The Uptown Grill had a gross profit of $118,400 and operating expenses of $94,530 last month. What was its net income?
$23,870
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Which of the following best describes the purpose of an intermediate timer event?
A. Contains a series of activities that are hidden from view. B. Shows the timing of messages between two pools. C. Determines when the business process begins. D. Illustrates the process flow when a delay occurs.
Clear Cleaning Services pays out wages every week on Friday. Payroll expense totals $4,000 per week, based on a five-day week. The month of June ended on a Thursday
On Thursday, June 30, Clear made the following accrual adjustment: Wages Expense 3,200 Wage Payable 3,200 At the same time, they prepared the following reversing entry to be booked on July 1: Wages Payable 3,200 Wages Expense 3,200 On Friday afternoon, when wages were paid, what journal entry was made? What will be an ideal response
Under the modified accrual basis of accounting, GASB standards for property tax revenue recognition provide that revenue should not be recognized for property taxes collected:
A. More than 60 days after fiscal year end. B. More than 30 days after fiscal year end. C. More than 90 days after fiscal year end. D. After fiscal year end.
Body care Corporation makes and sells Chem Med, the most prescribed name-brand blood pressure-lowering medication. Deja Vu Drugs, Inc, has the potential to make a generic version of the same drug.? Bodycare pays Deja Vu not to sell its product. This is A) a market division
B) a refusal to deal. C) an exclusive-dealing contract. D) a price-fixing agreement.