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Andre45 [30]
2 years ago
13

Jenna Jeffries started her business baking dog treats by investing cash of $1,000. During May, its first month of operations, Je

nna's Barkery had revenues of $3,000, all of which was collected in cash. She paid her assistant $1,000 in cash and purchased $200 of supplies on account. The business paid cash dividends of $500.
Required:
Determine the balance in Cash at the end of the month.
Business
1 answer:
ElenaW [278]2 years ago
3 0

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

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Exotech has an inventory turn ratio of 60 with $50 million in annual sales, and an average inventory of $250,000. What is Exotec
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Answer:

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Explanation:

Data provided in the question:

Inventory turn ratio = 60

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Now,

we know,

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thus,

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Explanation:

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The fixed cost would not be eliminated entirely and we have no information of any partial decrease. so the differential analysis shows a decrease in 140,000 in the net income if product T is discountinued

3 0
2 years ago
1. Assume that Walmart can borrow at yield of 5% in USD (5-year, zero coupon debt, issued in the US), before issuance costs. Alt
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Explanation:

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