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
Helga [31]
3 years ago
7

During February, $75,150 was paid to creditors on account, and purchases on account were $96,190. Assuming the February 28 balan

ce of Accounts Payable was $32,310, determine the account balance on February 1.
Business
1 answer:
lidiya [134]3 years ago
5 0

Answer:

$45,000

Explanation:

Given the above information, the account balance on February 1 is computed below;

Balance of account payable Feb 28 + Cash paid to creditors in February - Purchases on account

= $59,900 + $186,500 - $201,400

= $45,000

Therefore, the account balance on February 1 is $45,000

You might be interested in
Your current account balance is $215. you have $322 of expenses each month. your income is $444 per month. how long will it take
sladkih [1.3K]
It will take me at least or approximately 7 months to accumulate a balance of $1000 in my account
6 0
3 years ago
Joslyn completed the lease term on her car and decided to turn the car in instead of purchasing it. upon inspection, the dealers
Fed [463]
Its the Lease Penalty
6 0
2 years ago
Read 2 more answers
Shipping the Good Apples​ Out?
ale4655 [162]

Yes. The marginal utility per dollar of each good is equal.

No. The marginal utility per dollar of of​ high-quality apples is greater than the marginal utility per dollar of​ low-quality apples.

more; fewer

Brainliest Please :)

5 0
3 years ago
Which one of the following statements correctly states a relationship?
Anon25 [30]

Answer:

D

Explanation:

i think

4 0
3 years ago
In economics, the short run is the time frame in which the quantities of ____ and the long run is the period of time in which __
padilas [110]

In economics, short run is time frame in which the quantities of quantities of some factors of production are​ fixed; and long run is period of time in which quantities of all the factors of production that can be varied.

<h3>What is production?</h3>

Production is the process of mixing several inputs, both material (like metal, wood, glass, or polymers) and immaterial (like plans, or information) in order to produce output. A valuable good or service that enhances people's utility will be this output's ideal form. Production theory is the branch of economics that focuses on production; it is closely tied to the consumption theory of the economy. Utilizing the first inputs productively leads directly to the manufacturing process and results. Land, labor, and capital are regarded as the three major production components and are known as primary producer commodities or services. These essential ingredients do not substantially change during the output process or turn into a complete part of the final product.

To learn more about production, visit:

brainly.com/question/16848613

#SPJ4

6 0
1 year ago
Other questions:
  • Toshlin issues financial statements on June 30. If payroll was $30,000 through June 30th and wages were to be paid on July 5. Wh
    7·1 answer
  • Whispering Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An emp
    6·1 answer
  • In the united​ states, a reason for the increase of the labor force participation rate for women is that
    5·1 answer
  • __________ and ________ are stimulus preference assessment methods, while ________ and __________ are reinforcer assessment meth
    11·1 answer
  • Which statement describes the role of the Federal Reserve System? A. It prints all the paper money in circulation in the United
    12·2 answers
  • Which of the following strategies makes a profit when the stock price declines and loses money when the stock price increases? (
    13·1 answer
  • Lois, a single taxpayer, contributed $1,200 to her traditional IRA in 2019. If she received a $240 saver’s credit and was not an
    8·1 answer
  • The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales $ 800,000 Net operating income $ 50,000 Averag
    6·1 answer
  • Meaning of business and its objectives plz helppppp
    7·1 answer
  • Many companies moved their operations from new england and the midwest to locations in the south because
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!