Answer: A
Explanation: I took the test and they also in the reading thingy.
Answer:
Explanation:
In this question, we assume that the financial year is the calendar year
The financial year is remaining for 5 months whereas the calendar year is remaining for 6 months
So for 5 months, the rent would be treated as income
And for 1 month, it would be treated as a liability
If the appropriate adjusting entry is not made.
So, the effect would be
(a) Income statement account = Revenue is overstated, expense = no effect
(b) Net Income = Since revenue is overstated, so net income is also overstated
(c) Balance Sheet account = Assets = no effect, liabilities = understated and retained earnings = overstated
The investments today’s worth is $203001.61.
We have to calculate the future value of the investments. So we can use the formula,
A=P (1+r/100)ⁿ
Where, A stands for future value, P stands for Present value, R stands for Interest rate, n stands for Time period.
Interest rate (r) = 5%= 0.05 and Time period is from 1912 to 2020 so, it is equals to 108 years. (2020-1912year)
On putting the values in the above formula we get,
A = 1000× (1+ 5/100)^108
=1000*203.001612
=$203001.61
The worth of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). The future value calculation enables investors to forecast, with varying degrees of accuracy, the amount of profit that can be generated by various investments.
Investors and financial planners use the future value to estimate how much an investment made today will be worth in the future. The future value equation is used to assess various possibilities since the growth produced by holding a given amount in cash will probably differ from that produced by investing that same amount in equities.
To learn more about future value, refer this link.
brainly.com/question/24703884
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Answer:
The correct answer is letter "A": Employees must trust that management will accurately disclose financial and profit information.
Explanation:
Profit-sharing plans are retirement plans that allow only employers to make contributions to the plan. Those contributions are allocated according to the profits the company earns by quarter or year. The firm creates a calculation method to determined what amount is going to be provided to each employee. Then, workers rely on the company's integrity to disclose the true amount of revenue it generated over the past period, and according to it allocate compensations for workers responsibly.
Answer:
C. 2 and 3
Explanation:
Note: Options to the question are as follows "A. 1 and 3
, B. 1 and 4, C. 2 and 3, D. 2 and 4.
FV = PV(1 + r)^t
Future value of a dollar is the value of a dollar if it earns a certain interest fro a specified time. Future value increases with an increase in interest rates and time. Conversely, it decreases with a decrease in interest rates and time.
Thus, Option c is correct.