The following trial balance of jb company at december 31, year five, has been adjusted except for income taxes. the income tax rate is 30%.dr craccounts receivable, net 725,000accounts payable 250,000accumulated depreciation 125,000cash 185,000contributed capital 650,000expenses 3,750,000goodwill 140,000prepaid taxes 225,000property, plant and equipment 850,000retained earnings, 1/1/yr. 5 350,000revenues 4,500,0005,875,000 5,875,000during year five, estimated tax payments of $225,000 were paid and debited to prepaid taxes. there were no differences between financial statement and taxable income for year five. included in accounts receivable is $400,000 due from a loyal customer. special terms were granted to this customer to make payments of $100,000 semi-annually every march 1 and september 1.in jb company's december 31, year five balance sheet, what amount should be reported as total retained earnings? a. 225,000b. 525,000c. 750,000d. some other amount.

What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?

Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.

Listed below are several transactions that took place during the first two years of operations for the law firm of pete, pete, and roy.year 1 year 2amounts billed to clients for services rendered $ 170,000 $ 220,000 cash collected from clients 160,000 190,000 cash disbursements salaries paid to employees for services rendered during the year 90,000 100,000 utilities 30,000 40,000 purchase of insurance policy 60,000 0 in addition, you learn that the company incurred utility costs of $35,000 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three-year period.required: 1. & 3. calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the company would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model.2. prepare an income statement for each year according to the accrual accounting model.