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
REY [17]
3 years ago
10

At the beginning of 2018, Rex Co. showed a debit balance in the cash account of $20,500. Total debits to this account during the

year were $45,000, and total credits during the year were $35,000. The net (increase/decrease) in cash for 2018 equals $ .
Business
1 answer:
mars1129 [50]3 years ago
6 0

Answer:

increase ; $30,500

Explanation:

The computation of the net cash increase or decrease is shown below:

=  Debit balance in the cash account + total debit account balance - total credit account balance

= $20,500 + $45,000 - $35,000

= $30,500

Since the cash account has a debit balance and the total of debit balance is greater than the total of credit balance so there would be an increase in net cash      

You might be interested in
Ivanhoe, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined
Setler79 [48]

Answer:

The pension expense for 2021 = $543,500

Explanation:

Service cost = $523,000

Amortization of prior service cost = $113,000

Settlement rate = 11%

Projected benefit obligation = $1,450,000

Accumulated benefit obligation = $3,600,000

Note: The necessary calculations are in the table attached as a file to this solution.

4 0
3 years ago
Kermit plans to open a boutique. The initial investment is $10,000. He has to spend $1,500 in annual operations and maintenance.
Setler [38]

Answer:

8.14

Explanation:

The Rate of Return is 8.14 from my calculations which you can find in the attached file.

Now since the Rate of return is 8.14. Which is less than MARR of 12%, it shows that investment is not good.

3 0
3 years ago
Read 2 more answers
A country has been in existence for only two years.
ozzi

Answer:

-1.0 million

Explanation:

the debt issued in the second year is equal to the sum of the excess of revenues over outlays

in year 1, debt = $1.0 million - $1.5 million = $-0.5 million

In year 2, debt  = $1.5 million - $2.0 million = $-0.5 million

$-0.5 million + $-0.5 million  = -1.0 million

4 0
4 years ago
Pearl Sands is a resort in the town of Willington. It attracts the maximum number of customers in the summer. In the spring, Pea
Anastasy [175]

Answer: Push Strategy.

Explanation:

Pull strategy is applied by Pearl sands to draw customers to their holiday spot, by presenting their holiday spot as irresistible to their customers.

Pull strategy is an advertisement strategy used by marketers to draw customers to their product, by various means of adverts using Mass media and forms of advertisement.

4 0
3 years ago
In the simple Keynesian model, Multiple Choice Inflation becomes a problem only if demand increases at full employment. Inflatio
ElenaW [278]

Answer:

In the simple Keynesian model, inflation becomes a problem only if demand increases at full employment.

Explanation:

In the Keynesian view, price inflation is mainly the result of relative changes in supply and demand, which lead to price changes. Changes in the money supply have no direct influence here. According to this school, the money supply is the result of money creation by the banking system; but this plays only a limited role in the process.

In this vision, a distinction is made between:

- Demand inflation: Inflation occurs when the aggregated demand for goods and services increases, with an initially constant supply.

-Cost inflation: Inflation occurs if there is a sudden decrease in supply when demand remains the same.

7 0
3 years ago
Other questions:
  • Carroll Corporation has two products, Q and P. During June, the company's net operating income was $25,000, and the common fixed
    6·1 answer
  • Kelly and Tim Browne plan to refinance their mortgage to obtain a lower interest rate. The Browns will reduce their mortgage pay
    10·1 answer
  • The growth of the drug industry in canada represents which shift in organized crime? why is this important
    13·1 answer
  • Bon rules relating to good professional character and unprofessional conduct are intended to
    11·1 answer
  • The following bond investment transactions were completed during a recent year by Starks Company: Year 1 Jan. 31. Purchased 75,
    10·1 answer
  • Frank asks his customers to complete a survey about the service they receive at his company so that he and his staff can make ad
    5·1 answer
  • A firm in a perfectly competitive industry in​ long-run equilibrium will earn normal returns and zero economic profit.
    6·1 answer
  • The consumption function will shift down if:
    7·1 answer
  • The most common pattern for marginal utility is:
    15·1 answer
  • Which inventory costing method results in the lowest net income during a period of rising inventory​ costs?.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!