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Paraphin [41]
3 years ago
15

Larry Bar opened a frame shop and completed these transactions:1. Larry started the shop by investing $40,800 cash and equipment

valued at $18,800.2. Purchased $150 of office supplies on credit.3. Paid $2,000 cash for the receptionist's salary.4. Sold a custom frame service and collected a $5,300 cash on the sale.5. Completed framing services and billed the client $280.What was the balance of the cash account after these transactions were posted?
Business
1 answer:
natita [175]3 years ago
6 0

Answer:

$44,100

Explanation:

Larry Bar

Investment in Cash - Receptionist's salary+Sales of custom frame = Cash account balance

Investment in Cash $40,800

Paid $2,000 Receptionist's salary $2,000

Sales of custom frame $5,300

Hence:

$40,800-$2,000+$5,300

=$44,100

Cash account balance will be $44,100

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Employers in the construction sector would benefit most from the validation of personnel selection information to aid in reducing employee theft.

<h3>What is validation?</h3>
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Therefore, validation of employee selection information would employers in the construction industry receive the greatest benefit in helping reduce employee theft.

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4 0
1 year ago
Scenario Creekside Robotics Corp. provides free lunch to its employees every day. The work environment is informal and friendly,
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<h3>What is a social needs?</h3>

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In a workplace, when the physiological and safety needs are well satisfied, then, the employees will be motivated to work effectively.

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8 0
2 years ago
Blushing Co. had Total Assets of $105,000, which included Cash of $30,000, Accounts Receivable of $15,000 Merchandise Inventory
madam [21]

The Acid-test ratio of Blushing Co,. is 1.25.

Acid-test ratio is also known as the quick ratio. It is the ratio of a firm's current assets to its current liabilities.  It is a type of liquidity ratio. Liquidity ratio measures the ability of a firm to meet its short term obligation. The higher the acid-test ratio, the higher the liquidity of the firm.

Acid test ratio = (current asset - inventory) / current liabilities

  • Current assets - inventory = $105,000 - $60,000 = $45,000
  • Current liabilities = $60,000
  • Acid-test ratio = $45,000 /  $60,000 = 0.75

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4 0
3 years ago
Samara interviewed for a management position and was just asked back for a second interviewer with the head of the department. I
melisa1 [442]

Answer:

SEQUENTIAL INTERVIEW

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4 0
3 years ago
Sweet manufacturing is planning to sell 400,000 hammers for $6 per unit. the contribution margin ratio is 20%. if sweet will bre
mestny [16]
At the break-even point, the total sales and the total cost is said to be equal. Therefore, there is no profit or loss. We set up the equation as follows:

Profit/Loss = (Unit Contribution Margin) (Units) - (Fixed Costs) = 0

Unit contribution margin is (0.20)(1.50) = 0.30

Substituting the known values gives;

0 = (0.30)(400,000) - FC

FC = (0.30)(400,000)

FC = $120,000

<span>Therefore, the total fixed costs would </span>$120,000.<span>
</span>
5 0
2 years ago
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