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marissa [1.9K]
3 years ago
15

Accrual income versus cash flow for a period. Thomas Book Sales, Inc., supplies textbooks to college and university bookstores.

The books are shipped with a proviso that they must be paid for within 30 days but can be returned for a full refund credit within 90 days. In 2018, Thomas shipped and billed book titles totaling $720,000. Collections, net of return credits, during the year totaled $651,637. The company spent $285,058 acquiring the books that it shipped. a. Using accrual accounting and the preceding values, show the firm's net profit for the past year. b. Using cash accounting and the preceding values, show the firm's net cash flow for the past year. C. Which of these statements is more useful to the financial manager? Why? a. Using accrual accounting and the preceding values, show the firm's net profit for the past year in the following table. (Round to the nearest dollar.) Accounting View (accrual basis) Thomas Book Sales, Inc. Income Statement for the Year Ended 12/31 Sales revenue Less: Costs Net profit ai at b. Usina cash accounting and the precedina values. show the firm's net cash flow for the past vear in the followina table. (Round to the nearest dollar.) ce Click to select your answer(s). Tools > ere to search
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Mathematics
1 answer:
agasfer [191]3 years ago
4 0

This is Q.a

I hope this helps

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Mr Ronaldo earns $54,800 annually. If he pays the government with an income tax rate of 9%, then how much will he pay in just in
Goryan [66]

The total income tax paid by Mr. Ronaldo is $4932

A fraction of 100 can be used to express a number or ratio as a percentage. Per 100 is what the word percentage signifies. To denote it, use the symbol "%".

The phrase "income tax" refers to a particular kind of tax that governments levy on money made by people and enterprises under their control.

Given data

Ronaldo earns annually = 54, 800

Tax paid to government = 9%

We have to find the income tax by him =?

Let us consider total income tax paid by Ronaldo = X

⇒ 54,800 x 9% = X

⇒ 54800 x 9/100 =X

⇒ 493200 / 100 =X

X = 4932

Therefore total tax paid by him is $4932

To learn more about Percentages visit

brainly.com/question/26080842

#SPJ9

5 0
1 year ago
Aria and her children went into a bakery and will buy donuts and brownies. She must buy at least 6 donuts and brownies altogethe
laila [671]

Answer:

Inequality for donuts and brownies is;

d ≥ 1 ≤ b

Step-by-step explanation:

We are told that aria will buy donuts and brownies.

We are also told that, number of donuts is d while number of brownies is b.

We are also told that she must by at least a total of 6 donuts and brownies together. Which means that the sum of d and b must not be 6 or greater than 6.

So the inequality will be;

d + b ≥ 6

Thus, for the donut and brownies, inequality would be; d ≥ 1 ≤ b

4 0
3 years ago
It is 76°f at the 6000-foot level of a mountain, and 49°f at the 12,000-foot level of the mountain. write a linear equation to f
valina [46]

Answer:

t(x) = 103 -0.0045x

Step-by-step explanation:

We are given the following in the question:

Let the equation:

t(x) = a + bx

be the linear equation that represent temperature at an elevation x.

Temperature at 6000-foot level = 76 f

76 = a + 6000b

Temperature at 12000-foot level = 49 f

49 = a + 12000b

Solving the two equation, we get,

76-49 = -6000b\\27=-6000b\\\\b = \dfrac{-27}{6000}\\\\b = -0.0045\\76 = a + (-0.0045)6000\\76 = a -27\\a = 76 + 27\\a  =103

Thus, we can write the linear equation as:

t(x) = 103 -0.0045x

5 0
3 years ago
in Joell's math class there are 8 girls and 17 boys. Based on this ratio how many students would be boys in the total school of
yan [13]
So the total number of students equals 8+17 = 25 students
Proportionally:
\frac{17}{25} =  \frac{x}{100}

Thus,
x =  \frac{17*100}{25} = 68 boys out of the 100 students.
4 0
3 years ago
Read 2 more answers
Answer please thanks
tiny-mole [99]
The area of this composite figure is 533 square inches.
The formula for a rectangle is lw, and the formula for the area of a triangle is 1/2bh. After plugging the values into these formulas, we have to add the values all together to get the final area.
3 0
3 years ago
Read 2 more answers
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