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
agasfer [191]
4 years ago
10

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

tomers, $295,000; Cash paid for rent, $31,000; Cash paid to employees for services rendered during the year, $111,000; Cash paid for utilities, $41,000. In addition, you determine that customers owed the company $51,000 at the end of the year and no bad debts were anticipated. Also, the company owed the gas and electric company $1,100 at year-end, and the rent payment was for a two-year period. Calculate accrual net income for the year.
Business
1 answer:
Fiesta28 [93]4 years ago
7 0

Answer:

Accrued net income is $161,900

Explanation:

The formula to compute accrued net income is shown below:

= Revenue - expenses

where,

Revenue = Cash collected from customers +  customers owed the company

              = $295,000 + $51,000

              = $346,000

And, the expenses equals to

= Cash paid for rent + Cash paid to employees for services rendered during the year +  Cash paid for utilities + gas and electric expenses at the end of a year

= $31,000 + $111,000 + $41,000 + $1,100

= $184,100

Now put these values to the above formula

So, the answer would be equal to

= $346,000 - $184,100

= $161,900

You might be interested in
Assume that Jimmy Cash has $2000 in his checking account at Folsom Bank and uses his checking account card to withdraw $200 of c
ad-work [718]

Answer:

It has no effect

Explanation:

M1 includes the currency and checking accounts. The bank account will decrease by 200 (cheking deposit) and increase currency by 200. So it will be the same as before the transactions.

The M1 money supply will not change as a result of this transaction.

In other words, M1 contains cash and near cash equivalent, this transaction do not increase or reduce these concepts.

8 0
3 years ago
An annuity Question 6 options:
Nady [450]

Answer:

is a level stream of equal payments through time.

true. The payments will  remain at the same levle for the entire period of the annuity until maturity.

Explanation:

is a debt instrument that pays no interest.

FALSE the annuity does provide interest  for each period when is prepared.

Has no value.  

FALSE the annuity can be saled in the secondary market pretty much anitime.

is a stream of payments that varies with current market interest.

FALSE the payment will be the same regardless of the interest rate.

5 0
3 years ago
Read 2 more answers
Honduras is a small economy in central america. it keeps a fixed exchange rate with the us. capital is perfectly mobile. you may
rosijanka [135]

Answer:

Given that Honduras is a small economy in Central America, and it keeps a fixed exchange rate with the US, and capital is perfectly mobile, but interest rates are three percent in the US and six percent in Honduras, the explanation of the difference in these interest rates are as follows:

Honduras has a higher interest rate, meaning that its sovereign bonds pay higher values than the American ones, as well as its banks also pay higher interests on their investments compared to American banks.

This is so for a double reason: on the one hand, because the Honduran economy is less reliable than the American economy, which is larger and therefore more solvent and capable of overcoming eventual crises, with which the risk of default is less.

On the other hand, the Honduran economy is more dependent on foreign investment, so it must offer higher interest rates to attract such investments.

5 0
3 years ago
Which type of market research data is Roland about to analyze? Roland works as a researcher for his manufacturing firm. He has c
lozanna [386]

Answer:

Roland works as a researcher for his manufacturing firm. He has conducted primary research to collect relevant market research data that will help his firm. He decided to use mathematical and statistical tools to analyze the data because the data is in nature.

Roland is about to analyze primary market research data.

Explanation:

Primary data are always in a state of nature.  Primary data are collected by Roland before analysis are from first-hand or primary sources.  For Roland to acquire the data, he must use primary research methods like surveys, interviews, or experiments. Because primary data are acquired with the research project in mind and directly from primary sources, they are contrasted with secondary data.  Secondary data were acquired by some other researchers and used in their analyses before being collected by another researcher as a basis for research continuation.

8 0
3 years ago
Isı yalıtımı mı daha sıcaktır ısı iletkeni mi?​
Alika [10]

Answer:

translate

Explanation:

6 0
3 years ago
Other questions:
  • Jeff and Ryan rent a house from Mike and Yolanda Reynolds. They are three months behind in their rent and neighbors have been co
    15·1 answer
  • Which of the following is an internal accounting report?
    13·1 answer
  • Karim Corp. requires a minimum $8,000 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% inter
    11·1 answer
  • A couple planning a vacation may choose a hotel that costs more but uses appealing advertisements showing people enjoying a hot
    11·1 answer
  • If your company had an annual purchase cost of items equal to $2,000,000, an annual holding cost of $150,000 and an annual order
    14·1 answer
  • Assume for Client X that inherent risk is assessed at 30%, control risk is assessed at 100%, audit risk is 5%, and detection ris
    10·1 answer
  • The sales-volume variance equals:
    14·2 answers
  • Which factor is least important when choosing a financial service provider?
    7·2 answers
  • According to the lecture, which of the following is INCORRECT?A. The U.S.-Canadian border was set by agreement at 49* N latitude
    14·1 answer
  • A colleague at work takes small amounts of office supplies for her own personal use, saying that this is a tiny loss to the comp
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!