One single payment of money, opposed to a an annuity. (a series of payments made over time)
Answer:
a. The company should recognize one-twelfth (1/12) of each subscribers' cash advance each month for 12 months.
b. The amount of revenue the company should record for eight issues is $40 [$60 × 8/12].
Explanation:
The revenue recognition principle dictates that revenue is recognized in the period in which it is earned. When the company collects cash in advance for each subscription, it should record the $60 to a liability account like Cash Advances, Customer Advances, Unearned Revenue, or Deferred Revenue. Every month for 12 months, the company should recognize one-twelfth (1/12) of each subscribers' cash advance (or $5) as Subscriptions Revenue, Sales Revenue, or Earned Revenue. Therefore, if issues have been delivered for eight months now, the company should have recorded $40 of each $60 subscription.
Answer: 59.27% and 4.77%.
Explanation:
Given that,
In the year 2009:
Japanese adult non-institutionalized population = 110.272 million
Labor force = 65.362 million
Number of people employed = 62.242 million
Japanese labor-force participation rate =
=
= 0.5927 or 59.27%
Unemployment rate =
=
= 4.77%
Answer:
Annual Rate of Return = 12%
Effective Annual Rate of Return = 9.6%
Explanation:
Nominal Annual Rate of return =
Annual Dividend per share = $3 per quarter 4 = $12 per share
Current price per share = $125
Par Price per share = $100
Thus Annual Rate of return = $12/$100 = 12%
Effective Annual Rate of Return =
= = 9.6%
Final Answer
Annual Rate of Return = 12%
Effective Annual Rate of Return = 9.6%