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Nataly_w [17]
4 years ago
15

Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, a

nd Roy. Year 1 Year 2 Amounts billed to clients for services rendered $ 184,000 $ 234,000 Cash collected from clients 167,000 197,000 Cash disbursements Salaries paid to employees for services rendered during the year 97,000 107,000 Utilities 33,500 47,000 Purchase of insurance policy 62,100 0 In addition, you learn that the firm incurred utility costs of $38,500 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three-year period.Prepare an income statement for each year according to the accrual accounting model.
Business
1 answer:
NARA [144]4 years ago
8 0

Answer:

Answer in Attachment

Explanation:

Download xls
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The U.S. National Treasury issued $3 million of 2.7% bonds, due in 10 years, with interest payable annually at year-end. Calcula
lesya [120]

Answer:

$81000

Explanation:

The calculation is simple. Bond interest is simply calculated by multiplying bond value with the assorted interest rate.

For example

A bond with $1000 value with 5% interest is simply 5% of $1000 = $50

Therefore,

$3,000,000 * 2.7% = $81000

(2.7 % = 0.027)

Hope that helps.

3 0
3 years ago
In business, which of the following tones should be part of every written communications? a. Funny b.Vague c.Sarcastic d.polite​
dlinn [17]

Answer:

Polite

Explanation:

8 0
3 years ago
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Ksenya-84 [330]

Answer:

huh?what?

Explanation:

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6 0
3 years ago
Dave's boss told him that he doesn't have to attend the company picnic (which everybody dislikes) if dave meets his sales quota
astraxan [27]
The answer is negative reinforcement. It is a word termed by B. F. Skinner in his theory of operant conditioning. In negative reinforcement, a reaction or performance is reinforced by ending, eliminating or evading a negative consequence or aversive provocation.
8 0
3 years ago
A hotel is deciding how many reservations to accept for major one-night event in Indianapolis. The hotel has 180 rooms available
umka21 [38]

Answer:

Hotel A, Indianapolis

The number of rooms that the hotel should sell for this particular night to minimize their costs is:

= 196 rooms.

Explanation:

a) Data and Calculations:

Hotel rooms available = 180

Expected percentage of reservations that will actually show up = 92%

Cost per empty room = $175

Cost per room for overbooking and placing extra guests in other accommodations = $375

The number of rooms to sell this particular night to minimize costs = 180/92% = 196 rooms

Booking 196 rooms will ensure that the maximum rooms are fully taken by the reservationists and the hotel can only incur a probable cost of $375 per overbooked guest.

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3 years ago
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