Industrialized nations have become credential societies. Employers use diplomas and degrees as sorting devices to determine who is eligible for a job. Schools will "weed out the incapable"
A credential society is one in which degrees and diplomas are used to determine employment eligibility. Employers, particularly in urban areas, who must choose from a pool of anonymous applicants, require a system for determining who is and is not capable of working. Those who have earned a college diploma have shown responsibility, consistency, and, presumably, basic skills. Some occupations necessitate highly specialized training that employers cannot provide.
The demand for credentials has grown to such an extent that it is altering the face of higher education. Many students who attend college for a year or two (or even a two-year associate degree) and then enter the workforce in an entry-level job may find that they need a four-year degree.
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The journal entries to record the January billings of the hospital are as follows:
Debit Accounts Receivable $1,700,000
Debit Finance Charge $300,000
Credit Service Revenue $2,000,000
- To record the services provided.
Data Analysis:
Accounts Receivable $1,700,000 ($2,000,000 x 85%) Finance Charge $300,000 Service Revenue $2,000,000
Thus, the hospital will split the billing for January into two: the <em>amount it will receive</em> and the finance charge for using the third-party payer.
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Answer:
The stock dividends are not taxable in 2009 for this case
Explanation:
A. According to the US taxatation regulation in this particular case the stock dividend is not taxable because it is <em>pro rata</em> to all the shareholders.
<em>pro rata means proportional.</em>
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Answer: The current market price is below the PV
Explanation:
The discounted cash flow method is when the time value of money is being used to value a project, security, company, or an asset.
When the discounted cash flow method is used to determine the appropriate value of a security, it is vital to buy the security when the current market price is below the present value.
