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gayaneshka [121]
3 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]3 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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During its first year of operations, Maria Rose invested $25,000 in Roseland Inc. in exchange for its common stock. The company
Mazyrski [523]

Answer:

$80,000

Explanation:

During the first year of oeration Maria Rose invested $25,000 in Roseland incorporation

The company earned $68,000 in revenue

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A cash dividend of $5,000 was paid out to Maria

The company owed $24,00£ to its creditors

Assets = liabilities - equity

The first step is to calculate the equity

Equity= common stock - dividend + revenue-expenses incurred

= $25,000-$5,000+$68,000-$32,000

= $20,000+$36,000

= $56,000

Therefore the company's assets can be calculated as follows

= $24,000 + $56,000

= $80,000

Hence the total company's assets is $80,000

8 0
3 years ago
Which of the following is an example of an open-ended question?Answers:a. Do you want to have children?b. Would you consider ado
Elden [556K]

Answer:d. What do you think about the new ice-cream flavor

Explanation:

An open ended question is a statement that requires a response. The response can't be yes/ no or a static response

The question What do you think about the new ice-cream flavor can't be answered with yes or no. The answer can either be I like the ice cream flavour or I don't like the ice cream flavour.

I hope my answer helps you

6 0
3 years ago
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A project has cash flows of −$161,900, $60,800, $62,300, and $75,000 for Years 0 to 3, respectively. The required rate of return
Degger [83]

Answer:

Therefore, the internal rate of return is lower than the expected return, for this the project must be rejected

Explanation:

Solution

Given that

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The rate of return required = 13%

Now,

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Thus,

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=161900 =60800/1.0y +62300/1.0 y ^2 + 75000/ 1,0 y^3

Therefore, y = internal rate of return 10.41%

7 0
3 years ago
Spending by which sector is the largest single component of spending in the u.s. economy?
telo118 [61]
The sectors are international, household, business, and government.  The largest spending is consumption spending. That being said the answer would be household. 
3 0
3 years ago
A negative externality or spillover cost occurs when Multiple Choice the price of a good exceeds the marginal cost of producing
Mekhanik [1.2K]

A negative externality or spillover cost occurs when  the total cost of producing a good exceeds the costs borne by the producer.

  • Spillover costs, commonly referred to as "negative externalities," are losses or harm that a market transaction results in for a third party. Even though they were not involved in making the initial decision, the third party ultimately pays for the transaction in some way, according to Fundamental Finance.
  • An incident in one country can have a knock-on effect on the economy of another, frequently one that is more dependent on it, known as the spillover effect.
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Thus this is the answer.

To learn more about spillover cost, refer: brainly.com/question/2966591

#SPJ4

6 0
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