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3 years ago

In its first year of operations, Roma Company reports the following:

Business

1 answer:

Vlad [161]3 years ago

7 0

Answer:

Net Income - Cash basis = $10000

Net Income - Accrual basis = $19500

Explanation:

The cash basis of accounting accounts for transactions that occured in cash in the period when cash changes hand. This means that transactions are recorded when the cash is paid or received rather than to the period to which they actually relate to.

Cash basis net income will be,

Net Income = 37000 - 20250 - 6750

Net Income - Cash basis = $10000

The accrual basis of accounting follows that the transactions should be recorded in the period to which they relate to rather then when the cash is paid out or received.

Accrual basis Net income will be,

Net Income - Accrual basis = 45000 - 25500

Net Income - Accrual basis = $19500

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2 years ago

What is the relationship between a monopolist's demand curve and the market demand curve? A. A monopolist's demand curve is g

Ber [7]

Answer:

B) a monopolist's demand curve is the same as the market demand curve

Explanation:

The demand curve is downward sloping for both monopolies and competitive markets. Rational consumers will always buy larger quantities of products or services when their prices are lower, and inversely will buy less when the price if higher. This applies to all types of markets except monopsonies (a lot of suppliers and only one consumer).

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2 years ago

Sandy paid 30 dollars for a blouse. Cleaning cost after each wear is about $0.50. Sandy thinks she can wear the blouse 50 times

andrezito [222]

Answer:

twice

Explanation:

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2 years ago

Harvey Automobiles uses a standard part in the manufacture of several of its trucks. The cost of producing 60 comma 000 parts is

Fittoniya [83]

Answer:

$69,000

Explanation:

The computation of the operating income would be shown below:

= Buying cost - making cost

where,

Buying cost equals to

= 60,000 × $3

= $180,000

And, the making cost would be

= Variable cost + fixed cost × avoid percentage

= $90,000 + $70,000 × 30%

= $90,000 + $21,000

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Now put these values to the above formula

So, the value would equal to

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= $69,000

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2 years ago

4) Double-declining-balance depreciation: A) is an accelerated depreciation method. B) ignores the residual value in computing d

Oxana [17]

Answer:

Option D is correct.

Explanation:

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3 years ago