1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex Ar [27]
3 years ago
15

Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from cus

tomers, $375,000; Cash paid for rent, $47,000; Cash paid to employees for services rendered during the year, $127,000; Cash paid for utilities, $57,000. In addition, you determine that customers owed the company $67,000 at the end of the year and no bad debts were anticipated. Also, the company owed the gas and electric company $2,700 at year-end, and the rent payment was for a two-year period. Calculate accrual net income for the year.
Business
1 answer:
olya-2409 [2.1K]3 years ago
4 0

Answer:

Net Income for the year            234.500

Explanation:

Income Cash collected 375.000  

Income Customer Owed 67.000  

   

Total Income                  442.000  

   

Expenses Employees 127.000  

                Utilities               57.000  

                Rent                          23.500 The effect on results of for 1 year was paid for 2 years in advance.  

   

Total Expenses          207.500  

   

Net Income                 234.500  

You might be interested in
___________ on the internet involves a push-pull dynamic: The firm that provides a product will push to get that product in fron
Slav-nsk [51]

Answer: Digital marketing

Explanation: Digital marketing is the element of research and administration of satisfying consumers’ needs and wants which uses digital technologies centered on online and internet to promote goods and services.

Push dynamic in digital marketing refers to a circumstance whereby a dealer promotes or pushes its commodity to obtain customers’ attention who probably wasn't looking for it while pull dynamic in marketing is the situation whereby the firm reaches customers that have already exhibited an interest in the commodity or message about it.

5 0
3 years ago
Why should project managers always make a plan (phase two) before executing and completing tasks (phase three)
Marat540 [252]

Project managers always make a plan before executing and completing tasks because the creation of budget and setting a schedule is important for the project.

<h3>What is a project?</h3>

It should be noted that a project is an activity that's engaged in to achieve a particular goal.

In this case, project managers always make a plan before executing and completing tasks because the creation of budget and setting a schedule is important for the project.

Learn more about projects on:

brainly.com/question/6500846

#SPJ1

5 0
2 years ago
The debt-to-equity ratio is: Multiple Choice calculated by dividing total liabilities by net worth. calculated by dividing month
Luba_88 [7]

The debt-to-equity ratio is calculated by dividing total liabilities by net worth.

<h3>What is the debt-to-equity ratio?</h3>

The debt-to-equity ratio is a financial ratio that is used to determine the credit worthiness of a business. It is determined by dividing the total debt by the total equity. The lower the ratio, the higher the credit worthiness of a business.

To learn more about financial ratios, please check: brainly.com/question/26092288

#SPJ1

4 0
2 years ago
What would be an appropriate way to calculate owner's equity for a bank?
m_a_m_a [10]
<span>The owners equity is the difference between the assets and liabilities of a company. To do this, one would add up all of their assets, including monetary, and add up all potential liabilities. The liabilities are then subtracted from the assets.</span>
8 0
4 years ago
With the increased usage of cell phone services, what should we expect to have happened to the price elasticity of demand for la
adell [148]

Answer:

It has become more price inelastic

Explanation:

Elasticity of demand for any good can be defined as degree of responsiveness of any good with respect to change in demand factors like price or income. Hence it signifies consumer sentiments as how will the goods demand change when there is change in price.

Highly elastic goods mean that with slight change in price there is large change in demand of good.

Highly inelastic goods mean any change in demand factor like income, price will not affect the demand of the goods.

Now going for landlines telephone. With the widespread use of mobiles phones, usage of landline phones has decreased significantly. Hence any change in price for landlines is not going to affect it demand as very few people are using it.

Using the above mentioned rational we can say that It has become more price inelastic is the most suitable answer.

8 0
3 years ago
Other questions:
  • George and Miguel are considering opening up a shoe store but first need to do market research. Which one of these is NOT part o
    12·2 answers
  • Financial managers of MNCs should learn how to manage foreign exchange and political risks using proper tools and instruments.
    15·1 answer
  • If an HR manager is reviewing a list of interview questions to ensure that they will accurately measure the employee characteris
    6·1 answer
  • Sam was recently promoted to the production manager of a busy shoe factory. he was chosen because prior to his promotion he had
    13·1 answer
  • Galt Industries has 50 million shares outstanding and a market capitalization of $1.25 billion. It also has $750 million in debt
    5·1 answer
  • Crossroad chooses to report a financial asset at its fair value. The asset trades in two different markets; however, neither mar
    6·1 answer
  • The five generic types of competitive strategies include
    11·1 answer
  • Lap Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a par
    13·1 answer
  • In the aftermath of a hurricane, an entrepreneur took a one-month leave of absence (without pay) from her $5,000 per month job i
    8·1 answer
  • Why is it better for countries to specialize in production of one good and trade with other countries?
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!