Answer:
A is the correct option
Explanation:
Revenue or income is recognized based on accrual concept of accounting where revenue or income is recognized when earned and expenses when incurred not when received or paid in cash.
As a result,on the 31st December Clarion Corp. has earned two months' interest on the 6-month certificate of deposit as it has invested for two months.
The correct option is A,Clarion recognizes interest revenue on 31st December ,2015 only.
It is also important to note that the since 2015 came to end the fraction of interest revenue relating to year 2015 needs to be recognized by debiting accrued income account and crediting investment on the face of the income statement
Answer:
The firm must save $45,172.02 monthly for 24 months to be able to pay $1,130,000 at 4.3% compounded monthly as found in the attached
Explanation:
In calculating the monthly saving , I used the PMT function in excel,whose formula is given as PMT(rate,nper,pv,-fv)
r represents the rate on the savings given as 4.3% annually but 0.36% per month (4.3%/12 months), as the compounding is done monthly.
nper represents the duration of savings,given as two years but multiplied by 12 months to reflect monthly compounding horizon
pv is the present value zero as it is not given and not required
Fv is future value given as $1,130,000
Find detailed computation in the attached.
Answer:
The correct answer is letter "D": the quantity demanded of cereal will increase.
Explanation:
According to the demand theory, as long as the quantity demanded increases, the price would decrease (the demand curve shifts to the right). The quantity demanded decreases when the price would increase (the demand curve shifts to the left).
In the example, as eggs and cereals are substitute products, if a disease kills a large number of chickens there will be fewer eggs supply in the market. Consumers will start looking for substitutes. Then, <em>the quantity demanded for cereal will increase</em> moving the <em>demand </em><u><em>curve</em></u><em> to the right</em>.
Answer:
The correct answer is letter "A": Operational control.
Explanation:
Operational control comprises the steps companies take to determine how the firm will conduct its operations. Operational control is the handbook for operations managers where the procedure for each activity in the company is explained in detail so, in front of malpractices, managers will have a clear idea on how to make assessments.
Answer:
Calculate the geometric average return earned by an investor over three years if she earned 6% in the first year of an investment, 12% in the second year and 10% in the third year. 9.36% 9.27% 9.30% 9.33%
Explanation:
Calculate the geometric average return earned by an investor over three years if she earned 6% in the first year of an investment, 12% in the second year and 10% in the third year. 9.36% 9.27% 9.30% 9.33%
