Answer:
<u><em>C. Keep their expenses below their income</em></u>
Explanation:
Passing the GED tests can result in a credential that's commonly considered equivalent to a high school diploma
Answer:
$235,000
Explanation:
Under the accrual accounting system, expenses are recognized in the period incurred and not necessarily in the period cash is paid.
Revenue is also recognized in the period earned and not necessarily when cash is collected.
Total revenue in 2018 = $200,000 + $150,000
= $350,000
Net income is the difference between the revenue and expense
Net income in 2018 = $350,000 - $115,000
= $235,000
Answer:
$132,400
Explanation:
Calculation for the Insurance expense
Using this formula
Insurance expense= 2017 Ending Balance in prepaid insurance account+ Amount paid for insurance-2018 Ending Balance in prepaid insurance account
Let plug in the formula
Insurance expense=$68,400+$106,000-$42,000
Insurance expense=$132,400
Therefore the Insurance expense recorded 2018 would be $132,400
