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1 year ago

Accrued are earned in a period that are both unrecorded and not yet received in cash.

Business

1 answer:

tatyana61 [14]1 year ago

5 0

Accrued income is the income that is earned but has not yet been received by the company.

<h3>What is Revenue?</h3>

Revenue is the income earned by a company, this is the sole reason for the existence of the company and company ensures that the expenses incurred by the company are less than the income earned so that the company stays to compete in the market.

Accrued income is the income for which the company have fulfilled its performance objectives which means the company have provided goods or services but the cash / income is not yet received by the customer, and it will be received in the future.

The company records a double entry for the accrued income and receivable, when cash is received this entry is reversed and sales and cash received is recorded. The accrual recording is a key task and should be performed by expert individuals.

Learn more about Revenue at brainly.com/question/27333811

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On July 15, 2016, you convert 650,000 U.S. dollars to Japanese yen in the spot foreign exchange market and purchase a six-month

Mice21 [21]

Answer:

The question is not complete:

On July 15, 2016, you convert 650,000 U.S. dollars to Japanese yen in the spot foreign exchange market (¥104.91/$) and purchase a six-month forward contract ($0.0095320/¥1) to convert yen into dollars. How much will you receive in U.S. dollars at the end of six months? (Round your answer to 2 decimal places. (e.g., 32.16))

The sum of $650,001.38 would be received in six months

Explanation:

In the first place by buying the yen in the spot market on July 15 ,2016, the amount of yen is computed thus:

$650,000 was at (¥104.91/$) ,which implies that each $ was exchanged for ¥104.91

yen received =$650,000*104.91/1

= ¥ 68,191,500.00

The six month forward contract outcome is as follows:

($0.0095320/¥1)

each Yen was exchanged $0.0095320

dollars received= ¥ 68,191,500.00 *0.0095320/1

=$650,001.38

3 0

3 years ago

Consumers have certain rights that do not carry corresponding responsibilities. true or false.

Over [174]

Thank you for posting you question here at brainly. I think the statement "Consumers have certain rights that do not carry corresponding responsibilities." is false. Below are the right of the consumer:

 Right to Safety Responsibility of Right to Safety Right to Be Informed Responsibility of Right to Be Informed Right to Choose Responsibility of Right to Choose Right to Be Heard Responsibility of Right to Be Heard Right to Redress Responsibility of Right to Redress Right to Consumer Education Responsibility of Right to Consumer Education Right to Healthy Environment Responsibility of Right to Healthy Environment

3 0

3 years ago

Windhoek Mines, Ltd., of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the c

ad-work [718]

Answer: $7924. 5

Explanation:

Given the following :

Cost of new equipment and timbers - $275,000

Working capital required - $100,000

Annual net cash receipts - $120,000

Cost to construct new roads in year three - $40,000

Salvage value of equipment in four years - $65,000

Kindly check attached picture for Explanation

4 0

3 years ago

Tony's marginal income tax rate is 24%, and he pays FICA tax on his entire salary (7.65%). Tony's employer offered him a choice

Vlad [161]

Answer: The fringe benefit is worth $182 more than the additional salary.

Explanation:

The Fringe benefit is valued at $3,600.

The additional salary after taxes is:

= 5,000 - (5,000 * 24%) - (5,000 * 7.65%)

= 5,000 - 1,200 - 382.5

= $3,418

The Fringe benefit is worth more than the salary by:

= 3,600 - 3,418

= $182

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8 0

3 years ago

If investors are risk averse and hold only one stock, we can conclude that the required rate of return on a stock whose standard

telo118 [61]

Answer:TRUE

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So for a risk average person to take on the investment with higher standard deviation it means the rate of return will be Higher.

6 0

3 years ago