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nydimaria [60]
3 years ago
12

Bill operates a proprietorship using the cash method of accounting, and this year he received the following: $170 in cash from a

customer for services rendered this year a promise from a customer to pay $186 for services rendered this year tickets to a football game worth $215 as payment for services performed last year a check for $184 for services rendered this year that Bill forgot to cash How much income should Bill realize on Schedule C
Business
1 answer:
zmey [24]3 years ago
5 0

Answer:

$569

Explanation:

Cash from a customer for services rendered $170

Tickets to a football game worth $215

Check for services rendered $184

Total $569

Therefore Bill should realized income of $569 on Schedule C because Income is realized as property is received but the promise to pay is not property (unless accompanied by a note receivable).

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Wiley's has total equity of $679,400, long-term debt of $316,900, net working capital of $31,600, and total assets of $1,123,900
Elenna [48]

Answer:

The answer is 0.4

Explanation:

The formula for total debt ratio is total debt ÷ total assets.

Total debt equals current debt plus total long-term debt.

To find total debt(liability), remember Asset = Liability + Equity.

Therefore, Liability (debt) will be Asset - equity

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Total debt(liability) = $444,500

So, total debt ratio will be:

$444,500/$1,123,900

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This ratio means 0.4 or 40 percent of the company asset is financed by debt.

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How long would it take for Nico to save an adequate amount for retirement if he deposits​ $40,000 per year into an account begin
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Answer: It will take Nico approximately 12 years

Explanation:

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