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soldi70 [24.7K]
3 years ago
10

Accrued revenues:

Business
1 answer:
mars1129 [50]3 years ago
8 0

Answer:

A. At the end of one accounting period result in cash receipts in a future period

Explanation:

Revenue is total amount of money firm receives or is entitled to receive, by selling its goods / services, in a period of time.

Revenue can be :

  • Cash (Actually received): Based on cash transactions.
  • Accrued (Earned but not received): Based on credit transactions - with Debtors (who owe money to us)

Accrued Revenue i.e Revenue Earned but not received in an accounting period : is an asset in form of debtors of a firm. The firm will get cash receipts from them in a future period.

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John Fare purchased $6,000 worth of equipment by making a $1000 down payment and promising to pay the remainder of the cost in s
vesna_86 [32]

Answer:

C $ 596.39

total payment          7,156.68

Interest expense     2,156.68

Explanation:

6,000  -  1,000 = 5,000 amount to finance

We will calcualte the cuota of an annuity of 6 years with semianual payment at 12% annual rate.

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV  $5,000.00

time   12 (6 years times 2 payment per year)

rate            0.06 (12% annual we divide by 2 to get semiannual)

5000 \times \frac{1-(1+0.06)^{-12} }{0.06} = C\\

C $ 596.39

The total amount paid will be the cuota times the time of the loan:

Total amount paid

596.39 x 12 = 7,156.68‬

The interest will be the difference between the total amount paid and the principal of the loan

Interest paid

total payment          7,156.68

principal                 (5,000)

Interest expense     2,156.68

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3 years ago
Please i need an urgent answer what is feeding regime​
Dvinal [7]

Answer: A plan that specifies a diet, amount and schedule of nutritional

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The _____ is the way in which each country’s economy links to other countries’ economies.
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What is the largest category calculated when using the expenditure approach to calculate GDP?
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3 years ago
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