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Anarel [89]
3 years ago
15

At the end of its first month of operations, Michael's Consulting Services reported net income of $31,600. They also had account

balances of: Cash, $22,400; Office Supplies, $3,100 and Accounts Receivable $12,200. The owner's total investment for this first month was $6,100. There were no owner withdrawals in the first month was $5,850.
Required:
Calculate the ending balance in stockholders' equity to be reported on the Balance Sheet.
Business
1 answer:
erik [133]3 years ago
8 0

Answer:

Explanation:

Calculate the ending balance in stockholders' equity to be reported on the Balance Sheet.

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Which of the following statements is CORRECT regarding deciding whether an alcohol sale is legal?
rjkz [21]

Answer: D)

Explanation: These are statements that are missing.

A. IF a person looks over 21, they likely are.

B. Few minors have physical characteristics of an adult.

C. if a person looks like a minor, they likely are a minor.

D. signs of physical maturity are a reliable guide.

If the person is having looks like they are 21 year old, physical characteristics or looking like a minor but not having an ID card that is showing that they are having physical maturity, 21 years or more, they cannot buy an alcohol because that is against the law and the law is referring to that everyone who is buying it has to be at least 21 years old.

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3 years ago
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How goal succession take place? explain the condition responsible for goal succession​
valentina_108 [34]

the new or modified goals are incorporated or substituted for the existing one in such a manner that they do not change the spirit of the existing goals

The new goals are such that individuals or the organisation are willing to state publicly.

4 0
2 years ago
U. s. treasury securities considered to be risk-free because they have minimal, if any, ____ risk.
zubka84 [21]

U. s. treasury securities are considered risk-free because they have minimal if any, default risk.

Given that the U.S. government stands behind them with its full faith and credit, Treasury securities are among the safest investments. According to the maturity period, Treasury securities are separated into three major groups:

  • Treasury Notes
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You can buy any of these Treasury securities directly from the US government, through a bank, or through a broker. Despite being low-risk, treasuries do have some risks, such as being affected by inflation and interest rate changes. Treasuries have low returns because they are a secure investment. Federal taxes must be paid on interest received on Treasury securities.

To know more about Treasury securities refer to:  brainly.com/question/15004124

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8 0
2 years ago
What is a personal income tax
Burka [1]

Answer:

Personal income tax is generally computed as the product of a tax rate times taxable income

Explanation:

8 0
3 years ago
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You go to the grocery store to buy a gallon of milk, expecting to pay $4.50 for it. Once you get there, you discover it is on sa
DIA [1.3K]

The extra $2 that you saved on the $4.50 you were willing to pay for it represents consumer surplus. Consumer surplus is the difference between the total amount that a consumer is willing to pay for a good or service versus what they actually pay for the good or service. The $2 represents what the consumer was willing to pay for the milk.

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3 years ago
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