subject
Business, 15.02.2021 19:50 daijahamaker062816

Blossom Industries collected $105,000 from customers in 2019. Of the amount collected, $24,600 was for services performed in 2018. In addition, Blossom performed services worth $40,100 in 2019, which will not be collected until 2020. Blossom Industries also paid $72,200 for expenses in 2019. Of the amount paid, $29,800 was for expenses incurred on account in 2018. In addition, Blossom incurred $43,000 of expenses in 2019, which will not be paid until 2020.(a) Compute 2019 cash-basis net income. Cash-basis net income (b) Compute 2019 accrual basis net income Accrual-basis net incomes

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 12:50
Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.
Answers: 3
question
Business, 22.06.2019 15:30
The school cafeteria can make pizza for approximately $0.30 a slice. the cost of kitchen use and cafeteria staff runs about $200 per day. the pizza den nearby will deliver whole pizzas for $9.00 each. the cafeteria staff cuts the pizza into eight slices and serves them in the usual cafeteria line. with no cooking duties, the staff can be reduced by half, for a fixed cost of $75 per day. should the school cafeteria make or buy its pizzas?
Answers: 3
question
Business, 22.06.2019 18:00
Martha entered into a contract with terry, an art dealer. according to the contract, terry was to supply 18 th century artifacts to martha for the play she was directing, and martha was ready to pay $50,000 for this. another director needed the same artifacts and was ready to pay $60,000. terry decided not to sell the artifacts to martha. in this case, the court may order terry to:
Answers: 2
question
Business, 22.06.2019 22:50
Wendy made her career planning timeline in 2010. in what year should wendy's timeline start? a. 2013 o b. 2012 oc. 2010 o d. 2011
Answers: 2
You know the right answer?
Blossom Industries collected $105,000 from customers in 2019. Of the amount collected, $24,600 was f...
Questions
question
English, 30.10.2020 18:40
Questions on the website: 13722367