Listed below are several transactions that took place during the second and third years of operations for RPG Consulting.
Year 2 Year 3
Amounts billed to customers for services rendered 390,000 490,000
Cash collected from credit customers 300,000 440,000
Cash disbursements:
Payment of rent 84,000 0
Salaries paid to employees for services rendered during the year 144,000 164,000
Travel and entertainment 34,000 44,000
Advertising 17,000 39,000
In addition, you learn that the company incurred advertising costs of $29,000 in year 2, owed the advertising agency $5,400 at the end of year 1, and there were no liabilities at the end of year 3. Also, there were no anticipated bad debts on receivables, and the rent payment was for a two-year period, year 2 and year 3.
Required:
1. Calculate accrual net income for both years.
2. Determine the amount due the advertising agency that would be shown as a liability on RPG’s balance sheet at the end of year 2.

Answer:

1.                                              Year 2          Year 3

Revenues                            $390,000    $490,000

Expenses

Rent                                     $42,000       $42,000

Salaries                                $144,000     $164,000

Travel and entertainment    $34,000      $44,000

Advertising                           $29,000      $21,600

Net Income                          $99,000      $260,400

2. Advertising liability at end of year 2 = $29,000 - ($17,000 - $5,400) = $29,000 - $11,600 = $17,400

Working

Advertising Expenses

Debit                            Credit

                                    Balance B/d                       5400

Bank               17000    Profit and Loss account 29000

Balance c/d 17400  

Total                34400   Total                                  34400

Advertising Expenses

Debit                     Credit

                                  Balance B/d                      17400

Bank     39000    Profit and Loss account   21600

Balance c/d  0

Total            39000    Total                                  39000

most four year colleges want an applicants scores for all of the following except
A.class rank
B.IQ
C.GPA
D.standerdized tests

Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price per unit $ 26 Variable expense per unit $ 15 Fixed expense per month $ 9,460 Unit sales per month 1,010 Required: 1. What is the company's margin of safety? (Do not round intermediate calculations.) 2. What is the company's margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i.E. .1234 should be entered as 12.34).)

Which career pathway is expected to have a growth rate that is average or below?
O Film Editing
O Visual Arts
O Telecommunications
O Television Announcing

According to the video, what tasks commonly are performed by Cashiers? Check all that apply.

creating advertisements
receiving money
totaling bills
giving receipts
delivering products to customers’ homes
weighing produce and bulk food

Joann wants to insert page numbers at the bottom of the pages of her document using the Field option in Quick Parts. Which options in the Field dialog box does she click to accomplish this task? Check all that apply. Footer under the All category Header under the Page category Page under the Numbering category PageNum under the Document Automation category NumPages under the Document Information category

The greater the magnitude of the external benefits of production, a. ​ The larger is the deadweight loss from underproduction. b. ​ The greater would be the optimal tax. c. ​ The less the private market solution would deviate from the socially efficient level of output. d. ​ All of the above are true.

A physician has been practicing medicine for forty years. Within the last fifteen years, he has shifted from handwriting all of his cases to inputting information into his electronic medical record. This is an example of the importance of

1.career portfolios.

2.credentialing.

3.life-long learning.

4.licensure.


P:EASE HELP ME AND QUICCK ILL GIVE YOU THE BRAINIEST CROWN THINGY>>>PLEASE HELPPP

The factors cited by the textile industry’s decision to locate manufacturing facilities in countries other than the United States include _____.

improved trade policies

increased domestic energy costs

cheaper labor

lower transport costs

The government should not worry about the environment. It has no business to worry about how people treat the pollution, waste, nature and land use, as all of these things are not necessary to help make a good economy.

True
False

Operating costs are the opposite of
utilities.
variable expenses.
fixed expenses.
capital expenditures

On November 1, 2018, Reid Corporation acquired bonds with a face value of $700,000 for $673,618.61. The bonds carry a stated rate of interest of 10%, were purchased to yield 11%, pay interest semiannually on April 30 and October 31, were purchased to be held to maturity, and are due October 31, 2022. On November 1, 2019, in contemplation of a major acquisition, the bonds were sold for $700,000. Reid is on a fiscal year accounting period ending October 31 and uses the effective interest method.
Required:
Prepare journal entries to record the purchase of the bonds, the interest receipts on April 30, 2016, and October 31, 2016, and the sale of the bonds.
Prepare journal entries to record the purchase of the bonds, the interest receipts on April 30, 2016, and October 31, 2016, and the sale of the bonds. Additional Instructions
PAGE 1
GENERAL JOURNAL
DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT
1
2
3
4
5
6
7
8
9
10
11

As a business consultant, write a report to the chief executive of your own national airline discussing the process of outsourcing and recommending whether
all non-core activities should be outsourced

Hey wassup I'm lowkey bored y'all wanna do sum?

What are the goals of CRM and social media marketing

Chloe enjoys her math classes, and she would like to find a career that will allow her to continue to use her math skills. Which career would be a good fit for her? A. accountant B. purchasing agent C. commercial carpenter D. human resources manager

HURRY !! The information given to you by your teachers is always accurate and should never be questioned.

TRUE or FALSE

The owner of a small convenience store observed that almost all customers paid with credit cards regardless of whether they had cash available, resulting in significant processing charges for the store. The owner began to add a fifty-cent charge to credit card purchases under two dollars, and during the following month, virtually all customers used cash for small purchases while continuing to use credit cards for larger purchases. Nonetheless, during the month after the charge was instated, the average dollar amount of each cash transaction was almost identical to the average dollar amount of each credit card transaction.
The information in the passage most strongly supports which of the following?
A. The average dollar amount spent by customers who did not have cash available was higher after the charge was instated than it had been beforehand.
B. After the charge was instated, customers who used cash for purchases totaling two dollars or more spent more, on average, than customers who used credit cards for these purchases.
C. The average dollar amount spent in each cash transaction at the convenience store was lower after the charge was instated than beforehand.
D. A significant majority of purchases made at the convenience store during the month after the charge was instated were made using credit cards.
E. Prior to the charge, the average amount spent on credit card transactions was higher than the average amount spent on cash transactions.

PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST PERSONAL & FAMILY FINANCE)


Amanda submitted her taxes, but someone from the IRS called her because they want to talk more about her tax return. What is Amanda MOST likely experiencing?




estimated payment



tax audit



tax deduction

red when choosing a form of ownership
o
Read the scenario below and answer the questions that follow
SHINING STAR BUS COMPANY (PTY) Ltd
Shining Star Bus Company (Pty) Ltd transport passengers to different provinces at a
reasonable price. The management of the company wants to convert the company into a
company that will allow them to sell shares to the public through the Johannesburg
Security Exchange(JSE).
1.6.1 Identify TWO forms of ownership that are represented by the scenario above
Motivate your answer by quoting from the scenario.​

Which career worker installs, maintains, and repairs equipment used for communication? Select all that apply.

Printing Technology
Printing Press Operator
Electronic Home Entertainment Equipment Installer
Journalism and Broadcasting
Telecommunications

dia wants to improve her ____. her creative writing teacher suggest that she read genres of books that she usually finds dull​

working on a song for someone I used to love
I'll go through all of the realities to find you
(If I need you)
Just so I can hold your hand...
Even if they think it's fake...
I want you to understand
that there's a certain miss
and a certain love
and a heartache in my chest
every time i hear your name
and im still lying in my bed
without you....

Esperanza is starting a business by herself as an illustrator for magazines and children's books. She isn't concerned with personal liability, but she wants the business to be easy to set up.

Which of the following best describes a trial balance?

A. Is the final account in the books
D. Discloses the financial position of a business
C. Is a list of balances on the books
B. Shows all the asset balances

Wearing a seat belt, not texting when driving, and
driving carefully are all examples of...
insurance policies.
risk management strategies.
deductibles.
warranties.

hEY BRAINLY USERS IHAVE LITTLE FAVOR TOASK YOU GUYSI REALLY WANT TO BECOME THE FRIST GIRL AT MY SCHOOL TO BECOME A vice President of Academics BUT I DON'T KNOW HOW I WILL TELL THEM THAT I BE GOOD AS vice President of Academics SO CAN SOMEONE HELP ME PLZZZZZZZZZZ

A national survey of asthma conducted on May 1, 2012, obtained the following results for the state of Oklahoma: X = The number of residents with asthma Y = The population of the state on June 30, 2012, and all members of the population were considered at risk Z = The number of new cases of asthma diagnosed during 2012. The incidence rate of asthma during 2012 (per 100,000) would be expressed as:________
A. (X/Y) x 100,000.
B. (Z/X) x 100,000.
C. (Z/Y) x 100,000.
D. (X/Z) x 100,000.
E. None of these is correct.

Automated teller machine to provide all the following services except

Derick wants to purchase an existing business in the service industry. However, he does not want to use the traditional sources of information that entrepreneurs generally use to make the purchase. Which of these statements refers to an alternative source that Derick can use to locate businesses up for sale?
A.
He could hire the services of a business brokerage company.
B.
He could refer to websites that provide such details.
C.
He could contact businesses through details provided in trade magazines.
D.
He could ask his accountants and lawyers if any of their other clients want to sell their businesses.
E.
He could refer to “business for sale” advertisements listed in the classified sections of newspapers.

and i'll be giving out brainly to random people every month <3