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aivan3 [116]
3 years ago
15

Newman Consulting Company maintains its records on a cash basis. During 2021 the following cash flows were recorded: cash receiv

ed for services rendered to clients, $420,000; and cash paid for salaries, utilities, and advertising, $240,000, $35,000, and $12,000, respectively. You also determine that customers owed the company $52,000 and $60,000 at the beginning and end of the year, respectively, and that the company owed the utility company $6,000 and $4,000 at the beginning and end of the year, respectively. Determine accrual net income for the year
Business
1 answer:
Rainbow [258]3 years ago
3 0

Answer: $143,000

Explanation:

Accrual Income for the year = Cash from clients + Closing receivable balance - Opening receivable balance - Salaries - (Utilities - Opening utilities owed + closing utilities owed) - Advertising

= 420,000 + 60,000 - 52,000 - 240,000 - (35,000 - 6,000 + 4,000) - 12,000

= $143,000

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When President Obama was president he had discussed raising income taxes for individuals earning over $250,000 in income. Explai
Allisa [31]

Answer:

A) Higher income taxes will cause a decrease in disposable income and this will affect personal expenditure which will cause the aggregate demand curve to shift leftwards ( decrease in price level and real GDP )

B)

i) Change in input price

ii) Change in production cost

iii) Increase in labor supply or increase in capital stocks

Explanation:

A) Effects of higher income taxes on aggregate demand curve

i) Higher income taxes will cause a decrease in disposable income and this will affect personal expenditure which will cause the aggregate demand curve to shift leftwards ( decrease in price level and real GDP )

B) The factors that will cause the short-run aggregate supply curve to shift

a) Change in input price

b) Change in production cost

c) Increase in labor supply or increase in capital stocks

7 0
3 years ago
Suppose your principal objective is to maximize the selectivity of monochloroethane production relative to dichloroethane produc
Makovka662 [10]

We are given the series of chemical reactions:

Ethane is chlorinated in a continuous reactor:

C2H6 + Cl2 --> C2H5Cl + HCl

 

But some of the product monochloroethane becomes further chlorinated by an undesired side reaction:

C2H5Cl + Cl2 --> C2H4Cl2 + HCl 

 

So to avoid the product monochloroethane to be further chlorinated, there must be fast processing or fast conversion of ethane so that there would less time for further chlorination. Hence we must design the reactor for high conversion of ethane.

 

To make the process economical, there must be a downstream separation step that would separate the main product monochloroethane from the undesired product dichloroethane.

4 0
3 years ago
Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $30,000 to
postnew [5]

Answer:

A. $41,120.

Explanation:

Year    Description          Cash flow           Present [email protected]%

0       Equipment cost      ($30,000)                    ($30,000)

1-4      Additional CF           $24,000                    $69,929.10

4        Residual value            $2,000                       $1,184.16

Present value total                                                 $41,113.26

Based on the above calculation, the answer shall be A. $41,120.

8 0
4 years ago
What is 450x12 PLZ HELP ME I NEED HELP
bulgar [2K]

Answer:

5400

quick and easy  thank u

6 0
2 years ago
if you followed the suggestions of robert m. mcmath, which of these provides the best advice for a marketer for colgate, when la
dimaraw [331]

Robert M. McMath, would be best  for a marketer like Colgate to launch a new consumer product like toothpaste Study past toothpaste product failures and learn from them.

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A product launch involves multiple teams, including  sales teams, customer support teams, product teams, product marketing, event management, and even managers. Each team aligns and collaborates to maximize go-to-market potential, building anticipation, interest, brand awareness and momentum in the process. Some product launches are more memorable and successful than others. For example, when Apple releases a new iPhone, it circulates several press releases and articles before unveiling the new design at its annual conference. This creates so much excitement and hype that potential users line up at retail outlets overnight to get their hands on the device.

To learn more about Product launching
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5 0
1 year ago
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