subject
Business, 19.10.2021 14:20 mothertrucker2828

At the beginning of 2020, Cornhuskers Corporation was established by an investor contributing $50,000 in cash. During 2020, Cornhuskers purchased 1,000 cornhole games, each costing $30. During 2020, Cornhuskers sold 800 cornhole games at $40 per game. Exactly half of those sales were collected in cash during 2020, and the other half will be collected in January of 2021. Cornhuskers promised to pay the salesperson $2 for each game sold. As of the end of the year, Cornhuskers had paid this salesperson $1,200 while the remainder that Cornhuskers owed the salesperson would be paid in January 2021. How much cash did Cornhuskers have at the end of 2020

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 16:20
Carlos hears juan and rita’s complaints about the new employees with whom they have to work with, as well as their threats to quit the company. if carlos were to reassign juan and rita to new, unique roles and separate them from the ronny and bill, it would signal that carlos has moved into the stage of managing resistance.
Answers: 3
question
Business, 22.06.2019 20:30
When patey pontoons issued 4% bonds on january 1, 2018, with a face amount of $660,000, the market yield for bonds of similar risk and maturity was 5%. the bonds mature december 31, 2021 (4 years). interest is paid semiannually on june 30 and december 31?
Answers: 1
question
Business, 23.06.2019 00:10
Warren company plans to depreciate a new building using the double declining-balance depreciation method. the building cost $870,000. the estimated residual value of the building is $57,000 and it has an expected useful life of 20 years. assuming the first year's depreciation expense was recorded properly, what would be the amount of depreciation expense for the second year?
Answers: 2
question
Business, 23.06.2019 01:30
Determine allison's december 31, 2018, investment in mathias balance.
Answers: 2
You know the right answer?
At the beginning of 2020, Cornhuskers Corporation was established by an investor contributing $50,00...
Questions
question
Mathematics, 13.01.2021 04:50
question
Social Studies, 13.01.2021 04:50
question
Mathematics, 13.01.2021 04:50
question
Mathematics, 13.01.2021 04:50