Answer:
A. an overstatement of net income and an understatement of liabilities.
Explanation:
<span>4% X 18 (years) = 72.
Therefore, the investment will double in 18 years.</span>
Answer:
unearned service revenue 7,500 DEBIT
service revenue 7,500 CREDIT
Explanation:
the job is complete on July 31th
so <em>we write-off the unearned service reveue</em>
and <em>we recognize the service revenue </em>for the whole amount of the contract
The cash receipt occurs on March 1st so w edon't haveto post anythign related to cash on July 31th.
the unearned revenue account is used first because the business has the obligation of perform the job or return the cash. So it is a liablity until the job is completed
The correct answer is D) There are problems with security and privacy.
The main disadvantage of moving to e-money LOADING... or moving to a cashless society is "There are problems with security and privacy."
Technology has brought many advantages to the way people do business, facilitating transactions, bank payments, deposits, and many more functions. However, it also has risks and disadvantages. The most important risk that has already affected thousands of people is the security and privacy of data.
There have been cases such as the clients of Target supermarket that suffered from stolen information and hackers used their credit cards to make purchases. Private concerns of data uploaded on social media sites such as Faceb*ok have been used to other purposes and the President of this company had to testify members of the US Congress.
Arthur could save $113.00 by buying the skates instead of renting it for $4.00 for 4 weeks in a month, and 12 months in a year.
4.00 x 52 (weeks) = 208.00
208.00 - 79.00 (buying price) = 129.00
