Answer:
$44,400
Explanation:
The computation of the balance of the cash account after posting of these transactions are shown below:
= Invested cash amount - cash paid for receptionist's salary + cash collection from sale of frame service
= $41,100 - $2,300 + $5,600
= $44,400
The other items do not involved any cash transactions. Therefore they are not relevant and thus they not considered in the computation part
Answer: True
Explanation: The full disclosure principal states that any material information, that can affect the judgement of a rational investor or other stakeholder, must be stated in the financial statement.
These disclosures can be made on press releases, supplementary reports and other such communications etc.
Hence, from the above we can conclude that the given statement is true.
Answer:
Changes in interest rates can have both positive and negative effects on the markets. Central banks often change their target interest rates in response to economic activity: raising rates when the economy is overly strong, and lowering rates when the economy is sluggish. In economics, capital references non-financial assets used in the production of ... used up immediately in the process of production, unlike intermediate goods ... As a term, it is used to define balanced growth where the goal is to improve human capital ... The interest rate directly impacts economic choices.
Explanation:
Hope this helps!!
Answer:
Potomac Corporation will realize $450,000 with the sale of the warehouse
Explanation:
To determine how much money Potomac Corporation realized with the sale of the warehouse we can use the following equation:
money realized = sales price of warehouse + mortgage assumed by buyer
money realized = $325,000 + $125,000 = $450,000
