Answer: True
Explanation:
As a result of the Accrual principle in accounting, transactions need to be recorded in the period that they occur in and not in the period they are paid for in.
The interest in Year 1 was incurred in year 1 and so will need to be recorded in year 1 for the period from issuance of the note to the last day of the accounting period.
This means that if the last day of the accounting period is December 31st, the interest for year 1 would have to be accrued from September to December of year 1 and recorded as year 1 interest.
Answer:
Performance-reward relationship
Explanation:
Jaime is used to having her high performance (top sales rep) earn her the rewards of recognition and success. Now that someone who hasn't reached the same level of performance that she has but got all the rewards (the promotion) she can no longer trust that better performance will lead to better rewards. When trust in work relationships is broken, people will lose satisfaction and search for new opportunities.
"Accountability" in journalism: Journalism businesses typically apprehend this principle of duty through admitting mistakes and correcting them promptly, as referred to in SPJ's Code of Ethics. most additionally submit complaints in their news efforts contained in letters to the editor.
The definition of accountability is taking or being assigned duty for something that you have executed or something you're presupposed to do. An example of responsibility is when a worker admits mistakes she made on a challenge.
Accountability, in phrases of ethics and governance, is equated with answerability, blameworthiness, legal responsibility, and the expectancy of account-giving. As in a thing of governance, it's been central to discussions related to problems in the public quarter, nonprofit, and personal and personal contexts. duty is a guarantee that a man or woman or an agency could be evaluated on their performance or behavior associated with something for which they're responsible. The term is associated with obligation but is seen as greater from the attitude of oversight.
Learn more about Accountability here:
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Answer:
$0
Explanation:
In this method, the transaction reporting will be performed on an accrual basis which means whether or not the payment is paid but it is reported in the account books.
Once the expenditure is incurred or the revenues is earned the same is to be recorded in the books of accounts whether cash paid or not and in case of revenues whether cash received or not
In the given case, the Canon corporation sells on October 15 so it would be recorded on October itself .
Therefore, no revenue would be recognized on the month of November
Answer: Start = $300 million
End = $318.59 million
Explanation:
NAV can be calculated by dividing the funds Assets net of Liabilities by the total number of outstanding shares.
At start of the year NAV is $300 million and NAV per share is therefore,
= 300 million/ 10 million
= $30 per share.
Ending NAV
During the year the fund made Investments and increased by a price of 7%
= 300 million (1 + 0.07)
= $321 million
We still have to subtract the 12b-1 fees that the fund charges though and that would result in,
= 321 million * (1 - 0.0075)
= 318.5925
= $318.59 million.
Dividing this by the total number of outstanding shares we have,
= 318.59 /10
= $31.86
$31.86 is the NAV per share at year end.
