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Anettt [7]
2 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]2 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

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Answer: $42

Explanation:

Value can be found using the Gordon Growth model;

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Loan 1:
vampirchik [111]

Answer:

$10,786.88

Explanation:

The total amount paid on loan will be the sum of monthly payments and the deposit paid.

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3 0
3 years ago
Botosan Factory has budgeted factory overhead for the year at $453,120, and budgeted direct labor hours for the year are 384,000
Sloan [31]

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Explanation:

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In this question the activity level is Direct Labour Hours (DLH) which is the basis for allocating overhead.

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7 0
3 years ago
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LenKa [72]

Answer: Resellers

Explanation:

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A reseller is a type of channel partner that acts as an intermediary between companies that make, distribute or provide IT products or services and end customers, which may be businesses or consumers. A key reseller role has been order fulfillment: The customer goes to a reseller to simplify the ordering process and offload procurement and order processing tasks.

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