The adjusting entry to be made at the end of the accounting period includes a debit to Unearned revenue of $500 and a credit to Revenue for the same amount. According to the accrual accounting technique, revenues are recorded at the time of the transaction rather than when the payment is received. After receiving $800 in advance services, with $300 worth of services outstanding, the service amount performed amounts to $800 - $300 = $500.
Response:
-11.8%
Clarification:
to resolve this problem, it's important to keep in mind that a bond's worth is primarily determined by figuring out the present value of its cash flow sequence. Therefore, consider a bond in terms of you being the creditor; you would earn interest from the loaned amount (the coupon), and after n years, you'd receive back the initial amount lent (the principal). Applying the relevant formula, we get the value of the bond as follows:
in this specific scenario, there are 29 years left until it matures after one year, thus we have:
given that the interest rate is higher, the return on the investment is as follows:
Answer: $160,000
Explanation:
To find the depletion rate per ton:
= ( Cost - residual value) / Capacity in tons
= (960,000 - 0) / 240,000
= $4 per ton
During the first year, the extraction was 40,000 tons. Thus, the depletion amount is:
= 40,000 * 4
= $160,000
I consider the least probable outcome to be <span>The Securities and Exchange Commission fining Bob..
</span>When Bob works under someone, typically the business owner faces penalties from the SEC since Bob is likely acting under their instructions.
