Answer:
Cash balance= $500
Explanation:
Giving the following information:
Started her business baking dog treats by investing cash of $1,000.
Had revenues of $3,000.
She paid her assistant $1,000 in cash.
The business paid cash dividends of $500.
<u>The cash account is affected by every entrance or exit of money. For example, if a purchase is made on account, the cash balance is not affected.</u>
Cash balance= -1,000 + 3,000 - 1,000 - 500
Cash balance= $500
A sole proprietorship is not a legal entity but the person who owns the business and is responsible for paying all debts that the business accrues. This business is linked to the persons social security number and there is no legal distinection between the owner and the business entity. Lucy's sister probably warned Lucy about sole proprietorship and the legal principle that holds her responible for paying off all of the debts of the business.
Answer:
The correct option is B,A net inflow of $2,000
Explanation:
The net cash flow from investing activities is the cash dividends received minus cash paid for equipment purchase plus cash received from sale of land
Cash dividends received is $4,000
cash paid for equipment purchase is $27,000
Cash received from the sale of land is $25,000
Net cash flow from investing activities=$4000-$27,000+$25,000=$2000
The correct option ,therefore, is B, a net cash inflow of $2000 from investing activities
Answer:
Option (b) Decline 20%
Explanation:
Data provided in the question:
Firm X has declared a stock dividend that pays one share of stock for every five shares owned
Therefore,
The increase in number of shares
= [ 1 ÷ 5 ] × 100%
= 20%
Thus,
The earnings per share will decrease by the amount of increase in number of shares i.e decrease by 20%
Hence,
Option (b) Decline 20%
Answer: Relative pay differential.
Explanation:
Relative pay differential is earnings compared with earnings of others doing the same job.
