Business, 19.09.2019 21:10, johnthienann58

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.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:50, kennrecklezz

Which of the following best explains why treasury bonds have an effect on the size of the money supply? a. the amount of treasury bonds in circulation affects both unemployment and inflation. b. the government can spend more money and charge lower taxes by using treasury bonds. c. the federal reserve bank can buy and sell these bonds to raise or lower bank deposits. d. the interest paid on treasury bonds influences the interest rates charged by private banks. 2b2t

Answers: 1

continue

Business, 22.06.2019 12:00, lyn36

In mexico, many garment or sewing shops found they could entice many young people to work for them if they offered clean, air conditioned work areas with high-quality locker rooms to clean up in after the work day. typically, traditional garment shops had to offer to get workers to apply for the hard, repetitive, and somewhat dangerous work. a. benchmark competitive wages b. compensating differentials c. monopoly wages d. wages based on human capital development of each employee

Answers: 3

continue

Business, 22.06.2019 19:10, saabrrinnaaa

Do it! review 16-3 the assembly department for right pens has the following production data for the current month. beginning work in process units transferred out ending work in process 0 22,500 16,000 materials are entered at the beginning of the process. the ending work in process units are 70% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs. materials conversion costs the equivalent units of production

Answers: 2

continue

Business, 22.06.2019 23:00, Bmurphy17

If the reserve requirement is 10 percent, what amount of excess reserves does a bank acquire when a business deposits a $500 check drawn on another bank?

Answers: 2

continue

Do you know the correct answer?

During 2018, towson company had credit sales of $44,000 and cash sales of $11,000. in 2018 towson co...