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Varvara68 [4.7K]
3 years ago
8

Jorge Company had the following transactions during 2017. • Sales of $4,500 on account • Collected $2,000 for services to be per

formed in 2018 • Paid $1,325 cash in salaries • Purchased airline tickets for $250 in December for a trip to take place in 2018 What is Jorge’s 2017 net income using cash-basis accounting
Business
1 answer:
Dennis_Churaev [7]3 years ago
8 0

Answer:

Ne Income 425

Explanation:

Revenue                 2000

Salaries                  1325

Travel expenses   250

Net Income           425

The cash basis is a method of recording accounting transactions for revenue and expenses only when the corresponding cash is received or payments are made

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6. Global Exporters wants to raise $31.3 million to expand its business. To accomplish this, it plans to sell 15-year, $1,000 fa
kvv77 [185]

Answer:The minimum number of bonds it must sell to raise the money it needs will be 73,242 bonds

Explanation:

Number of bonds = Amount need to expand business / Bond price

But

Bond price = $1,000 / [1 + (0.0575 / 2)^(15 × 2)

Bond price = $1,000 / 1.02875 ^ 30

Bond price = $1,000 /2.340

Bond price = $427.350

Therefore the Number of bonds = $31, 300,000 / $427.350

Number of bonds= 73,242 bonds

The minimum number of bonds it must sell to raise the money it needs will be 73,242 bonds

8 0
3 years ago
What will increased budget surpluses do to the national debt
kodGreya [7K]
A budget surplus is what is left over or not spent from the previous budget; this leaves the government with extra money left from last fiscal years budget. In turn, it will subtract from the National debt, leaving us with less debt and showing that our money is being managed correctly.

I hope this helps! 
5 0
4 years ago
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The Garret family wants to take advantage of their state's _____ to pay for their child’s college tuition.
sattari [20]
I believe the answer would be CD
6 0
3 years ago
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Elaine serves as a consultant about human resource matters to various areas of the business at her company. She works closely wi
victus00 [196]

Answer:

The correct answer is letter "B": human resource manager.

Explanation:

Human Resource (HR) Managers are executives involved in all the processes of a company where it is needed to deal with employees and concerns. HR managers are the support of other businesses to implement strategies on how to administrate their labor force. HR managers are seen as the links between workers at all levels and high-rank executives.

7 0
3 years ago
When a T-shirt manufacturer states, "We sell it only in black because that way we can buy plenty of black fabric and run our pla
vampirchik [111]

<u>Full question:</u>

When a T-shirt manufacturer states, "We sell it only in black because that way we can buy plenty of black fabric and run our plant efficiently," its statement reflects the views that were popular in which era of the evolution of marketing?

A. Product-orientated

B. Sales-orientated

C. Value-orientated

D. Market-oriented

<u>Answer:</u>

statement reflects Product-orientated era of the evolution of marketing

<u>Explanation:</u>

A product orientation is described as the bearings of the company’s sole center on products solely. Therefore, a product-oriented company fixed in supreme effort on delivering a quality product and making them at the right rate so that customer distinguishes the company’s products and obtain it.

The chief benefit of a product-oriented approach is that you will eternally be reacting to what your clients desire, which can ease your company builds a lucrative recess in the business. The necessary tools of product orientation hold product analysis, product improvement, and product center.

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3 years ago
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