Answer:
4. Adjusting entries are typically recorded on the last day of the accounting period.
Explanation:
They aer recorded on the last day of the accounting period as we do adjustment for accrual accounting like:
expired prepaid rent, expired prepaid insurance, accrued wages payable, accrued revenues, accrued interest revenues or interest expense, depreication on assets, amortization and other.
Answer:
Liabilities that do not have a fixed due date, but are payable on demand, are reported as long-term liabilities.
Explanation:
As we know that
Balance sheet is classified into three types i.e assets, liabilities and the stockholder equity
The liabilities are further categorized into current liabilities and long term liabilities
In the case of long term liabilities they do not contain a fixed due date and are payable on demand basis and the same is to be reported as a long term liabilities in the balance sheet
Answer:
PV= $45,489.44
Explanation:
Giving the following information:
Discount rate= 10%
Cash flow= $12,000
Number of years= 5
First, we need to calculate future value. We will use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual cash flow
FV= {12,000*[(1.1^5) - 1]} / 0.1
FV= $73,261.2
Now, the present value:
PV= FV/(1+i)^n
PV= 73,261.2/1.1^5
PV= $45,489.44
Im not really sure. Its all based on beliefs.
Answer: (D) Increase in labor productivity
Explanation:
When the labor productivity get increased then, it lead to sustain the long run economical growth. When there is high productivity then, the cost of the product or goods gets lower. When there is increase in the demand then it lead to increase the revenue.
The economical growth is basically refers as when the economy raise the productivity rate then it trend to increase the growth of the national overall result. Technological advancement is one of the important factor in development of the Long run growth.
