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aivan3 [116]
2 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]2 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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In the product development process, _____ eliminates ideas that are inconsistent with an organization's new-product strategy or
Serggg [28]

Answer:

Screening

Explanation:

Screening is a process in product development that evaluates and compares ideas that are put together for a business.

Simply put, screening is the checking and analyzing of ideas about a new product to ensure that the best idea is utilized to ensure profit.

Screening is done because every idea suggested cannot be good enough or useful for an organization and as such have to be trimmed off or trashed entirely to enable one use the best approach from other ideas.

I hope this helps.

8 0
3 years ago
The existence of different age groups within a company's target markets is referred to as
PolarNik [594]

Answer:

multigenerationalism.

Explanation:

Multigenerationalism is the term used to describe Marketing to different generations.

Only a few products will appeal to all age groups. A company will develop a variety of products to attract diverse age groups.  A Single product firm or one with few products may differentiate its goods or services to appeal to a wider target. Multigenerationalism exists when a business has different age groups in its target market.

5 0
3 years ago
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6 0
3 years ago
Read 2 more answers
Montclair Company is considering a project that will require a $610,000 loan. It presently has total liabilities of $165,000 and
Leya [2.2K]

Answer:

32.35%  or 0.33

151.96%   or 1.52

The new borrowing would make the financing structure more risky since the amount of fixed interest payment would increase significantly

Explanation:

Current debt to equity ratio:

Debt to equity=debt amount/equity amount

Current debt  is $165,000

current equity is $675,000

equity =total assets-debt

debt to equity ratio=$165,000/($675,000-$165,000)=32.35%

If the $610,000 is borrowed ,the debt value would increase by $610,000

new debt value=$165,000+$610,000=$ 775,000.00  

New debt to equity ratio= $775,000.00/$510,000.00=151.96%

6 0
2 years ago
Loyal Pet Company expects to sell 7 comma 000 beefy dog treats in January and 5 comma 000 in February for $ 2.00 each. What will
marin [14]

Answer:

<u>January:</u>

Sales revenue= $14,000

<u>February:</u>

Sales revenue= $10,000

Explanation:

Giving the following information:

Sales:

January= 7,000 units

February= 5,000 units

Selling price= $2

The sales revenue reflected in the sales budget is the result of multiplying the number of units sold with the selling price.

January:

Sales revenue= 7,000*2= $14,000

February:

Sales revenue= 5,000*2= $10,000

3 0
3 years ago
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