Compute total operating expenses and total service revenue

Assignment Help Accounting Basics
Reference no: EM132684751

In 2020, Bramble Corp. had cash receipts from customers of $152,000 and cash payments for operating expenses of $99,000. At January 1, 2020, accounts receivable were $10,000 and total prepaid expenses were $15,800. At December 31, 2020, accounts receivable were $17,500 and total prepaid expenses were $26,300.

Problem 1: Compute the:

A. Total Service Revenue

B. Total Operating Expenses

Reference no: EM132684751

Questions Cloud

Which is not required to presented separately in statements : Under IFRS, which of the following is NOT required to be presented separately in the statements of income/comprehensive income?
Make a statement of comprehensive income for pronghorn co : Assume investments are accounted for as FV-OCI investments, with gains/losses not recycled. Make a statement of comprehensive income. Ignore income tax and EPS
Communication skills among nonverbal students : You identified two controversial or non-research-based methods to help build communication skills among nonverbal students.
What amount of revenue should bluebox recognize : Paul Beggs signs a one-year contract, What amount of revenue should BlueBox recognize in its first year given that the membership renewal is a material right?
Compute total operating expenses and total service revenue : In 2020, Bramble Corp. had cash receipts from customers of $152,000. Compute the Total Operating Expenses and Total Service Revenue
Discuss the task and maintenance functions : Discuss the 'task' and 'maintenance' functions the person conducting a briefing needs to be sensitive to?
Generalize or apply newly learned behaviors : In order for behavior interventions to be considered truly successful, students must be able to generalize or apply newly learned behaviors
Calculate net income for under cash basis of accounting : In first year of operations, 2020, Pronghorn Corp. invoiced $184,000 in service revenue. Calculate the net income for 2020 under the cash basis of accounting.
Determination and application in a production facility : A project has an expected duration of 34 weeks with a critical path variance of 6. Suppose the project network is given and the critical path is identified on t

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd