Cash versus accrual accounting

Newman Consulting Company maintains its records on a cash basis. During 2011 the following cash flows were recorded: cash received from customers, $420,000; and cash paid for salaries, utilities, and advertising, $240,000, $35,000, and $12,000, respectively. You also determine that customers owed the company $52,000 and $60,000 at the beginning and end of the year, respectively, and that the company owed the utility company $6,000 and $4,000 at the beginning and end of the year, respectively. Determine accrual net income for the year.

Answers

Answer 1

Answer:

$143,000

Step-by-step explanation:

Newman consulting company maintains its record on its cash basis

The first step is to calculate the revenue

$420,000+($60,000-$52,000)

= $420,000+$8,000

= $428,000

The expenses can be can be calculated as follows

Utilities expenses = $35,000-($6,000-$4,000)

= $35,000-$2,000

= $33,000

Advertising expenses= $12,000

Salaries expenses= $240,000

Total expenses= $240,000+$12,000+$33,000

= $285,000

Therefore the accural net income for the year can be calculated as follows

= revenue - expenses

= $428,000-$285,000

= $143,000

Hence the accrual net income for the year is $143,000


Related Questions

whats 8+0 lol


njxzzzzzzzzzzzzzaK

Answers

Answer:

8

Step-by-step explanation:

(2t - 4)(3t + 3)
Find the product. Simplify for answer

Answers



(2t-4)(3t+3)
2t(3t+3)-4(3t+3)
6t^2+6t-12t-12
6t^2-6t-12

✽ - - - - - - - - - - - - - - - ~Hello There!~ - - - - - - - - - - - - - - - ✽

[tex](2t-4)(3t+3)[/tex]

[tex]= (2t + -4) (3t + 3)[/tex]

[tex]= (2t) (3t) + (2t) (3) + (-4) (3t) + (-4) (3)[/tex]

[tex]= 6t^2 + 6t - 12t - 12[/tex]

[tex]= 6t^2 - 6t - 12[/tex]

➶ Hope This Helps You!

➶ Good Luck (:

➶ Have A Great Day ^-^

↬ May ♡

What is the distance between 2 and 3 on the number line? Write the integer only. *

Answers

Answer:

  1

Step-by-step explanation:

The distance between any two numbers on the number line is their difference:

  3 - 2 = 1

_____

Any two consecutive integers have a distance between them of 1 on the number line.

define Standard form of a linear equation in ur own words

Answers

Standard form of a linear equation is an equation that shows the form a straight line. It has three constants which are A,B, and C. The two variables being X and Y.

Here is the linear equation.

Ax+By=C

6299 round to neaRest hundred

Answers

Answer:

6300

Step-by-step explanation:

plz give me a harder answer next time :)

please do 10 and 11
20 points!!!

Answers

Answer:

10. It will take 14 minutes for the balloon's elevation to change by -315 feet

11. mm I'm not sure but this answer was on Brainly before and they got 4 1/2 hours

Step-by-step explanation:

Hope this helps sorry I took long lol

A recipe for 1 batch of spice mix says, “Combine 3 teaspoons of mustard seeds, 5 teaspoons of chili powder, and 1 teaspoon of salt." How many batches are represented by the diagram? mustard seeds (tsp) chili powder (tsp) salt (tsp)​

Answers

you need to put a picture again

sorry i cant answer because it doesnt show diagram

2. A university dean is interested in determining the proportion of students who receive some sort of financial aid. Rather than examine the records for all students, the dean randomly selects 200 students and finds that 118 of them are receiving financial aid. If the dean wanted to estimate the proportion of all students receiving financial aid to within 3% with 99% reliability, how many students would need to be sampled?

Answers

Answer:

The number of students to be sampled is [tex]n = 1789 [/tex]

Step-by-step explanation:

From the question we are told that

  The margin of error is  E = 0.03

Generally the proportion of students that receive financial aid is mathematically represented as  

          [tex]\^ p = \frac{118 }{200}[/tex]

=>        [tex]\^ p = 0.59[/tex]

From the question we are told the confidence level is  99% , hence the level of significance is    

      [tex]\alpha = (100 - 95 ) \%[/tex]

=>   [tex]\alpha = 0.05[/tex]

Generally from the normal distribution table the critical value  of  [tex]\frac{\alpha }{2}[/tex] is  

   [tex]Z_{\frac{\alpha }{2} } =  2.58 [/tex]

Generally the sample size is mathematically represented as

     [tex]n = [\frac{Z_{\frac{\alpha }{2} }}{E} ]^2 * \^ p (1 - \^ p ) [/tex]

=>  [tex]n = [\frac{2.58}{0.03} ]^2 * 0.59(1 - 0.59) [/tex]

=>  [tex]n = 1789 [/tex]

Using the margin of error, it is found that 1033 students would need to be sampled.

In a sample with a number n of people surveyed with a probability of a success of [tex]\pi[/tex], and a confidence level of [tex]\alpha[/tex], we have the following confidence interval of proportions.

[tex]\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

In which

z is the z-score that has a p-value of [tex]\frac{1+\alpha}{2}[/tex].

The margin of error is of:

[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

The dean randomly selects 200 students and finds that 118 of them are receiving financial aid, hence, the estimate is:

[tex]\pi = \frac{118}{200} = 0.59[/tex]

99% confidence level

So [tex]\alpha = 0.99[/tex], z is the value of Z that has a p-value of [tex]\frac{1+0.99}{2} = 0.995[/tex], so [tex]z = 2.575[/tex].  

The sample size needed is n when M = 0.03, hence:

[tex]M = z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

[tex]0.03 = 1.96\sqrt{\frac{0.59(0.41)}{n}}[/tex]

[tex]0.03\sqrt{n} = 1.96\sqrt{0.59(0.41)}[/tex]

[tex]\sqrt{n} = \frac{1.96\sqrt{0.59(0.41)}}{0.03}[/tex]

[tex]\sqrt{n}^2 = \left(\frac{1.96\sqrt{0.59(0.41)}}{0.03}\right)^2[/tex]

[tex]n = 1032.5[/tex]

Rounding up, it is found that 1033 students would need to be sampled.

A similar problem is given at https://brainly.com/question/25420216

Which of the following coordinates exists on the line y = 2x - 4?
O A. (1,-2)
O B. (-1,2)
O C. (-3,-5)
O D. (2,-4)

Answers

the coordinate is (1,-2)

(1, -2) is the coordinates that exists on the line y = 2x - 4

What is an equation?

An equation is a mathematical statement that shows that two mathematical expressions are equal.

Given is an equation of a line, we need to find that on which of the given points it lies,

So, we will put the points one by one, the point which stratify the equation will be the answer.

The equation :- y = 2x-4

1) (1, -2)

Put x = 1, y = -2 in the equation,

2(1)-4

= 2-4 = -2

LHS = RHS

Since, point (1, -2) satisfy the equation therefore, the line will pass through it.

Hence, (1, -2) is the coordinates that exists on the line y = 2x - 4

Learn more about equations, click;

https://brainly.com/question/29657983

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The length of a rectangle is 3 inches more than it’s width. if the perimeter is 42 inches, find the dimensions of the rectangle

Answers

Answer:

Length = 9 in  Width = 12 in

Step-by-step explanation:

Length L = 3 + W

Perimeter P = 42 in

Perimeter = 2L + 2W

plugin values:

42 = 2(3 + W) + 2W

42 = 6 + 2W + 2W

42-6 = 4W

W = 36 / 4

W = 9  

solve L by substituting the value of W=9 into the equation:

L = 3 + W

L = 3 + 9

L = 12

therefore, the dimensions of the rectangle:

                Length = 9 in

                Width = 12 in

The dimensions for the rectangle are 12 in and 9 in if the length of a rectangle is 3 inches more than its width. if the perimeter is 42 inches.

What is rectangle?

It is defined as the two-dimensional geometry in which the angle between the adjacent sides are 90 degree. It is a type of quadrilateral.

It is defined as the area occupied by the rectangle in two-dimensional planner geometry.

The area of a rectangle can be calculated using the following formula:

Rectangle area = length x width

It is given that:

The length of a rectangle is 3 inches more than its width. if the perimeter is 42 inches.

Let l be the length and w  be the width of the rectangle.

Length l = 3 + w

Perimeter P = 42 in

Perimeter = 2l + 2w

42 = 2(3 + w) + 2w

w = 36/4

w = 9 in

solve for l by substituting the value of w = 9 into the equation:

l = 3 + w

l = 3 + 9

l = 12 in

Thus, the dimensions for the rectangle are 12 in and 9 in if the length of a rectangle is 3 inches more than its width. if the perimeter is 42 inches.

Learn more about the rectangle here:

https://brainly.com/question/15019502

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Find the number such that the sum of that number and 25 is 48

Answers

Answer:

x = 23

Step-by-step explanation:

x + 25 = 48

x = 23....

Answer:

23

Step-by-step explanation:

You subtract 25 from 48

48 - 25 = 23

The ages of three siblings are all consecutive integers. The sum of their ages is 39. How old is the youngest sibling?

could anyone explain this in a 2 part answer​

Answers

Answer:

Let x = the age of the youngest child

Let x + 1 = the age of the middle child

Let x + 2 = the age of the oldest child

x + x + 1 + x + 2 = 39

3x + 3 = 39

3x = 36

x = 12 years

What is the answer to -5x-10<20

Answers

Answer:

your answer is x< -2.... because 1st we have to take common between 5x and 10.

Determine the intercepts of the line
X-intercept: (__ , __)
Y-intercept: (__, __)

Answers

Answer:

x-int: (-1.2, 0)

y-int: (0, -0.7)

Step-by-step explanation:

The x-intercept is the x value when y = 0.

Another way to reword that is when the graph crosses the x-axis.

The y-intercept is the y value when x = 0.

Another way to reword that is when the graph crosses the y-axis.

According to the graph, when y = 0 and when the line crosses the x-axis, the x-value is -1.2. Therefore, our x-intercept is (-1.2, 0).

According to the graph, when x = 0 and when the line crosses the y-axis, the y-value is -0.7. Therefore, our x-intercept is (0, -0.7).

Bits are items of ________.
A. Biannual data
B. Bimodel data
C. Binary data
D. Binomial data

Answers

Answer:

C. Binary Data

Step-by-step explanation:

C) Binary Data

It’s just a binary digit

According to Siri every 5 inches of the map represents 3 miles of trails in the park how many inches on the map represents 9 miles on the park trails

Answers

Answer:

15 inches

Step-by-step explanation:

If 3 miles represents 5 inches and you want to know what represents 9 miles Just multiply 5*3 to get 15

Solve 2x+3y-z=-4
3x+2y+2z=14
x -3z=-13

Answers

Answer:

1. x = -3/2 y+ 1/2z - 2

2. x = -2/3y + -2/3z + 14/3

3. x = 3z - 13

Step-by-step explanation:

solve for x

what is the equation of the line that is parallel to the given line and passes through the point (2, 3)?​

Answers

Given problems:

    Line parallel that passes through (2,3);

Solution:

To solve this problem, we need to first understand what parallel lines are.

A parallel line is any two line that does not meet at any point.

In order to achieve this, both lines must have the same slope.

 So, we find the slope of the given line and write in the form for a straight line.

 Slope of line  = [tex]\frac{y_{2} - y_{1} }{x_{2} - x_{1} }[/tex]

      let   x₁, y₁ = (-2, -1)

              x₂, y₂ = (2 , -3)

Now input the parameters and solve for the slope;

            Slope of line = [tex]\frac{-3-(-1)}{2- (-1)}[/tex]   = [tex]\frac{-2}{3}[/tex]

Any line that would be parallel to this must have the same slope.

 Equation of a straight line;

                  y  = mx + c;

      y and x are the coordinates;

      m is the slope

      c is the y-axis intercept;

       From  (2, 3);

        y = 3 and x = 2; m = [tex]\frac{-2}{3}[/tex]

     3 = [tex]\frac{-2}{3}[/tex] x 2 + C

     3 = [tex]-\frac{4}{3}[/tex] + C

       C = [tex]\frac{13}{3}[/tex]

 So the equation of the line is;

               y = [tex]\frac{-2}{3} x[/tex]  + [tex]\frac{13}{3}[/tex]

 Multiply through by 3;

              3y = -2x + 13

The equation of the line is 3y = -2x + 13

   

             

Answer:

x + 2y = 8

Step-by-step explanation:

What would the phrase "three times the sum of a number and 4" look like as a
variable expression?
3x +4
O3(3x +4)
O3(x + 4)
3x -4

Answers

The 3rd one, 3(x + 4)

The value of the the expression:
50 times the sum of 64 and 36?

3,236

2,354

4,104

5,000

Answers

Answer:

5000

Step-by-step explanation:

Let's start by evaluating what we are given. 50 times the sum of 64 and 36. Ok, so 50 times which is the way to write x (multiply) and the sum of 64 and 36 is another way to write 64 + 36.

Lets put this together now!

50 x ( 64 + 36 ) = 50 x ( 100 )

                         = 5000

If a polynomial has four terms, 3x³ + 5x + 6x² + 10, which factoring method can be considered?

Answers

You can factor by grouping.

∠A and ∠ B ∠B are vertical angles. If m ∠ A = ( 5 x − 4 ) ∘ ∠A=(5x−4) ∘ and m ∠ B = ( 2 x − 1 ) ∘ ∠B=(2x−1) ∘ , then find the value of x.

Answers

Answer:

x=1

Step-by-step explanation:

vertical angles are equal

therefore a=b

5x-4=2x-1= 3x=3

x=1

Can someone please help. I'm offering a lot of points because this answer needs an explanation. Statement proof style would be helpful, but it's not totally needed

Answers

Answer:

See below

Step-by-step explanation:

Given∠A ≅ ∠B and CD⊥ABTo prove CD bisects ∠ACBSolution

As CD⊥AB, ∠BDC = ∠ADC = 90°

∠BDC ≅ ∠ADC

∠BCD = 180 - (∠BDC + ∠DBC)

and

∠ACD = 180 - (∠ADC + ∠DAC)

We can substitute ∠ADC with ∠BDC and ∠DAC with ∠DBC

Then we get same equation for ∠BCD and ∠ACD

Therefore ∠BCD = ∠ACD = 1/2∠ACB

It proves that CD bisects ∠ACB

Jason left home for school at 7:30 a.m. and arrived at school at 8:35 a.m. how long did​

Answers

The answer for this question will be 1hours 5 mins
Jason took 1 hour and 5 mins (or 65 mins) to travel from Home to School

A dog trainer is trying to find a triangular area behind his house that encloses 1800 square feet for his dog to run. He has the first two fence posts at (6, 0) and at (0, 25). The final fence post is on the property line at x = 30. Find the point where the trainer can place the final fence post.

Answers

Answer:

[tex]C = (30,500)[/tex]

Step-by-step explanation:

Given

[tex]Area = 1800ft^2[/tex]

[tex]A = (6,0)[/tex]

[tex]B = (0,25)[/tex]

[tex]C(x,y) = (30,y)[/tex]

Required

Determine the coordinates of C

The area of triangle is calculated as thus:

[tex]Area = \frac{|A_x(B_y - C_y) + B_x(C_y - A_y) + C_x(A_y - B_y)|}{2}[/tex]

This gives:

[tex]1800= \frac{|6(25 - y) + 0(y - 0) + 30(0 - 25)|}{2}[/tex]

[tex]1800= \frac{|6(25 - y) + 30(0- 25)|}{2}[/tex]

[tex]1800= \frac{|6(25 - y) + 30(-25)|}{2}[/tex]

[tex]1800= \frac{|150 - 6y -750 |}{2}[/tex]

[tex]1800= \frac{|150 -750- 6y |}{2}[/tex]

[tex]1800= \frac{|-600- 6y |}{2}[/tex]

Multiply through by 2

[tex]2 * 1800= |-600- 6y|[/tex]

[tex]3600= |-600- 6y|[/tex]

[tex]3600= |-(600+ 6y)|[/tex]

[tex]3600= 600+ 6y[/tex]

Solve for 6y

[tex]6y = 3600 - 600[/tex]

[tex]6y = 3000[/tex]

Solve for y

[tex]y = 3000/6[/tex]

[tex]y = 500[/tex]

Hence:

The point is:

[tex]C = (30,500)[/tex]

your thinking
2. A shipping box should weigh 1.0 pound. If
there is a 10% error on the weight, what is the
range of acceptable weight?

Answers

Answer:

.9 pounds to 1.1 pounds

Step-by-step explanation:

10% of 1.0 is .1, so it allows for a .1 addition or subtraction to the weight of the box

Answer:

the answer is 0.9-1.0

Step-by-step explanation:

the answer is that because my teacher gave me the answer

Heellllpppp plzzzzzzzzzzz

Answers

Answer:

3/32

Step-by-step explanation:

the reason it’s 3/32 is because you have to divide 3/4 divide by 8. So that means 3/4x1/8 and that gives you 3/32. I hope that helped you!

Eva is reading a book that is 400 pages.She has read 336 pages so far.What percentage of the book does she have left to read?

Plz tell me the answer I need helpp

Answers

Answer:

Eva has 16% of the book left to read

Step-by-step explanation:

Answer:

16%

Step-by-step explanation:

400-336=64

64÷400= 0.16

0.16x100=16

16% is your answer

Please answer this correctly I only have a little bit of time

Answers

Answer:

1.Commutative

2.Associative

3.Distributive

4.Double Negative

Step-by-step explanation:

Hope this helps! :)

Answer:

1.commutative2.associative3.distributive4.double negetive

2.1÷6 long division ​

Answers

Answer:

0.35

Step-by-step explanation

6 ) 2.1 (  0.35   <------- Quotient.

     18  

       30

       30

        ...

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