Answer:
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Explanation:
Answer:
d. Credit to Unearned Management Fees for $60,000.
Explanation:
In the given question, it is mentioned that the management services provide service to clients, and one client gives the advance amount of $60,000 to the management service.
So, in case of advanced received by the customer, the journal entry would be
Cash A/c Dr $60,000
To Unearned Management Fees $60,000
(Being amount received in advance)
The asset account should be debited and the liabilities account should be credited.
The
amount of money that Eric will have after 5 years given the initial amount and
the interest per year (which we will assume to be compounded)
<span> F = P x (1 + r)^n</span>
Substituting,
<span> F =
($7,500)(1 + 0.0525)^5</span>
<span> F = $9,686</span>
<span>Therefore,
Eric will be short of about $113.39. </span>
Answer:
d.Shares listed on a national securities exchange.
Explanation:
The primary purpose of enacting the securities exchange act of 1934 was to regulate securities and transactions in the financial or money markets. The act ensures fairness in financial dealings, thereby creating investor confidence.
For it to achieve its objectives, the securities exchange act contains mandatory disclosure requirements that ensure investors have access to relevant and accurate information to make decisions. The disclosures have to be made at crucial times to aid in investment decisions. All companies listed in the stock exchange are required to abide by the requirements of the exchange act.
