Answer:
B) $84,000
Explanation:
Since accounts receivable increased by $10,000, it means that the cash basis pretax income is $10,000 lower than the accrual basis pretax income. The company sold the goods or services but it hasn't received the cash them yet.
Since accounts payable decreased by $6,000, it means that the cash basis pretax income is $6,000 lower than the accrual basis pretax income. The company acquired debt in year 1 but it paid it during year 2, therefore it used cash during year 2 to pay for debt that corresponded to year 1.
If we add both negative adjustments; (-$10,000) + (-$6,000) = -$16,000
$100,000 - $16,000 = $84,000
The reason that Larceny is easier to detect that skimming
because this is associated with having to steal the cash only after that it has
been recorded by the accounting system of the company in which makes it easier
to detect unlike skimming. The answer is letter b.
Answer:
The correct answer is that Gloria would have to invest $75,581 today at the rate of 7.25 % to receive $100000 in four years,hence option is correct
Explanation:
FV=PV(1+r)^t
FV=$100000
PV= is unknown
r=7.25%
t=4years
PV=FV/(1+r)^t
PV=100000/(1+0.0725)^4
=$75581
Hence the amount Gloria has to invest today is $75581
This would be a general partnership because both parties are responsible equally.
