The Following Are Selected Current Month's Balances for Morgan Company

question 29

Multiple Choice

The following are selected current month's balances for Morgan Company. $$\begin{array} { | l | r | } \hline \text { Accounts Payable } & \$ 8,000 \\\hline \text { Revenue } & 12,000 \\\hline \text { Cash } & 6,450 \\\hline \text { Expenses } & 1,300 \\\hline \text { Furniture } & 11,000 \\\hline \text { Accounts Receivable } & 14,000 \\\hline \text { Morgan, Capital } & 7,250 \\\hline \text { Notes Payable } & 5,500 \\\hline\end{array}$$ Based on this information,calculate the total amount of credits for the trial balance.

• A) $25,500
• B) $20,750
• C) $24,750
• D) $32,750

Distinguish between types of innovation and their impact on business development.

Analyze the importance of creating competitive advantage.

Understand the significance of cash flow and intellectual capital in new and small businesses.

Assess strategies for competing effectively as a small business.