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Kruka [31]
1 year ago
7

In November, two months before year-end, the bookkeeper erroneously recorded the receipt of a one year bank loan with a debit to

cash and a credit to interest revenue. The most effective method for detecting this type of error is:
Send a bank confirmation as of year-end.
Business
1 answer:
OleMash [197]1 year ago
7 0

In November, two months before year-end, the bookkeeper erroneously recorded the receipt of a one-year bank loan with a debit to cash and a credit to interest revenue. The most effective method for detecting this type of error is to Send a bank confirmation as of year-end.

A business may additionally have sales in a given time period that includes invoices they have got sent out to customers, in addition to coins bills that have been made at the time of a buy. All of these incomes are included as revenue during that term.

Sales are described as the profits generated through a commercial enterprise' number one operations. Its miles are often known as the “pinnacle line” and are proven at the top of an earnings announcement. internet income is an accounting time period that refers to the entire revenue minus the entire costs for any given length.

Learn  more about revenue here brainly.com/question/16232387

#SPJ4

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if you followed the suggestions of robert m. mcmath, which of these provides the best advice for a marketer for colgate, when la
dimaraw [331]

Robert M. McMath, would be best  for a marketer like Colgate to launch a new consumer product like toothpaste Study past toothpaste product failures and learn from them.

What is Product launching?
A product launch involves multiple teams, including  sales teams, customer support teams, product teams, product marketing, event management, and even managers. Each team aligns and collaborates to maximize go-to-market potential, building anticipation, interest, brand awareness and momentum in the process. Some product launches are more memorable and successful than others. For example, when Apple releases a new iPhone, it circulates several press releases and articles before unveiling the new design at its annual conference. This creates so much excitement and hype that potential users line up at retail outlets overnight to get their hands on the device.

To learn more about Product launching
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5 0
1 year ago
The current market price of a share of Disney stock is $60. If a call option on this stock has a strike price of $65, the call c
erastovalidia [21]

Answer:

Is out of the money

Explanation:

A strike price is a particular price which if activated, derivative contracts can be sold or bought. Derivatives are considered as products in finance where underlying assets are major determinants of their value.

The stock price is considered as the current price that a share of stocks is sold and bought on the market.

Because the strike price is $65 and the stock price (market price) is $60, Disney is out of money and cannot be exercised profitably.

7 0
3 years ago
Suppose you purchased a $1,000 face value, 15-year bond one year ago. The bond has a 7.125% (annual) coupon rate - but the bonds
Leya [2.2K]

Answer:

Explanation:

From the question, we have the followed parameters;

The Face value=1,000 United States of America Dollar($); yield to maturity= fifteen(15) years; The bond = 7.125 percent (annual) coupon rate; payment for last year = $974.24.

First thing to do is to calculate the market value after one percent extra= 1%+7.125%= 8.125%

Next, we need to calculate the present value of 14 year coupon of 71.25 USD = 573.00+ 1,000/1+ 0.8125^14

=>573.00+322.15

= 895.15

Therefore, the price of the bond today is $ 895.15.

5 0
3 years ago
An investment is advertised as returning 5.5% every 6 months (semiannually), compounded semiannually. If $50,000 is invested, th
Alecsey [184]

Answer:

(A) 11.3% (B) $430,000

Explanation:

There seems to be an error in the compounding equation written as A(t) = 50,000(1.055)2t.

Compounding the semi annual return, the equation should be

A(t) = 50,000 * 1.055^{2t}

where t is the number of years.

The equation is similar to the first expected that 1.055 is raised to the power of (2t) and not multiplied by it.

(A) Compounding at 5.5% semi-annually, the equivalent annual growth rate is computed as follows.

= 1.055^{2} -1

= 1.113025 - 1

= 0.113025 = 11.3025%

= 11.3% (to the nearest tenth of a percent).

(B) In 20 years, the investment will be worth

A(t) = 50,000 * 1.055^{2t} (where t=20)

= A(t) = 50,000 * 1.055^{2*20}

= A(t) = 50,000 * 1.055^{40}

= 50,000 * 8.5133

= $425,665

= $430,000 (to the nearest ten thousand dollars)

5 0
3 years ago
A franchise arrangement include a franchisor and franchisee with the franchisor..............to the franchisee
MAVERICK [17]

A franchise arrangement include a franchiser and franchisee with the franchiser terms and conditions to the franchisee.

<u>Explanation:</u>

A franchiser is the owner of any business and have an established trade mark. A franchisee is the one who will be paying royalty for using the Franchiser's brands and trademarks. There will be a contract agreement that exists in the franchising system. The agreement will contain two parties involved in it which is the franchiser and the franchise.

The agreement will also contain the terms and conditions of the franchiser to the franchise. The franchiser need to be obliged to these terms and conditions and when the violation of these terms and conditions happens then the franchiser has the power of taking legal actions as mentioned in the contract.

4 0
3 years ago
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