subject
Mathematics, 20.09.2020 06:01 elviaortiz402373

During 2018, Towson Company had credit sales of $54,000 and cash sales of $14,000. In 2018 Towson collected $31,000 of accounts receivable resulting from sales on credit. Towson incurred operating expenses of $55,000; 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 $9,000. What is Towson's 2018 accrual basis net income or loss?

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 17:00
Find the measure of the interior angles of the following regular polygons: a triangle, a quadrilateral, a pentagon, an octagon, a decagon, a 30-gon, a 50-gon, and a 100-gon.
Answers: 1
question
Mathematics, 21.06.2019 19:00
Apool measures 12.3 feet by 16.6 feet. if the longer wall of the pool has a diagonal of 17.8 feet, what is the volume of the pool? (round to nearest tenth)
Answers: 1
question
Mathematics, 21.06.2019 19:20
1- is the product of two rational numbers irrational or rational? first, make a hypothesis by multiplying two rational numbers. then, use variables such as x=a/b and y=c/d and the closure property of integers to prove your hypothesis. 2- what do you think the product of a nonzero rational number and an irrational number is? is it rational or irrational? make use of variables, the closure property of integers, and possibly a proof by contradiction to prove your hypothesis. 3- why do we have to specify that the rational number must be nonzero when we determine what the product of a nonzero rational number and an irrational number is? if the rational number were 0, would it give us the same result we found in part b?
Answers: 3
question
Mathematics, 21.06.2019 21:00
If there are 3.281 feet in 1 meter, how many inches are in one centimeter
Answers: 1
You know the right answer?
During 2018, Towson Company had credit sales of $54,000 and cash sales of $14,000. In 2018 Towson co...
Questions
question
Mathematics, 25.01.2020 03:31
question
Mathematics, 25.01.2020 03:31
question
Mathematics, 25.01.2020 03:31
Questions on the website: 13722361