Answer:
The correct answer is D
Explanation:
The journal entry which is to be posted on December 31, is as:
Rent receivable A/c............................Dr $4,400
Rent Earned A/c...............................Cr $4,400
As the two months rent is not paid so the adjusting entry which is to be posted is that the rent receivable account is debited whereas the rent earned account is credited with the amount of two months rent. (which is $2,200 + $2,200 = $4,400).
Answer:
Grease payments, Option A, are payments to ensure receiving the standard treatment that a business ought to receive from a foreign government, but might not due to the obstruction of a foreign official
Explanation:
Grease payment is like a bribe which is usually small in amount and is provided to a government official or to a businessman with the aim of expediting a business decision. It may also be used in case any shipment or any transaction needs to be expedited.
Grease payments do not change the result of the foreign official's decision, under FCPA. If it changes the consequence, then it is considered a bribe. In that case, grease payments become illegal. It also depends on the amount given to the official and their frequency to decide if it is illegal.
Answer:
Effective Interest Rate
Explanation:
Effective Interest Rate
The market interest rate is the real return on the bonds, or any interest offering investment. It is otherwise known as the effective interest rate. Moreover, there is an inverse relationship between the market interest rate and the value of bonds that means an increase in the market interest rate will result in a decrease in the market values of bonds.
Answer:
Total FV= $678.615.02
Explanation:
<u>First, we need to calculate the value of the annuity at the end of the last payment:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {2,000*[(1.06^30) - 1]} / 0.06
FV= $158,116.37
<u>Now, the total future value after 25 years:</u>
FV= PV*(1 + i)^n
FV= 158,116.37*(1.06^25)
FV= $678.615.02
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