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mart [117]
2 years ago
5

Give an example of an output contract associated with school.

Business
1 answer:
Damm [24]2 years ago
3 0

Answer:

one party agrees to purchase the entire production that the other party supplies.

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Ford Motor Corporation is considering purchasing new technology that will increase productivity by twenty percent. If Ford Motor
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E. The demand for loanable funds increases.

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3 years ago
Receive cash from customers, $15,000. Pay cash for employee salaries, $9,000. Pay cash for rent, $3,000. Receive cash from sale
Alexeev081 [22]

Answer:

Part 1

<u>Cash Account</u>

                                                                           $

<u>Debit :</u>

Receive cash from customers                     15,000

Sale of Equipment                                         8,000

Bank Loan                                                      4,000

Totals                                                            27,000

<u>Credit :</u>

Pay cash for employee salaries                   9,000

Rent                                                                3,000

Utilities                                                            1,000

Advertising                                                     7,000

Ending Balance                                              7,000

Totals                                                            27,000  

     

Part 2

Ending Balance is $7,000

Explanation:

Only Cash related purchases and receipts are posted to Cash Account. Thus ignore non-cash related transactions.

The Cash Account : Receipts are posted at the Debit side of this Account and Payments at the Credit Side.

The Balance : After determining the Totals of the Debit and Credit, the shortfall of any of that side represents the Balance.

7 0
3 years ago
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