During November Kobe Orr Invested $300 in a New Pet-Sitting

question 45

Multiple Choice

During November Kobe Orr invested $300 in a new pet-sitting business Kobe's Cats.During its first month of operations Kobe's Cats performed services and billed customers $750 paid $150 for advertising and collected $500 from customers.Use the following tabular analysis to determine Kobe's Cats' Cash balance at the end of November

• A)$1050
• B)$900
• C)$650
• D)$350

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Definitions:

Minimum-Wage Laws

A law that establishes the minimum hourly pay rate that employers are legally allowed to offer their workers.

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A branch of economics that focuses on describing and explaining economic phenomena as they are.