Answer:
a.balance sheet as a current liability
Explanation:
Unearned fee refers to money received from a customer for services not yet done, or for goods not delivered. It is a prepayment for work not yet done. Unearned fees are reported in the accrual accounting system. The economic activity that results in earning revenue has not been executed.
Unearned fees create an obligation for the business to honor. The business becomes indebted to the customer who has made a prepayment. An unearned fee is thus a debt and has to be recorded as a liability. In practice, the service or goods paid for in advance should be delivered within the same period. Therefore, the unearned fee is recorded as a current liability.
Answer:
Household using 1000 cubic feet: charge per cubic foot is $0.04
Household using 1600 cubic feet: charge per cubic foot is $0.034375
Explanation:
Household using 1000 cubic feet
Bill = $40
Volume of water used = 1000ft^3
Charge per cubic foot = $40/1000 = $0.04
Household using 1600 cubic feet
Bill = $55
Volume of water used = 1600ft^3
Charge per cubic foot = $55/1600 = $0.034375
Answer:
(a) $51.92
(b) She will face a loss of $7.66
Explanation:
(a) Market Value of Preferred Stock:
= Dividend ÷ Required Return
= $5.40 ÷ 10.4%
= $51.92
(b) If she sells the stock when the required return on similar-risk preferred stocks has risen to 12.2%.
Market value of the securities:
= $5.40 ÷ 12.2%
= $44.26
therefore,
Market value of the securities - Market Value of Preferred Stock
= $44.26 - $51.92
= $7.66
She will face a loss of $7.66
Answer:
429,260
Explanation:
Contract commencement date = July 1 , 2021
Contract payment term = $56,000 / annual
Additional 15% ($8,400) at the end of each year if occupancy exceeds 90%
Estimate of meeting occupancy threshold = 30%
At the year end 2012, Contract timeline = 6 month (1/2 year)
Base revenue recognized 56000/2 = $28,000
Additional payment = (8400*30% )/2 =$1260
Revenue recognized at December 31 , 2021 = $28000+ $1260 = $29,260
Answer:True
Explanation:
The critical incident method is a case in which a supervisor notes an unusual event that denotes superior or inferior employee performance in some part of their job and when completing the evaluation form, the supervisor refers to the critical incident and uses the information to substantiate an employee's rating.
