What amount of cash did wag collect

Assignment Help Accounting Basics
Reference no: EM13865666

Access the Wiki Art Gallery (WAG) instructional case in Connect and read the case in sufficient depth to answer the following. 

WAG reported $ 140,000 in total revenues in 2011. What amount of cash did WAG collect in 2011 from its customers (artwork buyers and artists)? 

a. $ 140,000. 

b. $ 78,400. 

c. $ 71,550. 

d. $ 61,650. 

Reference no: EM13865666

Questions Cloud

What key messages do you want to communicate : Who are your stakeholders, and what are their expectations of your organization and what key messages do you want to communicate?
Compute both basic and diluted earnings per share : Exercisable at the option price of $25 per share. Average market price in 2014, $30. Outstanding for all of 2014.60,000 shares. Compute both basic and diluted earnings per share.
Motivations to blow the whistle as discussed : who come forward under provisions of the Dodd-Frank Financial Reform Act? Respond to the question by considering the motivations to blow the whistle as discussed in this chapter
Describes case studies to test your code of ethics : Describe two different business situations as case studies to test your code of ethics. These case study situations can be ones that you have faced personally or have heard about, or they can be situations your classmates mentioned in their discus..
What amount of cash did wag collect : Access the Wiki Art Gallery (WAG) instructional case in Connect and read the case in sufficient depth to answer the following. WAG reported $ 140,000 in total revenues in 2011. What amount of cash did WAG collect in 2011 from its customers (artwork b..
Compare and contrast traditional propaganda : Compare and Contrast traditional propaganda
Could the finder legally keep the souvenir cup : What Nolan did not realize until he got home was that his cell phone had fallen out of his pocket and was also lying on the floor by his concert seat. Another concert goer found the souvenir cup and cell phone on the way out of the building. Could..
Who owns the shempland village apartment building : Who owns the "Shempland Village" apartment building? Who has a legal right to rents collected from tenants of "Shempland Village"? If someone is injured at "Shempland Village," who might be held liable as an owner of the property
Calculate the total estimated bad debts : Calculate the total estimated bad debts and prepare the year-end adjusting journal entry to record the bad debts.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd