Answer: Option B
Explanation: In simple words, closing entries refers to the journal entries which are made at the end of an accounting period for transferring the temporary account balances into permanent accounts.
These entries are made to close the four accounts for clear depiction of capital at the end of they year, these accounts are income, expenses, income summary and dividend account.
The objective behind making such entries is to clear the temporary accounts balance to zero for the next accounting period.
So you are more experienced when making future investments, you have more positive spending habits and can afford things other may not be able to at that age.
Answer and Explanation:
According to the scenario, computation of the given data are as follow:-
A).Present Value of the Cash Flow for the Lump Sum Payout
= Prize of Lottery Amount × (1 -Tax Rate)
= $506,300 × (1 - 0.46)
= $506,300 × 0.54
= $273,402
B).Present Value of the Cash Flows for Annuity Payout is
= Annuity Payment × (1 - Tax Rate) × PVIFA 8%,20 Years × (1 + Rate of Return)
= $37,000 × (1 - 0.26) × 9.8181 × (1 + .08)
= $37,000 × 0.74 × 9.8181 × 1.08
= $290,325
c). According to the analysis, $290,325 is more than the $273,402, So he should be chooses option (b) $290,325 as a payout option.
In a marketing communication process, the class of consumers who read, hear and see the message sent by a source are known as the receivers.
In marketing, the communication process consists of nine elements including the sender, receiver, encoding, decoding, message, media, response, feedback and the noise
The element of marketing that read, hear, or see the message sent by a source during the marketing communication are the receiver because they decode and digest the message.
In conclusion, the consumers are called the receivers in a marketing communication process.
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