Answer:
a. $33,000
b. $36,000
Explanation:
The computation is shown below:
a. Cash basis net income
= Collection from customers - expenses paid
= $105,000 - $72,000
= $33,000
b. Accrual basis net income
= Service performed - expenses incurred
where,
Service performed is
= $105,000 - $25,000 + $40,000
= $120,000
And, the expenses incurred is
= $72,000 - $30,000 + $42,000
= $84,000
So, the net income under accrual basis is
= $120,000 - $84,000
= $36,000
They could end up financing them too much and need to borrow more money from China (we are very much in debt right now) nd then we would have more to pay
Answer:
False Statement
Explanation:
Saving accounts pay interest on the money you deposit.
Answer:
4. 6875 is the answer I hope dis help
Answer:
The correct answer is option B.
Explanation:
In a perfectly competitive market, there is a large number of sellers selling homogenous products. Because of a large number of firms selling identical products, no single firm can affect the price and output level in the market.
All the firms are price takers and face a horizontal line demand curve. There is no restriction on the entry and exit of firms in the market. That is why firms earn zero economic profits in the long run.