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4 years ago

The following transactions pertain to the operations of Ewing company for year 2.

Business

1 answer:

Archy [21]4 years ago

7 0

Answer:

ending cash balance 62,000

Explanation:

operating activities:

services on cash 8,000

collected from AR 51,000

paid to supplies (22,000)

rent paid (6,500)

supplies paid (1,200)

cash generated from operating: 29,300

financing activities:

issuance of stock 30,000

cash dividends paid (4,000)

cash generated from financing: 26,000

cash generated during the year: 55,300

beginning cash balance 6, 700

ending cash balance 62,000

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1. Which term represents interest and all

Elanso [62]

Annual percentage rate

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3 years ago

The final phase of the systems development life cycle is systems ________. Select one: a. implementation b. maintenance c. opera

MA_775_DIABLO [31]

Answer:

b. maintenance

Explanation:

The systems development life cycle contains 5 steps i.e.

1. Planning

2. Analysis

3. Design

4. Implementation

5. Maintenance

The final phase is the maintenance & required regular updated. It occurs when the end users could fine the system in the case when they want to increase the performance, or add new capabilities or meeting extra user requirements so it can be done under this step

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3 years ago

When Sue graduated from college, she got a job with a starting salary of $30,000. When Sue's sister Jan graduated five years

EleoNora [17]

Answer:

b. Jan earned a higher real salary.

Explanation:

The consumer price index rose 12 percent which means that with the same amount of money 5 years later you will be able to buy 12% less goods and services. Now in order to find who earned a higher real salary we will calculate how much higher was Jan's salary compared to SUE. If the difference in salary was more than 12% than Jan earned a higher real salary, if less than 12% then Sue earned a higher real salary and if =12% then both earned the same amount of real salary.

Difference in salary = 38,000-30,000=8,000

Percentage increase in salary = 8,000/30,000=0.266 =26.6%

Jan earned 26.6% more than Sue and the increase in the price index was 12% which means that Jan earned a higher real salary than Sue.

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4 years ago

Suppose that the quantity of money in circulation is fixed but the income velocity of money doubles. If real GDP remains at its

Shalnov [3]

Answer:

The equilibrium price level will double.

Explanation:

Suppose that the economy has a money supply of $4 billion and the income velocity of money is 8, the price level will be 4 and the real GDP is $8 billion. The formula we are using is:

Money supply x velocity = price level x real GDP

If the money supply remains the same ($4 billion), the income velocity of money is 16 (it doubles), and the real GDP is $8 billion, then the price level will be:

$4 x 16 = price level x $8

$64 = price level x $8

price level = $64 / $8 = 8

So the price level has doubled to 8.

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3 years ago

An owner withdrawal of $20,000 would: A. decrease ownerâ€™s equity and increase assets by $20,000. B. increase ownerâ€™s equity

ch4aika [34]

Answer:

C) increase liabilities and assets by $20,000.

Explanation :

Any financial transaction affects both assets and liability equally. If asset is increased , liability also is increased and vice-versa.

In the given problem , Option A and option B states that while one increases , other decreases. which is not possible .

So option C is correct.

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3 years ago