Answer: they had more security
Explanation:
Answer:
Increase
Increase
Explanation:
When wealth increases, the disposable income of individuals increases and individuals are more willing and able to invest in stocks and long term bonds.
I hope my answer helps you.
Answer:
B) 4.0%
Explanation:
to calculate the property tax rate we can use the following formula:
property tax rate = (total budget - non property tax income) / (total asses value of properties - total exemptions)
property tax rate = ($108 - $50) / ($2,000 - $550) = $58 / $1,550 = 0.037 ≈ 4%
Answer: True .
Explanation:
In accrual accounting, revenue is entered when it is earned and expenses are entered when they are incurred.
Deferred revenue is money received by a company in advance of having earned it. In other words, deferred revenues are not yet revenues and therefore cannot yet be reported on the income statement.
As a result, the unearned amount must be deferred to the company's balance sheet where it will be reported as a liability.
When your company receives a customer deposit or prepayment on a sale, that payment occurs in advance of the actual sale and is therefore considered unearned revenue. Deferred revenue flows between the balance sheet and the income statement as revenue.
<u>Calculation of retained earnings beginning balance:</u>
Retained earning beginning balance can be calculated using the following formula:
Retained earnings ending balance = Retained earning beginning balance + Revenue – Expenses - Dividends
Hence using the given information we can solve the equation as follows:
3,050 = Retained earning beginning balance + 1935 – 1065 - 550
3,050 = Retained earnings beginning balance +320
Retained earnings beginning balance = 3050-320 = $2,730
Hence, Retained earnings beginning balance is <u>$2,730</u>
