The total of the figures on the left side of a Cash account is $36,700. The total of the figures on the right side is $16,250. The balance of this account:

A. is $52,950 and would be recorded on the left side of the account.
B. is $20,450 and would be recorded on the right side of the account.
C. is $52,950 and would be recorded on the right side of the account.
D. is $20,450 and would be recorded on the left side of the account.


Answer: D

Business

You might also like to view...

What do supportive organizational cultures encourage that enhance team success?

a. Individual-based evaluation and rewards b. Open communication and collaborative effort c. Homogeneity in thinking and idea generation d. Authoritarian leadership

Business

Carlos is a highly trained specialist who works on the assembly line performing basic tasks related to the production of products and services. In other words, Carlos is part of the ______ of the organization.

A. technostructure B. machine bureaucracy C. operating core D. adhocracy

Business

A) a series of decisions made over a short-term period regarding cash inflows and outflows B) ability to cover cash deficiencies C) cash outflows are more than inflows

19) money management 20) liquidity 21) cash deficiency What will be an ideal response?

Business

Payton Corp. has sales of $200,000, a contribution margin ratio of 35%, and a target profit of $40,000. If 10,000 units were sold, what are total variable costs?

A. $200,000 B. $240,000 C. $130,000 D. $160,000

Business