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.

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Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?

Atrough in the business cycle occurs when