Should report revenue of what under the cash basis

Assignment Help Chemistry

Reference no: EM13259556

Greg Corp. reportedrevenue of $1,100,000 in its accural basis income statement for the year ending June 30, 2007. Addtional information was asfollowed:

accounts receivables june 30, 2006 $350,000
accounts receivables june 30, 2007 $530,000
uncollectable accounts written off during the fiscal year$13,000
under the cash basis, gregg should report revenue of?

Reference no: EM13259556

Questions Cloud

What rate should the shop report : Like all lenders, Ricky must report an APR toconsumers. What rate should the shop report? What is the effective annual rate?

Explain what is the average atomic mass of the element : An element has 3 stable isotopes with natural abundances of 11%, 17%, and 72%. The masses of those isotopes are 19.9, 21.9, and 22.9 amu respectively. What is the average atomic mass of this element?

Case study sandy william : Sandy Williams, another customer,came in to have her camera evaluated for repairs and paid $25. She decided not to have the camera fixed when she learned that it would cost $175 to fix her camera.

State the concentration of a dye and concentration of bleach : The concentration of a dye and concentration of bleach (NaOH) was determined experimentally by using Beer's Law. The rate constant is unknown. How do you calculate the reaction rate based on the graph of the reaction and the 2 concentrations of th..

Should report revenue of what under the cash basis : Greg Corp. reportedrevenue of $1,100,000 in its accural basis income statement for the year ending June 30, 2007. Under the cash basis, gregg should report revenue of?

Find the downward force of the water on the bottom of beaker : A 34cm -tall, 6.0cm -diameter cylindrical beaker is filled to its brim with water. What is the downward force of the water on the bottom of the beaker

Choosing the same alternative : Your rich godfather has offered you a choice of one of the three following alternatives: $10,000 now; $2,000 a year for eight years; of $24,000 at the end of eight years. Assuming you could earn 11 percent annually, which alternative should you ch..

Compute the order of the reaction with respect : Calculate the order of the reaction with respect to reactant C, the reaction rate constant, the overall order of reaction, and write the rate law for the reaction.

What is the resulting kinetic energy of the electron : an x-ray photon with wavelength 15.0 pm is scattered at 84.0 degrees by an electron. What is the resulting kinetic energy of the electron

User Account

All Pages