Rebel Technology maintains its records using cash-basis accounting. During the year, the company received cash from customers, $50,000,

Question

Rebel Technology maintains its records using cash-basis accounting. During the year, the company received cash from customers, $50,000, and paid cash for salaries, $21,900. At the beginning of the year, customers owe Rebel $1,100. By the end of the year, customers owe $8,000. At the beginning of the year, Rebel owes salaries of $7,000. At the end of the year, Rebel owes salaries of $4,000. Determine cash-basis net income and accrual-basis net income for the year.

Lamar Hirthe · Accepted Answer

this business is a price setter. hope this

Lamar Hirthe · Answer

someone i feel is a leader in my life id have to say would be my mother because she has give me great advice in life and got me out of tough situations. some characteristics she has are creativity, honesty, commitment, respect for others, and communication. one example of a situation when she demonstrated leadership was when i was working late on homework and i started to get stressed and got upset, she asked me if i needed some , and she me with my work. she demonstrated communication and commitment.i don't know if this is exactly what your looking for but i hope this !

Lamar Hirthe · Answer

It will be beneficial, because it can reduce interest rates and loan terms. this means that you will be paying close to the amount you have borrowed and will have to pay little to no interest paymentshope this

Lamar Hirthe · Answer

Answerpredicts that the clash between an exploding population and limited resources will eventually bring economic growth to an end;

Oran Armstrong

Rebel Technology maintains its records using cash-basis accounting. During the year, the company received cash from customers, $50,000,

4 Answers

AI-Powered Insights

Want to answer this question?

Categories

Tags

Related Questions