Answer:
Adjustments for enterprise fund-basis statements from their original modified accrual basis would not be included in the required reconciliation of the Governmental Fund Balance Sheet to the governmental activities Statement of Net Position.
Answer and Explanation:
The journal entries are shown below:
a. Deferred revenue Dr ($3,750 ÷ 3 months) $1,250
To Revenue $1,250
(Being the revenue of three month is recorded)
b. Advertising expense Dr ($2,550 × 10 ÷ 30) $850
To Prepaid advertise $850
(Being the advertising expense is recorded)
c. Salary expense Dr $7,500
To Outsanding salary $7,500
(Being the salary expense is recorded)
d. Interest expense Dr ($65,000 × 6% × 4 months ÷ 12 months) $1,300
To Accrued interest $1,300
(being the interest expense is recorded)
The four months is taken from August 31 to December 31
Answer:
C) made up of two or more individuals who are associated with one another in ways not prescribed by the formal organization.
Explanation:
Informal work groups are formed voluntarily by workers in a business or organization where a connection exists between the members of the group.
Informal groups generally agree upon who will lead them and are able to succeed due to the bond that is created between the group members that helps them accomplish tasks.
Answer:
Younger workers are more flexible to change.
Explanation:
Answer:
$874,507,135
Explanation:
To find the final capital, we use the compound interest formula:
Final Capital (FC)= Initial Capital (IC)*[(1+interest(i))]^(number of periods(n))
The problem is givining this information:
IC= $4000
i= 5% compounded monthly
n=21 (is it 21 because the grandmother started at the granson´s birth, if she would started when the baby had 1 year, then n=20 and so on)
Before we apply the formula, we have to notice that there is and inconsistency. The interest rate is compounded monthly but n is in years. So, we must change <em>i</em> or <em>n. </em>We will change the interest.
First, we have to transform the periodic interest rate into an Effective Annual rate using this formula:
Effective Annual rate= [(1+periodic interest)^(n)] -1
Effective Annual rate= [(1+5%)^(12)]-1= 79,59%
Now, we can apply the first formula:
FC= $4000*(1+79,59%)^(21)= $874,507,135