Reference no: EM131220378
Top Notch Services was founded on January 2 and offers computer consulting and other technology- related services. During it first quarter of operations, the following events occurred:
a. In January, Top Notch provided and billed clients for $ 40,000 of consulting services. It was paid for these services in March.
b. In January, Top Notch collected $ 25,000 from clients for services provided during the month. c. In February, Top Notch provided and billed clients for $ 45,000 of consulting services. It collected $ 12,000 in the current month and the remaining amount in March.
d. In March, Top Notch collected $ 34,000 from clients for services provided during the month and billed clients for an additional $ 21,000 for services provided.
e. Top Notch pays employees at the end of each month for service provided. Monthly payroll was $ 12,000, $ 13,000, and $ 15,000 in January, February, and March, respectively.
f. Top Notch pays its utility bills at the end of each month. Utility bills totaled $ 800, $ 850, and $ 1,000 in January, February, and March, respectively.
g. Top Notch hired an independent contractor who provided $ 1,200 of services in February. The contractor was paid in March.
Determine Top Notch’s net income for each month from January through March under both the cash and the accrual bases of accounting. Explain any difference in total net income under cash versus accrual accounting for the three months.
|
Determine the cross correlation function
: The unit impulse response of a discrete linear filter is GIVEN - Determine the cross-correlation function between the input and output random sequences.
|
|
Motivational strategies and techniques
: Discussion responses should be on topic, original, and contribute to the quality of the discussion by making frequent informed references to lesson materials and Seminars. Respond in complete, well written sentences and paragraphs. Initial discuss..
|
|
Issues in cyber-crime affecting the criminal justice system
: 1,500 word paper in which you identify past, present, and future trends relating to high-tech crime in the relationship between the components of criminal justice system and the surrounding community. Identify and explain the following in your as..
|
|
Determining the price discrimination
: Movie theaters, airlines, and many other businesses like to charge customers different prices based on time of the day, age, and purchase dates. Why?
|
|
Net income under cash versus accrual accounting
: Top Notch Services was founded on January 2 and offers computer consulting and other technology- related services. During it first quarter of operations, the following events occurred: Determine Top Notch’s net income for each month from January thro..
|
|
Business or in another local business
: Bob Davies must decide whether to invest $100,000 in his own business or in another local business. Both investment projects have an expected life of five years. The cash flow of each is as follows:
|
|
Captain cook report as a liability for coupons
: Captain Cook Cereal includes one coupon in each package of Granola that it sells and offers a puzzle in exchange for $2.50 and 3 coupons. The puzzles cost Captain Cook $3.40 each. Experience indicates that 30% of the coupons eventually will be redeem..
|
|
Find the true-size view of plane wxyz using the rotation
: Draw a true-size view of oblique plane MNO using the rotation technique.
|
|
Derive an expression for the cross correlation function
: Derive an expression for the cross-correlation function of the two outputs- Derive an expression for the cross-spectral density of the two outputs.
|