Answer:
Dr. Cash $2,200
Cr. Unearned revenue $2,200
Explanation:
As the entry fee for the the racing event is received in advance. The event is on December 15 and the entry fee is received earlier to decide the participants of the race. This receipt is not considered as the revenue income until the event held and race is over. The unearned revenue is considered as the liability and recorded in unearned revenue account as action from the tony side is due. as Tony completes action which is the racing event, the revenue will be recorded.
The worth of the shares when the stockholder originally purchased them is $1105.
<h3>What are shares?</h3>
Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.
It is assumed that the purchase price of the share is $100. As the stockholder sold her shares for $1,403, making a profit of 27%, it implies that:
127 = $1,403
∴ 100 = $1,403/127 × 100
= $1104.72
Therefore, $1104.72 is the original purchase price of the share.
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Answer:
6780$
Explanation:
We first find 11% of 2000 by the following equation
2000 x .11
From this we get the annual interest 226$
226$ x 30 = $6780
The kind of policy is needed Level term.
With limited payment life insurance, the policyholder refrains from extending the policy to ultimately pay the premium. Instead, you pay the full cost of the policy over time. Term life insurance, also known as pure life insurance, is a type of death benefit that is paid to the policyholder's heirs over a specified period of time.
Life provides whole-life protection at a premium for 30 years. The advantage of this policy is that premiums can be carried forward for 30 years, making life insurance cheaper compared to other limited payment options. Single premium life insurance allows policyholders to make a lump sum payment instead of monthly, quarterly, or yearly payments.
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Answer:
$32,980
Explanation:
The computation of comprehensive income is shown below:-
Comprehensive income = Cash dividend + Unrealized holding gain
= $11,800 + $31,800
= $32,980
Comprehensive income includes net profit and other complete or compression profits.
Net revenue involves operating and non-operating income, net of expenses
. Other comprehensive profits consisted of unrealized gains or losses, cash flow hedges.
So in this question we considered the dividend and unrealized holding gain as an comprehensive income
