Answer:
1. Cash (Dr.) $1,470
Accounts receivable (Cr.) $1,470
2. Account Receivable (Dr.) $5,020
Revenue (Cr.) $5,020
3. Salaries Expense (Dr.) $1,380
Cash (Cr.) $1,380
4. Cash (Dr.) $560
Revenue (Cr.) $560
5. Accounts Payable (Dr.) $1,800
Cash (Cr.) $1,800
6. Dividend Paid (Dr.) $340
Cash (Cr.) $340
7. Utilities Expense (Dr.) $440
Cash (Cr.) $440
Explanation:
The Blossom company has incurred expenses and various transactions which are recorded in the journal ledger to form the trial balance of the company. These transaction are recorded according to the company's expense and then these expense are charged to their respective accounts.
Answer:
$550,000
Explanation:
Data provided in the question
Issued amount = $550,000
Time period = 10 years
Stated interest rate = 12%
Market interest rate = 12%
Based on above information, as we can see that the stated interest rate is equal to market interest rate i.e 12% which reflects that it issued at par i.e face value
So in this case, the amount received at issuance is equal to the issued amount i.e $550,000
Answer:
b. In an ordinary annuity payments occur at the end of the period
Explanation:
<u>Why the other options are false:</u>
A.- On annuity due, the payment occurs at the beginning of the period.
B.- The perpetuity will not mature. It will yield interest for an indefinite period of time
C.- The present present value of a perpetuity is calculate as follow:
cash inflow/ interest rate = perpetuity
On an ordinary annuity, the payment occur at the end of the period, which is correct.
Answer:
C) interoffice memo
Explanation:
Interoffice memorandums (memos) are formal ways of communicating within an organization. They are basically formal letters that must include the recipient (who should receive the memo), the sender, the date and the subject of the memo.
In this case, you are dealing with a very sensitive and confidential subject, salaries and benefits are always sensitive subjects, so you must communicate your proposal in a formal way.
Watchful waiting <span>is a tactic that deliberately permits an attack to continue while the entire event is observed and additional evidence is collected.
Watchful waiting is used commonly in medical practice where a team is allowed to wait a set time before intervention is used. During this time there is testing and continuous watching/monitoring done on the patient. </span>