Ask question

Ask question

All categories

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?

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.

You might be interested in

A corn farmer is considered a ________ if he chooses not to join the national interest group his fellow farmers created, yet sti

muminat

A corn farmer is considered a free rider if he chooses not to join the national interest group his fellow farmers created, yet still reaps the benefits of the tax incentives the group lobbied for and won.
The free rider problem is an economic concept of a market failure that occurs when people or individuals are benefiting from resources, goods or services that they do not pay for. In our case, the corn farmer is benefiting from the tax incentives the group lobbied for, yet he or she made zero input or effort to contribute to the groups agenda in getting tax incentives. <span />

7 0

3 years ago

PLEASEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE HELPPPPPPPPPPPP 20 pts

jeka57 [31]

Answer:

Is there any multiple choice?

5 0

3 years ago

Your annual salary is $100,000. You are offered two options for a severance package. Option 1 pays you 6 months' salary now. Opt

kotegsom [21]

Answer:

Option 1 is more convenient.

Explanation:

Giving the following information:

The annual salary is $100,000. You are offered two options for a severance package. Option 1 pays you 6 months' salary now. Option 2 pays you and your heirs $6,000 per year forever

The present value of option 1 is:

PV= 6*100,000= $600,000

To calculate the present value of option 2 we need to use the present value formula of a perpetual annuity:

PV= Cash flow/i

PV= 6,000/0.11= $54,545

There is no doubt that option 1 is better.

7 0

3 years ago

an employer requires a college degree to work in any position in the company. what part of title vii could apply?

Artist 52 [7]

Title VII is known to be against employment discrimination using race, color, religion, sex and national origin.

The part of Title VII that could apply is Disparate treatment.

Disparate treatment is simply regarded as a form of unlawful discrimination in US labor law.

The United States ensure that unequal behavior toward someone because of a protected characteristic are statef under Title VII of the United States Civil Rights Act.

It is very a common type of discrimination. An example is when be an employer giving a certain job to all of the men who apply for a job but to none of the women.

Learn more from

brainly.com/question/14337996

5 0

2 years ago

Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a mi

cestrela7 [59]

Answer:

Cash flow from investing activities

Cash received from sale of truck = $8,600

Cash received from sale of machine = $5,600

Cash paid for purchase of investment = -$16,300

Net cash used by investing activities = ($2,100)

Explanation:

Given:

a. Sold a truck costing $40,000, with $22,000 of accumulated depreciation, for $8,000 cash. The sale results in a $10,000 loss.

b. Sold a machine costing $10,000, with $8,000 of accumulated depreciation, for $5,000 cash. The sale results in a $3,000 gain

c. Purchased stock investments for $16,000 cash. The purchaser believes the stock is worth at least $30,000

Cash flow from investing activities

Cash received from sale of truck = $8,600

Cash received from sale of machine = $5,600

Cash paid for purchase of investment = -$16,300

Net cash used by investing activities = ($2,100)

8 0

3 years ago