Answer:
A. Bill’s collected $15,600 from customers for services related to games played in July.
Dr Cash 15,600
Cr Service revenue 15,600
B. Bill’s billed a customer for $600 for a party held at the center on the last day of July. The bill is to be paid in August.
Dr Accounts receivable 600
Cr Service revenue 600
C. The men’s and women’s bowling leagues gave Bill’s advance payments totaling $1,850 for the fall season that starts in September.
Dr Cash 1,850
Cr Unearned service revenue 1,850
D. Bill’s received $1,500 from credit sales made to customers last month (in June).
Dr Cash 1,500
Cr Accounts receivable 1,500
<u>Answer:</u>
1. Typical tools for collecting factual information in order to create unofficial reports are written content, company records and online resources.
2. The very first move in writing the report is to recognize the problem. The report should contain the ways to diagnose the problem.
3. Many organizations utilize these informal reports for their internal use.
4. Representatives, in many associations, make and utilize casual reports. Practically all informal stories are for interior use. A few establishments have endorsed arrangements, and others don't.
5. Informal reports might be conveyed in an assortment of configurations, including letters, reminders, messages, and advanced postings (for example, a blog).
6. While your conveyance strategy may affect the setting of your report, the composition and reason will remain the equivalent.
Answer:
True
Explanation:
Modigliani and Miller or MM hypothesis states that dividend policy of a firm plays no role in the determination of the market value of it's stock or the market value of the firm.
As per the theory, dividend policy of a firm is irrelevant and does not affect the value of the firm.
The theory maintains that under specific set of assumptions, the capital structure of a firm and it's composition does not play any role in determining the value of a firm and no capital structure can be termed as optimal.
It further states, the value of a firm is determined by capitalizing it's expected return with the firm's average cost of capital. Also, a firm cannot change the total value of it's securities by splitting it's cash flows into different streams such as dividends or retained earnings.
A firm's value is determined by a firm's real assets and not by it's issued securities.
Answer:
D
Explanation:
option D is correct
If no legal, regulatory, contractual, competitive, economic, or other factors limit the life of an intangible asset, the asset's assigned value is allocated to the expense Indefinitely (no amortization= depreciation of intangible assets like patent rights, copy rights,etc.) with an annual impairment review until its life becomes finite.
They need it in order to create healthy relationships with their consumers