A Company Had the Following Account Balances at Year-End: Cash………………………………………

question 20

Multiple Choice

A company had the following account balances at year-end: Cash……………………………………… $30,000
Accounts receivable……………………… 32,000
Accounts payable………………………… 20,000
Fees earned…………………………………..65,000
Rent expense…………………………………15,000
Insurance expense……………………………..4,800
Supplies………………………………………..5,000
Common stock……………………………….5,000
Retained earnings………………………….....14,800
Dividends………………………………… 18,000
If all of the accounts have normal balances,what are the total debits on the trial balance?

• A)$45,200
• B)$67,000
• C)$104,800
• D)$209,600
• E)$186,600

Identify the characteristics and functions of connective tissue.

Identify the characteristics and functions of epithelial tissue.

Identify the characteristics and functions of muscle tissue.

Identify the characteristics and functions of nervous tissue.

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Definitions:

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period of time.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the outstanding loan.

Discounting

The procedure used to calculate the present value of future income, which is inversely related to both the interest rate and the amount of time that passes before the funds are received.