User Account

All Pages

What is the accrual net income amount

Assignment Help Financial Accounting
Reference no: EM132856984

Question - A company managed to collect $290,000 in cash flow during a year. The company paid $30,000 rent, $110,000 as salary for the year. They paid $40,000 in utilities. The company had an A/R of 50,000 for the year, and the collectible rate is 100%. They had a $1,000 electricity bill for the year, and the rent they paid was for 2 years. What is the accrual net income amount?

Reference no: EM132856984

Questions Cloud

Why are the predicted values of a response variable : In a simple linear regression model, why are the predicted values of a response variable not necessarily the same as the observed values of a response variable?
Determine the operating income for that year : Watson Limited reported revenues of $430,000, ?cost of goods sold of $112,000, ?cost of goods manufactured of $105,000. Determine the operating income
Conduct a hypothesis to test the state of ct claim : The state of CT claims that the average time on death row is 15 years. A random survey of 75 death row inmates revealed that the average length of time
Expected difference in the amount spent by a man : Suppose, at a local movie theater, the amount of money that a man spends at the concession has an average of 18 dollars, and a standard deviation of 5.0 dollars
What is the accrual net income amount : The company paid $30,000 rent, $110,000 as salary for the year. They paid $40,000 in utilities. What is the accrual net income amount
Define the parameters of interest of study : Reconsider the data from the previous study about the effect of specialized prenatal care for women with gestational diabetes.
Explain the compliance requirements for the work area : Analyse information from a range of sources to identify current procedures, practices and compliance requirements in relation to environmental and resource
Compute depreciation expense on the equipment : Building, 40-year estimated useful life, $49,200 salvage value, $828,000 cost. Compute depreciation expense on the equipment for 2021
Define individual differences : Explain the meaning behind, "One major advantage of the RM-ANOVA is that the variance caused by individual differences is eliminated or removed" in the followin

Reviews

Write a Review

Financial Accounting Questions & Answers

  How are inventory losses disclosed on the income statement

Prepare the entry at 12/31/06 necessary to implement the lower-of-cost-or-market procedure assuming Smith uses a contra account for its balance sheet. How are inventory losses disclosed on the income statement?

  What is the total amount of product costs

For financial accounting purposes, what is the total amount of product costs incurred to make 17,250 units?

  How to compare the alternatives assuming a long-term average

You have just been notified. How to Compare the alternatives assuming a long-term average interest rate on any investments of 8%.

  What cash payment if any will the bank be required to pay

Forward-rate agreement with a bank, with the contract rate set at 7.50% per annum. What cash payment, if any, will the bank be required to pay Curzon Ltd ?

  Contractual liability claims such as trade accounts payable

Provide me answer in details for the following Corporate Taxation related course. “To what extent are the personal assets of a general partner, limited partner, or member of an LLC subject to (a) contractual liability claims such as trade accounts pa..

  Required under generally accepted auditing standards

Explain briefly (a) written representations, (b) internal control communications, and (c) management letters. In your answer, include the general content of the communication, the parties involved with the communication, the required form of the comm..

  Calculate the amount of interest that shall be

Calculate the amount of interest that shall be included in the costs of the new store project. Construction of Mia & Syad's Bakery's new store begin on 1 April

  Find what is the market value of the bond

A $1,000 par value 15-year bond pays 9%, If similar bonds are currently yielding 10% annually, what is the market value of the bond?

  How much is the adjusted capital of tala

P32,000 are to recognized. Baba is to invest sufficient cash for a one-third interest in the partnership. How much is the adjusted capital of Tala?

  Determine what account should client classify the apartment

You are an auditor at a public, In your opinion, as an auditor, what account should the client classify the apartment and housing / real estate complex be?

  Why do think tesla issued convertible bonds

In 2017 and 2019 Tesla issued convertible bonds. Why do you think Tesla issued convertible bonds instead of a different type of bond?

  Should country record on the bond retirement

Computation of loss and gain on retirement of bonds -  Country reacquired all of these bonds at 96 on June 30, 2007, and retired them. Ignoring income taxes, how much gain/loss should country record on the bond retirement?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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