Sussman co. prepared cash-basis financial statements for the month ended january 31. a summary of sussman's january activities follows: credit sales of $5,600. collections of $1,900 relating to january credit sales. accrued salaries of $1,200. by what amount will sussman's cash-basis income for the month ended january 31 increase as a result of restating these activities to the accrual basis of accounting?
Answers: 1
Business, 21.06.2019 14:50
Calvin works at a facility which processes apples. it costs the facility $0.68 to make either a jar of applesauce or a bottle of apple juice. due to the nature of the process and contractual agreements, calvin's facility must make and sell three jars of applesauce for every two bottles of apple juice. a jar of applesauce sells for $2.20, and a bottle of apple juice sells for $3.15. if the facility has annual overhead costs of $368,500, not including production costs, how many bottles of apple juice will the facility have sold when it breaks even every year? round to the nearest whole bottle, if necessary.
Answers: 3
Business, 22.06.2019 10:50
Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?
Answers: 3
Business, 22.06.2019 20:40
Which of the following would indicate an improvement in a company's financial position, holding other things constant? a. the inventory and total assets turnover ratios both decline.b. the debt ratio increases.c. the profit margin declines.d. the times-interest-earned ratio declines.e. the current and quick ratios both increase.
Answers: 3
Business, 22.06.2019 23:40
Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her competitors found themselves earning economic profits. if there is free entry and exit, what do you expect to happen to the number of suppliers in the industry and the price of jelly? the number of suppliers will increase, and the price of jelly will fall. the number of suppliers will decrease, and the price of jelly will increase. the number of suppliers will increase, and the price of jelly will increase. the number of suppliers will decrease, and the price of jelly will fall.
Answers: 3
Sussman co. prepared cash-basis financial statements for the month ended january 31. a summary of su...
Biology, 04.11.2019 05:31
Mathematics, 04.11.2019 05:31
Mathematics, 04.11.2019 05:31
Mathematics, 04.11.2019 05:31
Mathematics, 04.11.2019 05:31
Mathematics, 04.11.2019 05:31
Mathematics, 04.11.2019 05:31
Chemistry, 04.11.2019 05:31
Mathematics, 04.11.2019 05:31
Computers and Technology, 04.11.2019 05:31