For a given period of time, as the discount rate increases, the present value factor decreases.
<h3>What is discounted present value?</h3><h3>Discount Rate for Finding Present Value</h3>
The discount rate is the investment rate of return that is applied to the present value calculation.
In other words, the discount rate would be the forgone rate of return if an investor chose to accept an amount in the future versus the same amount today.
<h3>Why present value is important?</h3>
Present value is important because it allows investors to compare values over time.
PV can help investors assess future financial benefits of current assets or liabilities.
Used in areas like financial modeling, stock valuation, and bond pricing, based on its future returns, investors can calculate present value.
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Answer:
Gavin is allowed to revoke if he finds Rod's efforts half-hearted
Explanation:
given data
Gavin pay for paint his house = $400
solution
as given Gavin pay Rod for paint his house at $400 but Gavin want to revoke the offer so Either he accepts, or he does not accept the offer.
If he starts to paint the offer, and Gavin doesn't like his work, the offer may be canceled.
so scenario is Gavin is allowed to revoke if he finds Rod's efforts half-hearted
Answer:tryst me its G
Explanation: I know trust me
Answer:
If you need negotiating
Explanation:
If you need to negotiate, often times a silent partner can be better because they will not get you into more trouble or ruin your presentation with their own activeness.
Answer:
A. Adjusting Journal Entries:
Dec. 31, 2019:
Debit Accounts Receivable $22,650
Credit Service Fee Revenue $22,650
To record fees earned, but not yet billed to clients.
B. No. If the cash basis rather than the accrual basis had been used, an adjusting entry would not have been necessary.
Explanation:
Adjusting entries are only required to align the cash-basis accounting records to the accrual basis. Adjustments are made for prepayments of expenses, unpaid expenses, deferred revenue, unearned earned and earned revenue, and depreciation charges. For an entity operating on a cash basis, adjusting entries are not required.
Adjusting entries ensure that accounting records comply with the accrual concept and matching principle of generally accepted account practises. The requirement under this concept with the matching principle is to accrue and match expenses and revenue to the related revenue and expenses and period.
