Answer:
opportunity cost
Explanation:
This is the economical lost of expending the same amount of resources doing other activity that would give you another economic profit.
Answer:
The accounts receivables turnover is 4.85 times
Explanation:
The accounts receivable turnover is a ratio to check the efficiency of the credit and collection department of a firm. It tells on average, how many time the business collects its average accounts receivables. The formula to calculate the accounts receivables turnover is,
Accounts Receivables turnover = Net Sales / Average Accounts receivables
Where,
Average Accounts Receivables = (Opening Accounts Receivables + Closing Accounts Receivables) / 2
The amount of closing accounts receivables for the year is,
Closing accounts receivables = 23500 + 199000 - 164000
Closing accounts receivables = $58500
Average accounts receivables = (23500 + 58500) / 2 = $41000
Accounts receivables turnover = 199000 / 41000 = 4.85 times
Answer:
A) Debit Accounts Receivable, $225; credit Fees Earned, $225
Explanation:
Willis owes Jefferson $225 (= 15 hours x $15 per hour).
The accounts receivable is debited because it represents money owed to Jefferson. Since it is an asset account and it increases, it should be debited.
Fees earned is a revenue account and since it increases, it should be credited.
Answer:Tort of trespass
Explanation:Tort is used in legal terms to mean an intentional or unintentional wrong commited against a person by another person which must have led to damage or losses to the plaintiff.
Tort of trespass is a civil wrong commited by a person through his interference or unapproved use or entry into another person's space.
JOHN COMMITTED A TORT OF TRESPASS AS HE PENETRATED THE LAND OF HIS NEIGHBOR AND DROPPED TRASH WITHOUT THE CONSENT OF THE NEIGHBOR WHO OWNS THE PROPERTY.
Answer:
a. Secured bonds - A secured bond is a bond that is issued with a collateral backing the loan.
b. Callable bonds - A bond that the issuer can call off, or pay off, at any time, not necessarily at maturity.
c. Convertible bonds - A bond that can be converted into equity (stocks). If the bondholder wishes, he can exchange his bond for ownership of stocks in the bond issuer firm.
d. Term bonds - A bond that has one single, specific maturity date.
e. Serial bonds - A bond that has several maturity dates.