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schepotkina [342]
3 years ago
7

Carlisle Transport had $4,716 cash at the beginning of the period. During the period, the firm collected $1,517 in receivables,

paid $2,182 to supplier, had credit sales of $5,351, and incurred cash expenses of $500. What was the cash balance at the end of the period
Business
1 answer:
Gnesinka [82]3 years ago
4 0

Answer:

the  cash balance at the end of the period is $3,551

Explanation:

The computation of the cash balance at the end of the period is shown below:

= Cash Balance at beginning of the period + received from receivables - paid to suppliers- cash expenses

= $4,716 +  $1,517 - $2,182 - $500

= $3,551

Hence, the  cash balance at the end of the period is $3,551

The above formula should be used for the same

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Scenario 17-5. assume that a local restaurant sells two items, salads and steaks. the restaurant's only two customers on a parti
rodikova [14]

Answer: The price of the tied good is $20.

Explanation: The practice of tying is used to package products in such a way that the price of the tied (combined) good is closer to the buyers total willingness to pay for the two goods.

In this case, the total willingness to pay of Carnivore is $20+$7=$27

While, that of Leafygreens is $8+$12=$20

Thus, the producer will sell the combined good at $20 as it this price both the consumers will buy the tied good. If the producer sells it at $27, then only the Carnivore will buy the good but Leafygreens will not.

Thus, with zero marginal cost of serving additional consumer it is better for the producer to sell at $20.

8 0
3 years ago
The following account balances were taken from the 2021 post-closing trial balance of the Bowler Corporation: cash, $9,500; acco
Pavlova-9 [17]

Answer:

$196,000

Explanation:

The question is to prepare the balance sheet of Bowler Corporation as at the end of 2021.

Balance Sheet is generally divided into Assets side (Non-Current and current) Liabilities (non-current and current) and the Stockholders equity. A good balance sheet should be as follows Asset= Liabilities + Equity

Bowler Corporation Balance Sheet as at 2021

Particulars                                            Amount($)                 Amount($)

Non-Current Assets

Equipment                                          210,000

Less: Depreciation                            <u> (78,000)    </u>                132,000

Current Assets

Cash                                                      9,500

Accounts receivable                            19,500

Inventory                                               <u>35,000</u>

Total Current Assets                                                             <u>64,000</u>

Total Assets                                                                          196,000

Liabilities and Equity

Current Liabilities

Accounts Payable                                 75,000

Salaries payable                                <u>    31,000</u>

Total liabilities                                                                         106,000

Equity                                                  

Common Stock                                      69,000

Retained earnings                                <u>  21,000</u>

Total stockholders' equity                                                        <u> 90,000</u>

Total Liabilities and Equity                                                     196,000

4 0
3 years ago
A foreign company has offered to buy 75 units for a reduced sales price of $320 per unit. The marketing manager says the sale wi
belka [17]

Answer:

an increase in the operating income by $16,322

Explanation:

The computation of the impact in the operating income is given below:

Variable cost of 75 units (1300000 × 75 ÷ 12700)   7,678

Sale price of 75 units (75 × 320)  24,000

Increase in operating income (24000 - 7678)   $16,322

hence, the impact in the operating income is that there is an increase in the operating income by $16,322

4 0
3 years ago
A firm's optimal output is 1,000 units per month, with a fixed cost of $300 per month and variable cost of $200 per month. The m
irina [24]

Answer:

Increase the production to decrease the fixed cost per unit

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6 0
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Eddi Din [679]
In the given situation, the systems property illustrated is called equifinality. The case says that there three people were fired at ABC Corporation. Eugene was fired because he was incompetent. Rita was fired because she was unethical. Kayla was fired because of economic conditions. Equifinality in business implies that firms may establish similar competitive advantages based on substantially different competencies. The concept is that there are many paths to the same end. The idea states that there are multiple ways to reach a final goal. In open systems, equifinality states that in open systems a given end state can be reached by many potential means.
5 0
3 years ago
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