Answer:
A. $302,000
Explanation:
The computation of the net income under accrual basis accounting is shown below:
= Billed in revenues on credit - incurred expenses
= $496,000 - $194,000
= $302,000
The prepaid expenses and the received amount would not be considered in the computation part. Hence, ignored it
Only revenues on credit and incurred expenses are considered in the computation part. No other item values would be taken.
The hygiene or personal care considerations that are important in the occupation include washing of hands, cleaning one's body, etc.
<h3>What is personal hygiene?</h3>
It should be noted that personal hygiene simply means the cleaning of body, washing hands, etc to keep one clean and prevent diseases.
In this case, the hygiene or personal care considerations that are important in the occupation include washing of hands, cleaning one's body, etc.
Learn more about hygiene on:
brainly.com/question/13562099
Answer:
The approximate expected appreciation rate on home equity (EAHE) is 40%
Explanation:
Loan to Value ratio is a term which determine the value of loan as compared to value of house. It is used to issue the loan amount on a property. The amount within the available limit is issued as a loan on the building.
Expected Appreciation rate = Area appreciation / Home Equity ratio
Expected Appreciation rate = Area appreciation / ( 100% - Loan to value ratio)
Expected Appreciation rate = 4% / ( 100% - 90% )
Expected Appreciation rate = 4% / 10%
Expected Appreciation rate = 40%
Answer:
$10,500
Explanation:
Wall Welding should record warranty expense based on experience with past claims (3% of total sales). So if total sales were $350,000 you multiply that by 3% = $10,500.
The $4,000 left in the estimated warranty payable account belongs to previous years and should not alter the current year calculations.