Answer:
correct option is a. $11,750
Explanation:
given data
Revenue recognized = $19,000
Accounts receivable = 3,000
Expenses incurred = 7,250
Accounts payable = 750
Supplies purchased = 1,800
solution
we get here net income that is express as here
Net Income = Revenue recognized - Expenses incurred .........................1
put here value and we will get net income
Net Income = $19000 - $7250
Net Income = $11750
so here correct option is a. $11,750
Answer:
This is an example of survey or marketing research.
Explanation:
For the movie studios to use tracking studies in which moviegoers are asked questions about their thoughts and opinion in a new movie, it is called survey. <em>Part of the aim could be for criticism of their works, revenue forecast, impact of the movie on the society or their thought on the theme of the movie. </em>
<u>Accounting </u>is recording, classifying, summarizing, and interpreting financial events and transactions in an organization to provide interested parties with needed financial information.
<h3>
What is the need for accounting?</h3>
Accounting is essential in the company because it allows you to track income and expenses, maintain statutory compliance, and offer quantitative financial information to investors, management, and the government for use in making business choices.
Therefore, <u>Accounting </u>is recording, classifying, summarizing, and interpreting financial events and transactions in an organization to provide interested parties with needed financial information.
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Answer:
Statement of Cash Flows
Cash from operating activities
Net Income $24,000
Adjustments to reconcile net income with
net cash flow from operating activities:
Depreciation 12,000
Increase in accounts receivable (10,000)
Decrease in inventory 16,000
Salaries payable increase <u> 1,000 $19,000</u>
Net cash flow : Operating activities $43,000
Answer:
6%
Explanation:
Given the following :
Amount of bond issued = $10,000,000
Cash paid = $300,000
Term of bond = 10years
Semiannual interest pay
The stated annual rate of interest on the bond can be calculated thus :
Rate of interest ;
Cash paid / Amount of bond issued
$300,000 / $10,000,000
= 0.03
0.03 * 100%
= 3% (semiannual interest)
Therefore, annual rate of interest :
Semiannual rate * 2
3% * 2 = 6%
