Answer:
Explanation:
The adjusting entries are shown below:
a. Unearned Fees A/c Dr $82,760
To Fees Earned A/c $82,760
(Being unearned fees are adjusted)
For recording the transactions we debited the unearned fees account and credited the fees earned account
b. Accounts Receivable A/c Dr $32,640
To Fees Earned A/c $32,640
(Being accrued fees recorded)
As the earned fees do not bill so we debited the account receivable account and credited the fees earned account
Answer:
The correct answer is letter "C": Temporal orientation.
Explanation:
Holland psychologist Geert Hofstede (1928-2020) proposed there are five dimensions of culture among societies. Those are: <em>Power Distance Index, Individualism Versus Collectivism, Masculinity versus Femininity, Uncertainty Avoidance Index, </em>and<em> Long- Versus Short-Term Orientation.
</em>
Long- Versus Short-Term Orientation <em>or </em>Temporal Orientation <em>represents the time horizon individuals of a given society display. Long-term oriented countries are pragmatic, modest and emphasize virtues. Therefore, the Japanese company of the case would be displaying this type of culture by prioritizing objectives for over twenty years rather than two years.</em>
Answer:
$7.2 million
Explanation:
Calculation for the amount of warranty expense on Angel's 2016 income statement
Using this formula
Warranty expense =Net sales ×Expected percentage of net sales
Let plug in the formula
Warranty expense=$180 million×4%
Warranty expense=$7.2 million
Therefore the amount of warranty expense on Angel's 2016 income statement will be $7.2 million
Answer:
Expected dividend will be $2.44
So option (b) will be correct option
Explanation:
We have given required rate of return = 10.25 % = 0.1025
Value of stock= $57.50
Growth rate = 6 % = 0.06
We have to find the expected dividend
We know that cost of stock is given by
, here
is expected dividend
is return ratio and g is growth rate
So 

So option (b) will be correct option