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s2008m [1.1K]
3 years ago
13

At the end of the current year, $59,500 of fees have been earned but have not been billed to clients. Required: A. Journalize th

e adjusting entry to record the accrued fees on December 31. Refer to the Chart of Accounts for exact wording of account titles. B. If the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?
Business
1 answer:
kenny6666 [7]3 years ago
3 0

Answer:

$59,500

Explanation:

Following are the table of the given question of adjusting entry  .

Date                      Particular                       Debit             Credit

December 31        Receivable amount        $59,500

December 31        Fess earned                                          $59,500

B

  • No in the cash-based accounting the adjustment is not recording as the fees earned  .
  • When the respective entry is in cash entry we will never be recorded in the adjustment entry

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Fabri Corporation is considering eliminating a department that has an annual contribution margin of $37,000 and $74,000 in annua
Amiraneli [1.4K]

Answer:

the annual financial advantage (disadvantage) for the company of eliminating this department is $18,500

Explanation:

the computation of the  annual financial advantage (disadvantage) for the company of eliminating this department is as follows:

Annual financial Advantage (disadvantage) = $37000 - ($74000 - $18500)

= $37000 - $55,500

= $18,500

Hence, the annual financial advantage (disadvantage) for the company of eliminating this department is $18,500

5 0
3 years ago
The area of accounting concerned with providing internal users with information is called.
anzhelika [568]

Management accounting is an area of accounting known for providing information to internal users.

<h3>What is management accounting?</h3>

Management Accounting is an area of accounting that refers to providing information to support internal management decisions. This accounting assist  managers identify problem areas in budgeting and then develop a different plan to addressing those problems.

The role of management accounting includes:

  • Monitoring costs
  • Conduct audits
  • Identify past trends and predict future needs.

Therefore, the area of accounting concerned with providing internal users with information is known as management accounting.

Learn more about management accounting here : brainly.com/question/1283492

7 0
2 years ago
Avocado Incorporated just paid a dividend of $3. An analyst expects this dividend to grow at a rate of 12% for the next 3 years.
yuradex [85]

Answer:

The most you should pay for this stock is 126.89

Explanation:

The dividend in years 1 – 3 will grow at 12% and then at 5% forever.  

We had to get the PV for the dividends in years 1-3 (year 3 also includes the estimated future value of the stock).

We used our calculators to find the PV of each year at the 8% discount rate.  Finally we will add them all together to get the final answer.

We find the future dividends using g =12%

Dividend in year 0 --->

Dividend in year 1 ---> 3.36

Dividend in year 2 ---> 3.76

Dividend in year 3 ---> 4.21

Dividend in year 4 ---> 4.43

Now we will calculate the present value of the future dividends using r = 8%

Stock Value assuming constant growth rate  = 147.52 --(a)

PV in year 1 ---> 3.11

PV in year 2 ---> 3.23

PV in year 3 ---> 120.45  --(discounting (a))

= 120.45 + 3.23 + 3.11

= 126.89

4 0
3 years ago
Organizational development ____.
nevsk [136]
Organizational development  (OD) refers to a philosophy and collection of planned change interventions that takes a long-term approach to change and assumes that top management support is necessary for any change. It helps organizations and companies to succeed or improve by changing their strategies, policies, etc.

Answer: (c) Organizational development is a philosophy and collection of planned change interventions.
8 0
3 years ago
Your portfolio is comprised of 30 percent of stock X, 25 percent of stock Y, and 45 percent of stock Z. Stock X has a beta of 1.
Evgesh-ka [11]

Answer:

The beta of your portfolio is 0.9045

Explanation:

Hope this help  :D

6 0
4 years ago
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