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
Fed [463]
2 years ago
7

A company has the following accrual-basis balances at the end of its first year of operation: Un-earned consulting fees $ 2,000,

Consulting fees receivable 3,500, Consulting fee revenue 25,000. The company’s cash-basis consulting revenue is what amount?
A. $30,500.
B. $19,500.
C. $26,500.
D. $23,500.
Business
1 answer:
nlexa [21]2 years ago
7 0

Answer:  

D. $23,500.

Explanation:

Company’s cash-basis consulting revenue

= Consulting fee revenue - Consulting fees receivable  +  Unearned consulting fees

= $25,000 - $3,500 + $2,000

= $23,500

Therefore, The company’s cash-basis consulting revenue is $23,500.

You might be interested in
When money is acting as a store of value, it allows an individual toA. exchange goods for other goods and services in the econom
Ne4ueva [31]

Answer:

The answer is (B) transfer dollars, and therefore purchasing power, into the future.  

Explanation:

A store of value is best described as a function contained in an asset that allows it to be saved, retrieved, and traded in the future. Money provides this function, alongside other forms of assets such as bonds, gemstones, and precious metals. Other functions of money, include as a medium of exchange and a unit of account.  

5 0
3 years ago
Economic ordering quantity with safety stock (LO5) Diagnostic Supplies has expected sales of 84,100 units per year, carrying cos
disa [49]

Answer:c. Assume an additional 80 units of inventory will be required as safety stock. What will the new average inventory be? What will the new total carrying cost be?

Explanation:

3 0
2 years ago
Read 2 more answers
Which of the following is LEAST likely to provide a sustainable competitive advantage?Select one:a. creating an efficient supply
yawa3891 [41]

Answer:

The correct answer is d. lowering price.

Explanation:

Sustainable competitive advantages are company those abilities and traits that are difficult to duplicate or exceed; and provide a superior or favorable long term position over competitors.

Lowering price is good stratergy to compete with new competitors comming in the industry. However in long run you have to focus on building  processes that generate value for customers and both internal and external stake holders.

5 0
3 years ago
Business applications have moved from transaction processing and monitoring to other activities. Which of the following is NOT o
AVprozaik [17]

Answer: <em>Option (C) is correct.</em>

Explanation:

In the 21st century, business applications have come a long way. It has moved from transaction processing and monitoring to problem analysis, solution applications and other activities. Data monitoring isn't one of these activities. Since data monitoring specifically concentrates on ardently analyzing and evaluating data and also it's quality in order to make sure that it lies within the domain of the purpose.

5 0
3 years ago
Use the direct method to determine the net cash provided by operating activities.
shutvik [7]

In order to calculate cash flows we must before adding the net cash from investment and financing activities to determine the company's net cash rise or reduction for that time period, the cash outflows and inflows are deducted to determine the net cash flow from operational operations.

Operating activities' net cash flow: $337,500

$700,000 in earnings before income taxes.

Vendor payments in cash: (525,000)

Customer cash taken in: $1,500,000

<h3><u>How do you figure out the cash that operating activities provide?</u></h3>

Flow of Cash from Operations

Net Income plus Non-Cash Items plus Changes in Working Capital equals Cash Flow from Operations.

  • Step 1: Take the net income from the income statement to begin calculating operational cash flow.
  • Add back all non-cash items in step two.
  • Adjust for variations in working capital in step three.

To Learn more about Statement of Cash flows, click the links,

brainly.com/question/27454259

#SPJ4

3 0
1 year ago
Other questions:
  • How might a technology company like apple ensure that it behaves in a socially responsible way toward its customers? by protecti
    11·2 answers
  • When can ScreenTips be useful?
    6·1 answer
  • An ineffective market is one in which prices do not reflect all available information, so forward exchange rates will not be the
    5·1 answer
  • The _____ section of a business plan should include ownership details.
    15·1 answer
  • agricultural workers and industrial laborers were almost the same number a) during 1850 b) during 1880 c) during 1890 d) during
    9·1 answer
  • On its advertisement, a company claims that it has funds in its possession that are, in fact, not available for the payment of l
    7·1 answer
  • Two firms compete by advertising. Given the payoff matrix to this advertising​ game, identify each​ firm's best response to its​
    9·1 answer
  • Which of the following is an example of an adjusting entry
    11·1 answer
  • Y3K Inc has sales of 5783 total assets of 2604 and a debt equity ratio of .75. If its return on equity is 11 percent what is its
    15·1 answer
  • An increase in the price of a product will reduce the quantity demanded for that product because:________
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!