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
Triss [41]
3 years ago
11

On june 1, 2014, england inc. reported a cash balance of $21,000. during june, england made deposits of $8,000 and made disburse

ments totaling $24,000. what is the cash balance at the end of june?
Business
1 answer:
mariarad [96]3 years ago
4 0
The deposit made by the June will be added to the original cash balance. That is, $21,000 + $8,000 which is equal to $29,000. Then, the disbursement will be subtracted from the value calculated above. 
                             final cash balance = $29,000 - $24,000
                                                           = $5,000
Therefore, the final cash balance of England Inc. is $5,000. 
You might be interested in
Kate's Diner offers one breakfast item, a breakfast special. The market price for this meal is $5. At her profit-maximizing leve
bazaltina [42]

Answer:

keep producing in the short run but exit the industry or go out of business in the long run

Explanation:

A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

A firm should shut down in the short run if price is less than average variable cost. But since the diner's price is greater than average variable cost, it should continue production.

A firm should exit the industry in the long run if price is less than average total cost. the diner's price is less than average total cost, so it should shut down in the long run

6 0
3 years ago
The following information is related to Dickinson Company for 2017.
MakcuM [25]

The answer & explanation for this question is given in the attachment below.

3 0
3 years ago
Suppose Troutsville (population of 4) wants to put on a firework display. Leslie would get $40 worth of benefit, Mark would get
nasty-shy [4]
I think that the answer is A but i have no clue i’m so sorry :(
3 0
3 years ago
A company purchased equipment and signed a 7-year installment loan at 9% annual interest. The annual payments equal $9,000. The
konstantin123 [22]

Answer:

<u>The present value of the loan is $45,297</u>

Explanation:

Instalment (A)= $9,000.00

PV factor (B)= 5.033

Present value of loan (A x B)

=$ 45,297

5 0
3 years ago
The hotel manager received an offer to hold the local bikers' club annual meeting at the hotel in march, which is the hotel's lo
OleMash [197]
<span>Given that this is the hotels low season, and this would be a definite increase in income that the hotel would not normally get, the hotel manager should accept. 45 suites at $100/ night for 3 nights is a nice $13,500. That would be a nice profit in their low season.</span>
6 0
4 years ago
Other questions:
  • The production department is proposing the purchase of an automatic insertion machine. It has identified 3 machines and has aske
    8·1 answer
  • Questions Answered Incorrectly
    15·2 answers
  • Describe at least two common types of variable expenses that you expect to have at some point in your life. (1-2 sentences. 1.0
    13·1 answer
  • Micropreneurs are exempt from the local ordinances that restrict home-based businesses from operating in residential areas.
    13·1 answer
  • The cost of meeting SEC and possibly additional state reporting requirements regarding disclosure of financial information, the
    13·2 answers
  • Discuss the corporate control of your business. Explain why your business in Mexico is exposed to agency problems
    10·1 answer
  • A u.s. manufacturer that exports goods made at its u.s. plants for shipment to foreign markets:
    6·1 answer
  • I LOVE YOU ALL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! HOPE U R DOING BEYOND AMAZING REMEMBER TO NEVER CHANGE WHO U R FOR ANYONE OR ANY
    5·2 answers
  • Many developed countries have deindustrialized and are transitioning to a postindustrial economy. A. Identify and describe the e
    8·1 answer
  • Which margin setting would you select to maximize the amount of space available for text on a page?.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!