Answer:
- $1,590,790
- $300,000
- $165,000
Explanation:
1. The company performed services but did not record them. Those services were for 2021 and so should be counted in 2021's income statement.
= 1,425,790 + 165,000
= $1,590,790
2. Coaster Trucks received $300,000 even though they have not yet provided the services for it.
The Unearned revenue = $300,000
3. Coaster Company had performed services worth $165,000 that were neither billed nor paid for. When they record t, it will be owed to them so it will be an Account Receivable.
Accounts Receivable = $165,000
Answer: Option A
Explanation: In simple words, return on investment refers to the mount of profit that an investor earns in relation to the cost he or he incurs by undertaking an investment.
It is used as a performance measure to evaluate the efficiency and effectiveness of a project by comparing it with other investments having some characteristics.
Hence from the above we can conclude that the correct option is A .
Answer:
No journal entry is required
Explanation:
As if we assume that the disposal of equipment is done in the year 2022 but the original error was discovered in the year 2023 after issuing the 2022 financial statements
Based on the above information, the correct entry for the year 2023 is that no journal entry is required for this transaction and the same is to be considered
Answer:
Farming Art Inc. should deposit $284.42
Explanation:
Giving the following information:
Framing Art Inc. will need to purchase two new cashier machines in 2 years, for $148 each. A savings account pays 2% per year compounded quarterly.
Total cost=148*2= $296
To calculate the monetary value to deposit today, we need to use the following formula:
PV= FV/(1+i)^n
FV= 296
i= 0.02/4= 0.005
n=2*4= 8
PV= 296/1.005^8= $284.42
Answer:
A. a clear message and positive ethos
Explanation:
Clarity in communication refers to being effectiveness in conveying the intended message. Clarity in speech is a must for any speech as it aids in better comprehension of the message by the listener.
Ethos refers to the creation of authority and command in speech. It also refers to whether the speaker is able enough to speak on a subject or is he the right person to speak on such a matter.
Through ethos, the speaker establishes his command over the subject he has chosen to speak upon.
Positive ethos would mean displaying a positive body language while speaking and maintaining calm and open to questioning and providing the required response. It refers to building an amiable rapport with listeners.
