Mcginnis construction is a cash-basis company with a fiscal year-end of june 30. mcginnis’ employees earn a normal weekly wage of $12,500 during a five-day work week. june 30 falls on a thursday for the current year. mcginnis also performed services of $40,900 during the last four days of june, but they are not paid in full until july 8. as a result of operations, there will be an of mcginnis’ net income for the most recent fiscal year of:

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket