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Cerrena [4.2K]
3 years ago
8

The following transactions occurred during July: 1. Received $1,350 cash for services performed during July. 2. Received $6,950

cash from the issuance of common stock to owners. 3. Received $675 from a customer as payment for services performed during June. 4. Billed $4,400 to customers for services performed on account in July. 5. Borrowed $3,000 from the bank and signed a promissory note. 6. Received $1,825 from a customer for services to be performed during August. As a result of these transactions, what is the amount of the increase to the Cash account
Business
1 answer:
algol [13]3 years ago
5 0

Answer:

$13,800

Explanation:

The amount of the increase to the cash account is shown below:

= Received cash + received cash + received cash + borrowed amount + received cash

= $1,350 + $6,950 + $675 + $3,000 + $1,825

= $13,800

Hence, the above formula is applied

Therefore the increase in cash account is $13,800

And, the same is to be considered

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Bonner Corp.'s sales last year were $415,000, and its year-end total assets were $355,000. The average firm in the industry has
koban [17]

Answer:

$182,083

Explanation:

The computation of the total assets by considering the total assets turnover is shown below:

Total assets turnover = Sales ÷ total assets

2.4 = $415,000  ÷ total assets

So, the total assets equal to

= $415,000 ÷ 2.4

= $172,917

So, the assets is reduced by

= Year-end total assets - calculated assets

= $355,000 - $172,917

= $182,083

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3 years ago
Athena Jolene, a human resources executive at Thomas Griffith, wants to collect ideas from the company's employees for an upcomi
gregori [183]

Answer:

B) discussion forum

Explanation:

A discussion forum is an online tool where people can post messages and everyone with access to the forum can read what is been shared, give answers and post new content. Because of this, the forum will be the technique that will best help Athena receive suggestions from employees, while also allowing employees to share their ideas with one another. Instant messaging, texting and emailing won't allow the interaction between several people discussing ideas that the forum can provide.

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3 years ago
A factory machine was purchased for $375000 on january 1, 2018. it was estimated that it would have a $75000 salvage value at th
natima [27]
Given that a<span> factory machine was purchased for $375000 on january 1, 2018. it was estimated that it would have a $75000 salvage value at the end of its 5-year useful life. it was also estimated that the machine would be run 40000 hours in the 5 years. the company ran the machine for 4000 actual hours in 2018.

If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2018 would be

\frac{375000-75000}{40000} \times4000= \frac{300000}{10} =\$30,000</span>
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3 years ago
A question that can be answered by observing and analyzing the world as it is known:
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Empirical Question is a question that can be answered by observing and analyzing the world as it is known:
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4 years ago
Predict how the price of athletic shorts would change if schools banned their use
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Not enough info given about the situation but the best guess would be the price would decrees.


When the demand for a product drops (i.e being banned) the price drops

4 0
3 years ago
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