Selma operates a contractor's supply store. She maintains her books using the cash method. At the end of the year, her accountant computes her accrual basis income that is used on her tax return. For 2019, Selma had cash receipts of $1,400,000, which included $200,000 collected on accounts receivable from 2018 sales. It also included the proceeds of a $100,000 bank loan. At the end of 2019, she had $250,000 in accounts receivable from customers, all from 2019 sales. a. Compute Selma’s accrual basis gross receipts for 2019.b. Selma paid cash for all of the purchases. The total amount paid for merchandise in 2018 was $1.3 million. At the end of 2018, she had merchandise on hand with a cost of $150,000. At the end of 2019, the cost of merchandise on hand was $300,000. Compute Selma’s gross income from merchandise sales for 2019.

Witch is an example of a non durable good?

Which change is illustrated by the shift taking place on this graph? a decrease in supply an increase in supply o an increase in demand o a decrease in demand

Onsider the following subscription behavior information from genie, a web site that provides tools for constructing a family tree (ancestor search). subscriptions cost $9.99 per month, but you are charged for the entire year at the time of purchase. there is a one-year minimum term when you sign up for the service. once purchased, subscriptions are set to renew automatically unless the subscriber cancels them. when a membership renews, it renews for a one-year term and again you are charged for the entire year. there are no variable costs associated with providing this service to an individual customer, but genie does engage in customer relationship activities that they believe will increase customer retention. these customer relationship activities cost genie about $10 per year per customer. based on a sample of 1000 customers that joined genie five years ago, near the time when the company was founded, they were able to determine how many of those customers remained subscribers in the second year, third year etc. based on this information, genie calculated the average annual retention rate to be 20%. genie uses an annual discount rate of 8%. a. last year, genie spent $10,000 placing advertisements on google. genie management believes that these advertisements were responsible for about 300 new subscribers. would you recommend to genie management that they purchase more google ads? b. suppose a newly-introduced loyalty program increases the number of customers that remained to 30%. does this new data change your answer to 9.a? c. do you have any hesitations or concerns about making recommendations to management based on your above estimate of customer lifetime value?