Answer:
Liquidity of an asset refers to how easily convertible the asset is to cash or so called liquid money.
Most Liquid - A $5 bill
This is already cash so it is the most liquid there is.
Second-Most Liquid - The funds in a money market account
Funds in a money market account are the second most liquid because most often they can simply be withdrawn from the fund. There might be limits on the number of withdrawals allowed though within a period.
Third-Most Liquid - A share in a publicly traded company
A share in a publicly trade company ranks here because to realize the cash, one would need to sell the share first.
Least Liquid - Your house
Your house will be the most difficult of these to liquidate as it will involve a much longer process to eventually get it sold and realize cash. The process will include but will not be limited to, advertising, hiring realtors, inspection etc.
Answer:
The correct answer is letter "C": ethical expectation that society has for business.
Explanation:
Corporate Social Responsibility (CSR) refers to the efforts companies make to have a positive influence on their surrounding environment and society. CSR implies operating harming the atmosphere the least possible, training employees in ethical behavior inside and outside the organization and engaging in charitable activities in favor of the most in-need.
CSR takes care of three dimensions: <em>planet, people, </em>and <em>profit</em>. <em>CSR, also called, corporate citizenship, reflect the view society has of the business.</em>
Answer: Pharaohs journal $
Date
December 31, 2017
StaffBonusexpensesDr384,900
Accruede liability Cr384,900
Narration. Staff bonus due as at date.
February 15,2018
Accrued liability Dr 384, 900
Bank Cr. 384,900
Narration. Payment of staff bonus due
Explanation:
In line with the acrual concept of recognising expenses at the period they are due for payment. The staff bonus will be recognized as an expense to the income statement in 2017 and accrued as liability in the balance sheet if it's not paid.
The payment in 2018 will be a debit to the liability account and credit to the cash or bank account.
Answer:
$4877.80
Explanation:
The computation of amount of the deposit at the end of year 3 is shown below:-
Future value = Present value × (1 + Rate of interest ÷ 100)^number of years
$20,000 = 10,000 × (1 + 5 ÷ 100)^7 + Deposit at end of year 3 × (1 + 5 ÷ 100)^4
$20,000 = 10,000 × (1.05)^7 + Deposit at end of year 3 × (1.05)^4
$20,000 = 14071.00423 + Deposit at end of year 3 × (1.05)^4
Deposit at end of year 3 = ($20,000 - 14071.00423
) ÷ (1.05)^4
= $5928.995773 ÷ 1.21550625
= $4877.799496
or
= $4,877.80
We simply applied the above formula to find out the amount of deposit at the year 3 end
