These transaction will affect the adjustments at the end of the period by:
- Decrease Unearned Revenue
Since the gift cards was redeemed during the month which means that Unearned Revenue will have to be decreased by the costs of gift cards that was redeemed during the month.
Calculated as:
Unearned Revenue=$5,600-$3,200
Unearned Revenue=$2,400 decrease
Since the gift cards was redeemed during the month which means that will have increased Sales revenue by the costs of of gift cards that was redeemed during the month.
Calculated as:
Sales revenue=$5,600+$3,200
Sales revenue=$8,800 Increase
Inconclusion These transaction will affect the adjustments at the end of the period by:
- Decrease Unearned Revenue
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Answer:
$12,000 during the first year or $1,200 per year during 10 years
Explanation:
The IRS considers mortgage points as interest paid in advance, and generally individuals and small businesses will deduct them entirely during the current year. But the taxpayer can choose to deduct that amount ratably over the life of the loan (in this case 10 years). Of course most people chooses to deduct them completely during the first year because the IRS doesn't recognize any interest.
The annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges is $9. Read below about the analysis of the annual opportunity cost of a checking
<h3>What is the annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges?</h3>
The calculation goes thus;
Annual opportunity cost = Minimum balance × Interest rate
= $300 × 0.03
= $9
Therefore, the correct answer is as given above
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Answer:
14.34%
Explanation:
To find the percentage of returned surveys over the total we divide and then multiply:
(717/5000)*100= 14.34%
The response rate appears to be low because it is less than 50% (which would be 2500 return surveys). Some statistical studies agree that 30 is the minimum number of observations a study must have, but this number does not ensure statistically significant results.
The problem with a very low response rate is that survey´s answers does not significant represent the study population characteristics and so we cannot make inferences, correlations or regressions that are statistically significant. In this case, the conclusions that scientists make about association between the left-handed population and right-handed population with the use of cell phone calls could be wrong or not represent the population characteristics, which means answers are not trustful.
Answer: Option (a) is correct.
Explanation:
Income elasticity of demand measures the responsiveness of quantity demanded with change in the income level of an individual.
Income of an individual has a positive relationship with the demand for normal goods and has a negative relationship with the demand for inferior goods.
