Answer:
b. $200,000 $400,000
Explanation:
As it given that $800,000 received by Kiley, out of which $400,000 is the security deposit amount and remaining $400,000 represents the current year and the next year rent
So we assume $200,000 is the current year rent revenue and the other $200,000 represents the unearned rent revenue which is reflected as a current liability
And, the security amount is shown as a long term liability
Answer:
The correct answer is c. marketing concept.
Explanation:
One of the great bets of marketing is knowing which ones with the unsatisfied needs of customers to be able to penetrate the market effectively. What is sought with marketing is to align all efforts for something strictly necessary, which allows to carry out approaches and take all efforts to maximize sales and therefore profits.
Answer:
Cash Basis, Accrual Basis
Explanation:
Modified cash basis of accounting would contain items (accounts) measured under both the cash basis of accounting and the accrual basis of accounting.
The modified cash basis combines the usage of the two major bookkeeping practices: cash and accrual accounting. It gets the best of both worlds, recording sales and expenses for long-term assets on an accrual basis and those of short-term assets on a cash basis.
Advertising Consultants. Consultants in general are self-employed.
Answer:
$6,712,053
Explanation:
Total current assets:
= cash and marketable securities + Inventory + accounts receivables + Other current assets
= $1,235,455 + $7,149,800 + $3,465,300 + $121,455
= $11,972,010
Total current liabilities:
= accounts payable + short-term notes payable
= $4,159,357 + $1,100,600
= $5,259,957
company's net working capital:
= Total current assets - Total current liabilities
= $11,972,010 - $5,259,957
= $6,712,053