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ycow [4]
3 years ago
12

Larry Bar opened a frame shop and completed these transactions: Larry started the shop by investing $40,700 cash and equipment v

alued at $18,700. Purchased $140 of office supplies on credit. Paid $1,900 cash for the receptionist's salary. Sold a custom frame service and collected $5,200 cash on the sale. Completed framing services and billed the client $270. What was the balance of the cash account after these transactions were posted
Business
1 answer:
IgorC [24]3 years ago
7 0

Answer:

$44,000

Explanation:

<u>Computation of Cash account balance </u>

Particulars                                        Amount

Initial investment of cash                $40,700

Add: Cash collected from sales     $5,200

Less: Salaries paid                          <u>$1,900</u>

Balance of cash account               <u>$44,000</u>

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Unemployment is often called a lagging or trailing indicator because unemployment tends to rise some time after the economy begi
andrezito [222]

Answer:

B) firms reduce hours before laying off when the economy is in recession, and increase hours before hiring when the economy expands.

Explanation:

In the case when the output falls so the workers would not be laid off in a direct manner. In the first time the labor would be decreased so that the demand could be analyzed. The same would be happen in that case also where the growth picked up

Therefore in the given case, the option B is correct

And the other options are wrong

7 0
2 years ago
Where does the 32 come from in cash received for common stock issued
worty [1.4K]

A public company can issue common stock to the shareholders of acquisition targets, which they can then sell for cash. This approach is also possible for private companies, but the recipients of those shares will have a much more difficult time selling their shares.

Multiply the number of shares issued by the price per share. Doing this calculation gives you the amount of cash raised by the sale of the stock. For example, if the company issues 100 shares at $10 per share, the result is $1,000 of additional capital raised from stock issuances.
4 0
2 years ago
the italian airline alitalia will pay $10 million to United Airlines one year from today. The spot rate is $1.35/E, while the 1-
Vitek1552 [10]

Answer:

alitalia should do the forward hedge to hedge its transaction exposure

Explanation:

Alitalia can construct the money market hedge as follows

1. borrow Euro whose present value is equal to the amount to be paid.

2. convert it to foreign currency at the current spot rate.

3. place it in a deposit

4. make the payment when the deposit reaches maturity

PV of payment = 10000000/1.05

                         = 9523809.525

converting in to Euro at the spot rate we get 6802721.09 Euros

so Alitalia has to borrow the above amount and convert it and invest it at 5%.

now the payable amount from the loan is  6802721.09(1+0.03) = 7006802.72 Euros

Hence Alitalia has effective managed to locl in a forward rate of 1.427$/euros (10000000/7006802.72)$/euros

Therefore, alitalia should do the forward hedge to hedge its transaction exposure

6 0
3 years ago
Which of the following materials could be potentially infected with bloodborne pathogens, assuming they are not mixed with human
Katena32 [7]

Answer:

Semen or vaginal secretions

Explanation:

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Assuming that the materials above are not mixed with human blood (meaning, they are not contaminated with blood), then the semen or vaginal secretions are the only materials where the bloodborne pathogens can be transmitted. Thus, it is important <u>not to have sexual contact with the contaminated person such as people with HIV.</u>

So, this explains the answer.

4 0
3 years ago
Operating profit is essentially a measure of how efficient management is in generating revenues and controlling expenses. True F
Paul [167]

Answer:

true

Explanation:

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it is considered to be the best way to determine how management tactics are helpful or beneficial for the organization. it helps to decide on the working policy for future goals.

3 0
3 years ago
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