Answer:
a. $32,300
b. $32,900
Explanation:
The computation of given question is shown below:
a. Cash basis net income is
= Collection from customers - Paid expenses
= $104,000 - $71,700
= $32,300
b. Accrual-basis net income
= Service Performed - Incurred Expenses
where,
Service performed is
= $104,000 - $25,500 + $38,600
= $117,100
And, the expenses incurred is
= $71,700 - $30,400 + $42,900
= $84,200
So, the net income under accrual basis is
= $117,100 - $84,200
= $32,900
Answer:
a. It focuses on generating new revenue by offering new products and services.
Explanation:
An information system or technology can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products. Thus, an information system or technology interacts with its environment by receiving data in its raw forms and information in a usable format.
Information technology is an integral part of human life because individuals, organizations, and institutions rely on information technologies in order to perform their duties, functions or tasks and to manage their operations effectively. For example, all organizations make use of information systems for supply chain management, process financial accounts, manage their workforce, and as a marketing channels to reach their customers or potential customers.
Additionally, an information system comprises of five (5) main components;
1. Hardware.
2. Software.
3. Database.
4. Human resources.
5. Telecommunications.
Hence, in the context of using information technologies for a competitive advantage over rivals in the industry, the statement which is true of a top-line strategy is that, it focuses on generating new revenue by offering new products and services. The top-line strategy ensures that the company continues to generate gross revenue or sales.
I'm using examples to explain. Imagine you live in Korea and your job location is in Japan. In order to balance work and life, you will be flying back and forth to visit your family and to work. Not only will it be tiring, you are wasting a lot of time on travelling and also wasting money on transport. Find a location nearer to your home can have pros and cons but you will be able to rest earlier when you live near your job location. You wouldn't want to sleep in the train/bus/car/taxi/plane . You might prefer to sleep at home than in public places right?
The cost of everything and the problem of not knowing whether or not its going to succeed.
Answer: $25000
Explanation:
From the question, we are informed that Betty made a 20% profit on a residential lot she sold for $30,000. Let the cost price of the property be represented by x.
Therefore, (100% + 20%) of x = $30000. This means that 120% of x = $30000.
120% × x = $30000
1.2x = $30000
x = $30000/1.2
x = $25000
Therefore, the amount paid for the property is $25000