1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anettt [7]
3 years ago
11

The following transactions have been journalized and posted to the proper accounts: 1. Mark Call invested $7,000 cash in his new

design services business. 2. The business pre-paid the first month's rent of $700 cash. 3. The business purchased equipment by paying $2,000 cash and issuing a note payable for $4,500. 4. The business purchased supplies for $850 cash. 5. The business billed a client for $4,000 of design services completed. 6. The business received $3,000 cash for the completed services. What is the balance in Cash for this design service business
Business
1 answer:
goblinko [34]3 years ago
8 0

Answer:

$6,450

Explanation:

Calculation to determine the balance in Cash for this design service business

Using this formula

Cash balance=Cash Amount invested+Cash Received-Rent- Equipment purchased-Supplies

Let plug in the formula

Cash balance=$7,000+$3,000-$700-$2,000-$850

Cash balance=$6,450

Therefore the balance in Cash for this design service business is $6,450

You might be interested in
The marginal product of labor in the production of computer chips is 3030 chips per hour. The marginal rate of technical substit
fredd [130]

Answer:

150

Explanation:

As we know that

The marginal rate of technical substitution ​(MRTS) = Marginal product of labor ÷ Marginal product of capital

where,

The marginal rate of technical substitution ​(MRTS) = 0.20

And, the marginal product of labor is 30 chips per hour

So, the marginal product of capital is

= 30 chips per hour ÷ 0.20

= 150

The marginal rate of technical substitution ​(MRTS​) shows a relationship between the marginal product of labor and the marginal product of capital

5 0
3 years ago
Biarritz Corp. is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next three years, with the gro
mel-nik [20]

Answer:

The current share price is $82.85

Explanation:

D1 = (2.85*1.25)

    = 3.56

D2 = (3.56*1.25)

     = 4.45

D3 = (4.45*1.25)

     = 5.566

Value after year 3 = (D3*Growth rate)/(Required rate - Growth rate)

                              = (5.566*1.045)/(0.105 - 0.045)

                               = $96.95  

current price = Future dividend and value*Present value of discounting factor  

= 3.56/1.105 + 4.45/1.105^2 +5.566/1.105^3 + $96.95/1.105^3

= $82.85

Therefore, The current share price is $82.85

3 0
3 years ago
When using a grid analysis to weigh your options, how can bias be introduced?
Nookie1986 [14]

Answer:

Grid analysis is a brilliant chance to consolidate conceptualizing to consider the significance of different variables that affect a determination choice. The choice of another provider can be a laborious procedure, and the significance of the choice is inarguable.

Explanation:

8 0
4 years ago
FICA includes taxes to pay for
kakasveta [241]
<span> Social Security and Medicare</span>
7 0
3 years ago
The type of research method used depends on the nature of the study in question.
Kaylis [27]
TRUE. The type of research method used depends on the nature of the study in question.
5 0
3 years ago
Other questions:
  • Yappy Company is considering a capital investment of $320,000 in additional equipment. The new equipment is expected to have a u
    7·1 answer
  • Which job is categorized as professional and would most likely earn a salary?
    5·2 answers
  • The inventory of Royal Decking consisted of five products. Information about the December 31, 2021. Inventory is as follows:
    7·1 answer
  • Abey​ Kuruvilla, of Parkside​ Plumbing, uses 1,220 of a certain spare part that costs ​$26 for each​ order, with an annual holdi
    6·1 answer
  • What term references a period of economic growth as measured by a rise in the real GDP?
    13·1 answer
  • Deregulation occurs when the government no longer determines what role each company can play in the market and how much the comp
    13·2 answers
  • Perfect elasticity and zero elasticity refer to the same event, which occurs when quantity demanded or quantity supplied change
    14·1 answer
  • Many times a business sends out a multitude of materials to people across the country. If for every document they want to showca
    7·1 answer
  • Which punctuation mark best matches the image?
    7·1 answer
  • Cozelle, Inc., purchased inventory costing $125,000 and sold 80% of the goods for $200,000. All purchases and sales were on acco
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!