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Varvara68 [4.7K]
2 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]2 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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Suppose a coalition of students from Lincoln High School succeeds in persuading the local government to impose a price ceiling o
kiruha [24]

Answer: Hi your question is incomplete attached below are the missing details

answer :

A) 16 used DVDs

B) i) $18

   ii) $6

   iii) $8

Explanation:

<u>A) Determine the weekly shortage of used DVDs due to ceiling price = $11</u>

shortage = Quantity demanded ( H ) - Quantity supplied ( F )

at ceiling price of $11 ; quantity demanded = 20 , Quantity supplied = 4

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B) i) <em>New consumer surplus = ADLK </em>

ADLK = ∠ ABK + BKLD

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DLE = 1/2 * 4 * ( 11-8 )

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2 years ago
Tri Fecta, a partnership, had revenues of $364,000 in its first year of operations. The partnership has not collected on $46,700
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3 years ago
A municipal issuer official has lost her re-election campaign and has just left elected office. She is soliciting political cont
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Rule G-37 is a way to ensure that Municipal Issuers are not unduly influenced by those who donated to their campaigns to get into a position to become Municipal Issuers.

It prohibites for 2 years, Municipal Finance Professionals (MFP) amongst others from engaging in municipal securities business with a Municipal issuer.

An exception however, is that if the MFP is entitled to a vote for the Official in question, they can donate no more than $250 per election.

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An industry has 5 firms. Firm A has 30% of the market, Firm B and Firm C each have 25% of the market, Firm D has 15% of the mark
stiks02 [169]

Answer:

2400

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