Practical approach is the approach to ethical decision making sidesteps debates about what is right, good, or just and bases decisions on prevailing standards of he larger society and the profession, taking the interests of all stakeholders into account.
Practical Approach can be defined as an application process of a person experience or idea as being more concerned with or relevant to practice than theory or method or something theory which was made or developed by others in past by an examination or lesson of theories and procedures.
Practical approach can be applied or used to the actual making or implementing of something as well known without verification. The Practical Approach usually be combining with an Object Oriented Approach (OOA) for the structured definition requirements and complete.
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Answer:
<em>d) Slightly greater than 4 years</em>
Explanation:
<em>The portfolio's Macaulay period (MaD) is the mean maturity of its retained earnings.</em>
Fifty per cent of cash flows (in terms of PV) come after three years and another fifty per cent arrive after five years, so the MaD is 0.53 + 0.55 = 4.
We must divide the MaD by (1+ytm/2) to get Modified Duration (MoD).
<em>Then portfolio MoD is </em><u><em>4/(1 + 0.02/2) = 3.96.</em></u>
Answer:
a.
Date Account Title Debit Credit
XX-XX-XXX Accounts Receivable $12,040
Fees earned $12,040
b. No it would not have been.
If using the cash basis, the revenue would only be recognized when the cash is paid to the company. As the cash has not been paid, there would be no need to adjust for the revenue in the present period.
