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ELEN [110]
2 years ago
9

A company provides services to clients during the period that are neither paid for, nor billed to the clients. What must the com

pany do?
a. Bill the client prior to year end in order to recognize the revenue
b. Record the revenues as a liability at the end of the year
c. Accrue revenue by making an adjusting entry at the end of the period
d. All of the above are true
Business
1 answer:
Arte-miy333 [17]2 years ago
3 0

Answer:

c. Accrue revenue by making an adjusting entry at the end of the period

Explanation:

As in the given situation since it is mentioned that the service is earned but not yet billed or collected so here the revenue is accrued so that the revenue could be recorded by recording the adjusting entry and there is an account receivable at the closing of the period.

Therefore according to the given options, the option c is correct and the same is to be considered

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In the United States banking policies and procedures are set by the:
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Federal Reserve.

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What is the expected return if a firm has a payout ratio of 0.4, a return on equity of 25%, and a dividend yield of 6%
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Answer:

21%

Explanation:

We can calculate the expected return of a firm by add dividend yield and growth rate but in this question, the growth rate is not given therefore we will find growth rate first with the available data

DATA

Payout ratio = 0.4

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Solution

Growth rate = Return on equity x retention ratio

Growth rate = Return on equity x (1 - payout ratio)

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Expected return = 6% + 15%

Expected return = 21%

6 0
2 years ago
A private university offers graduate assistantships to qualified students each year. In exchange for the waiver oftuition, gradu
alina1380 [7]

Answer:

A. tuition revenues of $4,000 and expenditures of $4,000.

Explanation:

If the student is not employed as a graduate assistant required to assist faculty members with research and other activities, we will have one:

a. The student will have to pay $4,000 tuition. This is a revenue to the university.

b. The private university will employ a research assistant and pay him $4,000. This an expenditure to the university.

Therefore, this transactions have to be required as highlighted in a. and b. above to track the actual revenue and expenditure implication of the waiver despite cash does not exchange hands.

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Jackson Drilling Company (JDC) is a U.S. multinational firm that conducts business and holds funds throughout Europe and Asia. T
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The correct answer is letter "B": An Eurodollar deposit.

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A Eurodollar deposit refers to the act of depositing large amounts of money outside the U.S. most of the time to avoid levies and responsibilities. The deposits are not necessarily sent to European countries, it could be anywhere around the world. Most preferred destinations are the Bahamas and Cayman Islands which are considered tax havens.

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