Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $375,000; cash paid for rent, $47,000; cash paid to employees for services rendered during the year, $127,000; cash paid for utilities, $57,000. in addition, you determine that customers owed the company $67,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,700 at year-end, and the rent payment was for a two-year period. calculate accrual net income for the year.

Which statement is true of both presidential and parliamentary systems of government? a. the executive branch operates independently from the legislative branch. b. the members of the legislative branch are directly elected by the people. c. the head of government is chosen by members of his or her political party. d. the head of government is directly elected by the people

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out

Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false