Answer:
$190
Explanation:
Interest Revenue is the form of income which is earned by lending some money or investing in debt securities.
As the Note is issued on February 1, 2021 and it will expire on August 1, 2021.
As both dates lies in 2021, so all the interest earned from note receivable will be reported as interest revenue.
Interest Revenue = $3,800 x 10% x 6/12 = $190
Answer:
D) not liable.
Explanation:
Duty of Care is the legal expectation from individuals and businesses in the course of discharging their duties, not to engage in conduct that could be foreseen to predispose others to danger or harm. The Duty of Accounting or accounting responsibility requires an accurate record of transactions. Liability implies being legally answerable. In business transactions, businessmen owe it to their customers to provide their services and products in the best possible way so as to prevent causing harm to them. Employees also owe it to the organization they work for to discharge their duties carefully to avoid causing them loss.
Blythe's honest error in overestimating the value of a particular stock purchase is a mistake that anyone can make and can be easily corrected. Her company would not go the long route of taking her to court over such a mistake. Therefore, Blythe is not liable to her company.
Answer:
The answer is A.) Recognized in the current period, regardless of whether the percentage-of-completion or completed contract method is employed.
Explanation:
The long -run cost function can be estimated using either time-series cost-output data collected on a plant (or firm) whose size has been variable over time, or cross-sectional cost-output dasta collected on a sample of plants,(firms) of different sizes at a particular point on time.
Answer:
The PV is 125,000
Explanation:
We need to solve for the present value of a perpetuity:
![\frac{Installment}{rate} = PV_p](https://tex.z-dn.net/?f=%5Cfrac%7BInstallment%7D%7Brate%7D%20%3D%20PV_p)
The yearly amounts are 10,000
while the current interest rate is 8% = 8/100 = 0.08
10,000 / 0.08 = 125,000
the perpetuity is worth 125,000 dollars
Note, when the market rate changes the value of the perpetuity also changes as the constant cash flow is dividend over a larger or lower rate generating smaller or higher amounts, respectively