Answer:
$2.835 in March and $0 in May.
Explanation:
As per the data given in the question,
The actual method of accounting is that the revenue is not recognized in the period when the actual cash is received but the period in which it is earned.Hence, May-31 income statement will not recognize any part of revenue and March-31 income statement will recognize the whole revenue of $2.835 million.
Hence, $2.835 in March and $0 in May.
Answer:
C)The claims of creditors are reported as liabilities while the claims of investors are recorded as stockholders' equity.
Explanation:
In a businesses balance sheet, Creditors claims are shown as liabilities. Liabilities show the amount of financing that creditors provided which could be in the form of debts or obligation. Debtors owe creditors an obligation, and this obligation is to pay back. Investors claim are recorded as stockholders equity
Answer:
Affective Stage
Explanation:
Affective stage is the most important stage for the market that helps in understanding the customer feeling that how much customer has been attached for a particular brand and from this the market always check that the customer requirement with some strong levels i.e. price, quantity, and quality, etc. for a particular product from which the customer has been attached since long.
Answer:
12%
Explanation:
We use the RATE formula for determine the annual interest rate which is shown below:
Present value = $10,000
Future value = $0
PMT = $222.44
NPER = 60 months
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, monthly rate is 1%
Now the annual interest rate is
= 1% × 12 months
= 12%
C because that’s what one way to generate word of mouth advertising