Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $295,000; cash paid for rent, $31,000; cash paid to employees for services rendered during the year, $111,000; cash paid for utilities, $41,000. in addition, you determine that customers owed the company $51,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $1,100 at year-end, and the rent payment was for a two-year period. calculate accrual net income for the year.

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.