Answer:
The accrual principle
The main purpose of adjusting entries is to update the accounts to conform with the accrual concept. At the end of the accounting period, some income and expenses may have not been recorded, taken up or updated; hence, there is a need to update the accounts.
Brenda was planning a small dinner party, and had gone to a new specialty food store with coupons she'd found in the food section of the paper. At the store she also found a "buy one, get one free" deal, and a gift offered with the purchase of a particular dessrt. She alterd the menu as a result of the decision based on the papers she have and ended up spending less than she'd planned.
Answer:
making a profit
Explanation:
Profit making refers to the operations in which an individual or an organisation tries to sell their output in access of their production cost . In simple words, every individual that starts a business initiates it with the primary objective of earning income from those activities.
It is seen as the main incentive as no business could stand in the market without making sufficient profits for running and expanding their operations in the long and short run.
Thus, from the above we can conclude that the correct option is D.
Answer and Explanation:
Given:
Bond price = $10,000
Dividend rate = 7.9% per year
A. Computation of Dividend receive each 6 months :
Dividend rate for 6 month = 7.9% / 2 = 3.95% = 0.0395
Dividend receive each 6 months = Bond price × Dividend rate for 6 month
Dividend receive each 6 months = $10,000 × 0.0395
Dividend receive each 6 months = $395
B. Computation of amount receive at the end of ten years:
Amount receive at the end of ten years is equal to face value of bond
Amount receive at the end of ten years = $10,000
Answer:
D. 11%
Explanation:
Step 1. Given information.
400,000
500,000
300,000
400,000
2,000,000
Step 2. Formulas needed to solve the exercise.
- Addition of the cumulative shares = 400,000 + 500,000 + 300,000 + 400,000 + 2 million = 3.6 million.
-
self share = 400000 = 0.4 million
- David Shares = self share / addition of cumulative shares
Step 3. Calculation. and Step 4. Solution.
David's share = 0.4/3.6 = 11%
