subject
Business, 15.02.2021 19:50 daijahamaker062816

Blossom Industries collected $105,000 from customers in 2019. Of the amount collected, $24,600 was for services performed in 2018. In addition, Blossom performed services worth $40,100 in 2019, which will not be collected until 2020. Blossom Industries also paid $72,200 for expenses in 2019. Of the amount paid, $29,800 was for expenses incurred on account in 2018. In addition, Blossom incurred $43,000 of expenses in 2019, which will not be paid until 2020.(a) Compute 2019 cash-basis net income. Cash-basis net income (b) Compute 2019 accrual basis net income Accrual-basis net incomes

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 11:00
Which ranks these careers that employers are most likely to hire from the least to the greatest?
Answers: 2
question
Business, 22.06.2019 11:30
Mark knopf is an auditor who has been asked to provide an audit and financial statement certification for a company that is going public on the new york stock exchange. knopf wants to know his personal liability if the company provides him with inaccurate or false information. which of the following sources of law will him answer that question? a. the city ordinances where the company headquarters is located. b. the state constitution of the state where the company is incorporated. c. code of federal regulations. d. all of the above
Answers: 1
question
Business, 22.06.2019 20:50
Lead time for one of your fastest-moving products is 20 days. demand during this period averages 90 units per day.a) what would be an appropriate reorder point? ) how does your answer change if demand during lead time doubles? ) how does your answer change if demand during lead time drops in half?
Answers: 1
question
Business, 22.06.2019 22:30
Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.
Answers: 1
You know the right answer?
Blossom Industries collected $105,000 from customers in 2019. Of the amount collected, $24,600 was f...
Questions
question
World Languages, 09.10.2019 13:30
question
Mathematics, 09.10.2019 13:30
question
Computers and Technology, 09.10.2019 13:30
question
Computers and Technology, 09.10.2019 13:30