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ser-zykov [4K]
3 years ago
11

The Bloom Company issued stock for $51,500 cash on January 20, 2011. During 2011, the company recorded revenue on account of $18

,300 and expenses for which cash was paid of $10,120. Bloom received $10,350 cash from accounts receivable. The company also purchased land for $6,075 cash. Based on this information, the amount of change in cash for 2011 was _____
Business
1 answer:
Andru [333]3 years ago
7 0

Answer:

$45,655

Explanation:

The computation of the amount change in cash for 2011 is given below:

= Issued stock for cash - expenses incurred for cash + cash received from account receivable - purchase value of land for cash

= $51,500 - $10,120 + $10,350 - $6,075

= $45,655

Simply we recognized that transactions that involves only cash transactions

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OLga [1]

Answer:

$70,100

Explanation:

The computation of the equipment recorded on a balance sheet is shown below:

= Purchase of new equipment + transportation cost + sales tax paid + installation cost

= $58,500 + $2,700 + $4,700 + $4,200

= $70,100

We simply added the above four items so that the recorded value of an equipment could come

7 0
3 years ago
What is the primary task of the Federal Reserve​
Murrr4er [49]

Answer:

The responsibilities of the Federal Reserve include influencing the supply of money and credit; regulating and supervising financial institutions; serving as a banking and fiscal agent for the United States government; and supplying payments services to the public through depository institutions like banks.

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3 years ago
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Suppose that the price of a bottle of vitamins is $1.73 and that at that price the total quantity demanded by consumers is 75,00
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more firms will be opened than before cause there are more people in the world to buy them

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4 years ago
The following lots of a particular commodity were available for sale during the year: Beginning inventory 10 units at $60 First
Rus_ich [418]

Answer:

The answer is: the amount of inventory at the end of the year was $1,583 using the average cost method.

Explanation:

The average cost method calculates the cost of inventory by dividing the total costs of goods by the total units.

  • 10 units x $60 = $600
  • 25 units x $65 = $1,300
  • 30 units x $68 = $2,040
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The total cost of inventory is $5,065 ($600 + $1,300 + $2,040 + $1,125)

The total units in inventory are 80 (10 + 25 + 30 +15)

To find the average cost per unit = $5,065 / 80 units = $63.31

If 25 units were left at the end of the year, then the total cost of inventory is $63.31 x 25 = $1,582,81 or $1,583

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3 years ago
The student-run newspaper asks students to visit a web page and respond to questions regarding a proposed tuition increase. Only
disa [49]

Answer:

C) both anonymous and confidential

Explanation:

  • As the student-run, the new paper and ask other students to visit a link firm the new paper and respond to those questions and the responses for only those questions were recorded.  
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3 years ago
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