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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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Panda Inc. had total sales of $24,000 from bamboo bowls in 2017. The company sold 6,000 units of bamboo bowls and the total vari
xxMikexx [17]

Answer:

Contribution percent = 75%

Explanation:

Given:

Total sales = $24,000

Total Variable cost = $6,000

Total units = 6,000

Contribution percent = ?

Computation of Contribution :

Contribution = Total sales - Total Variable cost

Contribution = $24,000 - $6,000

Contribution = $18,000

Computation of Contribution percent :

Contribution percent = Contribution / Total sales

Contribution percent = 18,000 / 24,000

Contribution percent = 0.75

Contribution percent = 75%

8 0
3 years ago
An economic model is useful only if it: ______________
finlep [7]

Answer:

b. contains no positive statements.

5 0
3 years ago
Answer the question on the basis of the accompanying production possibilities tables for two countries, Latalia and Trombonia.
Scilla [17]

The production possibility table shows that in Latalia the domestic real cost of 1 ton of pork is C. 5 tons of beans.

<h3>What is production?</h3>

It should be noted that production simply means the creation of goods and services for consumers.

In this case, production possibility table shows that in Latalia the domestic real cost of 1 ton of pork is 5 tons of beans. This is because 5 tons of beans will be sacrificed to produce the pork.

Learn more about production on:

brainly.com/question/16755022

5 0
3 years ago
6. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transa
jekas [21]

Answer:

a.

  • The quality of goods available to consumers
  • The costs of air and water pollution
  • The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government

b. investment; decreases; no overall change

Explanation:

a. GDP only measures goods that have monetary value so when a good cannot be properly quantified in terms of cash, it is difficult to account for it in GDP. Also, even if the good has monetary value for the Government was unaware of it, they will be unable to use it in the calculation of GDP.

For these reasons, the quality of goods available to consumers, the costs of air and water pollution and the value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government will not be a part of GDP calculation.

b.<em> When a U.S. company purchases and imports wood from Brazil to use to build new houses within the United States, this purchase increases the </em><em><u>investment</u></em><em> component of GDP while also </em><em><u>decreasing</u></em><em> net exports by the same amount. Therefore, the purchase of wood from Brazil causes </em><em><u>no overall change </u></em><em>in US GDP. </em>

Purchasing raw materials for use in production is considered Investment by GDP. However, since it was imported it will reduce Net Exports which means that the transaction would cancel itself out in the GDP calculation as it would both increase investment and decrease Net exports by the same amounts.

8 0
3 years ago
What kind of funding creates part owners or shareholders
Ilia_Sergeevich [38]
You have to have permission from the owner and the banks to have part owner ship of anything and it can also be written out and signed from the owners them selfs.
5 0
3 years ago
Read 2 more answers
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