Answer:
cash 7,600
nearned revenue 7,600
cash 7,300
refundable deposist 7,300
cash 57,100
refundable deposist 7,300
unearned revenue 7,600
service revenue 76,000
sales tax expense 45,600
state tax payable 30,400
local tax payable 15,200
Explanation:
(1) as the services are not yet perform, this is a liability for Chicago Glass Corportation. It assumes to obligation of do this services.
(2)This will be refund once the job are complete and the containers returned in good form
(3) 72,000 - 7,600 = 64,400 - 7,300 = 57,100
Chicago deduct rom the invoince the previous payment and the refundable deposits once the transaction is finished.
(4)
760,000 x 4% = 30,400
760,000 x 2% = 15,200
30,400 + 15,200 = 45,600
Answer:
disabled veterans living on fixed (non-adjustable) government transfer payments
Explanation:
Here the group income should remains the fixed or same for the time period so at the time when the price of the goods rised up or the value of the money reduced so it would become hard for the inflation event
Therefore the group of people who deals in veterans i.e. disabled and lived on fixed government transfer payment should be worst impacted by the inflation
The Discount rate reflects the opportunity costs of spending funds now versus achieving a return through another investment, as well as the risks associated with not receiving returns until a later time.
Explanation:
The discount rate relates to the interest rates on loans that the Federal Reserve Bank borrows from central banks and financial institutions through the commercial bank loan mechanism.
The rate of barriers, financial assets and discount rates are all equal. The next best potential investment option with a comparable risk profile wins the rate of returns. The word ' opportunity expense' is a clear and generic concept that can be used any day of the day.
Answer:
Four significant types of financial measures are :-
1. Profitability or re-turn on investment :- rate of profitability is utilized by the top administrator to know the increase or profit for the speculation comparative with the measure of cash contributed. This is likewise utilized by the supervisor to know the gross productivity, net benefit, return on resources, rate of profitability, gaining per share, speculation turnover and deals per representative.
2. Liquidity ratio :- liquidity proportion is utilized by the top chief to realize the organization's capacity to pay its present commitment. organization's liquidity proportion incorporates current proportion, speedy proportion, money to add up to resource, deal to receivable, Days' receivables proportion, Cost of deals to payable, and money turnover.
3. Leverage ratio:- Leverage ratio is utilized by the chief to know the solvency of the organization. Influence incorporates Debt to value proportion, Debt proportion, Fixed to worth proportion, and Interest inclusion.
4. Efficiency ratio - productivity proportion is utilized by the top supervisor to gauge the organization's capacity to utilize its assets and oversee liabilities successfully for the time being. It incorporates Annual stock turnover, Inventory holding period, Inventory to resources proportion Inventory/Total Assets, Accounts receivable turnover Net (credit) Sales/Average Accounts Receivable and Collection period 365/Accounts Receivable Turnover
