Malo inc. uses a fiscal year ending june 30. on may 29, malo received a check for $3,900 from a business that leases parking spaces in malo’s parking garage. this payment was for the three-month period beginning june 1. on june 15, malo sent an invoice for $5,500 to a customer for services rendered during may and june. malo received payment from the customer on july 3.if malo is a cash basis taxpayer, how much income should it recognize from the given transactions in the current fiscal year?

Acompany manufactures hair dryers. it buys some of the components, but it makes the heating element, which it can produce at the rate of 920 per day. hair dryers are assembled daily, 250 days a year, at a rate of 360 per day. because of the disparity between the production and usage rates, the heating elements are periodically produced in batches of 2,300 units. a. approximately how many batches of heating elements are produced annually? b. if production on a batch begins when there is no inventory of heating elements on hand, how much inventory will be on hand 4 days later? c. what is the average inventory of elements, assuming each production cycle begins when there are none on hand?

Match the different financial task to their corresponding financial life cycle phases

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