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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      

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Suppose executives at an art museum know that 100 adults are willing to pay $12 for admission to the museum on a weekday. Suppos
tresset_1 [31]

Answer:

$800

Explanation:

Price discrimination is a technique used by business owners and business in general that consists on chargin a certain group the maximum they are willing to pay for the product of service, in this case it would be $12 for adults and $8 for students, to know how much they will make we just multiply the cost of the tickets by the tickets bought, and the fmor that withdraw the cost of operation.

Tickets*Tickets cost=Earnings\\($12*100)+($8*200)=\\(1200)+(1600)=$2800

Now we know the museum made $2800 in tickets, we take out the $2000 of the operational cost, and we are left with $800 wich would be the net profit for the museum.

3 0
3 years ago
HELP!
DiKsa [7]

Answer:

A. Partnership

Explanation:

Based on the description of this scenario it can be said that the best option for Mary would be a Partnership. This means that she will share ownership and profit with those involved but at the same time will also share the  liabilities. This will make sure that the other tattoo artists will do their utmost best since they will have to deal with the consequences as well if they do not. Which in term protects Mary.

8 0
3 years ago
Read 2 more answers
An industry is composed of 10 firms, all with equal sales (e.g. firm 1 sales are 10% of the market, firm 2 sales are 10% of the
Gelneren [198K]

Answer:

0.40

Explanation:

The four firm concentration ratio = 10%+ 10% + 10% + 10% = 40% =0.40

I hope my answer helps you

5 0
3 years ago
Martin Enterprises needs someone to supply it with 120,000 cartons of machine screws per year to support its manufacturing needs
ANEK [815]

Answer:

The Bid Price you should submit is $15.45

Explanation:

NPV = -795000 + 143000*(1-21%)/1.09^5-70000 + 70000/1.09^5 + ((120000*(P-10.15) - 435000 - 795000/5)*(1-21%) + 795000/5)/0.09*(1-1/1.09^5)

        => -795000 + 143000*(1-21%)/1.09^5 - 70000 + 70000/1.09^5 +((120000*(P-10.15) - 435000 - 795000/5)*(1-21%) + 795000/5)/0.09*(1-1/1.09^5) >=0

      =>P = 15.446118865171

Therefore, The Bid Price you should submit is $15.45

6 0
2 years ago
Which of the following reflect the balances of prepayment accounts prior to adjustment?
egoroff_w [7]

Answer:

The answer is Balance sheet accounts are overstated and income statement accounts are understated.

Explanation:

6 0
2 years ago
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