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Fed [463]
3 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]3 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.

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According to a recent survey by American Banker, the average amount owed by a household in the United States is $71,500. The 99%
Alla [95]

Answer:

Lower bound is $3024

Upper bound is $3862

Mean(U) = $3443

Sample (n) = 100

Explanation:

9.63 According to USA TODAY research, the average personal debt (such as loans on cars, credit cards, and so forth) per household in the United States was $17,989 in 2004 (USA TODAY October 4, 2004). A recent random sample of 75 households from New Hampshire yielded a mean personal debt of $16,450 with a standard deviation of $4650. Using the 2% significance level, can you conclude that the current nean personal debt for all households in New Hampshire is different from $17,989? Use both the p-value approach and the critical-value approach.

5 0
3 years ago
Describe how you learn and adjust when an experience does not turn out as expected.
yan [13]

The best way to learn and adjust to a bad experience is to learn from it and try again.

<h3>What is a Learning Experience?</h3>

This refers to the circumstance or event that occurs that teaches one a (painful) lesson that would give him a better idea of dealing with similar events.

Hence, we can see that when a person has a bad experience, it is important to take the lessons and apply it, so that it would not occur again.

Read more about learning experiences here:

brainly.com/question/24452126

#SPJ1

6 0
2 years ago
Which one of the following statements is correct? Both partnerships and corporations incur double taxation. Sole proprietorships
IgorC [24]

Answer:

sole proprietorships and partnerships are taxed in a similar fashion

Explanation:

A tax can be regarded as compulsory financial charge, it can also be regarded as other type of levy that is been imposed on a taxpayer by a governmental organization so that funds needed to fund government spending as well as various public expenditures can be generated. This applies to sole proprietorship which is regarded as , is a type of enterprise that is been owned as well as run by one person. Also applies to partnership which can be regarded as formal arrangement set up between two or more parties so they can manage and operate a particular business as well as sharing of its profits. It should be noted that sole proprietorships and partnerships are taxed in a similar fashion

4 0
3 years ago
You are a consultant specializing in estimating the costs after the employees learn how to do a job more efficiently by repetiti
Ivahew [28]

Answer:

$58,600

Explanation:

The computation of the total cost for producing the 400 units for the new product is shown below:

= Learning curve at 65% for producing 400 units × cost for produced first time

= 23.44 × $2,500

= $58,600

By multiplying the Learning curve at 65% for producing 400 units with the cost i.e produced first time so that the total cost could come and the same is to be considered

5 0
3 years ago
A risk assessment and business impact analysis (BIA) have been completed for a major proposed purchase and a new process for an
Kamila [148]

Answer:

C. Review of the risk assessment with executive management for final input.

Explanation:

The best approach to the information security manager would be to do a review of the risk assessment with executive management for final input.

Hence, it is necessary that the executive management be in support of the process, and has a clear understanding and is in agreement with the results considering the fact that risk management decisions can have a huge financial impact with major changes.

Also, since there is a disagreement between the information security manager and the business department manager because they have differing perspective to risk management, it is important that the review is done with the executive management team.

4 0
3 years ago
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