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const2013 [10]
3 years ago
15

Melody's Piano School operations for the month of May are summarized in the following three transactions: - Provided $1,150 of i

nstruction to students. - Of the $1,150 of instruction provided in May, $900 is collected in cash, and an additional $675 is collected for lessons provided in April. - Paid April’s piano rental bill of $500. Received May’s bill of $550 but did not pay. What is Melody's Net Income for May using the cash basis of accounting?
Business
1 answer:
Eddi Din [679]3 years ago
3 0

Answer:

Melody's net income for may is $ 1,075.

Explanation:

New income in cash basis = collection from instruction - piano rental bill

                                            = $ 1,575 - $ 500

                                            = $ 1,075

Therefore, Melody's net income for may is $ 1,075.

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In order for private bargaining to result in the efficient outcome,A) an injunction must be requestedB) property rights must be
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Answer:

The correct answer is letter "B": property rights must be clearly assigned to the parties involved in the dispute.

Explanation:

Named after British lawyer and economist Ronald Coase (<em>1910-2013</em>) the Coase Theorem states when there are competitive markets and no transaction costs bargaining will lead to an efficient and mutually beneficial outcome. The theorem affirms that when property rights are defined and divided, parties will gravitate to the most efficient and beneficial outcome.

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How would the number of firms competing in a particular market affect the likelihood that an exporter to that market would be ac
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What basically compares what an individual owes compared with how much they earn monthly?
STALIN [3.7K]

Answer:

C. Debt to Income Ratio

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When might be the best time to start saving for retirement?
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When your in your late 20s early 30s 
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If the last data point in this chart is the accumulated total (1258), what will you do to set up the chart properly?
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Right click the last data point and select "Set as Total"

<h3>What is accumulated total?</h3>

A running total stands for the summation of a sequence of numbers that exists updated each time a new number stands added to the sequence, by adding the value of the new number to the prior running total. Another term for it exists as a partial sum. The objectives of a running total exist twofold. Accumulated value, also directed to as accumulated amount or cash value, exists computed as the sum or total of the initial investment, plus interest earned to date.

A chart exists as a graphical representation for data visualization, in which "the data is described by symbols, such as lines in a bar chart, lines in a line chart, or slices in a pie chart". A chart can illustrate tabular numeric data, functions, or some types of quality structure and provides various info.

Right click the last data point and select "Set as Total".

To learn more about accumulated total refer to:

brainly.com/question/13131255

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