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Rudik [331]
3 years ago
7

Clarion Corp. invested cash in a 6-month certificate of deposit (CD) on November 1, 2015. If Clarion Corp. has an accounting per

iod that ends on December 31, 2015, when should Clarion recognize interest revenue from the CD?
a. On December 31, 2015 only
b. On May 1, 2016 only
c. Both December 31, 2015 and May 31, 2016
d. On the date when its income tax return is filed
Business
1 answer:
Ira Lisetskai [31]3 years ago
5 0

Answer:

A is the correct option

Explanation:

Revenue or income is recognized based on accrual concept of accounting where revenue or income is recognized when earned and expenses when incurred not when received or paid in  cash.

As a result,on the 31st December Clarion Corp. has earned two months' interest on the 6-month certificate of deposit as it has invested for two months.

The correct option is A,Clarion recognizes interest revenue on 31st December ,2015 only.

It is also important to note that the since 2015 came to end the fraction of interest revenue relating to  year 2015 needs to be recognized by debiting accrued income account and crediting investment on the face of the income statement

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11Alexandr11 [23.1K]

Answer: One of what is necessary in product marketing is identifying the industry and the sector that uses this product. The company doesn't sell direct to consumers and considering the components of the tea, I would recommend a plan that targets the health industry.

Explanation:

One of what is necessary in product marketing is identifying the industry and the sector that uses this product. The company doesn't sell direct to consumers and considering the components of the tea, I would recommend a plan that targets the health industry. The tea product focuses on health with natural ingredients with antiaging and anti-carcinogens, also they are rich in vitamins. The recommended plan of targeting the health is to propose the product as medicinal or a supplement, which the health institution can recommend for her customers. One of the ways the products can be marketed to the clients to the last consumer is by mentioning the merits of taking them alongside other medication.

The strategic plan would mapping out health agencies that are in my town, draft out magazines, fliers about the product, so that anyone who comes across them can read them. After these health agencies have been visited, we track down the progress of how they are receptive to using the products and how their clients are responding to them

7 0
3 years ago
Supposed you have had 10 apples. You gave 4 apples to your friend for Christmas. What portion of the initial amount did you give
shtirl [24]

Answer:

The portion of the initial amount that was given away is:

= 0.40

Explanation:

a) Data and Calculations:

Number of apples available = 10

Number of those apples given to a friend for Christmas = 4

The portion given away = 4/10 = 0.4

This represents 40% of the whole.

b) The portion given away to the friend for Christmas is a proportion of the whole.  In this case, it represents just 40% of the 10 apples.  This means that only 60% or 0.60 of the original apples are still available or on hand because 40% had been given away.

6 0
3 years ago
A rightward shift in the short-run aggregate supply curve will occur when:.
posledela

A rightward shift in the aggregate supply curve will occur when: there is a decrease in price input.

<h3>What is a supply curve?</h3>

A supply curve is a graphical representation of how the market would behave or move in there is a change in supply. It is a representation of the relationship between the quantity supplied for a given period of time and the prices of goods and services.

A rightward shift in the short run aggregate supply curve will then occur anytime there is a decrease in the price input.

Learn more about Supply Curve here:

brainly.com/question/26430220

4 0
3 years ago
Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 7 years because the
grigory [225]

Answer:

$47.81

Explanation:

Value after year 8 = (D8*Growth rate) / (Required return-Growth rate)

Value after year 8 = ($9.57*1.06) / (0.14-0.06)

Value after year 8 = $10.1442 / 0.08

Value after year 8 = $126.8025

Current share price = Future dividend and value*Present value of discounting factor(rate%,time period)

Current share price = $9.57/(1.14)^8 + $126.8025/(1.14)^8

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Current share price= $47.81

8 0
3 years ago
Laser World reports net income of $490,000. Depreciation expense is $34,000, accounts receivable increases $11,000, and accounts
katrin2010 [14]

Answer:

The net cash flows from operating activities using the indirect method is $499,000

Explanation:

In order to calculate the net cash flows from operating activities using the indirect method we would have to make the following calculation:

net cash flows from operating activities=cash flows from operating activities+Adjustments to reconcile net income to net cash flows from operating activities

net cash flows from operating activities=net income+(Depreciation expense-accounts receivable increases-accounts payable decreases

net cash flows from operating activities=$490,000 + ($34,000-$11,000-$14,000)

net cash flows from operating activities=$499,000

The net cash flows from operating activities using the indirect method is $499,000

3 0
3 years ago
Read 2 more answers
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