subject
Business, 25.11.2019 21:31 kaoris2322

During the month of march 2017, weimar world, a tax-preparation service, had the following transactions.

billed $496,000 in revenues on credit

received $164,000 from customers’ accounts receivable

incurred expenses of $194,000 but only paid $87,700 cash for these expenses

prepaid $32,220 for computer services to be used next month what was the company’s accrual basis net income for the month?

what was the company’s accrual basis net income for the month?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 09:40
Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.
Answers: 2
question
Business, 23.06.2019 04:40
2. a computer equipment was acquired at the beginning of the year at a cost of $56,000 with an estimated residual value of $5,000, and an estimated useful life of five years. determine the second year’s depreciation expense using the straight-line method.
Answers: 3
question
Business, 23.06.2019 16:00
Which of the following statements is correct? a. the managers of established, stable companies sometimes attempt to get their state legislatures to remove rules that make it more difficult for raiders to succeed with hostile takeovers. b. hostile takeovers are most likely to occur when a firm's stock is selling below its intrinsic value as a result of poor management. c. stockholders in general would be better off if managers never disclosed favorable events and therefore caused the price of the firm's stock to sell at a price below its intrinsic value. d. the efficiency of the u.s. economy would probably be increased if hostile takeovers were absolutely forbidden. e. in general, it is more in bondholders' interests than stockholders' interests for a firm to shift its investment focus away from safe, stable investments and into risky investments, especially those that primarily involve research and development. icon key question 6 of 10 b multiple choice 01-060
Answers: 3
question
Business, 23.06.2019 20:30
Saks fifth avenue wants to learn about its consumers' attitudes toward on-line purchases. there are numerous studies that are available about consumers and on-line buying, but saks believes its customers might be different from the usual on-line consumer profile, so they decide to conduct their own study. if saks were to use the available data about consumer attitudes, it would be using data; however, if saks does its own study it would collect data.
Answers: 3
You know the right answer?
During the month of march 2017, weimar world, a tax-preparation service, had the following transacti...
Questions
question
Mathematics, 04.12.2019 04:31
question
Mathematics, 04.12.2019 04:31
question
Computers and Technology, 04.12.2019 04:31
Questions on the website: 13722360