Larry bar opened a frame shop and completed these transactions: 1. larry started the shop by investing $41,500 cash and equipment valued at $19,500 in exchange for common stock. 2. purchased $220 of office supplies on credit. 3. paid $2700 cash for the receptionist's salary. 4. sold a custom frame service and collected $6000 cash on the sale. 5. completed framing services and billed the client $350. what was the balance of the cash account after these transactions were posted?

Peninsula products has just applied for a loan at your bank. when reviewing peninsula's books for the year that just ended, you notice that the firm uses the fair value option for its bonds payable. you also see that the firm recorded a $55,000 debit in its bonds payable account and a $55,000 credit in its unrealized holding gain or loss"income account. over that same period, interest rates decreased by about 0.5 percent. how should this information affect the bank's decision as to whether to grant peninsula a loan? a : the bank should strongly consider giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen an increase in its credit rating over the past year. b : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely the result of the rise in interest rates. c : the bank should hesitate before giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen a decline in its credit rating over the past year. d : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely unrelated to either interest rates or the firm's credit rating.

Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry?

What are two benefits of consumer programs