Answer: $220,000
Explanation:
Using the Accrual Method of Accounting means that revenue is only to be recorded when it is earned i.e. when services have been delivered.
Any revenue received when the services have not been delivered will be recorded as Unearned Revenue.
With $528,000 in subscription revenue, the monthly subscription is;
= 528,000/12
= $44,000
From June to December would be 7 months so they would have earned;
= 44,000 * 7
= $308,000
The amount that they have not earned but have received would therefore be;
= 528,000 - 308,000
= $220,000
<em>This amount will be recorded after they finish deliveries of magazines in next year May. </em>
Answer:
Net foreign lending would be equal to <u>$4 billion</u>.
Explanation:
This can be computed using the formula for computing the total output of an open economy as follows:
Y = C + G + I + NX .................................. (1)
Where;
Y = Total Output = $35 billion
C = Desired consumption = $15 billion
G = Government purchases = $10 billion
I = Desired investment = $6 billion
NX = Net foreign lending = ?
Substituting the values into equation (1) and solve for NX, we have:
$35 = $15 + $10 + $6 + NX
$35 - $15 - $10 - $6 = NX
NX = $4 billion
Therefore, net foreign lending would be equal to <u>$4 billion</u>.
Answer:
$784,434 will be allocated to the Retail division
Explanation:
See attached file
Answer:
The general level of family's income is directly proportional to the amount of cash a family is likely to hold
Explanation:
Of the three motives of money, transactional motives of money relates to holding money(whether at hand or at bank) to meet daily transaction e.g buying of fuel/gas, transport fare to work place.
If the level of income of a family increases, other things being equal, the family tends to hold more money for their daily transaction. The level of income is directly proportional to amount of cash a family holds...
For example, family A earns $100 per week and holds $30 to meet daily transaction or unforeseen circumstances. If his pay increases to$150, it is intuitive for Mr A to hold higher money, lets say $50
Answer:
13.86%
Explanation:
34% was invested into stock X with an expected return of 11%
22% was invested into stock Y with an expected return of 18%
44% was invested into stock Z with an expected return of 14%
The expected return on the portfolio can be calculated using the formula below
Expected return= Sum of ( weight of stock×return of stock)
= (0.34×11%)+(0.22×18%)+(0.44×14%)
= 3.74+3.96+6.16
= 13.86%
Hence the expected return on the portfolio is 13.86%
