Answer:
$44,400
Explanation:
The computation of the balance of the cash account after posting of these transactions are shown below:
= Invested cash amount - cash paid for receptionist's salary + cash collection from sale of frame service
= $41,100 - $2,300 + $5,600
= $44,400
The other items do not involved any cash transactions. Therefore they are not relevant and thus they not considered in the computation part
To learn a specific skill for a particular career field
Answer:
The correct answer is option A.
Explanation:
The dynamic model of aggregate supply and aggregate demand shows that if an economy the total spending in the economy increases faster than total production, there will be a shortage. This shortage will cause the price level to increase and will ultimately lead to inflation.
When the increase in aggregate demand is greater than the increase in aggregate supply, it will create a shortage in the economy. The demand for goods and services will be more than the supply of goods and services. This will cause the price level to increase.
Answer:
$6,840,000
Explanation:
12/31/21 12/31/22
$2260000 $3200000
taxable income for 2022 = $5,900,000
Ivanhoe's pretax financial income = 2022 taxable income + (temporary differences 2022 - temporary differences 2021) = $5,900,000 + ($3,200,000 - $2,260,000) = $5,900,000 + $940,000 = $6,840,000
A taxable temporary difference will affect future taxable amounts when determining a profit or loss.
