The answer is D. Traditional Values
Estonia is a small country and doesn't have a large amount of capital and workers, so it's not option a and B
Estonia is really famous for the Economic freedom imposed by its Government so the answer is not option c.
Answer:
The journal entry which is to be recorded is shown below:
Explanation:
Contract Price A/c...................................Dr $500,000
Cost of constructionA/c.........................Dr $150,000
Revenue A/c................................Cr $2,000,000
As the company recording the revenue, so the revenue account is credited. It involves the cost of construction which is debited and the contract price account is debited.
Note: The options are missing. So, proving the journal entry in the answer.
Answer:
$61,445.20
Explanation:
we need to determine the present value of an annuity, and the simplest to determine this is by using annuity factors:
number of payments = 20
interest rate = 7%
annuity payment = $5,800
present value of the annuity = $5,800 x 10.594 (PV factor, 7%, n= 20) = $61,445.20
if we do not have an annuity table at hand (or in the internet), the formula used to calculate the annuity factor is:
annuity factor = [1 - 1/(1 + r)ⁿ] / r
Answer:
False
Explanation:
Cash larceny is the action of stealing company cash already been registered in the books of accounts for a specific accounting period. An employee of the company perpetrates the theft. It involves the employee scheming and executing the taking away of cash recorded in the books without the employer's authority.
Cask larceny happens in the cash register, in the safe, or from cash deposits in transit. In most instances, larceny involves small amounts of money. As the cash is recorded in the books of accounts, larceny can be detected with proper cash reconciliation.
Answer:
The answer is E.
Explanation:
In a public company, the directors are the agents of the company while the shareholders are the principals(owners) of the company. Because most times, shareholders doesn't have the needed skills and experience to run businesses, they employ director/management (agent) to run their businesses. Most times there is conflict of interest, for example, the managers might prefer a risky business while the shareholders might prefer less risky, this type of scenario creates agency problem.
Agency problem (principal-agent problem) is a conflict of interest that happens when the directors (agent) don't fully represent the best interest of the shareholders (principal)
So all the options in the question represents agency problem.
