Accrued Net Income will be calculated as below:
Sales $72800
Less Expenses $20400
Cash Income $52400
Less: Depreciation $4900
Add: Accounts Receivable Inc $4500
Less: Reduction in Prepaid Exp $1900
Add: Reduction in Acc Liab $1700
Accrued Income $51800
Depreciation will be reduced as its an expense and all expenses will be reduced.
Increase in Accounts Recievables indicate there have been sales which have not been paid for yet, thus sales will increase and this needs to be added
Reduction in Prepaid Expenses refer to expenses being paid off earlier but now need to be recognised, thus these need to be added to expenses
Reduction in accrued liabilitites indicate that expenses of previous period have been paid off now thus those need to be reduced from cash expenses.
Answer:
C. planning; marketing plan
Explanation:
A marketing process is the establishment of goals for a marketing campaign. <em>During the planning phase, you'll need to set your target customers and how to approach them, this will lead to specific and measurable goals to direct your next actions.</em>
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Answer:
$22.50 per unit
Explanation:
Mark -up is the percentage of cost that is earned as profit.
Using mark-up,
Selling price = Total cost + total profit
Total cot = Fixed cost + variable cost
Total costs = $400,000 + (10× 50,000)
= $900,000
Sales revenue = 125%× 900,000
= 1,125,000
Selling price per unit = Sales revenue/units
=1,125,000/50,000
= $22.50 per unit
The type of insurance money that Malik has received indicates life insurance and the correct option is D.
<h3>What is life insurance?</h3>
Life insurance is an agreement wherein a policyholder will pay everyday premiums in alternate for a lump-sum demise benefit that can be paid to the policyholder's beneficiaries. The lump-sum gain is paid while the policyholder passes away or a selected amount of time has passed.
Hence, The type of insurance money that Malik has received indicates life insurance and the correct option is D.
learn more about life insurance here:
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Answer:accrual basis
Explanation: the need the truth on the accounting princess so it has to be to accrual basis
