Larry Bar opened a frame shop and completed these transactions: Larry started the shop by investing $40,900 cash and equipment valued at $18,900 in exchange for common stock. Purchased $160 of office supplies on credit. Paid $2,100 cash for the receptionist's salary. Sold a custom frame service and collected $5,400 cash on the sale. Completed framing services and billed the client $290. What was the balance of the cash account after these transactions were posted

United continental holdings, inc., (ual), operates passenger service throughout the world. the following data (in millions) were adapted from a recent financial statement of united. sales (revenue) $38,901 average property, plant, and equipment 17,219 average intangible assets 8,883 1. compute the asset turnover. round your answer to two decimal places.

Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)

Because the demand for wheat tends to be inelastic. true or false