A good roasting pan would have high sides allowing the juices to stay inside the dish
Answer: a. At the end of Year One, the company's liabilities are understated.
Explanation:
Under the Accrual basis of Accounting, revenue should be recorded for only jobs that have been completed. In other words, only earned revenue should be recorded. Revenue that has not been earned but yet received, is to be termed Deferred revenue and should be treated as a current liability.
In this scenario, there are steps that have not been completed so some of the revenue received should be termed deferred revenue. These should therefore be in current liabilities and because they were not, the liabilities for the end of year 1 will be understated.
Answer:
$ 508304.93
Explanation:
Using the formula for calculating the net present value
NPV = Cash flow / ( 1 + i)^n - initial investment
where NPV = net present value which represent the change in the value of the company
i = the discounted rate and n is the number of years
NPV = 580000 / (1 + 0.075)¹ + 580000 / (1 + 0.075)² + 580000 / (1 + 0.075)³ - 1 000 000 = 539534.88 + 501892.92 + 466877.13 - 1000000 = $ 508304.93 is the change in the value of the company.
Answer:
The correct answer is "$7,630".
Explanation:
Assuming there are four weeks in a month, then
Joe's income will be:
=
= ($)
Zola's income will be:
=
=
= ($)
hence,
The combined gross monthly income will be:
=
=
= ($)
Answer:
1) A: Gross wages do not represent a decrease in net cash received on an employees paycheck. The gross wage s what the employee would have earned if no deductions were made.
2) C: Year to date summaries on a paycheck stub accumulate salaries and deductions in the same way an income statement accumulates revenues and expenses over a period.
3) B: At the end of each accounting period temporary accounts have to be set to zero. Their balances are transferred to permanent accounts.