In its first year of operations, roma company reports the following: earned revenues of $45,000 ($37,000 cash received from customers). incurred expenses of $25,500 ($20,250 cash paid toward them). prepaid $6,750 cash for costs that will not be expensed until next year. compute the company’s first-year net income under both the cash basis and the accrual basis of accounting.

Torino company has 1,300 shares of $50 par value, 6.0% cumulative and nonparticipating preferred stock and 13,000 shares of $10 par value common stock outstanding. the company paid total cash dividends of $3,500 in its first year of operation. the cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?

Carlos hears juan and rita’s complaints about the new employees with whom they have to work with, as well as their threats to quit the company. if carlos were to reassign juan and rita to new, unique roles and separate them from the ronny and bill, it would signal that carlos has moved into the stage of managing resistance.