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Nitella [24]
3 years ago
13

What would be the cash balance in the general ledger if a credit of $2,000 is posted to the cash account that had a beginning ba

lance of $10,000 before posting?
Business
1 answer:
frez [133]3 years ago
8 0

A debit of 8000. It would make sense that a credit in cash would decrease the balance, therefore you deduct 2000 from 10000.

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An annuity that goes on indefinitely is called a perpetuity. The payments of a perpetuity constitute a/an series. The equation i
stepladder [879]

Answer:

The present value of security is $2300

Explanation:

The value or price of the perpetuity today is calculated by dividing the constant cash flow it provides per period by the interest rate or the rate of return (r). Thus the price of this perpetuity according to the formula will be,

Value of perpetuity = Cash flow / r

Value of perpetuity = 115 / 0.05

Value of perpetuity = $2300

6 0
2 years ago
Find the present value of $7,000 in 7 months at 9% interest
Anna11 [10]

Answer:

= principle \times rate \times time \\  = 7000 \times  \frac{9}{100}  \times 7 \\  = 4410 \: dollars

6 0
2 years ago
Read 2 more answers
When Matt Sawyer talks about giving kids a good experience early so they are more likely to come back when they "get wheels" (me
Lunna [17]

Answer:

The correct answer is letter "D": Psychological–learning.

Explanation:

Psychological learning refers to the behavior individuals acquire based on their experiences, negative or positive. It is believed events of individuals' childhood shape their personalities in the future and their attitudes in front of different situations. The school of study in charge of studying behavior is called Behaviorism.

5 0
2 years ago
The tax breaks, bailouts, direct payments, and grants that the government gives to corporations are referred to as
Wittaler [7]

Answer:

Corporate welfare

Explanation:

Corporate welfare is defined as the giving of financial grants, tax breaks, bailouts, etc by the government to large firms or organizations. This corporate welfare also shows how much less these organizations need such benevolent acts from the government compared to the poor and average members of the society. More often than not, the value of corporate welfare is not disclosed to the public thereby making it difficult to wrap one's head around how much corporate welfare the government is giving these corporations or organizations.

Cheers.

8 0
2 years ago
Which of the following is true about a "credit"?a) It is part of the double-entry procedure that keeps the accounting equation i
Sav [38]

Answer:

All of them.

Explanation:

Accounting systems are designed to show the increases and decreases in each financial statement item as a separate record. This record is called an account. In the T account, the debit is on the left and the credit is on the right.

The equity for credits and debits for each transaction is build into the accounting equation: assets = liabilities + equity. Because of this doble equality, this system is called double entry accounting system.

In balance sheet accounts:

-asset accounts debit for increases and credit for decreases.

-liability accounts debit for decreases and credit for increases.

-equity accounts debit for decreases and credit for increases.

6 0
3 years ago
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