When an employee works in year 1 but is paid in year 2, the company must recognize an expense in years 1 only.
An expense is the monetary value of tasks that an organization causes to create income. As the well-known saying goes, "it costs cash to bring in cash.
Normal expenses incorporate installments to providers, worker compensation, manufacturing plant leases, and hardware devaluation.
Organizations are permitted to discount charge deductible costs on their annual government forms to bring down their available pay and hence their assessment obligation.
To learn more about Expenses.
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Answer:
YTM = 4%
Explanation:
Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s)
IOU (IOU) 6 Apr 19, 2034 111.44 ? 1,851
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<u>Determine the yield to maturity </u>
YTM = Rate * 2
years to maturity = 2034 - 2018 = 16 years
NPER = 2 * 16 = 32
PMT = ( face value * coupon rate ) / 2 = ( 2000 * 6% ) / 2 = 60
price of coupon ( PV ) = 2000 * 111.44% = 2228.8
Rate = 2% ( excel function : RATE(32,60,-2228.8,2000)
hence YTM = 2% * 2 = 4%
Answer:
Assets would increase by $ 2897
Explanation:
Total Assets = Liabilities + Owner's Equity
Decrease in Liabilities = $ 27,137
Increase in Owner's Equity = $ 30,034
Total Change =$ 30,034 - $ 27,137= $ 2897
As the assets must equal the liabilities and owner's equity so the total change in liabilities and owner's equity must equal the change in assets.
In the above question the liabilities and owner's equity in total increase by $ 2897 so the assets must increase by $ 2897.
A possible business that can be selected is:
A small bakery. The four central management functions that are carried out in this business are: Planning, organization, leadership, and control. To effect these, the:
Manager plans the affairs of the business and provides a workable and organized framework. Next, he leads and appoints heads to strategic departments in the organization. He establishes control by ensuring that guidelines are followed.
<h3>What are the four central management functions?</h3>
The four central management functions are those activities that are geared at ensuring the smooth flow of activities in the business. A small business can follow the guidelines which include; Planning, organization, leadership, and control.
There is a manager in the business who coordinates the daily affairs and ensures that the staff is doing the right things. Control is the last step that ensures that the plans go as designed.
Learn more about the four central management functions here:
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Answer:
91 % of the seats in the theater were filled by the 6th graders on the trip.
Explanation:
Total number of seats = 2500
Number of seats occupied = 2275
Percentage of seats filled = 2275/2500 * 100
= 91%
91 % of the seats in the theater were filled by the 6th graders on the trip.
The percentage is taken out by dividing the number of seats occupied with the total number of seats available and multiplying it with 100.
