WFO Corporation has gross receipts according to the following schedule: Year 1 $22.50 million Year 2 $24.50 million Year 3 $26.50 million Year 4 $25.00 million Year 5 $25.50 million Year 6 $27.50 million If WFO began business as a cash-method corporation in Year 1, in which year would it have first been required to use the accrual method

Year 6

Explanation:

The Company is required to use the Accrual method when the average gross receipts become greater than $25 million.

Year 1 Average = $22.50 million

Year 2 Average = (22.5 + 24.5) / 2 = $23.5 million

Year 3 Average = (22.5 + 24.5 + 26.5) / 3 = $24.5 million

Year 4 Average = (22.5 + 24.5 + 26.5 + 25) / 4 = $24.625 million

Year 5 Average = (22.5 + 24.5 + 26.5 + 25 + 25.50) / 5 =  $24.80 million

Year 6 Average = (22.5 + 24.5 + 26.5 + 25 + 25.50 + 27.50) / 6 = $25.5 million

Average gross income crosses the $25 million limit in Year 6 so the company will have to start using the Accrual method from Year 6.

answer; ///they are able to see how many people have read or watched some part of a commercial;

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23