreasing the cash dividends paid to arrive to ending RE

5 0
3 years ago
How do we track stock market performance?
Lynna [10]
Go to the stock market holders, or look it up online

Hope this helps!
3 0
2 years ago
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Tatiana [17]

Answer: stress management and willingness to travel

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Based on the scenario described in the question, Option A and C are both wrong as she doesn't need mechanical knowledge. Mechanical knowledge has to do with one's ability to be able to understand and use tools. She also doesn't need customer service as she isn't attending to customers or anyone.

Since she had to quickly go to Atlanta to put the finishing touches on the project, what she needs is her ability to manage stress and also her willingness to travel.

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3 years ago
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What purpose do the three original documents that are required to receive a social security card and number serve?
avanturin [10]

You need to show multiple documents are used to verify your identity.

8 0
3 years ago
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