Answer:
A credit balance of $3 comma 200
Explanation:
When a fee is received in advance for a service yet to be rendered, the revenue for such fee is said to be unearned. The entries required are
;
Debit Cash account
Credit Unearned fees or deferred revenue.
As the service is performed and the revenue is earned,
Debit Unearned fees
Credit Revenue.
Total amount collected in advance as at end of February
= $3,000 + $4,000 + $700
= $7,700 (Cr in Unearned revenue)
Amount of revenue earned as at end of February
= $4,500 (Dr in Unearned revenue)
Balance in in Unearned Revenue at the end of February
=$7,700 - $4,500
= $3,200
Amount of the initial investment to find the increase expressed as a rate. For example, to figure how long it takes $16,000 to grow to $24,000, divide $24,000 by $16,000 to get 1.5.
Yield to maturity (YTM) = [(C+(F-P)/n) / ((F+P)/2)]*100
Given:
Duration/term = n = 4 year
Interest rate or coupon= 4%
Price = P = 98
To find: Yield to maturity
Face value of the bond = F = 100
So, interest/C = 4% of 100= 4
Solution:
Yield to maturity (YTM) = [(C+(F-P)/n) / ((F+P)/2)]*100
Now, putting values in the formula,
[(4+(100-98)/4) / ((100+98)/2)]*100 Answer = 4.54% is the yield to maturity
A revenue tariff is a tax applied to increase the revenue(money brought in) of an economy. Usually occurs in business. For example, oil that is imported or exported from the US is a revenue tariff.
Six Steps In Developing Your Brand's Marketing Message
1. Understand your brand and communication strategy
2. Understand your resources
3. Identify goals
4. Identify specific tactics
5. Execute tactics
6. Measure & refine
