The following information pertains to spee co.'s 20x1 sales: cash salesgross $40,000returns and allowances 2,000credit salesgross 60,000discounts 3,000on january 1, 20x1, customers owed spee $20,000. on december 31, 20x1, customers owed spee $15,000. spee uses the direct write-off method for bad debts. no bad debts were recorded in 20x1. under the cash basis of accounting, what amount of revenue should spee report for 20x1? a. $100,000b. $95,000c. $85,000d. $38,000

Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.

You are a professor of economics at a university.? you've been offered the position of serving as department? head, which comes with an annual salary that is ? $5 comma 500 higher than your current salary.? however, the position will require you to work 200 additional hours per year. suppose the next best use of your time is spending it with your? family, which has value of ? $10 per hour.

About 300 billion dollars in taxes is lost in the united states alone due to an underground economy, which involves paying individuals cash rather than having them on the official payroll