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shusha [124]
3 years ago
9

At December 31, 2011 the accounting records of Gordon, Inc. contain the following items: If the Notes Payable is $10,000, the De

cember 31, 2011 cash balance is:
Business
1 answer:
Vadim26 [7]3 years ago
6 0

The question is incomplete. The complete question is as follows,

At December 31, 2011 the accounting records of Gordon, Inc. contain the following items:

Accounts Payable 2500

Land 30000

Building 31250

Notes Payable ?

Retained earnings 125000

Accounts Receivable 18750

Cash ?

Equipment 40000

Capital Stock 12500

If the Notes Payable is $10,000, the December 31, 2011 cash balance is:

Answer:

Cash = $30000

Explanation:

The accounting equation states that the sum of total assets is always equal to the sum of total liabilities plus total equity. We can state the equation as follows,

Total Assets = Total Liabilities + Total Equity

So,

(30000 + 31250 + 18750 + 40000 + Cash) = (2500 + 10000) + (125000 + 12500)

120000 + Cash = 12500 + 137500

Cash = 150000 - 120000

Cash = $30000

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5 0
4 years ago
If the price of good A decreases by 10 percent and the quantity demanded of good B increases by 10 percent, this is evidence tha
Lostsunrise [7]

Answer:

b. complement goods

Explanation:

Complement goods -

These are the type of goods , that are related to each other in a certain manner , is referred to as complement goods.

These type of good are also referred to as paired goods or associated goods .

In case of complement goods , if a person buys first good , then he might require the second good too.

These goods can even alters the prices of each other .

For example ,

people buying a CD player , need to buy the corresponding CD too , and hence ,

CD player and CD are complement goods.

Hence , from the given scenario of the question,

The correct option is b. complement goods .

A complementary good is a good whose use is related to the use of an associated or paired good. Two goods (A and B) are complementary if using more of good A requires the use of more of good B.

6 0
3 years ago
9. How is planning made any why is it important ? Explain .<br><br>​
Varvara68 [4.7K]
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5 0
2 years ago
Dave owns 15 shares of ABC mining stock. on monday the value of each shares rose $2 but on tuesday the value fell $5. what is th
IgorC [24]
First, the value of each share rose by 2. So we have +2.

Then it fell by 5. So we have
2 - 5 = -3

Each share has a net value of negative 3.
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8 0
3 years ago
Who can answer this?
lesantik [10]

Answer:

I don't know the first one but will do the rest I know.

Explanation:

2. The digestive system is responsible for taking the whole foods and turning them into energy and nutrients to allow the body function, grow and repair it self.

3. the secretary system in humans consist mainly of the kidney and bladder. the kidney is involved.

4. dissection is the act of dismembering of the body of a deceased animal or plant to study it's anatomical structure. and it is important in science cause it allows student see, touch, and explore the various organs.

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I don't know the last one maybe someone else can answer.

7 0
3 years ago
Read 2 more answers
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