1. Start your own business2. Take over a family-owned business3. Buy a franchise4. Buy an existing operating business.
When administering a transfusion of packed red blood cells, it is important to make sure that the entire pack is being transfused within four hours. It should be within this time range in order to avoid the cells to deteriorate and prevent bacterial growth.
Answer:
Date Account titles and description
20 No entry
26 No entry
31 No entry
31 No entry
Explanation:
1. Only $5,500 was submitted by Brett. No incorporated financial transaction
2. Owner not prepared to pay $5.500
3. Also Brett's provision for vehicle prices to be winterised will be $75.
4. Once Brett paid the salary ' under the table, ' the employee was willing to work $3 less per hour. Salary only fee not charged or due.
Thus, no log entry as well as T accounts have been completed.
Answer:
The value of the option to wait is $0.70,option A.
Explanation:
In calculating the value of the option to wait,I discounted all cash flows under both alternatives, using the discount rate of 12% as given in the question.
Option to start now gives net present value(positive return ) of $360.64 while the other one gives $361.34,invariably option to wait one year gives $0.70($361.34-$360.64) more than the option to start now.
The formula used in the calculating present value is PV=FV(1+r)^n
Where PV=present value
FV=future value
r=rate of interest
n=number of year
Find attached spreadsheet for detailed calculations.
Answer:
Feb. 2021
Dr Gift Card Liability $20
Cr Gift Card Revenue $20
(to record revenue arisen from oustanding Gift Card Liability)
Explanation:
Under GAAP, the accounting for Gift Card is quite simple. When the gift card are sold, Gift Card Issuer receives Cash (Debit Cash) and assume the Liability (Cr Liability) to anyone owning the gift card for later providing of goods/services priced at the Cash amount that had been received.
It is not until Gift Card is redeemed that Gift Card Issuer is allowed to record revenue (Credit Revenue) as it is an actual point of time when the provide of goods/services takes place. Also at the same time, once the goods/services are provided, they Liability assumed earlier in time through Gift Card issuance will be discharged to the extent of the price of goods/services provided.
