Use the Following Information as of December 31,2011 to Calculate

question 17

Essay

Use the following information as of December 31,2011 to calculate the amounts of cash and retained earnings.The company's total assets are $36,000.This company doesn't have other accounts.
$$\begin{array} { l r } \text { Accounts Payable } & \$ 7,000 \\\text { Accounts Receivable } & 8,000 \\\text { Supplies } & 1,000 \\\text { Furniture and Equipment } & 22,000 \\\text { Contributed Capital } & 10,000 \\\text { Cash } & ? \\\text { Retained Earnings } & ?\end{array}$$

Learn the function and purpose of a sinking fund.

Calculate the total amount of payments or costs associated with loans and investments over time.

Understand the principles of compound interest and how it applies to loans and investments.

Calculate the total amount paid over the life of a loan including interest.

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Ethical Decision-Making Model

A framework used to guide individuals in making choices that are morally right and fair in various situations, especially in professional settings.

Ethical Decision

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Normative Considerations

Evaluations or judgments based on standards or norms of behavior that dictate what should be considered acceptable or desirable.

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