During 2018, towson company had credit sales of $44,000 and cash sales of $11,000. in 2018 towson collected $31,000 of accounts receivable resulting from sales on credit. towson incurred operating expenses of $59,000; of this amount, $42,900 was paid in 2018, and the remaining balance represented a liability at year-end. in addition to these operating expenses, towson also purchased for cash a three-year insurance policy on january 1, 2018. the cost of this policy was $3,000. what is towson's 2018 accrual basis net income or loss? enter a loss as a negative number.

-($5,000)

Explanation:

Given that,

Credit sales = $44,000

Cash sales = $11,000

Accounts receivable = $31,000

operating expenses = $59,000 of this amount, $42,900 was paid in 2018 an remaining represented a liability at year-end.

Cost of policy = $3,000

Sales = Credit sales + Cash sales

         = $44,000 + $11,000

         = $55,000

Insurance Expenses =

                                  = $1,000

Net Loss = Sales - operating expenses - Insurance Expenses

                    = $55,000 - $59,000 - $1,000

                    = -($5,000)

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported

commercial banking

provide online payment services

provide online banking

asset management firms

invest in people's funds in securities

accept tax return refunds