Answer:
d. Credit to Unearned Management Fees for $60,000.
Explanation:
In the given question, it is mentioned that the management services provide service to clients, and one client gives the advance amount of $60,000 to the management service.
So, in case of advanced received by the customer, the journal entry would be
Cash A/c Dr $60,000
To Unearned Management Fees $60,000
(Being amount received in advance)
The asset account should be debited and the liabilities account should be credited.
Answer:
The first option is correct
Explanation:
The number of stock repurchased need to first of all be determined.
The number of shares repurchased is the cash paid for repurchase of shares divided market price of $37.50
Number of shares repurchased=$187,500/$37.50=5,000 shares
number of shares outstanding after repurchase=30,000-5,000=25,000 shares
revised earnings per share=previous earnings per share*previous shares outstanding/the shares outstanding after repurchase
revised earnings per share=$1.22*30,000/25000=$1.464
P/E ratio=market price per share/revised earnings per share=$37.50/$1.464=25.61
Assuming Raleigh BBQ has $48,000 in current assets and $39,000 in current liabilities. This refers to as working capital management.
<h3>What is Working Capital Management?</h3>
Working capital management can be defined as the way in which a company or an organization ensures that both their current asset and current liabilities are put in use effectively and efficiently.
A company who make use of working capital management as a strategy will tend to ensure that their liabilities does not exceed their assets so as to maintain the company financial health.
Therefore this refers to as working capital management.
Learn more about working capital management here:brainly.com/question/14736085
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