Answer:
Debit Cash account $16,800
Credit Unearned Subscription Revenue $16,800
Explanation:
When a fee is received in advance for a service yet to be rendered, the revenue for such fee is said to be unearned. The entries required are
Debit Cash account and Credit Unearned fees or deferred revenue.
As the service is performed and the revenue is earned, debit Unearned fees and credit revenue.
Total amount received
= $20 * 8400
= $16800
Answer: A. 20%
Explanation:
The expected return takes into account whatever dividends and capital gains accrue to a stock over the period.
Expected return = (Price at end of period + Dividends - Price at beginning of period) / Price at beginning of period
= (114 + 6 - 100) / 100
= 20/100
= 20%
Answer:
False
Explanation:
Retained earnings can be defined as the amount of money or income left after a firm or organization as paid out it dividends to their shareholders.
Retained earnings are also an organisation's profit which they retained or keep and this earning is reinvested for other purposes. Such purposes include: Future expansion of the the organization. Retained earnings are a form of liability to a firm.
Funds acquired by the firm through retained earnings (similar to their free cash flow), have cost attached to them. This is because the cost of retained earnings is equivalent to rate of return on re-investment of dividends of shareholders that is paid by the organization. Hence, retained earnings is equivalent to the cost of equity.
A skill that would be useful for nick in his job is good problem solving, communication, and team work since he has to work with many people everyday and watch over them!
The tax would be progressive because individual who pays more noteworthy or bigger gifts subjected to the more prominant tax rate.
Regressive tax - a better percent of tax is charged at lower stages
Progressive tax - a better percent of tax is charged at higher degrees
proportional or flat tax - the identical percentage is charged at any degreea gift tax of 10% of the primary $one hundred,000 and 20% over $a hundred,000 could be progressive due to the fact the tax percent will increase because the present increases.
A regressive tax is a form of tax this is assessed no matter profits, in which low- and excessive-income earners pay the equal dollar quantity. This form of tax is a bigger burden on low-income earners than high-earnings earners, for whom the same greenback amount equates to a far larger percentage of general income earned.
A innovative tax is characterized through a greater than proportional rise inside the tax liability relative to the growth in profits, and a regressive tax is characterised by means of a less than proportional rise in the relative burden.
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