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Answer:
a. Debit Vacation Benefits Expense $16.500: credit Vacation Benefits Payable $16,500
Explanation:
858,000 wages per year / 52 weeks per year = 16,500 per week
The weekly wages for our employees are 16,500 dollars
For each of the two weeks of vacations we will do an adjusting entry by this amount.
Answer: The correct answer is choice A.
Explanation: All of the choices except for A are terms that mean the amount that is originally borrowed in a bond issue, or the amount that is repaid upon maturity. Choice A, indenture, is the bond agreement between the issuer and the bond holders that outlines all of the terms of the bond.
Answer:
0.3797 or 37.97%
Explanation:
According to the scenario, computation of the given data are as follow:-
Wants Rate on return on investment = 50%
Expected value of return on investment = invested amount × (1+g)^t
= $1,000,000 × (1+50%)^5
= $1,000,000 × 7.59375
= $7,593,750
Similar venture would achieve valuation of $20,000,000 for $2,000,000. We can expect that company would achieve similar valuation of $20,000,000 in 5 years from now.
Investor’s share value at 5 years = $7,593,750 ÷ $20,000,000
= 0.3797 or 37.97%
b. They come from socially transmitted information.
Explanation:
Informal institutions -
- Socially shared information and rules
- social rules of informal institutions are usually unwritten rules
- social rules are created, communicated, enforced informal channels.
- do not depend on monitoring by external authority