Answer:
The attached file has the answer required.
Interest on notes payable will be a liability as it is accrued. It will still be accounted from the expenses however.
Services is a revenue stream that was not recorded so it will go to Accounts Receivable and Revenue.
Salaries unpaid will become a liability and an expense in the income statement.
Answer:
For correlation 1 the standard deviation of portfolio is 0.433.
For correlation 0 the standard deviation of portfolio is 0.3191.
For correlation -1 the standard deviation of portfolio is 0.127.
Explanation:
The standard deviation of a portfolio is computed using the formula:
(1)
For <em>r</em> = + 1 compute the standard deviation of portfolio as follows:
Thus, for correlation 1 the standard deviation of portfolio is 0.433.
(2)
For <em>r</em> = 0 compute the standard deviation of portfolio as follows:
Thus, for correlation 0 the standard deviation of portfolio is 0.3191.
(3)
For <em>r</em> = -1 compute the standard deviation of portfolio as follows:
Thus, for correlation -1 the standard deviation of portfolio is 0.127.
Answer:
loss on fire and storms 710,000
insurance expense zero as the firm didn't acquire any
Explanation:
Notice it state <u><em>"if the company were to obtain insurance"</em></u> Which means it currently has none insurance.
If the firm had an insurance the amount of losses would be deducted from the insurance policy but there is none so we disclosure the entire loss as a result of the period.
Hence, we should recognize the entire loss on fire and storm damage of 710,000 during the year and no insurance expense.
Answer:
o inferior
Explanation:
The inferior goods shown the inverse relationship between the demand and the income. If the demand of the goods is increased so the income would fall and if the demand of the goods fall so the income would rises
So this represent that the good is an inferior good
Hence, the second option is correct
Answer: Budgeting helps to plan, coordinate , delegate responsibility and enhancing clarity in pursuit of an organisation.
Explanation: Every budgets is principally prepared to achieve a set target but there some limitations which makes it difficult for some companies to prepare and follow through with a budgeted plan action. Some of these limitations at any given point in time affect the activities of the organisation. It may be traced to Production capacity, shortage of labour, materials, space, Finance and customer demand. This limitation can at any point in time affect the overall plan of the organisation making it difficult to achieve their set target .