User Account

All Pages

What is zipp inc net income on a cash basis

Assignment Help Accounting Basics
Reference no: EM132170201

Question - Zipp Inc. records revenue of $92,000 and expense of $78,000, all on the cash basis. Net income on the accrual basis is $5,500 and expense is $83,000. What is Zipp Inc.'s net income on a cash basis?

A. $14,000

B. $8500

C. $5500

D. Can't tell from information

Reference no: EM132170201

Questions Cloud

Product implementation in the organization : How did the testing affect the product implementation in the organization?
What is the adjusting entry on december : Bradford Construction Company accepts a $6,000 deposit to $40,000 renovation, What is the adjusting entry on December 31
Identify a government agency that needs an improvement : Identify a government agency that needs an improvement in the service it provides. In a letter to the agency's leader assess the reasons.
Should self-awareness encourage you to alter your behavior : Should self-awareness encourage you to alter your behavior to accommodate external pressures, or should it empower you to become steadfast in your identity
What is zipp inc net income on a cash basis : Net income on the accrual basis is $5,500 and expense is $83,000. What is Zipp Inc.'s net income on a cash basis
Are revenues exceeding expenses : Explore various concepts and techniques used in the decision-making process.
Define the problem your proposed policy addresses : As a rule policy memos are 'lean' and easily 'digested.' Policymakers are often very busy; the issue you are working on is likely only one of many.
What factors influence the demand for the product : For Term Paper #1 you are required to pick a product or service you use in your everyday life and describe the market for this product.
Describe the goal of transportation regulation : Describe the goal of transportation regulation and policy and explain why they are needed.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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