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
Nezavi [6.7K]
3 years ago
8

The cash account had a normal balance of $48,000 at the beginning of the month. during the month, langdon company received cash

payments from its customers of $22,000 and made cash payments of $8,000 for expenses incurred and $6,000 on account. the balance in the cash account after posting these transactions is
Business
1 answer:
jeka943 years ago
5 0

Calculation of balance in cash account after posting the given transactions;


Cash account normal (Debit) balance $48,000

Add: Cash received from Customers $22,000

Less: Cash Paid for Expenses incurred $8,000

Cash Balance = (48000+22000-8000) = $62,000

(Note: Expenses on account $6,000 shall not affect the cash balance as there is no cash transaction)


Hence the balance in cash account after posting the given transactions shall be <u>$62,000</u>


You might be interested in
(1 point)
LenKa [72]

Answer: you are preparing a map that shows consumer perceptions of the company's brands versus the competitions products

Explanation:

Positioning is the perception of a product in the consumer's minds in relation to its competing product. The positioning map is therefore a graphical device that is used to study and analyse the perceptions or positions of each of a group of competing products with respect of two particular product characteristic.

If someone is asked to prepare a positioning map, the individual needs to prepare a map that shows the consumer perceptions of the company's brands in relation to the competitions products.

5 0
3 years ago
The weekly demand for an item in a retail store follows a uniform distribution over the range 70 to 83. What would be the weekly
Lelechka [254]

The weekly demand would be 76.5. Demand is an economic concept that refers to a consumer's desire to buy goods and services as well as their willingness to pay a certain price for items.

When the price of a good or service rises, the quantity demanded falls. To meet demand, multiple stocking strategies are frequently required. Similarly, lowering the price of items or services raises the quantity demanded.

Demand is a concept that both consumers and businesses are familiar with because it makes sense and occurs naturally throughout almost any day. When prices rise, such as when the seasons change, shoppers buy fewer items, or none at all.

To learn more about demand, click here

brainly.com/question/24300739

#SPJ4

7 0
1 year ago
What is the future value if the payments are invested with the first national bank which offers semiannual compounding?
Alex73 [517]
The problem is missing some details. But here is the complete solution. Now consider the second alternative-5 annual payments of $2,000 each. Assume that the payments are made at the starting of each year.

N = 5
I = 10.25
---> this is computed by: [(1+i/n)^n] -1I = <span>[(1+10/2)^2] -1 = 10.25
</span>PV = O
PMT = -2,000
Using a financial calculator...
Future Value = 13, 528.90
6 0
3 years ago
Karyn is a second-year college student. the job market in her field has not been very good in recent years, and she is very conc
valentinak56 [21]
Worry i hope this helps u out :)
4 0
2 years ago
Immediately after an ice storm brought down power lines throughout the region, hardware stores were sold out of batteries and fl
Anton [14]

Answer: Market allocates goods effectively.

Explanation: Effective market allocation is the economic market interaction discussed in this case study. As there was a storm and the power lines got down it was obvious that the demand for the batteries and flashlights will increase and the stock became insufficient but the market forces came into action leading to increase in supply and restoring demand and supply to equilibrium level .

7 0
2 years ago
Read 2 more answers
Other questions:
  • In the following descriptions, which company is likeliest to have strong power in its distribution channel? A. A pizzeria in a c
    8·2 answers
  • A business firm's interaction with the environment is a characteristic of an open system true or false
    7·1 answer
  • The matching principle is best demonstrated by:________.
    6·1 answer
  • When a multinational firm decides to sell its products abroad, one of the risks the firm faces is that the government of the for
    13·1 answer
  • Suppose that in a population of 50 million persons, 40 million are in the labor force, 36 million are employed, 2 million are cl
    13·1 answer
  • g On January 2, Yorkshire Company acquired 34% of the outstanding stock of Fain Company for $400,000. For the year ended Decembe
    7·1 answer
  • The resistance of employees in an organization against flexibility, growth, and diversification can be overcome by developing___
    10·1 answer
  • The divisions of a corporation, working together, accomplished an ROI that is greater than they did when each division worked in
    11·1 answer
  • On January 2, 2021, the Jackson Company purchased equipment to be used in its manufacturing process. The equipment has an estima
    12·1 answer
  • Crane, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity c
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!