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masha68 [24]
3 years ago
10

Larry Bar opened a frame shop and completed these transactions:

Business
1 answer:
cupoosta [38]3 years ago
4 0

Answer:

The balance of the cash account after these transactions were posted is $40,300

Explanation:

The computation of the cash account after transactions are shown below:

= Cash balance - paid cash for receptionist salary + cash received for sale

= $40,000 - $1,200 + $1,500

= $40,300

All other transactions are related to the credit sales. So, we do not consider them.

Hence, the transactions which are mentioned above are only relevant and therefore we consider these only.  

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When preparing a statement of cash flows using the indirect method, each of the following should be classified as an operating c
pogonyaev

Answer:

C. Proceeds from the disposal of a long-term asset with no gain or loss.

Explanation:

Operating activities: it involves those transactions that after net income written impact the working capital. It would subtract the rise in current assets and a reduction in current liabilities, while adding the decline in current assets and an increase in current liabilities.  

It would adjust the changes in working capital. In addition, the depreciation expense adds to the net revenue. And the loss on asset sales is added, while the gain on asset sales is deducted

8 0
4 years ago
List the reasons for the near collapse of government finances in france.
DochEvi [55]

Answer:

the future of our games are based on the

Explanation:

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4 0
3 years ago
If the marginal propensity to consume is two thirds, then an increase in personal income taxes of $100 will most likely result i
rosijanka [135]

When personal income taxes is increased, there would be a decrease in consumption of $67.

<h3>What is the MPC?</h3>

The marginal propensity to consume is the proportion of the disposable income that is spent. When personal income taxes are increased, there would be a decrease in the disposable income. The decrease in disposable income would reduce the income avalialbe for consumption.

Decrease in consumption = 2/3 x $100 = $67

To learn more about marginal propensity to consume, please check: brainly.com/question/19089833

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4 0
2 years ago
Francois pays a lot of attention to the environment outside his company, staying alert for long-run opportunities and problems a
Georgia [21]

Answer: Upper level manager

Explanation: The important decisions regarding the direction of operations of an organisation is made by the upper level management. These includes the CEO, CFO etc of the organisation.

In the given case, Francois has been continuously analyzing the market environment for potential opportunities and threats. Thus, Francois will be responsible for future operations decision making of the organisation.

Hence, we can conclude that Francois belongs to the upper level management of the organisation.

3 0
3 years ago
Why is price important to a company?
alukav5142 [94]

Answer:

B. It is a part of the marketing mix.

Explanation:

Price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.

Price is important to a company because it is a part of the marketing mix.

Generally, a marketing mix is made up of the four (4) Ps;

1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.

2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.

3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.

4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.

Price is generally considered to be a variable in the marketing mix that is most flexible because unlike other elements of production, it can be easily changed. An organization can decide to either raise or lower it's price depending on the nature of the market.

5 0
3 years ago
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