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dezoksy [38]
1 year ago
8

Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from cus

tomers, $340,000; Cash paid for rent, $40,000; Cash paid to employees for services rendered during the year, $120,000; Cash paid for utilities, $50,000. In addition, you determine that customers owed the company $60,000 at the end of the year and no bad debts were anticipated. Also, the company owed the gas and electric company $2,000 at year-end, and the rent payment was for a two-year period. Calculate accrual net income for the year.
Business
1 answer:
lukranit [14]1 year ago
7 0

Answer:

$208,000

Explanation:

Net income= Revenue -expenses

The first step is to calculate the total revenue

Total revenue= credit sales+cash collected from customers

= $60,000 + $340,000

= $400,000

The total expenses can be calculated as follows

= Rent expense + salaries expense + utilities expense

= (40,000/2)+$120,000 + ($50,000 + $2,000)

= $20,000 + $120,000 + $52,000

= $192,000

Therefore the accrual net income for the year can be calculated as follows

= $400,000 - $192,000

= $208,000

Hence the accural net income for the year is $208,000

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____________ negotiate with one another, buy and sell products and facilitate the change of ownership between buyer and seller i
Arada [10]

Answer:

Intermediaries

Explanation:

The reason is that the intermediaries are the ones that helps the suppliers and the buyers of the products to to move the product to the end customers. This intermediary is the part of distribution channels that helps in delivering the product to the end customers.

5 0
1 year ago
Geraldine was injured in a car accident, and the insurance company has offered her the choice of $25,000 per year for 15 years,
erma4kov [3.2K]

Answer:

Explanation:

Present value of annuity due = (1+interest rate)*Annuity[1-(1+interest rate)^ -time period]/rate

=(1+0.075)*25000*[1-(1.075)^-15]/0.075

=$25000*9.489153726  

=$237,228.84

7 0
1 year ago
If an automobile gets 24.5 miles to the gallon and the cost of gasoline is $2.75 a gallon, how much will it cost to drive 975 km
Ludmilka [50]
I<span>n order to know how much will it cost to drive 975 </span><span>km, we need first to know how many gallons it would take to drive 975 km. </span>First,<span> we need to convert kilometers to miles. 975 km would be equal to 605.84 miles (1 km = 0.62 miles). Since one gallon can be consumed up to 24.5 miles, we need to divide 605.84 miles by 24.5 miles to know how many gallons will be consumed travelling such distance. Dividing the two numbers, we can get 24.73 gallons. We know that </span>one-gallon<span> costs $2.75. Therefore, it would cost $68.01 ($2.75 x 24.73 gallons) to drive 975 kilometers.</span>
5 0
2 years ago
Microsoft presently pays no dividend. You anticipate Microsoft will pay an annual dividend of $0.60 per share two years from tod
Scorpion4ik [409]

Answer:

The value of this stock today should be $6.22

Explanation:

The company will start paying dividends 2 years from today that is at t=2. The dividends received 2 years from today can be denoted as D2. The constant growth model of DDM will be used to calculate the price of this stock at t=2 as the growth rate in dividends is constant forever.

The price at t=2 will then be discounted back to its present value today to calculate the price of this stock today.

The price of this stock at t=2 will be,

P2 = D2 * (1+g) / (r - g)

P2 = 0.6 * (1+0.04)  /  (0.12 - 0.04)

P2 = $7.8

The value of this stock today should be,

P0 = 7.8 / (1+0.12)^2

P0 = $6.218 ROUNDED OFF TO $6.22

7 0
1 year ago
Read 2 more answers
Darcy is a new manager in a large consulting firm. As one of her first tasks, she needs to set goals for her team. Her team is g
Soloha48 [4]

Complete Question:

Darcy is a new manager in a large consulting firm. As one of her first tasks, she needs to set goals for her team. Her team is global and the members operate on their own, serving a variety of client needs in different industries and market sectors. What method will Darcy likely choose to set goals?

A. Top-down.

B. Bottom-up.

C. Road mapping.

D. Focus groups.

Answer:

Bottom-Up method will Darcy likely choose to set goals

Explanation:

With the bottom up strategy, the team members build their own goals. When this is completed, it is up to you to merge all these tasks into a single group of targets.

When completed, you will have to merge these different goals into a single team set of targets. This can be a problem for any boss, as you may well understand.

Many forms of team members are well adapted for the bottom-up approach of setting goals. In particular team members who decide their own tasks, who understand the company's priorities and strategies and understand the role of the organisation in achieving these objectives.

4 0
2 years ago
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