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gayaneshka [121]
2 years ago
12

Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from cus

tomers, $325,000; Cash paid for rent, $37,000; Cash paid to employees for services rendered during the year, $117,000; Cash paid for utilities, $47,000. In addition, you determine that customers owed the company $57,000 at the end of the year and no bad debts were anticipated. Also, the company owed the gas and electric company $1,700 at year-end, and the rent payment was for a two-year period. Calculate accrual net income for the year.
Business
1 answer:
LiRa [457]2 years ago
4 0

Answer:

Explanation:

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Question

Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from customers, $325,000; Cash paid for rent, $37,000; Cash paid to employees for services rendered during the year, $117,000; Cash paid for utilities, $47,000. In addition, you determine that customers owed the company $57,000 at the end of the year and no bad debts were anticipated. Also, the company owed the gas and electric company $1,700 at year-end, and the rent payment was for a two-year period. Calculate accrual net income for the year.

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Answer:

a. 1, and total revenue and price move in the same direction

Explanation:

Unit elasticity of demand is when a change in price leads to a proportional change in quantity demanded.

A good has a unit elastic demand when its coefficient of elasticity is equal to one.

If price increases by 20% , quantity demanded falls by 20%.

If price falls by 20%, quantity demanded increases by 20%.

I hope my answer helps you.

4 0
3 years ago
The firm repurchases shares from a major shareholder through privately determined discussions. What method is described in the p
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Answer: Direct negotiation

Explanation:

Since the firm repurchases shares from a major shareholder through privately determined discussions, then this is referred to as a direct negotiation.

A direct negotiation occurs when a company approaches one or some if it's largest shareholders directly so that the company can buy back the shares that was sold to them by the company back from them. In this case, the shares purchase price will include a premium.

7 0
2 years ago
My question is what is in decentralization​
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Decentralization or decentralisation is the process by which the activities of an organization, particularly those regarding planning and decision making, are distributed or delegated away from a central, authoritative location or group.

4 0
2 years ago
Suppose the real risk-free rate is 2.50% and the future rate of inflation is expected to be constant at 4.10%. What rate of retu
Yakvenalex [24]

Answer: 6.6%

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= 2.5% + 4.1%

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