Answer:
Detailed step-wise solution given in the table attached.
On December 31st Griffen Publishing Company should debit Unearned Fees, - $1,161 and credit Fees Earned $1,161.
To solve for the first year = (total amount received/number of months) x accrued number of months
($1,546/36 months) x 9 months = $387
$387 dollars was earned the first year from the subscription.
To solve for the second year, subtract the total amount of $1,546 by the first years total of $387 and the amount that is left is from year two.
($1,546 - $387) = $1,546
The practice of project close-out gives a systematized phase of handling on closing a project. Examples are Administrative Closure and Contract Closure. The purpose is to assess the whole outcome of the phases done with documentation whether goals were achieved or not. At the end, lessons are extracted to continue. Best practices are further improved and given value. Furthermore, this would serve as the basis for other more related and associated projects.
Answer:
Abe = $17.5
Bae = $57.5
Explanation:
Abe's principle = $5,000
Bea's principle = $ 20,000
Abe individual investment yield at 0.41% = (5010-5000) = $10
Bae's individual investment yield at ) 0.50%= (20000-20050) $50
Combined investment yield at 6 % = (25,075 - (20,000+5000) = $75
Extra interest yield = (75-(50+10) = $15
The extra interest yield of $15 should be shared equally among Abe and Bae as a result of joint effort
= 15/2 - $7.5
Therefore , the $75 interest is shared as below
Abe = $10 (interest on individual principle)+$7.5 = $17.5
Bae = $50 (interest on individual principle)+$7.5 = $57.5
Answer:
The mission statement answered the questions on what is our reason for being? while the Vision part answered question such as what do we want to become?