The number one reason for failure of a new business is poor management.
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Answer:
Date Accounts Titles & Explanation Debit Credit
Dec 31 Rent Expense $2,040
($6,120 *2/6)
Prepaid Rent $2,040
Dec 31 Deferred Revenue $525
Service Revenue $525
Dec 31 Salaries Expense $700
Salaries Payable $700
Dec 31 Supplies Expense $2,390
($3,100 - $710)
Supplies $2,390
Demon Deacons Corporation
Adjusted Trial balance
December 31, 2021
Accounts Debit$ Credit$
Cash 9,100
Account receivable 14,100
Prepaid rent 4080
Supplies 710
Deferred revenue 1,575
Salaries payable 700
Common stock 11,000
Retain earnings 5,100
Service revenue 45,245
Salaries expenses 31,200
Rent expenses 2,040
Supplies expenses <u>2,390</u> <u> </u>
Total $<u>63,620</u> $<u>63,620</u>
Prepaid rent = 6,120 - 2,040 = 4080
Supplies = 3100 - 2390 = 710
Deferred revenue = 2,100 - 525 = 1575
During a preliminary inquiry, the three primary questions are always asked. The first one is, "Was an offense committed". Second, "Was the suspect involved in the offense", Last, the third one is, "What is the character and military record of the suspect?".
Answer:
A. 6.82%
Explanation:
Yield to Maturity is a discounting rate which equals all the cash outflows related to bond with the present /current market value of bond. YTM is calculated by trial and error method. Since the options are available in the question, we can use those options to find out correct YTM.
First we are taking YTM 6.82%
Semi-annual YTM = 3.41%
Coupon Interest semi annual = 1000*5.2%*1/2
= $26
No of times interest paid = 10*2
= 20
Present Value of bond
= Coupon Interest*PVIFA (YTM, 20) + Par Value x PVIF (YTM, 20)
= 26*PVIFA (3.41%, 20) + 1000*PVIF(3.41%, 20)
= (26*14.32884) + (1,000*0.511386)
= 372.55 + 511.39
= $884
At YTM 6.82% all the future cash flows of bond is equals to its current value.
Therefore, The correct YTM is 6.82%
Answer: d. both a and b
Explanation: If the company has market power, it means that its customers will get their products no matter how much they care, whether they have no competitors nearby or no substitutes. This company has a monopolistic characteristic, that is, depending on the price set by buyers, they will demand more or less, if this company wants to increase its sales in the future, the price must be lowered.