User Account

All Pages

What was the company accrual basis net income for the month

Assignment Help Accounting Basics
Reference no: EM132718035

Question: During the month of March 2017, Weimar World, a tax-preparation service, had the following transactions.

Billed $496,000 in revenues on credit

Received $164,000 from customers' accounts receivable

Incurred expenses of $194,000 but only paid $87,700 cash for these expenses

Prepaid $32,220 for computer services to be used next month

What was the company's accrual basis net income for the month?

Reference no: EM132718035

Questions Cloud

What is additional cost per pound of Central Glass Company : Considering only inventory financing costs, what is the additional cost per pound of Central Glass Company's bid if the annual cost of money is 8%
Describe the programming features : Describe the programming features available in R, explain how they are useful in analyzing big datasets.
Sex or religion or other group characteristic : Do you think that it is ever justifiable to treat people differently on the basis of their race or sex or religion or other group characteristic?
Describe your expectations on finding law : Describe your expectations on finding law from anywhere in the world by use of the internet.
What was the company accrual basis net income for the month : During the month of March 2017, Weimar World, a tax-preparation service, had the following transactions. What was the company's accrual basis net income.
Information governance reference model diagram : In order to interpret the Information Governance Reference Model (IGRM) diagram. It is recommended that we start from the outside of the diagram.
Give the adjusting entry necessary at december : Give the adjusting (Journal) entry necessary at December 31, Year 1 (if any), regarding this bond issue. What is the amount of cash paid to bondholders
Prepare the entries using given information : Arbusto Oil Company acquired a lease on October 15, 2005 for $200,000 cash. No drilling was done on the lease during the first year. Since Arbusto wixhed.
How could the portfolio be made delta : Second traded option with gamma of 0.8, vega of 1.2 and delta of 0.5. How could the portfolio be made delta, gamma, and vega neutral?

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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