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jek_recluse [69]
3 years ago
9

Neeta Landscaping Company provides lawn care services to a customer and immediately receives $45. Which of the following describ

es how the company will account for this transaction?
A. Debit Other operating expense for $45
B. Credit Cash for $45
C. Credit Service Revenue for $45
D. Retained earnings decreased by $45
Business
1 answer:
lukranit [14]3 years ago
3 0

Answer:

C. Credit Service Revenue for $45

Explanation:

The journal entry to record this given transaction is shown below:

Cash A/c Dr $45

        To Service Revenue A/c $45

(Being the cash received is recorded)

At the time of receiving the cash, we debited the cash account and since the service is provided so we credited the service revenue. Both the accounts are to be credited and debited for $45

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Answer:

The owner will maximize value if it waits 29th years Assuming 5% continuos inflation

Explanation:

the price formula for the future years is:

v = 301000 + 960 t^{2}

while it is adjusted for inflation at:

v \times e^{-0.05t}

so the complete formula for value is:

\frac{301000 + 960 t^{2}}{e^{0.05t}}

Now, we can derivate and obtain the roots

Getting at a root exist at the 29th year.

The owner will maximize value if it waits 29th years Assuming 5% continuos inflation

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3 years ago
Fred and Torrie Jones are a retired couple looking for income. They are currently rebalancing their portfolio of stocks to inclu
sergey [27]

Answer: E

Dividend yield

Explanation:

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4 0
3 years ago
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One day, Barry the Barber, Inc., collects $500 for haircuts. Over this day, his equipment depreciates in value by $80. Of the re
zheka24 [161]

Answer:

Gross Domestic Product

= $500

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Net National Product:

= GDP - Depreciation

= 500 - 80

= $420

National Income

= $420

<em>This is the income that a resident of the country earns and $420 is what Barry earned in net income.</em>

Personal Income

= National income - Retained earnings

= 420 - 120 - 50

= $250

Disposable Personal Income (Dollars)

= Personal income - income taxes

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4 0
3 years ago
A corporate bond has a face value of $1,000 and a coupon rate of 9.5%. The bond matures in 12 years and has a current market pri
joja [24]

Answer:

5.71%

Explanation:

The after tax cost of debt=pretax cost of debt*(1-t)

where t is the tax rate of 35% or 0.35

pretax cost of debt=yield to maturity

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=rate(nper,pmt,-pv,fv)

nper is the number of coupon interest payable by the bonds i.e 12 coupons in 12 years

pmt is the annual coupon=$1000*9.5%=$95

pv is the current market price-flotation cost=$1,100-$48=$1052

fv is the face value of $1000

=rate(12,95,-1052,1000)=8.78%

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6 0
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What is a project managers biggest responsibility
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