Computation of revenue, During the year, we received $7,000

Computation of revenue

Reference no: EM13147526

Suppose, revenue shown on the accrual basis income statement was $200,000. Accounts receivable were $5,000 on January 1, 2008 and $3,000 on December 31, 2008. During the year, we received $7,000 in advance of performing the services. These services will be performed next year in 2009. Can you show the computation of revenue for 2008 on cash basis?

Reference no: EM13147526

Questions Cloud

R total displacement and direction for your trip : You travel at 25 miles per hour for 3.5 hours, traveling due north. Then you travel due East at 36.2 miles per hour for 0.75 hours. What is your total displacement and direction for your trip?

Computation of expenses on the accrual basis : Expensens accrued and still unpaid were $6,000 as at December 31, 2007, and $9,000 as at December 31, 2008. Can you show the computation of expenses on the accrual basis for the year 2008?

Evidence to reject hypothesis that apartments are equally : Is there evidence to reject the hypothesis that the apartments are equally distributed between 1-bedroom, 2-bedroom, and 3-bedroom apartments, at alpha = .05?

What is the expected freezing point of a solution : What is the expected freezing point of a solution of 110.5 g of H2SO4 in 225 g of water? Assume sulfuric acid completely dissociates in water.

Computation of revenue : During the year, we received $7,000 in advance of performing the services. These services will be performed next year in 2009. Can you show the computation of revenue for 2008 on cash basis?

What is the boiling point of a solution : What is the boiling point of a solution of 8.69 g of the electrolyte sodium acetate, NaCH3COO, dissolved in 15.00 g of water?

In america in 2014, businesses are subject : In America in 2014, businesses are subject to many laws and regulations and must satisfy economic rules by earning a profit but must also obey the legal rules applicable to it. Recently enacted, or proposed, federal laws and regulations that affect w..

Double-declining-balance with salvage value : Delivery Vehicle-Henry purchase a new delivery vehicle on April 1,2011 for 80,000. The vehicle is to be depreciated over 7 years using double-declining-balance with a salvage value of 10,000.

Confidence interval for difference in mean numbers of cups : Generate a 95% confidence interval for the difference in mean numbers of cups of coffee consumed between men and women.

User Account

All Pages