Answer:
b
Explanation:
because it is the best one for that
Answer:
a debit to Unearned Fees for $1,350.
Explanation:
As for the provided information, the details provided are:
Cash received for services to be provided up to 31 January, though cash is received on 1 December itself.
Since the accounting and financial year closes on 31 December the adjusting entry will be passed on the date for correcting the unearned revenue.
The unearned revenue has credit balance and as on 31 December such balance shall be debited and earned revenue related to the period up to 31 December shall be credited.
Accordingly total unearned revenue for 2 months = 1 Dec to 31 Jan = $2,700.
Therefore, total revenue for 31 December will be $2,700/2 1 = $1,350.
Accordingly unearned revenue will be debited by the amount and earned revenue will be credited by the same amount.
Answer:
The correct answer is letter "C": supermarket.
Explanation:
A convenience store is a retail shop that offers daily-use goods to consumers such as groceries, drugs (that require no prescription), magazines, among others. Businessmen take profit from these stores thanks to the wide variety of products being sold.
In that sense, <em>supermarkets </em>would fall into this category since they match perfectly with the definition of a convenience store due to the diverse kind of goods they offer.
Answer:
Step 1 of 3
Duration of a bond refers to the time period till the end of which investor can recover his investment in bond. For normally traded bonds, duration is always less than its maturity, whereas for Zero-Coupon bond duration is equal to its maturity.
Duration  of a bond can be calculated using the following formula:

Here,
“” is the change in price.
“” is the initial price.
“” is the yield to maturity.
“” is the change in yield.
“” is the duration of a bond.