Answer:
$12,000
Explanation:
According to the accrual accounting method, the reporting of the transactions should be performed on an accrual basis which means whether or not the payment is paid but it is reported in the account books.
The revenue should be recorded when it is earned or realized and the expenses are recorded when it is incurred
So, in the given scenario, the amount based on accrual basis sales would be
= Goliath sold goods to customers on account + Goliath also sold goods to customers for cash
= $10,000 + $2,000
= $12,000
In my term i would say communication is truly the best key of all basically communications makes you understand certain prospectives and gets you to places and helps you with others.
Answer:
$186,409.7
Explanation:
The computation of the issue price of the bond is shown below:
Cash flows Amount PVF Present value
Semi annual Interest $,7000 13.59033 $95.132.31
Maturity value $200,000 0.456387 $91,277.4
Price of bonds $186,409.7
The number of years is 20
And, the rate of interest is 4%
And please refer to the present value factor table
Answer:
legal system
Explanation:
There are five basic legal systems used in different countries around the world: civil law, common law, customary law, religious law, and mixed legal systems.
Generally business operations are included under common law (US and UK + former colonies) or civil law (based on Roman law used in most of Europe and Latin America), at least in western countries. This includes both North and South America, western European countries, and Australia + NZ.
Personally I don't know about the rest of the non western countries.
Answer:
b. Nina will prefer L to M.
Explanation:
Convex utility of wealth indicates that an individual tends to be comfortable with taking risks.
A concave utility function shows an aversion for risk.
A mean preserving spread occurs when one variable has greater variance than another but they both have the same mean.
In the given scenario prospect L will have a greater variance than prospect M since it is a mean preserving spread.
Given Nina's risk taking preference she will most likely take prospect L that offers more variability over prospect M
