Nits first year of operations, pharoah company recognized $31,000 in service revenue, $6,900 of which was on account and still outstanding at year-end. the remaining $24,100 was received in cash from customers. the company incurred operating expenses of $16,900. of these expenses, $13,770 were paid in cash; $3,130 was still owed on account at year-end. in addition, pharoah prepaid $3,200 for insurance coverage that would not be used until the second year of operations.(a) calculate the first year's net earnings under the cash basis of accounting, and the first year's net earnings under the accrual basis of accounting.
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Business, 21.06.2019 22:30
Chip wilson has hired goldman sachs, an investment banking company, to assist him with a hostile takeover of lululemon. wilson's goal is to hire a new board of directors because he believes there is a need for a more long-term focus. goldman sachs is a proven firm at making a profit in every move that they make. if the hostile takeover does not pan out, what could be another motive for investors?
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Business, 22.06.2019 01:50
Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship
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Business, 22.06.2019 14:20
Anew 2-lane road is needed in a part of town that is growing. at some point the road will need 4 lanes to handle the anticipated traffic. if the city's optimistic estimate of growth is used, the expansion will be needed in 4 years and has a probability of happening of 40%. for the most likely and pessimistic estimates, the expansion will be needed in 8 and 15 years respectively. the probability of the pessimistic estimate happening is 20%. the expansion will cost $ 4.2 million and the interest rate is 8%. what is the expected pw the expansion will cost?
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Business, 22.06.2019 17:30
Alinguist had a gross income of 53,350 last year. if 17.9% of his income got witheld for federal income tax, how much of the linguist's pay got witheld for federal income tax last year?
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Nits first year of operations, pharoah company recognized $31,000 in service revenue, $6,900 of whic...
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