Answer: Birth rates and death rates are high.
Explanation:
In industrialized countries the life expectancy is reasonably high, so it's false to state that the death rate is high.
Also in industrialized countries birth is controlled as against developing countries that don't really put birth control measures.
Answer:
c. Debit Unearned Subscriptions $13,800; credit Subscriptions Income $13,800
Explanation:
Based on the information given the correct appropiate adjusting entry at December 31, 20X1, is to Debit Unearned Subscriptions $13,800 and Credit Subscriptions Income $13,800
December 31, 20X1
Debit Unearned Subscriptions $13,800
Credit Subscriptions Income $13,800
(3/12*$55,200=$13,800)
(October 1 to December 31 will gives us 3month)
Answer: $42.63
Explanation:
To calculate this we will add the present value of Future cash flows (dividends) to the present value of the stock.
Dividend per share one year from now is,
= 238/100
= $2.38
Stock Price a year from now = $46
Discount rate is $13.5%
PV of sum = 2.38/(1+0.135) + 46/ (1 + 0.135)
= 42.6255506608
= 42.63
$42.63 is the Intrinsic value of the stock.
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The expense recognition (matching) principle, as applied to bad debts, requires: the use of the direct write-off method for bad debts.
The matching principle is aa basic guideline in accounting. This principle is used to determine where debts need to go when accrual journals and adjusting entries are being made for a companies reports. The direct write-off method where a company immediately charges off bad debt from sales revenue.
