Answer:
False
Explanation:
The reason is that accrual concept says that the income must only be realized when the revenue are earned which means that the company has delivered her consideration (The part of the service that is delivered to the customer which has monetary value). So the income earned is equal to the monetary value of the two suits they had designed till June 30. So the double entry would be:
Dr Revenue accrued 49000/10suits *2 suits = $9800
Cr Trade Receivables $9800
So saying that the service revenue of $12,250 must be accrued is totally false statement.
Answer:
c. suggest a listing price based on comparable market data.
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (creditor or investor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time.
Generally, the bond issuer is expected to return the principal at maturity with an agreed upon interest to the bondholder, which is payable at fixed intervals.
The par value of a bond is its face value and it comprises of its total dollar amount as well as its maturity value. Also, the par value of a bond gives the basis on which periodic interest is paid. Thus, a bond is issued at par value when the market rate of interest is the same as the contract rate of interest. This simply means that, a bond would be issued at par (face) value when the bond's stated rated is significantly equal to the effective or market interest rate on the specific date it was issued.
Generally, a listing broker should suggest a listing price based on comparable market data.
Answer: Financial Statements.
Explanation:
Financial Statements are accounting details of the financial activities of a business establishment, showing how the business has performed during a given period.
The financial statements are of three types, we have the: income/ profit and loss statement, balance sheet and the cash flow statement.
Answer:
- Bart types information into a computer database
- Phuong works on a research project and creates a report for her boss.
- Anton answers phone calls and greets guests who visit a company
Explanation:
Administrative and Information Support workers provide support to the company's executives and management. This support includes general office management, welcoming and guiding visitors, answering phone calls, assisting and responding to clients queries, and clerical work. They also do data entry and records maintenance.
Administrative and Information Support workers require Strong administrative and multi-tasking skills to execute their mandate effectively.
