Answer:
The answer is: A) a point in time in the past
Explanation:
A balance sheet is one the most important financial statements of an organization along with the income statement and statement of cash flows.
It reports an organization´s assets, liabilities and shareholders´ equity at an specific point in time.
The basic formula used in a balance sheet is:
Assets = Liabilities + Shareholders´ Equity
The answer to the blank space is discriminative stimuli.
A discriminative stimulus means that this thing differs from the others – and thus the person who perceives it will be more likely to be attracted to it. Buy one get one deals are essentially this type of stimulus since people are more likely to gravitate to it than other deals because they believe they will get a better deal by choosing to purchase the item.
Answer:
Final value= $242,726.24
Explanation:
Giving the following information:
The U.S. stock market has returned an average of about 9% per year since 1900.
This return works out to a real return (i.e., adjusted for inflation) of approximately 6% per year.
If you invest $100,000 and you earn 6% a year on it for 30 years.
We know inflation is 3% (average), so our real interest rate is approximately 3%.
We need the final value formula:
FV= PV*(1+i)^n
FV= 100000*(1.03)^30= $242,726.24
Answer:
Journal entry to record sale of toasters and warranty
Dr Cash 36,000
Cr Sales revenue 36,000
Dr Warranty expense 2,400
Cr Warranty liability 2,400
Adjusting entry for actual warranty expense
Dr Warranty liability 500
Cr Cash 500
Since the warranty covers a 5 year period, the remaining warranty expense cannot be recognized as warranty revenue yet. Only after the warranty period is over, will any money left over will be recognized as revenue.
The correct answer is C. The United States suffered an economic downturn starting in 2009.
Explanation:
The graph shows the percentage of unemployment in the U.S. from 2006 to 2012. In this, you can see the unemployment rate was between 4% and 5% during 2006, 2007 and 2008; however, after this year the rate suddenly increased. Indeed in 2009, the rate was 6% and in 2010 it was 10%, which is evidently higher than in previous years. This situation suggests there was an economic recession or downturn that began in 2009 and continued during the following years, this explains why the number of unemployed people increased as an economical recession usually leads to fewer jobs. Thus, the most accurate statement is "The United States suffered an economic downturn starting in 2009".
