Jorge company had the following transactions during 2017. • sales of $4,500 on account • collected $2,000 for services to be performed in 2018 • paid $1,325 cash in salaries • purchased airline tickets for $250 in december for a trip to take place in 2018 what is jorge’s 2017 net income using cash-basis accounting

Ne Income 425

Explanation:

Revenue                 2000

Salaries                  1325

Travel expenses   250

Net Income           425

The cash basis is a method of recording accounting transactions for revenue and expenses only when the corresponding cash is received or payments are made

typically a loft will include modern kitchen and bathrooms, this increases the price tag. lofts also have a good amount of open space, this requires more heating and electricity. lofts are also in older buildings, this means that maintaining the location increases the bill. keep in mind this is without talking about the high state and property taxes.

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in terms of experimental research, mcdonald’s charging different prices in the two cities relates to