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Rasek [7]
3 years ago
12

Class membership in the United States is determined to a much greater degree by individual background and schooling, as opposed

to economic achievements.True/false
Business
1 answer:
Marizza181 [45]3 years ago
4 0

Answer: False

Reason:

The class system in the United States is not largely dependent in determining the class membership by using the individual background. Just like in Europe, Asia and other countries, USA has defined its upper, middle class and lower classes and has separate assessment way just like other countries. The USA class membership is determined on the grounds of individual wealth and is not concerned with level of education.

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a.$37,560

Explanation:

Cash balance $40,000 at month end =  Cash balance $52,000 at beginning + cash receipts in June of $532,160 - cash disbursements of $581,720 +  New borrowing

⇔ $40,000 = $2,440 + new borrowing

⇔ New borrowing =  $40,000 - $2,440 = $37,560

If Skot wishes to maintain a cash balance of $40,000, Skot have to borrow $37,560 if it started the month with a cash balance of $52,000

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The necessary journal entry is 4000$.

The journal entry is a document of a commercial enterprise transaction for your commercial enterprise books. In double-access bookkeeping, you make a minimum magazine entry for every transaction. because a transaction can create plenty of modifications in an enterprise, a bookkeeper tracks them all with magazine entries.

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