Answer and Explanation:
The adjusting entries are shown below
1. Accrued wages expenses
Wages expense Dr XXXXX
To Wages payable XXXXX
(Being the accrued wages is recorded)
For recording this we debited the wages expense as it increased the expense and credited the wages payable as it also increased the liabilities
2. Accrued utilities expenses
Utilities expense Dr XXXXX
To Account payable XXXXX
(Being the accrued utilities expense is recorded)
For recording this we debited the utility expense as it increased the expense and credited the account payable as it also increased the liabilities
3. For adjusting the unearned service revenue
Unearned service revenue Dr XXXXX
To Service revenue XXXXX
(Being the unearned service revenue is recorded)
For recording this we debited the unearned service revenue as it decreased the liability and credited the service revenue as it increased the revenue
The accounting method under which revenues<span> are recognized on the income statement when they are earned.</span>
Answer:
D. 9.0%
Explanation:
Provided return on equity = 15% = K
Earnings per share = $6.00
Dividend = 40% = $6 
0.4 = $2.40
Internal Growth Rate = Cost of equity (1 - Dividend payout ratio)
Putting values in above we have
Internal growth rate = 15% (1 - 40%)
= 15% 60%
= 9%
Therefore, correct option is
D. 9.0%
Answer:
The correct answer is (A)
Explanation:
People are more successful in housing business who invests for a longer period. Housing prices do not fluctuate rapidly which is why a long term investor who holds the house for a longer period will likely to earn greater profit compared to those who will hold the house for a short-term period. The short-term investor will earn profit but a small percentage whereas long-term investors will earn a greater profit which depends on how long they can hold on to the house.
