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2 years ago

Some say the office culture today has become "too nice" Which statement would

1 answer:

8 0

“Can you believe that the boys expect us to stay late and does not even ask?” would be condescending to the original statement.

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A company maintains its records using cash-basis accounting. During the year, the company received cash from customers, $32,000,

Virty [35]

Answer:

net income cash-basis 8,000

income accrual-basis 7,900

Explanation:

cash revenues 32,000

salaries expense (24,000)

net income cash-basis 8,000

sales for the period:

beginning AR + sales - collected = ending AR

3,000 + sales - 32,000 = 5,500

sales = 34,500

salaries expense:

beginning salaries payables + salaries - paid = ending salaries payable

3,100 + salaries - 24,000 = 5,700

salaries 26,600

revenues 34,500

salaries (26,600)

income accrual-basis 7,900

3 0

2 years ago

Read 2 more answers

If muffins and bagels are substitutes, a higher price for bagels would result in:

Alexandra [31]

Answer: a) increase in the demand for bagels

If muffins and bagels are substitutes, a higher price for bagels would result in a(n)

a) increase in the demand for bagels
b) increase in the demand for muffins
c) decrease in the demand for muffins
d) none of the above
b) increase in the demand for muffins

7 0

3 years ago

Refer to the given list of assets.

Cloud [144]

Answer:

a. Items 1,5,9 and 10

Explanation:

M1 refers to Money Supply which includes physical currencies, coins, demand deposits, amounts in checking accounts, liquid cash and other forms of cash that can be withdrawn immediately eg in ATM.

Items under M1 from the question are:

3. Currency (coins and paper money) in circulation

6. Checkable deposits

M2 refers to money supply that comprises of the items in M1 and also include other types of deposits eg Savings deposits, mutual funds by individuals, time deposits. Funds that even though cannot be readily converted to cash but can be withdrawn with more effort.

Items under M2 from the question are:

2. Non-checkable savings deposits

4. Small-denominated (under $100,000) time deposits

7. Money market deposit accounts

8. Money market mutual fund balances held by individuals

8 0

3 years ago

Mama's Pizza Shoppe borrowed $6,200 at 12% interest on May 1, 2021, with principal and interest due on October 31, 2022. The com

max2010maxim [7]

Explanation:

The adjusting entry is as follows

Accrued interest expense Dr $124

To Interest payable $124

(Being the accrued interest expense is recorded)

The computation is shown below:

= Borrowed amount × interest rate × given months ÷ total number of months in a year

= $6,200 × 12% × 2 months ÷ 12 months

= $124

3 0

2 years ago

Marko, Inc., is considering the purchase of ABC Co. Marko believes that ABC Co. can generate cash flows of $6,200, $11,200, and

Serggg [28]

Answer:

$27,965.4393

Explanation:

Given:

Cash flow for first year (C1) = $6,200

Cash flow for second year (C2) = 116,200

Cash flow for third year (C3) = $17,400

Rate of return = 10% = 10/100 = 0.1

Computation of total price :

Total Price = $\frac{C1}{(1+r)^1} +\frac{C2}{(1+r)^2} +\frac{C3}{(1+r)^3}$

$Total\ price = \frac{6,200}{(1+0.1)^1} +\frac{11,200}{(1+0.1)^2} +\frac{17,400}{(1+0.1)^3}\\\\Total\ price = \frac{6,200}{(1.1)^1} +\frac{11,200}{(1.1)^2} +\frac{17,400}{(1.1)^3}\\\\Total\ price = \frac{6,200}{(1.1)} +\frac{11,200}{(1.21)} +\frac{17,400}{(1.331)}\\\\Total\ price = 5,636.36364 + 9256.19835 +13,072.8775\\\\Total\ price = 27,965.4393\\\\$

Therefore, Marko Inc. will pay $27,965.4393

8 0

2 years ago