Swifty Industries collected $106,000 from customers in 2019. Of the amount collected, $24,000 was for services performed in 2018. In addition, Swifty performed services worth $38,000 in 2019, which will not be collected until 2020. Swifty performed services worth $38,000 in 2019, which will not be collected until 2020. Swifty Industries also paid $70,500 for expenses in 2019. Of the amount paid, $30,700 was for expenses incurred on account in 2018. In addition, Swifty incurred $42,700 of expenses in 2019, which will not be paid until 2020.

a. Compute 2019 cash-basis net income.
b. Compute 2019 accrual-basis net income.

cranium, inc., purchases term papers from an overseas supplier under a continuous review system. the average demand for a popular mode is 300 units a day with a standard deviation of 30 units a day. it costs $60 to process each order and there is a five−day lead−time. the holding cost for a paper is $0.25 per year and the company policy is to maintain a 98% service level. cranium operates 200 days per year. what is the reorder point r to satisfy a 98% cycleminus−service level? a. greater than 1,700 unitsb. greater than 1,600 units but less than or equal to 1,700 unitsc. greater than 1,500 units but less than or equal to 1,600 unitsd. less than or equal to 1,500 units

What is the correct percentage of texas teachers charged with ethics violations each year?

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $