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
Sauron [17]
4 years ago
13

Marco Nelson opened a frame shop and completed these transactions: Marco started the shop by investing $41,900 cash and equipmen

t valued at $19,900 in exchange for common stock. Purchased $260 of office supplies on credit. Paid $3,100 cash for the receptionist's salary. Sold a custom frame service and collected $6,400 cash on the sale. Completed framing services and billed the client $390. What was the balance of the cash account after these transactions were posted?
Business
1 answer:
ruslelena [56]4 years ago
8 0

Answer:

The balance of the cash account after these transactions were posted is $45,200

Explanation:

cash balance after these transaction = Cash Investing in Shop - Paid cash for receptionist salary + Receive cash from sale of frame

                                                              = $41,900 - $3,100 + $6,400

                                                             = $45200

Therefore, The balance of the cash account after these transactions were posted is $45,200

You might be interested in
Those who oppose preferential hiring practices tend to argue that the only standard for awarding jobs is?
Contact [7]

Opponents of preferential hiring practices argue that the only standard for awarding jobs is competence. Some people see strong affirmative action as reverse discrimination  they argue that preferential treatment on the basis of race gender or minority status is always wrong.

Preferential hiring is an ethically legitimate means for compensating people for the harms that they have suffered.

They are experts in developing high-quality qualifications that meet the needs of employers and learners. They approve centres and work with them to ensure high quality delivery of qualifications and they carry out activity designed to assure the quality of the qualifications awarded.

Learn more about Preferential hiring here

brainly.com/question/16107189

#SPJ4

5 0
2 years ago
Complete this analogy: The computer is to hardware as a productivity program is to _____.
nikitadnepr [17]

Answer:

3. Software

Explanation:

7 0
3 years ago
"i can't believe that it's medicine" is an advertising slogan for a new antacid. the manufacturer claims that their antacid work
Dafna1 [17]
<span>These claims are part of the firm's strategy to achieve product </span>differentiation. When a company has developed product differentiation in the mind of a consumer, that means they stand on in their mind. The consumer can easily distinguish one company's product or service from that of a competitor. Being a "favorite" in the consumers mind keeps the consumer loyal to the brand. 
3 0
3 years ago
On January 1, 20x1, the ABC Corporation purchased 80% of the XYZ Company's voting stock for $3,000,000. The FMV of all of XYZ's
frutty [35]

Answer: $440000

Explanation:

Fair market value = $4025000

Book value of asset = $2,850,000

Land value = $625,000

The value of the goodwill will be

(Fair market value - book of asset - land value) × 80%

= ($4,025,000 - $2,850,000 - $625,000) × 80%

= 550000 × 80%

= 550000 × 0.8

= $440,000

8 0
3 years ago
Journalizing Transactions Monroe Company rents and sells electronic equipment. During September, Monroe engaged in the transacti
Tamiku [17]

Answer:

fresh avocado

Explanation:

freeshombockumdoo

4 0
2 years ago
Other questions:
  • Hepner Corporation has the following stockholders' equity accounts:
    8·1 answer
  • Please label the statements as true or false regarding economic booms and busts. With enough careful planning, fiscal and moneta
    10·1 answer
  • Type the correct answer in the box.
    14·1 answer
  • For a certain item, the cost-minimizing order quantity obtained with the basic EOQ model is 200 units, and the total annual inve
    10·1 answer
  • Suppose there is an improvement in technology in this market and the price of lamps, a complementary good, increases. What chang
    8·1 answer
  • Product line extensions are current products that have been modified. (points : 1) true false
    12·1 answer
  • A decision that involves potential further processing of joint products is which kind of decision? relevant make-or-buy sell-or-
    6·1 answer
  • Given the following production plan, use a chase production strategy to compute the monthly production, ending inventory/(backlo
    14·1 answer
  • If a local-level fair housing group wins a fair housing lawsuit against a landlord, who gets the money from the resulting judgme
    8·1 answer
  • Perdon Corporation manufactures safes-large mobile safes, and large walk-in stationary bank safes. As part of its annual budgeti
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!