On May 31, the Cash account of Bottle's R US had a normal balance of $5800. During May, the Cash account was debited for a total of $13,000 and credited for a total of $12,300. What was the balance in the Cash account at the beginning of May?
A. A $0 balance.
B. A $6500 credit balance.
C. A $6500 debit balance.
D. A $5100 debit balance.
E. A $5100 credit balance.
Answer: D
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Lois Kent has owned and managed the operations of a small chain of sporting goods stores for the past two years. She has asked her administrative assistant to provide her with some annual reports of other companies that sell sporting goods as well as
some published reports showing norms for the sporting goods industry so that Lois can compare the financial ratios of her company with those of other companies that sell sporting goods. Discuss the limitations of using comparisons with other companies and industry norms, which Lois needs to remember.
A code of ethics is ______.
A. required by law in the United States B. a specific set of professional behaviors and values C. based upon principles developed by the United Nations D. mandated by the ISO
Predictive analytics uses statistical modeling to draw conclusions and predict behavior based on the assumption that what has happened in the past will continue to happen
a. True b. False