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Nataly_w [17]
3 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]3 years ago
8 0

Answer:

Answer in Attachment

Explanation:

Download xls
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The reason that interest rate risk is greater for ____ term bonds than for ____ term bonds is that the change in rates has a gre
meriva

The reason that interest rate risk is greater for <u>long</u>-term bonds than for <u>short</u>-term bonds is that the change in rates has a greater effect on the present value of the <u>Par Value</u> than on the present value of the <u>Coupon</u>.

<h3>What is a Long-term Bond?</h3>

Long-term bonds are investments that span a maturity term of at least 10 years and up to 30 years.

They usually pay a higher interest rate than the short-term bonds which span between a year and three years.

See the link below for more about long-term bonds:

brainly.com/question/3521722

4 0
1 year ago
Glebe Company accepted a credit card account receivable in exchange for $1,100 of services provided to a customer. The credit ca
zimovet [89]

Answer:

Account receivable balance = $1,100 - ($1,100* 5%)

Account receivable balance =$1,100 - $55

Account receivable balance = $1,045

Date    Account Title        Debit       Credit

           Cash Account      $1,045

                 To Accounts receivable  $1,045

7 0
3 years ago
You need to announce two promotions. Which of these options would most likely be both efficient and effective
torisob [31]

The correct option are B and D.

B. Send an email to everyone in the unit

D. Announce the promotions at a meeting

These options would most likely be both efficient and effective for promotions in the firm for employee.

<h3>What is communication skills?</h3>

People with good communication skills can understand others and be understood. These skills need a variety of skills, including listening, communicating, watching, and having empathy.

Communication is "an apparent response to the unpleasant divides between self and other, private and public, and inner thought and outer world,

<h3>What are the 7 types of business communication?</h3>

We have detailed the benefits and drawbacks of each style of corporate communication, as well as suggestions for effective communication in each situation.

  • Upward communication.
  • Downward communication.
  • Lateral communication.
  • External communication.
  • Face-to-face communication.
  • Electronic communication.
  • Written communication.

To know more about communication skills visit:

brainly.com/question/23389907

#SPJ4

I understand that the question you are looking for is:

Communication skills refer to a manager’s ability to effectively convey ideas and information to others and to effectively receive ideas and information from others. This exercise focuses on communication skills as they involve deciding how to best convey information to others.

Exercise Background

Assume that you are a middle manager for a large electronics firm. People in your organization generally use one of three methods to communicate with one another. One common method is verbal communication, either face-to-face or by telephone. Surprisingly, people also still use a lot of written communication in the form of memos, reports, letters, and other documentation. And, of course, there is also a lot of digital communication such as email and direct messaging.

During a typical day you receive and send a variety of messages and other communication, sometimes using only a single method of communication but often using some combination of methods. The questions that follow ask you to select one or more methods that would be most effective for communicating specific kinds of information.

Use your communication skills to answer the following questions.

2) You need to announce two promotions. Which of these options would most likely be both efficient and effective? Check all that apply.

A. Announce the promotions using social media

B. Send an email to everyone in the unit

C. Announce the promotions individually to your employees as you see them

D. Announce the promotions at a meeting

8 0
1 year ago
What is the total stockholders' equity based on the following data?
irakobra [83]

Answer:

you may do like it

put your numbers instead of these. :)

Explanation:

Total Stockholders' equity is common stock plus excess of issue price over par plus retained earnings

($900,000 + $375,000 + $50,000 = $1,325,000)

5 0
2 years ago
Terry Washington recently started a new firm in the financial services industry. Prior to starting his firm, he spent considerab
Mekhanik [1.2K]

Answer:

Industrial Analysis.

Explanation:

Terry Washington recently started a new firm in the financial services industry. Prior to starting his firm, he spent considerable time doing research on the profit potential of the industry. The research that Terry was doing is called <u>Industrial </u>analysis.

Industrial Analysis: It is an analysis or function conducted by the owner of business to understand the dynamics and workflow of any specific industry. It help to know the industrial environment to gain the competitve advantage and potential of the business in the industry. Later on the basis of Industrial analysis, SWOT analysis is conducted to know Strength, weakness, opportunity and threats of a company.

5 0
2 years ago
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