Answer:
1. Prepaid insurance (Dr.) $6,300
Cash (Cr.) $6,300
2. Cash (Dr.) $15,300
Unearned Income (Cr.) $15,300
3. Purchases (Dr.) $1,750
Accounts payable (Cr.) $1,750
Cost of Goods Sold (Dr.) $1,620
Ending Inventory (Dr.) $130
Purchases (Cr.) $1,750
4. Prepaid office rent (Dr.) $6,300
Cash (Cr.) $6,300
Explanation:
The adjusting entry is a journal entry recorded at end of accounting period to adjust events or transactions to comply with the accrual concept.
The closing entries are journal entries required to close a transaction or event in the period. The purpose is to follow matching concept of accounting.
Answer:
(a) INDICATOR OF FRAUD
Explanation:
The reason is that the supervisor has an outside business setup related to the department's setup which gives rise to a conflict of interest.
Answer:
d. Are the most trustworthy signs of good management
Explanation:
The strategy refers to the planning through which the company could able to accomplish its goals and objectives within the prescribed time set by the company
The goods strategy mostly achieved the company targets within the standard time set by the company. And if the combination of both the good strategy and execution of the good strategy leads to the sign of good management i.e become trustworthy.
hence, the last option is correct
Answer:
Throughout this circumstance, the financing approach may be used by Tina Technology through fundraising as well as demand protection from either the SEC.
Explanation:
The following were all those requirements:
The Crowdfunding framework encourages eligible organizations to deliver as well as sell entrepreneurship security.
- The principles mandate all transactions together underneath the Crowdfunding Legislation to take place online by an SEC-registered representative, whether through a distributor provider or via a fundraising access.
- Control the amount that individual financial professionals will impose on certain cryptocurrency donations over a term of one year.
- For even the most portion, insurance purchased through a crowdfunding marketplace will not be traded once per season. General guide Crowdfunding donations rely on exclusion structures for "troublemakers".
The original investment that Rob made was $4,981 with the rate of interest of 11% per year for 18 years.
<h3 /><h3>What do you mean by present value?</h3>
Present value (PV) refers to the current price of a future amount of money or move of cash flows given a certain price of return. Future cash flows are discounted at the discount price, and the better the discount price, the lower the present price of the future cash flows.
As per the given information:
A: $32,595
P: ?
r: 11%
n = 18 years
Therefore, The original investment that Rob made was $4,981 with a rate of interest of 11% per year for 18 years.
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