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
Sever21 [200]
3 years ago
15

During the month of February, Rubio Services had cash receipts of $7,900 and cash disbursements of $9,400. The February 28 cash

balance was $2,600. What was the February 1 beginning cash balance?
Business
1 answer:
Nana76 [90]3 years ago
7 0

Answer:

The begining cash balance = $4100

Explanation:

Given:

Cash receipts = $7900, Cash disbursements = $ 9400, Ending cash balance = $2600.

<u>To find out the cash balance at the begining of the month, the following is to be used </u>

Begining Cash balance = Ending cash balance + cash disbursements - cash receipts

Putting the given figures in this we get,

Begining Cash balance = $2600 + $9400 - $7900

                                      = $4100

You might be interested in
In comparing the current ratios of two companies, why is it invalid to assume that the company with the higher current ratio is
klio [65]

Answer: I found the options:

A. The current ratio includes assets other than cash.

B. A high current ratio may indicate inadequate inventory on hand.

C. The two companies may define working capital in differentterms.

D. A high current ratio may indicate inefficient use of various assetsand liabilities.

Explanation: The correct answer is "D. A high current ratio may indicate inefficient use of various assets and liabilities."

Is invalid to assume that the company with the higher current ratio is te better company because a high current ratio may indicate inefficient use of various assets and liabilities, That is why it would be convenient to observe other ratios that can help us compare more fully the 2 companies.

4 0
3 years ago
Which professional’s advice is Peter seeking? Peter wants to buy office space for his new business. However, he is not sure if t
Igoryamba
Peter is consulting someone who sells commercial real estate. Peter wants to make sure he's in a good place business wise and that it is the best time before he makes the purchase for a new building. By consulting the agent, he can get a better understanding of when the right time to purchase will be. 
4 0
3 years ago
Read 2 more answers
Sohan started a business with a capital of rs. 80000. After 6 months mohan joined as a partner by investing rs. 65000. After one
Lady bird [3.3K]

Sohan invested Rs 80000 in the beginning of his firm. After six months, Mohan invested Rs. 65,000 to become a partner. Sohan put his money into investments for 12 months, while Mohan made investments for 6 months. They made a total profit of Rs. 20,000 after a year. The portion of Sohan in the profit that he made is 14222.

One way to assess a company's success is through its profit. Its simplest definition is the sum that remains after deducting all expenses from all revenues. The remaining funds, or your profits, can either be retained by the company and reinvested to fund future expansion, or they can be given as a draw or dividends to shareholders.

To learn more about share of profit here

https://brainly.in/question/47628097

#SPJ4

4 0
2 years ago
¿Cómo se puede eliminar un exceso de oferta en el sistema económico de mercado?¿De qué modo se puede actuar en el caso de que ha
liraira [26]

Answer:

Todas las células están rodeadas por una membrana celular, que es selectivamente permeable. Las moléculas pueden entrar o salir de las células por difusión y transporte activo. Las células pueden ganar o perder agua por ósmosis.

Explanation:

Yo creo que es esto

5 0
3 years ago
For each of the six basic tactics, select the set of action steps (a to f) that describe the tactic. tactics action steps - repo
polet [3.4K]

1 ABCDEF- Reposition a product 2 ABCDEF- Marketing a product 3 ABCDEF- Scheduling production 4 ABCDEF- Modifying plant and equipment 5 ABCDEF- Raising money and paying debt 6 ABCDEF- Inventing a new product

5 0
3 years ago
Read 2 more answers
Other questions:
  • A mutual aid working group typically includes the following
    14·1 answer
  • Suppose in its income statement for the year ended June 30, 2022, The Clorox Company reported the following condensed data (doll
    5·1 answer
  • Pickard company pays its sales staff a base salary of $5,200 a month plus a $2.80 commission for each product sold. if a salespe
    9·1 answer
  • PLS, I NEED THIS REALLY FAST!!!
    12·1 answer
  • In which step of the production process are
    9·1 answer
  • Which one of the following statements is false concerning the term structure of interest rates? A. Expectations of lower inflati
    11·1 answer
  • Tetradic Solutions has been making purchases from Ribbon, Inc., for the last three years. Every three months, it makes the same
    12·1 answer
  • According to the video, what qualities do Traffic Technicians need? Check all that apply.
    14·1 answer
  • Five key success factors for a successful business
    6·1 answer
  • What is the difference between an authoritarian and a democratic manager?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!