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emmainna [20.7K]
3 years ago
5

Coaster Brothers, Inc. billed a client for services performed on March 12. The customer paid one-half of the amount owed on Marc

h 22 and the other one-half on April 24. When should the company record the related Service Revenue?
A. On March 12.
B. On March 22.
C. One-half on March 22 and the other half on April 24.
D. At year-end in an adjusting entry.
Business
1 answer:
Andru [333]3 years ago
7 0

Answer:

A. On March 12

Explanation:

The accounting  entry that would have been processed by Coaster Brothers Inc on March 12  would be

Accounts Receivable   Debit  

Service Revenue                        Credit

This would have been processed on March 12 since the services were performed.

The other options such as options B and C represent collection dates of the accounts receivable and would only involve the cash and receivable accounts.

Tear end adjusting entries are only recorded if there is an unbilled services or billed services in advance.

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The Holmes Company's currently outstanding bonds have a 8% coupon and a 13% yield to maturity. Holmes believes it could issue ne
Marina86 [1]

Answer: 8.45%

Explanation:

From the question, we are informed that Holmes Company's currently has an outstanding bonds and has a 8% coupon and a 13% yield to maturity.

We are further told that Holmes believes it could issue new bonds at par that would provide a similar yield to maturity and that its marginal tax rate is 35%.

Holmes's after-tax cost of debt will therefore be calculated as:

= Yield to maturity × (1 - Marginal tax rate)

= 13% × (1 - 35%)

= 13% × (65%)

= 0.13 × 0.65

= 0.0845

= 8.45%

7 0
3 years ago
Chuck is concerned with what he considers to be an unfair situation at work. Although he put in 10 hours of overtime last week,
Levart [38]

Answer:

b. Decrease his inputs

Explanation:

The Equity Theory explains the influence that the perception of fair treatment has on the motivation of individuals. Or, from another point of view, in its demotivation.

People tend to compare ourselves to others. With other people's situations, inside and outside work. Thus, we form a perception about what is fair or unfair.

If the result of the comparison is understood as fair, people are more likely to feel motivated. On the contrary, when they perceive that they are treated unfairly, tension and demotivation appear.

In short, when compared to others, people want to be treated fairly for their contributions to the organization. And beliefs regarding what is fair and unfair can affect their motivation, attitudes and, therefore, their behaviors at work.

6 0
3 years ago
slader Each month Leo must make copies of a budget report. When he uses both the large and the small copier, the job takes 30 mi
storchak [24]

Based on the time it takes Leo when he uses two machines, the length of time it will take if the large copier is broken is <u>75 minutes. </u>

<h3>How long will it take if the large copier is broken?</h3><h3 />

This can be found by the formula:

= 1 / ( (1 / time taken with both copiers) - (1 / time taken with large copier) )

Solving gives:

= 1 / ( ( 1 / 30) - (1 / 50))

= 1 / (1 / 75)

= 75 minutes

Find out more on budget reports at brainly.com/question/25812320.

7 0
2 years ago
Lake Corp., a newly organized company, reported pretax financial income of $100,000 for 20X0. Among the items reported in Lake's
liubo4ka [24]

Answer:

b.$0

Explanation:

As we know that

When there is a temporary discrepancy between financial income and taxable income a deferred tax benefit or liability occurs. Temporary difference means an benefit or cost with respect to treatment that has just a timing gap.

Moreover, the Premium on officer's life insurance is tax deductible i.e $15,000  as it is paid by the company due to which difference arise between the financial and taxable income.

And,  

Interest received on municipal bonds $20,000 are mostly exempt from federal income tax.

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What problems can be caused by the emotional changes teenagers go through?
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