At the end of the first month of operations for SloMo Delivery Service, the business had the following accounts: Accounts Receivable, $1,130; Prepaid Insurance, $430; Equipment, $35,500 and Cash, $40,300. On the same date, SloMo owed the following creditors: Simpson Supply Company, $11,300; Allen Office Equipment, $9,150. The total assets for the SloMo Delivery Service are:.a) 41,430. b) 75,800.c) 77,360.
d) 41,860.

$77,360

Explanation:

Slomo delivery had the following accounts

At the end of the first month of operations for SloMo Delivery Service, the business had the following accounts:

Accounts Receivable is $1,130

Prepaid Insurance is $430

Equipment is $35,500

Cash, $40,300.

Therefore the total assets can be calculated as follows.

= $1,130 + $430 + $35,500 + $40,300

= $77,360

Hence the total assets for SloMo delivery service is $77,360

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"