On September 30, the Cash Account of Value Company Had

question 138

Multiple Choice

On September 30, the Cash account of Value Company had a normal balance of $5,000. During September, the account was debited for a total of $12,200 and credited for a total of $11,500. What was the balance in the Cash account at the beginning of September?

• A) A $0 balance.
• B) A $4,300 debit balance.
• C) A $4,300 credit balance.
• D) A $5,700 debit balance.
• E) A $5,700 credit balance.

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Definitions:

MRC

Marginal Resource Cost, the cost of utilizing one additional unit of a resource or factor of production.

MRP

Marginal Revenue Product; the additional revenue generated from employing one more unit of a resource, commonly applied in economics.

Marginal Product

The additional output resulting from the use of one more unit of a production input, holding other inputs constant.

Variable Input

A variable input is one whose amount can be adjusted in the short term to either raise or lower output levels.