Answer:
$ 7250
Step-by-step explanation:
Data provided:
Revenue = $800
Cash = $500
Expenses = $400
Accounts Receivable = $350
Capital = $7,500
Withdrawals = $1,000
Balance in the cash account
=(Revenue+Cash + Accounts Receivable + Capital )-(Expenses + Withdrawals)
on substituting the values, we get
Balance in cash account = ( $ 800 + $ 350 + $ 7,500 ) - ( $ 400 + $ 1,000)
or
Balance in cash account = $ 8,650 - $ 1,400 = $ 7250
See, please, suggested decision, if it is possible check it.
Answer:False
Step-by-step explanation:
Because when you go up and you subtract that numbers you don't get the number you need
More details plz then I can help just comment
The formula in computing the simple interest of a savings
account is:
I = Prt
Where I = interest earned
P =
principal amount deposited
r = rate
t = time
in years
You are asked to find the total amount of interest earned at
the end of 5 years. Substituting the amounts to the formula:
I = $500 (4%) (5)
I = $100
Therefore, the total amount of interest earned at the end of
5 years is $100.