[The Following Information Applies to the Questions Displayed Below

question 138

Multiple Choice

[The following information applies to the questions displayed below.]
The following transactions occurred during March,the first month of operations for Quality Galleries,Inc.:
* Capital stock was issued in exchange for $360,000 cash.
* Purchased $180,000 of equipment by making a $60,000 cash down payment and signing a note payable for the balance.
* Made a $35,000 cash payment on the note payable from the purchase of equipment.
* Sold a piece of equipment for cash of $18,000.The equipment was sold at cost,so there is no gain or loss on the sale.
-What is the balance in the Cash account at the end of March?

• A)$283,000
• B)$343,000
• C)$318,000
• D)$378,000

Realize the importance of a business plan's elements in securing financing.

Acknowledge the advantages and disadvantages of home-based businesses.

Grasp the criteria for small-business designation and related benefits.

Recognize the support role of the Small Business Administration (SBA) and Small Business Investment Companies (SBICs) in assisting small businesses.

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Definitions:

Isometric

Pertaining to exercises or muscle actions where the muscle length does not change during contraction, often used for strength training.

Isokinetic

Relating to or denoting muscular action in which the length of the muscle changes at a constant rate while under constant tension.

Anaerobic

Describes processes or organisms that do not require oxygen for growth or survival.

Aerobic

Pertaining to exercises or activities that improve the efficiency of the body's cardiovascular system in absorbing and transporting oxygen.