Answer:
-$3,770
Explanation:
The computation of the net income or net loss using the cash method for May month is shown below:
= Received cash for meals served to customers - prepaid rent paid - electricity paid for cash - paid cash for kitchen equipment
= $1,650 - $2,400 - $220 - $2,800
= -$3,770
As the journal entry for prepaid rent is
Prepaid rent A/c Dr $2,400
To Cash A/c $2,400
(Being the cash is paid in advance)
Answer:
Can you tell me which grade are u in and is the question mcq or do u need to solve it?
Answer: Liquidation value
Explanation:
The liquidation value is one of the type of physical assets of an organization and the business value, real estate firms, directories and the equipment are refers as the liquidation value that helps in evaluating the overall worth of the firm.
This organizational value is lower as compared to the market value and it has less time for selling the products in the open market.
According to the given question, the liquidation value is refers as the actual amount of the stockholder expected value value in the market. Therefore, Liquidation value is the correct answer.
Answer:
The stated annual interest rate offered by this account is 41.42%.
Explanation:
The stated annual interest rate, r on the saving account can be determined as follows :
Pv = - $1
n = 4 × 2= 8
pmt = $ 0
p/yr = 2
Fv = $4
r = ?
Using a financial calculator the nominal rate,r compounded semi-annual is 37.8414 %
Then use the financial calculator to convert norminal rate to annual rate as follows :
37.8414 % Shift NOM%
P/YR 2
Shift EFF% 41.4213 or 41.42%
They are considered to be functional managers—a functional
manager is those people with authority that are given to them in a way of
controlling a certain department, business or organization, in other words,
they have to manage an organizational unit.
