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4 years ago

The following is selected information from Windsor, Inc. for the fiscal year ending October 31, 2017.

Business

1 answer:

klasskru [66]4 years ago

8 0

Answer:

Net Income 192,640‬

Explanation:

For the accrual basis, we will consider the revenue ercognized and the expenses incurred regardless, of the payment date or collection date.

This means we will not focus on cash, we will focus in the accrued revenues and expenses for the period:

Revenues 378,400

Expenses with deprecation <u> (185,760) </u>

Net Income 192,640‬

The cash payment on the computer and the loan are not revenues or expenses, are considered for the cash flow statement.

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juin [17]

Answer:

Option C

Explanation:

C. There is a high degree of social consensus

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3 years ago

#15 Ruth Handler owns a home that has a replacement value....

vichka [17]

The correct answer is $737 premium per year.

The steps to solving this problem is to first determine the amount of homeowner’s insurance that you need. It is specified that they are looking for a policy that is equal to 80% of the home’s replacement value. The value of the home is $312,500, so 80% of that is $250,000 (312,500 x .8).

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3 years ago

According to a 2005 study of high school students in wisconsin, what is the primary motivator today for high school students' de

Solnce55 [7]

According to 2005 study of high school students in Wisconsin, the primary motivator today for high school students' decision to participate in community or service work is the edge it gives them during college admission. Students see community service as a mean of enhancing their eligibility for college admission, because it is one of the criteria that college admission committee consider during admission process.

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3 years ago

The Modified Accelerated Cost Recovery System (MACRS) is a depreciation method which expenses an asset over a single year becaus

ollegr [7]

The Modified Accelerated Cost Recovery System (MACRS) is used for tax purposes.

<h3>What is depreciation?</h3>

Depreciation refers to the devaluation in the value of the tangible assets after a particular period of time. When the depreciation value of the assets becomes zero or negative. It becomes outdated or obsolete.

Modified Accelerated Cost Recovery System is the system introduced by the United States which is the tax depreciation system used to estimate the value of the assets depreciated.

Initially, it was introduced to attract the investors to invest in the depreciating assets. the benefit of this system is that it gets higher tax exemptions.

Learn more about devaluation here:

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2 years ago

The Civil Service Act and the systems it made possible are all products of the twentieth century. Group of answer choices True F

Umnica [9.8K]

Answer:

The statement is: False.

Explanation:

The United States Pendleton Civil Service Act, effective from 1883, is legislation that established fair practices while employing individuals. The Act was named after Senator George H. Pendleton (1825-1889) states that employers must provide applicants job positions based on their merit instead of their political party affiliation.

Thus, <em>the Civil Service Act was enacted in the 19th century, not the 20th</em>.

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4 years ago