Answer:
A. Credit to Unearned Management Fees for $83,000.
Explanation:
When an amount is received in advance for a service yet to be rendered, the company recognizes a liability by debiting cash account and crediting unearned revenue.
As the service is performed and revenue is earned, debit unearned revenue and credit service revenue.
In this instance , the liability account is the unearned management fees. As such, the amount received is posted there as a credit entry.
Answer:
The answer is 5. organizational culture.
Explanation:
Organizational culture is simply the personality of the organization. Culture is comprised of the assumptions, values, norms of organizational members and their behaviors. It is based on shared attitudes, beliefs, customs, and written and unwritten rules that have been developed over time and are considered valid.
It affects the organization's productivity and performance, and provides guidelines on customer care and service, product quality and safety, attendance and punctuality, and concern for the environment.
Answer:
PV= $2,749,494
Explanation:
Giving the following information:
Cash flow= $200,000
Number of periods= 25
Interest rate= 5.25%
<u>First, we need to calculate the future value using the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual cash flow
FV= {200,000* [(1.0525^25) - 1]} / 0.0525
FV= $9,881,102.14
<u>Now, the present value:</u>
PV= FV/(1+i)^n
PV= 9,881,102.14 / (1.0525^25)
PV= $2,749,494
Answer:
Option e is the correct approach.
Explanation:
- The possibility that a person or, in particular, a corporation will not be able to meet its financial. Bankruptcy risk goes up if the entity or company seems to have no working capital or handles its finances poorly. Financial institutions evaluate the possibility of bankruptcy before deciding whether to offer a loan. It is often referred to as insolvency risk.
- The FI seems to be an organization that serves as an agent amongst involved individuals to a financial exchange, including financial institutions, hedge banks, mutual funds as well as private investors.
Other decisions are taken aren't relevant to the situation. So that alternative e was its right one.