ABC Company keeps their accounting records on the cash basis. During the year, ABC received $270,000 from clients, and ABC paid $85,000 to cover operating expenses. Account balances as of the dates given are as follow: Jan 1 Dec 31 Change Accounts Receivable $24,000 $52,000 $28,000 Accrued Liabilities $56,000 $40,000 (16,000) Unearned Revenue $35,000 $45,000 10,000 Prepaid Expenses $26,000 $28,000 2,000 In addition, depreciation expense for the current year is $12,000. Net Income on the accrual basis is:

When using various forms of promotion to carry the promotion message, it is important that the recipients of the message interpret it in the same way. creating a unified promotional message, where potential customers perceive the same message, whether it is in a tv commercial, or on a billboard, or in a blog, is called

Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?

Andrea cujoli is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. currently the spot price for the japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. andrea would earn a higher rate of return by buying yen and a forward contract than if she had invested her money in 6-month us treasury securities at an annual rate of 2.50%. true/false?