Answer:
$2,500
Explanation:
Opening balance $12,000
Cash receipts $30,000
Cash disbursement ($34,500)
Closing balance $7,500
Minimum cash balance $10,000
Borrowing amount(1$0,000-$7,500) $2,500
To maintain $10,000 cash balance western company need to borrow $2,500($10,000-$7500)
Answer:
The Jerry's adjusted basis in his partnership interest at the end of the year is $45,500
Explanation:
The adjusted basis of Jerry in his partnership is shown below:
= Partnership interest - Ordinary loss + long term capital gain + dividend - non deductible expense + cash contribution - share reduction
= $50,000 -$15,000 + $3,000 + $2,000 - $500 + $10,000 -$4,000
= $45,500
The ordinary loss, share reduction, and non deductible expense would decrease the Jerry interest in partnership firm while all other cost would increase his interest. That's why the amount is added and subtracted.
Hence, the Jerry's adjusted basis in his partnership interest at the end of the year is $45,500
The choices were A) store of value. B) medium of exchange. C) unit of account. D) double coincidence of wants
<span>The answer is </span>B<span>) medium of exchange. The money was used as a medium to purchase a product. </span><span> It</span><span> can be observed on different transactions of customers to obtain their needed item. It can be a necessity or a want that person must have.</span>
