Answer:
Jasmine recognize $1,940 this year if she uses the accrual method of accounting.
Explanation:
The Accrual or Matching Concept in accounting requires revenues and expenses to be recorded in the period i which they occur or incur.
The entry to record the receipt of payment is :
Cash $15,520 (debit)
Unearned Rental Income $15,520 (credit)
By the end of the year on 31 December, 4 months rent income starting September will have been earned and entries are as follows :
Unearned Rental Income $1,940 (debit)
Rental Income $1,940 (credit)
Rental Income calculation = $15,520 × 4 / 32
= $1,940
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Answer: User
Explanation: Becca has the role of the user of the new copier machines being purchased for their company, because although she isn't the one making the purchase, she is the one who has the duty to operate the machines on a daily basis.
Answer: $700,000
Explanation: Retained earnings is the amount of earnings left with the company after paying for dividends of common stockholders.
Retained earnings break even can be computed as follows :-
where,
retained earnings = net income (1- payout ratio)
= $525,000 (1 - 60%)
= $210,000
therefore,
=$700,000
Answer:
true
Explanation:
The exchange rate is the rate at which one currency is exchanged for another currency
If interest rate is higher in a country compared to other countries, investors would be interested in investing in that country because they would earn a higher return for their investment.
As a result of the higher flow of funds into the economy with the higher interest rate, the demand for the country's currency increases. If the demand increases relative to supply, the value of that currency relative to other currencies increases and its exchange rate increases. this is what is referred to as currency appreciation
