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alex41 [277]
3 years ago
9

The beginning balance in Cash was $3,500. Additional cash of $2,000 was received. Checks were written totaling $2,500. The cash

balance is
A. $2,000.
B. $6,000.
C. $4,500.
D. $3,000.
Business
2 answers:
dimaraw [331]3 years ago
6 0
The Answer is D, $3,000.

I just had this question on my quiz.

3500 + 2000 = 5500 - 2500 = 3000
Basile [38]3 years ago
5 0
The answer is, A.$2,000.

Hope it helps!!
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The newly industrializing country that has competitive electronics and other light industries but which specializes in banking a
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The country that is being described in the statement given above is Hong Kong as they are considered as a newly industrializing country in which they have the capabilities of competing in regards with electronics and to specialize in the category of trade and banking.

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A stock with a current market price of $50 and a strike price of $45 has an associated put option priced at $3.50. This put has
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Answer:

The answer is D

Explanation:

Intrinsic value can be found by simply using the following formula

Put intrinsic value = Strike Price - Current selling price

this gives,

PIV = $45 - $50 = $-5

A put intrinsic value cannot be vegetative as it can be exercised right now at the current price. Thus it is interpreted as 0.

Time value is calculated as follows

Time Value = Option Price - Intrinsic Value

This gives   TV = $3.5 - $0 = $3.5

Hope this helps.

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Which of the following things could make a business idea a bad opportunity? A. Differentiation B. Low competition C. Low custome
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The things that could make a business idea a bad opportunity is low customer deman. Option C is the answer. The other options does not result to bad opportunity. .
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Whispering Winds Corp. has the following inventory data: July 1 Beginning Inventory 37 units at $18 $666 7 Purchases 129 units a
alexgriva [62]

Answer:

Whispering Winds Corp.

Using the FIFO inventory method, the amount allocated to cost of goods sold for July is:

=  $2,585

Explanation:

a) Data and Calculations:

Date      Description              Units     Unit Cost    Total Cost

July 1     Beginning Inventory  37             $18             $666

July 7    Purchases                 129            $19             2,451

July 22 Purchases                   18           $20                360

July 30 Total available           184                            $3,477

July 30  Ending inventory       46

July 30  Units sold                 138

Cost of goods sold, using FIFO inventory method:

Date      Description              Units     Unit Cost    Total Cost

July 1     Beginning Inventory  37             $18             $666

July 7    Purchases                 101              $19             1,919

Total cost of goods sold =                                       $2,585

Ending inventory = $892 (18 * $20 +  28 * $19)

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