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
Ivan
3 years ago
9

Following are transactions of Gotebo Tanners, Inc., a new company, during the month of January: Issued 10,000 shares of common s

tock for $15,000 cash. Purchased land for $12,000, signing a note payable for the full amount. Purchased office equipment for $1,200 cash. Received cash of $14,000 for services provided to customers during the month. Purchased $300 of office supplies on account. Paid employees $10,000 for their first month's salaries. What was the balance of Gotebo's Cash account following these six transactions
Business
1 answer:
s2008m [1.1K]3 years ago
7 0

Answer:

$17,800

Explanation:

Calculation to determine the balance of Gotebo's Cash account following these six transactions

Using this formula

Cash Account= Beginning Cash-Office equipment+Cash for Service rendered-Employee salaries

Let plug in the formula

Cash account = ($15,000 - $1,200 + $14,000 - $10,000)

Cash account= $17,800

Therefore the balance of Gotebo's Cash account following these six transactions is $17,800

You might be interested in
Price elasticity of demand along a linear, downward-sloping demand curve increases as price falls.
Ksivusya [100]
False.

It DECREASES. The midpoint of the demand curve will be unitary elastic, whereas above it, it will be elastic and below it, it will be inelastic.
8 0
3 years ago
People tend to display their wealth as a way of asserting their:
nordsb [41]
The word that best completes the statement would be "worth." People tend to feel more worthy compared to other people when they display their riches and wealth. In my opinion, a "truly worthy" person is someone people can count on. Instead of "showing" their wealth to others, instead, they should allocate some amount of their money to people who are in need. 
5 0
3 years ago
Faruq spends all of his income on tacos and milkshakes. His income is $100, the price of tacos is $10, and the price of milkshak
jek_recluse [69]

Answer:

The correct answer is 5.

Explanation:

Faruq's income is $100. The price of tacos is $10. The price of milkshakes is $2.

If Faruq spends all his income on tacos he will be able to purchase

=  \frac{100}{10}

=  10 tacos

If Faruq spends all his income on milkshakes he will be able to purchase

= \frac{100}{2}

= 50 milkshakes

So out of his total income he can either have 50 milkshakes or 10 tacos.

The opportunity cost of a taco will be

= \frac{whta\ is\ sacrificed}{what\ is\ gained}

= \frac{50}{10}

= 5

7 0
3 years ago
In order to make sure that employees do not misuse equipment in a way that could harm personnel, assets, or the organization's l
kodGreya [7K]

Answer:

Acceptable

Explanation:

The acceptable use policy is also known as fair use policy or the acceptable usage policy. It is a document or set of rules that is applied by the owner or by the management of nay organization or company that restricts and prevents the use of many equipment and other tools and machinery which could harm other coworker, other assets of the company or the legal standing of the company. It limits or restricts the usage of certain equipment and provides guidelines on how the equipment should be used and when to use.

6 0
3 years ago
Evaluate this statement: "If the yield of two bonds having equal maturity changes the same amount, the price of the lower coupon
AfilCa [17]

Answer:

FALSE

Explanation:

As the lower coupon means there is less amount of cash subject to variation of interest rate.

We must understand that in the end of the life of a bond(maturity), the value should always match the face value thus, the difference in bond market price arise from coupon payment.

If a bonds coupon payment is 40 dollars while another bond coupon payment  is 80 dollars the present value of the second will be more influenced from the interest rate as there are more dollars in the future to discount.

8 0
4 years ago
Other questions:
  • Economists generally favor the use of tradable emissions allowances to reduce pollution. However, the use of these allowances ha
    10·1 answer
  • A cover letter is a letter of introduction that accompanies a resume true or false
    9·1 answer
  • The bronco corporation exchanged land for equipment. the land had a book value of $122,000 and a fair value of $154,000. bronco
    9·2 answers
  • FrameIt manufactures picture frames. Below are costs from FrameIt’s June records. What is FrameIt’s total manufacturing overhead
    8·1 answer
  • Waterfun Technology produces engines for recreational boats. Because of competitive pressures, the company was making an effort
    7·1 answer
  • Balance sheet and income statement data indicate the following: Bonds payable, 6% (due in 15 years) $1,200,000; preferred 8% sto
    5·1 answer
  • If Rob and Lori purchased a home for $250,000 with an additional $4,000 in related purchase costs and then added a swimming pool
    10·1 answer
  • On January 1, 2020, XYZ Co. issued a bond with a $400,000 par (face) value. The bond is a 5-year bond and will mature on Decembe
    14·1 answer
  • Scampini Technologies is expected to generate $175 million in free cash flow next year, and FCF is expected to grow at a constan
    7·1 answer
  • Daniel purchased a bond on July 1, 2020, at par of $10,000 plus accrued interest of $300. On December 31, 2020, Daniel collected
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!