Ace,Inc.had the Following Transactions During June

question 31

Multiple Choice

Ace,Inc.had the following transactions during June:
Performed services for $4,000 on account;received cash on account,$8,000;paid $900 for repair expense;paid $1,800 to a supplier that it owed from the previous month.What is the combined effect on Cash of the June transactions?

• A)$5,300 increase
• B)$5,300 decrease
• C)$8,000 increase
• D)$2,700 decrease

---

Definitions:

Function

An arrangement between inputs and a cadre of sanctioned outputs, in which every input is designated a specific output.

Inverse Function

An inverse function reverses the operation of the original function, mapping the output back to its input.

Function

An alliance between a compilation of inputs and a list of legitimate outputs, where it's mandated that each input is attributed to only one output.

Domain

All possible values of x for which a given function is defined.