Answer: See explanation
Explanation:
1. Calculate the first year's net earnings under the cash basis of accounting, and the first year's net earnings under the accrual basis of accounting.
The first year's net earnings under the cash basis of accounting will be:
Service revenue = $23400
Less: Expenses = $14310
Net income = $9090
The first year's net earnings under the accrual basis of accounting will be:
Service revenue = $29500
Less: Expenses = $15500
Net income = $14000
2. Which basis of accounting (cash or accrual) provides more useful information for decision-makers?
It should be noted that the accrual basis of accounting gives decision makers more useful information. This is due to the fact that the decision makers will probably want to know the revenue and the expenses that were incurred for a particular period and every other necessary details.
Answer:
Explanation:
To calculate the slop from this question. Please find attached diagram that will aid us to that will assist us in solving this question.
= ∑ −
(∑ ) (∑ )
/
/∑
² −
(∑ )²
/
=5117 −
287 ∙ 141
/8 / 10371 − 287²/8
=58.625
/74.875
=0.7830.
To calculate the y-intercept
=
∑
/
− ∙
∑
/
=
141
/8
− 0.783 ∙
287
/8
= −10.4651.
Therefore;
Sales = −10.4651 + 0.7830 ∙ Advertising.
Sales (40) = −10.4651 + 0.7830 ∙ 40 = $20.85 Million.
Answer:
After 34 days, Akin's bank account would have $5,034.11
Explanation:
Given that 5.5% annual interest, if compounded daily, represents a daily interest of 0.015%, to determine the total amount that Akin's account will have if its initial amount were $ 5,000 after 34 days of investment, the following must be done calculation:
X = 5,000 x (1 + 0.015) 34
X = 5,034.11
Therefore, after 34 days, Akin's bank account would have $5,034.11.
<span>When a major employer relocates, leaving may homes in an area vacant and unmaintained, it is an example of Incurable economic obsolescence. This can drive real estate and property values in the area down as it offshifts the balance of supply and demand.</span>
The ratio that is mostly used to determine whether or not a loans officer at the bank would loan a business money is known as the debt-to-equity ratio.
<h3>What is the
debt-to-equity ratio?</h3>
This refers to the ratio that allows to measure of the relative contribution of the creditors and shareholders or owners in the capital employed in business.
The debt-to-equity ratio provides an insight into a company's use of debt. When the company have a high D/E ratio, it is considered a higher risk to lenders and investors because it suggests that the company is financing a significant amount of its potential growth through borrowing.
Therefore, the ratio that is mostly used to determine whether or not a loans officer at the bank would loan a business money is known as the debt-to-equity ratio.
Read more about debt-to-equity ratio
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