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
Paul [167]
3 years ago
15

Jules & Associates had the following information available related to revenues and expenses for the current period: Services

provided for cash - $123,000 Services provided on account - $240,000 Expenses paid in cash - $140,000 Expenses incurred on account - $42,000 Assuming no subsequent collection or payment for revenues and expenses on account, what is Jules & Associates net income under both the cash and accrual basis of accounting?
Business
1 answer:
LiRa [457]3 years ago
5 0

Answer:

Net income in cash = -$17,000

Net income of accounting= $ 198,000

Explanation:

 $123,000 service provided for cash

-$140,000 Expenses paid in Cash

= -$17,000 Net income in cash

$240,000  Services provided on account

-$42,000  Expenses on account

=$198.000 Net Income of accounting

You might be interested in
Briefly explain one of the parts of henry clay's proposed american system, a comprehensive plan to bring about economic improvem
Ivanshal [37]
<span>One part of Henry Clay's proposed American system to bring about economic improvement included support for a high tariff, the intent of which was to protect American industries while also generating revenue for the federal government.</span>
3 0
3 years ago
A decrease in the wage rate of pizza makers will cause a movement from Point B on supply curve Upper S 2 to ______________.
xenn [34]

Answer:

D. supply curve Upper S 3

Explanation:

8 0
3 years ago
The paper is written, the next step is to __________. limit your topic and make the purpose of your paper clear use an acceptabl
JulijaS [17]

The next step to be approached after the paper is written is that an individual should limit their topic and that they should make a purpose of the paper as this is a method that is effective when planning and making an effective essay or topic.

3 0
3 years ago
Christina purchased 500 shares of stock at a price of $62.30 a share and sold the shares for $64.25 each. She also received $738
Gnesinka [82]

Answer:

1.60 percent

Explanation:

exact real rate of return on this investment = interest rate - inflation rate

total revenue gotten by Christina = ( 500 × $ 64.25) + $ 738 = $ 32863

total money invested = 500 × $ 62.30 = $ 31150

her profit =  $ 32863 - $ 31150  = $ 1713

interest =  $ 1713 / $ 31150 = 0.054992 × 100 = 5.4992 %

exact interest rate = 5.4992 %  - 3.9% = 1.5992 approx 1.60 percent

6 0
3 years ago
What are three causes and effects of the haymarket square riot
Ulleksa [173]
Effects:

increased anti-labour and anti-immigrant sentiment and suspicion of the international anarchist movement

Causes:

Haymarket Square turned into a riot after someone threw a bomb at police.
3 0
2 years ago
Other questions:
  • Originally, filters for Mr. Coffee electric-drip coffeemakers were sold through appliance and mass merchandise stores. If the co
    5·1 answer
  • The Woods Co. and the Mickelson Co. have both announced IPOs at $56 per share. One of these is undervalued by $8, and the other
    10·1 answer
  • An investment firm recommends that a client invest in bonds rated​ AAA, A, and B. The average yield on AAA bonds is 4​%, on A bo
    14·1 answer
  • If you watch television, you may have seen the ads that show a controlled crash of a car containing crash test dummies and the r
    6·2 answers
  • Self-directed teams will generally ______.
    11·2 answers
  • Rhett made his annual gambling trip to Uwin Casino. On this trip Rhett won $250 at the slots and $1.200 at poker. Also this year
    5·1 answer
  • A price searcher a. faces a horizontal demand curve. b. is a seller that searches for the best location to sell its product. c.
    7·1 answer
  • Assume that Jimmy Cash has $2000 in his checking account at Folsom Bank and uses his checking account card to withdraw $200 of c
    15·1 answer
  • Channing Corporation makes two products (A1 and B2) that require direct materials, direct labor, and overhead. The following dat
    13·1 answer
  • Panelli's is analyzing a project with an initial cost of $139,000 and cash inflows of $74,000 in Year 1 and $86,000 in Year 2. T
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!