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Author Question: Use the following information to calculate the company's accounting net income for the year. ... (Read 70 times)

mckennatimberlake

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on: Jul 11, 2018
Use the following information to calculate the company's accounting net income for the year.
 
  Credit Sales 800,000
  Cash Sales 500,000
  Operating Expenses on Credit 200,000
  Cash Operating Expenses 700,000
  Accounts Receivable (Beg. of Year) 50,000
  Accounts Receivable (End of Year) 80,000
  Accounts Payable (Beg. of Year) 50,000
  Accounts Payable (End of Year) 100,000
  Corporate Tax Rate 40
  A) 125,000 B) 120,000 C) 240,000 D) 300,000

Question 2

Money-market instruments include
 
  A) T-bills. B) T-bonds.
  C) common stock. D) preferred stock.
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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pallen55

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Reply #1 on: Jul 11, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mckennatimberlake

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Reply 2 on: Jul 11, 2018
YES! Correct, THANKS for helping me on my review

scottmt

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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