Answer: Executing regular data backup.
Explanation: Installing antivirus software and updating it regularly is a good practice. You must also back up your data on a regular basis. This helps to prevent data losses due to unforeseen events. Such events may include a virus threat or computer malfunction.
Answer:
The price of the stock today is $54.61
Explanation:
The stock of this company pays a constant dividend for a defined period of time after equal intervals. Thus, it is just like an annuity. To calculate the price of such a stock, we will use the present value of annuity formula:
Assuming that the dividend is paid at the end of the period.
Present Value of Annuity = Dividend * [(1 - (1+r)^-n) / r]
Where,
- r is the required rate of return
- n is the number of years of annuity
The price of the stock today is,
P0 = 8.45 * [(1 - (1+0.13)^-15) / 0.13]
P0 = $54.607 rounded off to $54.61
Answer:
The effect of this error on 2003 ending working capital is that it overstated the ending 2003 working capital.
The error does not have effect on the 2004 ending retained earnings balance.
Explanation:
Let the amount of the commission expense be xxxx.
At the end of 2003, the journal entries should have been as follows:
Debit Commission expense for xxxx
Credie Commission payable for xxxx
Also, we have:
Working capital = Current assets – Current liabilities ………… (1)
From equation (1), current liabilities are understated because commission payable which was not recorded is an item under current liabilities. Since the current liabilities are understated, that indicates that the working capital in equation is overstated. Therefore, the effect of this error on 2003 ending working capital is that it overstated the ending 2003 working capital.
When the 2003 commission expense in the entries above was paid in 2004, it would have been recognized as an expense. This made the error to counterbalance. This implies that the 2004 ending retained earnings balance is still correct despite that there are errors in the earnings of the two years. Therefore, the error does not have effect on the 2004 ending retained earnings balance.
There would a shift to the right of the supply curve. The equilibrium price would decrease and the equilibrium quantity would increase.
<h3>What is the impact of technological improvement?</h3>
Technological improvement in the production process means that there is an advancement or update in the technologies that are used in the production process. For example, progress from storing information in files to storing information in the cloud is an example of technological improvement.
A technological improvement in the production of a good would make it easier to produce a good. Thus, the supply curve would move forward.
Equilibrium quantity would increase. Due to the increase in quantity supplied, price has to decline in order to induce consumers to buy more of the product. Equilibrium price would decrease.
To learn more about an increase in supply, please check: brainly.com/question/14727864
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Answer:
The journal entry at the time when great adventures obtains the $30,000 loan is:
Account Title Debit Credit
Cash 30,000
Notes Payable 30,000
The interest accrued at the end of each month would be:
30,000 * 6% = 1,800/12 = $ 150
Interest entry would be made at the end of each month to record the interest expense.
