6. Why do American business owners try to avoid accepting Canadian coins?

Cash received before services are performed may be recorded as a debit to a Cash account and a credit to a liability account is

Orlov [11]

Answer: An unearned revenue

Explanation: When any individual or entity receives money from customers for such service which has not been performed yet, then such income is termed as unearned revenue.

Unearned revenue is considered to be the liability of the recipient and and asset for the payee.

So from the above explanation we can conclude that right option is unearned revenue.

8 0

3 years ago

Distinguish between the direct and indirect strategies. when is each appropriate.

natali 33 [55]

Answer: Depends on Content and Audience.

Explanation:

Deciding which strategy to use depends on the content of the work to be presented or the audience being presented to.

If the content is positive or if the audience are Positive or neutral about the work to be presented, the Direct Strategy is preferable. This refers to stating the conclusion or main idea at the beginning of the presentation and then working to explain it.

However, if you deduce that the audience are not positive to the content or that the content is not exactly good news or positive, it would be best to use the Indirect approach. With this approach you start with the evidence and other information then state the conclusion or main idea towards the end. This gives you the opportunity to win the audience over or at least explain why the content is negative before they reach the conclusion.

5 0

3 years ago

Suppose the Simmons Co's common stock has a beta of 1.37, the risk-free rate is 3.4 percent, and the market risk premium is 8.2

notsponge [240]

Answer:

WACC 0.1030590%

Explanation:

First we use CAPM to solve the Cost of Equity

$Ke= r_f + \beta (r_m-r_f)$

risk free 0.034

market rate

premium market market rate - risk free 0.082

beta(non diversifiable risk) 1.37

$Ke= 0.034 + 1.37 (0.082)$

Ke 0.14634

Then we calculate the WACC

$WACC = K_e(\frac{E}{E+D}) + K_d(1-t)(\frac{D}{E+D})$

Ke 0.14634

Equity weight 0.55

Kd 0.076

Debt Weight 0.45

t 0.34

$WACC = 0.14634(0.55) + 0.076(1-0.34)(0.45)$

WACC 0.1030590%

8 0

3 years ago

Explain the importance of decision making in management

Mariulka [41]

Answer:

Decision-making is perhaps the most important component of a manager's activities. It plays the most important role in the planning process. When the managers plan, they decide on many matters as what goals their organisation will pursue, what resources they will use, and who will perform each required task.

3 0

3 years ago

At the end of April, Cavy Company had completed Job 766 and 765. According to the individual job cost sheets the information is

bija089 [108]

Answer:

a)

Job Direct Materials Direct Labor overhead Total Job cost

Job 765 $6,160 $1,848 $3,366 $11,374

Job 766 $10,944 $3,456 $9,792 $24,192

b)

For Job 765 = $86.167

For Job 765 = $126

Explanation:

Data provided in the question:

Job Direct Materials Direct Labor Machine Hours

Job 765 $6,160 $1,848 22

Job 766 $10,944 $3,456 64

Overhead rate = $153 per hour

Job 765 consisted = 132 units

766 consisted = 192 units

now,

Overhead = Machine Hours × Overhead rate

For Job 765 = 22 × 153

= $3366

For Job 766 = 64 × 153

= $9792

Total job cost i.e balance on the job cost sheets

= Direct Materials + Direct Labor + overhead

a)

Job Direct Materials Direct Labor overhead Total Job cost

Job 765 $6,160 $1,848 $3,366 $11,374

Job 766 $10,944 $3,456 $9,792 $24,192

b)

Cost per unit = [ Total job cost ] ÷ Total units

For Job 765 = $11,374 ÷ 132

= $86.167

For Job 765 = $24,192 ÷ 192

= $126

8 0

3 years ago