Answer:
The main difference between Accrual and Cash Basis accounting is the moment when an income or expense is recorded.
Cash Basis recognize and record an income or an expense only when cash is transferred between the parties. However, Accrual Basis recognize them as soon as they occur without the need of cash transaction.
Based on the precious the most used Method is the Accrual Basis, thus, the easiest method, as it does not have to way to the cash operation to record the revenue or the expense.
Answer:
$28.57
Explanation:
The holders of ZZZ corporation bonds with a face value of $1000
It can be exchanged for 35 share of the stock
The stock is being sold for $25.00
Therefore, the conversion price can be calculated as follows
= $1000/35
= $28.57
Hence the conversion price is $28.57
Answer:
<u>Cyclical unemployment</u> is 0% as the unemployment is in equilibrium, so it is no recession or boom.
<u>Structural unemployment</u><u> </u>is 20/500=4% There workers are not able to find jobs which is possible with their skill sets, thus it is part of structural unemployment,
<u>Frictional unemployment</u> is 10/500=2% as there is a time lag in finding the job they want and this is due to that.
Answer:
$198
Explanation:
Two brothers Mark and Rick each inherit $6,000
Mark invests his money in a savings account with an annual return of 2.5%
After one year the interest payment that will be received by Mark can be calculated as follows
= $6,000 × 2.5/100
= $6,000 × 0.025
= $150
Rick invests his portion of the money in a CD paying 5.8% annually
The amount of interest that will be received by Rick after one year can be calculated as follows
= $6,000 × 5.8/100
= $6,000 × 0.058
= $348
Therefore the amount of money that Rick has over Mark after a period of one year can be calculated as follows
= $348-$150
= $198
Hence Rick has $198 more than Mark after one year
