Answer:
a.balance sheet as a current liability
Explanation:
Unearned fee refers to money received from a customer for services not yet done, or for goods not delivered. It is a prepayment for work not yet done. Unearned fees are reported in the accrual accounting system. The economic activity that results in earning revenue has not been executed.
Unearned fees create an obligation for the business to honor. The business becomes indebted to the customer who has made a prepayment. An unearned fee is thus a debt and has to be recorded as a liability. In practice, the service or goods paid for in advance should be delivered within the same period. Therefore, the unearned fee is recorded as a current liability.
Answer:
The answer is: B) The reduction in economic surplus resulting from a market not being in competitive equilibrium.
Explanation:
Deadweight loss is an economic cost to society as a whole when market inefficiencies occur preventing it from reaching its equilibrium point. Market inefficiencies are caused by incorrect allocation of resources.
For example if a price ceiling is established, suppliers will tend to lower the quantity supplied while the quantity demanded either increases or stays the same. That economic deficiency resulting from an unsatisfied demand is what we call deadweight loss.
Other causes for deadweight loss are price floors (reduction of the quantity demanded) and taxation (shifts on the demand or supply curves).
Answer:
required rate of return on the stock = 22.7%
so correct option is e. 22.7 percent
Explanation:
given data
risk free rate = 4 percent
rate of return = 15 percent
beta = 1.7
to find out
required rate of return on the stock
solution
we get here required rate of return on the stock that is express here as
required rate of return on the stock = risk free rate + beta × ( Return on the Market portfolio - Risk free Rate) ........................1
put here value we get
required rate of return on the stock = 4 + 1.7 × ( 15 - 4)
required rate of return on the stock = 22.7%
so correct option is e. 22.7 percent
A new product could be something like a track on a table for special occations where you have a really long table and things need to be passed back and forth. you put the plate or dish on the track and press the button for it to be slowly moved down the table and stop it whenever it gets to the next person who whats it. This prevents hot and heavy plates having to be passed infront of people of over people etc.
Answer:
1. $400,000
2. $140,000
3. $56,000
4. $84,000
Explanation:
1. Budgeted gross profit = Budgeted sales - Budgeted COG sold
where, Budgeted COG sold = $480,000 + $60,000 - $40,000 = $500,000
By putting the value, we get
Budgeted gross profit = $900,000 - $500,000
= $400,000
2. Budgeted income before taxes = Budgeted gross profit - selling and administrative expenses - interest expense
= $400,000 - $250,000 - $10,000
= $140,000
3. Budgeted income tax = Budgeted income before taxes × tax rate
= $140,000 × 40%
= $56,000
4. Budgeted net income = Budgeted income before taxes - Budgeted income tax
= $140,000 - $56,000
= $84,000
