1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kirill [66]
3 years ago
7

Orange Cable TV Company, an accrual basis taxpayer, allows its customers to pay by the year in advance ($500 per year), or two y

ears in advance ($950). In September 2017, the company collected the following amounts applicable to future services:October 2017-September 2019 services (two-year contracts) $144,000October 2017-September 2018 services (one-year contracts) 128,000Total $272,000As a result of the above, Orange Cable should report as gross income:a. $272,000 in 2017.b. $128,000 in 2017.c. $168,000 in 2018.d. $222,000 in 2018.e. None of these.
Business
1 answer:
Lisa [10]3 years ago
8 0

Answer:

D. $222,000 in 2018.

Explanation:

One-eighth (3/24) of the payments on the two-year contracts were earned (1/8 × $144,000 = $18,000) and one-fourth (1/4 × $128,000 = $32,000) of the payments on the one-year contracts were earned in 2017 and is included in 2017 gross income. The balance of the payments of $222,000 ($272,000 - $18,000 - $32,000) must be included in 2018 gross income.

You might be interested in
A European dairy that is famous for its rich ice creams has introduced basil-, tomato-, fennel-, and oregano-flavored ice creams
V125BC [204]

Answer:

The survey would have happened during the stage of idea screening

Explanation:

The idea screening process involves comparing and contrasting  potential new  products in order to determine which of the ideas are a perfect fit for the business giving its  current resources, strengths , opportunities ,threats or limitations of the business.

At this stage of product development,the over-aching aim is to pick the products could be best invested that yield positive in a short while rather picking all available options that might drain the resources available and not yield commensurate returns.

5 0
3 years ago
Read 2 more answers
The Electrocomp Corporation manufactures two electrical products: air conditioners and large fans. The assembly process for each
zzz [600]

Answer:

40 air conditioner and 60 fans yield a 1,900 dollar profit

Explanation:

Maximize: 26x_1+15x_2\\$Subject to:\\3x_1+ 2x_2 =240\\2x_1+x_2 =120

We apply this constrain on excel solver tool.

                     Wiring  Drilling    Profit per unit   Total Profit

AC  40 units 120  80            25                  1000

Fan 60 units 120  60            15                  <u> 900 </u>

  240        140  1900                 1,900

8 0
3 years ago
Which of the following securities could NOT have any benefits for diversification with your investment portfolio? a.Treasury bil
Lesechka [4]

Answer:

d.All of these choices would reduce risk for your portfolio and therefore show at least some benefit to diversification

Explanation:

Which of the following securities could NOT have any benefits for diversification with your investment portfolio? All of these choices would reduce risk for your portfolio and therefore show at least some benefit to diversification

4 0
3 years ago
a portfolio business that generates operating cash flows over and above internal requirements, thereby providing financial resou
aleksley [76]

A cash cow is a portfolio business that generates operating cash flows over and above internal requirements, thereby providing financial resources that may be used to <u>finance new acquisitions, fund share buyback programs, or pay dividends.</u>

What is portfolio?
A portfolio is a group of financial investments such as stocks, bonds, commodity markets, cash, and cash equivalents, which may include closed-end funds and exchange traded funds (ETFs). People commonly believe that stocks, securities, and cash form the foundation of a portfolio. While this is frequently the case, it does not have to be the rule. A portfolio may include a diverse range of assets, such as real estate, art, and investments.

You can hold and manage your portfolio a do, or you can have it managed by a money manager, money manager, or another finance professional.

Therefore, the correct option is (B) cash cow
To learn more about portfolio
brainly.com/question/25929259
#SPJ4

7 0
1 year ago
How we identify it’s a business?
Alekssandra [29.7K]

Answer:

when it involves two or more buyers buyers and sellers

3 0
3 years ago
Read 2 more answers
Other questions:
  • Unlike advertising, public relations Multiple Choice supports promotional efforts by generating free media attention and goodwil
    12·1 answer
  • What is a way to protect your social security number and other sensitive information from identity theft
    11·2 answers
  • By working in a series of positions with increasing responsibilities, the owner of Stonegate Gardens has built her interest in f
    5·2 answers
  • Jane Doe earns $58,800 per year and has applied for a(n) $99,000, 30-year mortgage at 9 percent interest, paid monthly. Property
    8·1 answer
  • Using ABC in a service company
    12·1 answer
  • You are considering adding a new security to your portfolio. To decide whether you should add the security, you need to know the
    8·1 answer
  • Norman Pilbarra submits a market order to buy 400 shares. What is the maximum price that he will pay?
    12·1 answer
  • Which of the following accounts would not be included in the Acquisition and Payment for Long-Lived Assets Cycle? a. Revenue. b.
    13·1 answer
  • Training is a skill learning process.​
    11·1 answer
  • When marginal cost is greater than marginal benefit at the current activity level, the decision maker can increase net benefit b
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!