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
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

You might be interested in
Managing quality helps build successful strategies of A. ​differentiation, low cost and service. B. ​differentiation, time and r
Liono4ka [1.6K]

Managing quality helps build successful strategies of "​differentiation, low cost and response".

<u>Answer:</u> Option C

<u>Explanation:</u>

The expression of supervising all operations and activities necessary to maintain the rate of competence required, thus understood as "Quality management". It involves defining a performance policy, establishing and enforcing quality scheduling and expectation, as well as quality control and enhancing quality.

In order to attract market, launch of unique product is necessary with pocket friendly price and good quality too. When quality is managed more according to the market need than the owners capability of finance, then only growth of firm is possible, thus quality of product should not be compromised.

5 0
3 years ago
In a guaranty​ situation, the​ _____ contract is between the person who agrees to pay the debt if the primary debtor does not an
Natali5045456 [20]
<span>In a guaranty​ situation, the​ guaranty contract is between the person who agrees to pay the debt if the primary debtor does not and the original creditor.

The guaranty contract outlines the role of the </span>people in the agreement. It shows the lender to borrow agreement and obligation. This agreement serves as a document to make sure the lender has proof in value to get something in return from lending the money. 
8 0
3 years ago
For what reason do you think fitzgerald interrupted gatsby’s story for the visit from the horseback riders? why doesn’t gatsby u
WARRIOR [948]
Fitzgerald wanted his novel to be mysterious. He need not give out all the information because he wanted the readers to be suspenseful regarding the story. Gatsby doesn't understand how he isn't welcome because he's too naive for thinking he is important.
5 0
3 years ago
Where can a client identify the instant deposit options for their QuickBooks Payments account?
kolezko [41]

Answer:

in the settings

Explanation:

A QuickBooks payment service is a credit card processing option that is for the merchant accounts which includes the accounting software called QuickBook. It is managed by Intuit.

For instant deposit option in their QuickBooks payment account, a customer has to --

Select the Settings ⚙  button and then go to Account and settings. After that select the Payments tab and then go to the Deposit Speed section. From there select the Set a schedule for any instant deposits. Finally select the days for which you want instant deposits for.

6 0
3 years ago
On September 1, 2021, Southwest Airlines borrows $40.3 million, of which $8.6 million is due next year. Show how Southwest Airli
alexandr402 [8]

Answer and Explanation:

The presentation of the liabilities side of the balance sheet is presented below:

<u>                                                  Southwest Airlines </u>

<u>                                                    Liabilities side</u>

<u>                                                      Balance sheet</u>

Current liability

Current portion of the long term debt $8,600,000

Long term liability

Notes payable                                       $31,700,000   ($40,300,000 - $8,600,000)

Total liabilities                                      $40,300,000

4 0
3 years ago
Other questions:
  • Javonte Co. set standards of 2 hours of direct labor per unit of product and $15.80 per hour for the labor rate. During October,
    5·1 answer
  • Brunette Company is contemplating investing in a new piece of manufacturing machinery. The amount to be invested is $180,000. Th
    6·1 answer
  • The chinese government limited auto sales in large cities such as beijing and shanghai because their roads could not handle more
    11·1 answer
  • This problem with interest group membership develops when potential members fail to join because they can get the benefit sought
    7·1 answer
  • Eastview Company uses a perpetual LIFO inventory system, and has the following purchases and sales:
    9·1 answer
  • In fund A, $100,000 accumulates at an annual nominal rate of interest j compounded semiannually to $130,666.52 in 4 years. In fu
    15·1 answer
  • __________ states that adding more people to a late project makes the project later.
    8·1 answer
  • ALT Inc. conducts periodic reviews of the distribution of pay and the favorable outcomes granted to employees, such as promotion
    14·1 answer
  • Harold is a sales manager associated with TickTock Watches for the past thirty-five years; he was instrumental in the company's
    14·1 answer
  • Kenseth Corp. has the following beginning-of-the-year present values for its projected benefit obligation and market-related val
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!