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Net Income ____ cash because corporations must use the ____ accounting method which means revenue can include ___ and expenses can include ______.
a. is; cash basis; accounts receivable; prepaid expenses
b. is not; cash basis; cash sales; cash payments
c. is; accrual; notes payable; pro-rated revenue
d. is not; accrual; accounts receivable; unpaid expenses
D. has $750 in cash, $2000 in savings account, $34,300 in stocks, $5,500 in bonds, and owns a car worth $15,500. She had $1,500 in credit card payments and an education loan of $24,000 of which $2,700 is due during the current year. What is a D. tota..
How does the earnings test affect Social Security benefits? How are worker’s compensation rates influenced? How are Social Security, WC and UC financed?
your company is thinking about acquiring another corporation. you have two choicesmdashthe cost of each choice is
1- Identify your company's mission, vision, objectives, and posted strategies. You may need to consult outside resources, so be sure to keep a list of complete details for all sources you use.
A 10-year bond with semi-annual coupons is bought at a discount to yield 9% convertible semi-annually. If the amount for accumulation of discount in the next-to-last coupon (which was denoted by P19) is $8, find the total amount for accumulation of d..
The flow of funds through a firm would be as follows:
what are the components of gross national product gnp? how does it understate aggregate production in third world
Phillips Equipment has 75,000 bonds outstanding that are selling at par. Bonds with similar characteristics are yielding 7.5 percent. The company also has 750,000 shares of 6 percent preferred stock and 2.5 million shares of common stock outstanding...
Giant Enterprises’ stock has a required return of 14.8%. The company, which plans to pay a dividend of $2.60 per share in the coming year, anticipates that its future dividends will increase at an annual rate consistent with that experienced over the..
When the Genesis Energy and Sensible Essential teams held their weekly meeting, the time value of money and its applicability yielded an extremely stimulating discussion.
Patricia Zell, a dollmaker is interested in the mass marketing and production of a ceramic doll. The initial investment required for plan and equipment is $25,000. Labor and material costs are $10 per doll. If the dolls can be sold for $50 each, what..
Midwest Packaging's ROE last year was only 5%; but its management has developed a new operating plan that calls for a debt-to-assets ratio of 45%, which will result in annual interest charges of $238,000. The firm has no plans to use preferred stock...
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