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4 years ago

Unearned Fees appear on the ___

Business

1 answer:

Anna007 [38]4 years ago

3 0

Answer:

Explanation:

Unearned fees is recorded on a company's statement of financial position(balance sheet) as a liability. Unearned Fees is presented as a liability because the revenue has still not been earned and relates services owed to a customer. .

See IFRS 15 for further clarity..

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On January 1, 2021, Bombay Corporation signed a five-year noncancelable lease for equipment. The terms of the lease called for B

tresset_1 [31]

Answer:

In 2022, Cullumber should record interest expense of $57,057.80.

Explanation:

The interest expense can be calculated using the following formula:

Interest expense = (Present value of lease payments - Annual payments at the beginning of each year) * Effective interest rate .................... (1)

Where:

Annual payments at the beginning of each year = $180,000

Present value of lease payments = $750,578

Effective interest rate = 10%

Substituting the values into equation (1), we have:

Interest expense = ($750,578 - $180,000) * 10% = $57,057.80

Therefore, Cullumber should record interest expense of $57,057.80 in 2022.

4 0

3 years ago

A U.S. firm opens a factory that produces power tools in Korea.

Ymorist [56]

Answer:

c. This increases only U.S. net capital outflow.

Explanation:

The net capitaloutflow is determinated by comparing the investemnt abroad with the investment of other countries in the national economy.

investment in foreing countries - investment from foreing countries.

In this case the US firm is investing abroad, therefore inceasing the net capital outflow of the US.

The Korea net capital outflow will decrease. because it is receiving investment.

5 0

3 years ago

The introduction of diet coke by the Coca Cola Company is an example of ________.A) line extensionB) brand harmonizationC) categ

Margaret [11]

Answer:

correct answer is A) line extension

Explanation:

solution

correct answer is line extension because in line extension method product is publicize for goods or services under name of well established company so their order to increase the profit

they make change the variety and their flavor

as that Coca Cola Company expand their new Coke options

so correct option is A) line extension

3 0

3 years ago

J. Pitner Clothing is a medium-size specialty men's and women's clothing store in a market with many other specialty stores, dep

rjkz [21]

Answer: True - Monopolistic competition

Explanation:

The monopolistic competition is one of the type of imperfect competition in which the various types of industries selling the products and the services that is basically differentiated from others.

In the monopolistic competitors, the different types of decision taken by an organizations are not directly affecting the other competitors in the market.

According to the question, the J. Pitner's is basically refers to the monopolistic competition in the given competitive environment as it helps in establishing the reputation by offering the various types of high quality services.

Therefore, Monopolistic competition is the correct answer.

5 0

3 years ago

Suppose that over the past year, the nominal interest rate was 5 percent, the CPI was 150.3 at the end of the year, and the CPI

makvit [3.9K]

Answer:

The correct answer is option c.

Explanation:

The nominal interest rate was 5 percent.

The CPI was 150.3 at the end of the year, and the CPI was 144.2 at the beginning of the year.

The 5% nominal interest rate means that the dollar value of savings increased at 5%.

Inflation rate

= $\frac{(150.3 - 144.2)}{144.2}$

= 0.0423 or 4.2%

The real interest rate

= Nominal interest rate - rate of inflation

= 5 - 4.2

= 0.8%

The real interest rate of 0.8% indicates that the purchasing power of savings increased at 0.8%.

3 0

3 years ago