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Svetllana [295]
3 years ago
8

Alayna is a voice and singing coach. She is a calendar-year taxpayer using the accrual method of accounting. On November 2, 2018

, she received $3,200 for a 2-year contract for 64 one-hour voice and singing lessons beginning on that date. The contract provided that Alayna give 8 lessons in 2018 and 48 lessons in 2019, with the remaining lessons to be given in 2020. What is the amount that Alayna should report on her 2019 return?a. $0b. $3,200c. $2,400d. $2,800
Business
1 answer:
Umnica [9.8K]3 years ago
5 0

Answer:

She should report $2400.00

Explanation:

She has a contract for 64 hours and she gets $3200.00 Just by aritmethics, this is doing a division we can find that she gets $50.00 for every hour, therefore if she gives 48 hours in 2019 we multiply $50.00 for 48 hours and we get $2,400.00

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Current assets are those assets that can be converted into cash within:
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Answer:

B. One year or the operating cycle, whichever is longer.

Explanation:

Current Assets are assets that can be converted into cash within a year or an operating cycle whichever is longer.

Current Assets are presented first on a balance sheet and arranged in order of liquidity.

Examples of current assets are cash ,

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I hope my answer helps you

4 0
3 years ago
A two-year college is often the best choice for students who need additional training or time to explore career options.
coldgirl [10]
True I think okay don't judge me:(
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3 years ago
Which of the following is not true regarding economic exposure? a. The impact of a change in the local currency on inflow and ou
Natali [406]

Answer:

Option A The impact of a change in the local currency on inflow and outflow variables can sometimes be indirect and therefore different from what is expected.

Explanation:

The reason is that the changes in the currency exchange rate in which the company receives the payment and is also not a home currency, such risk exposure is known as economic exposure. So the only option that correct here is option A.

Option B is incorrect because depreciation is non cash item and it is not exposed to currency fluctuations.

Option C and D are also incorrect because domestic firms don't face any economic exposure.

8 0
3 years ago
Por que debemos minimizar la escasez?
Trava [24]

Porque los humanos tienen recursos limitados pero deseos y necesidades ilimitados. Actividades realizadas por otros para nosotros. Recursos que están ampliamente disponibles y que nunca se pueden usar.

(Because humans have limited resources but unlimited wants and needs. Activities done by others for us. ... Resources that are widely available and can never be used up.)

4 0
3 years ago
At the present time, Perpetualcold Refrigeration Company (PRC) has 10-year noncallable bonds with a face value of $1,000 that ar
Assoli18 [71]

Answer:

The correct answer is 4.33%(approx)

Explanation:

According to the scenario, the given data are as follows:\

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6 0
3 years ago
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