Answer:
60
Explanation:
Following are the appropriate terms that are used in Business terms.
Explanation:
1. Advance income received - As it is prepaid
2. Stock / Current Asset - Depending upon the choice given
3. Advance interest received - Prepaid Advance
4. Accrued rent- Amount yet to be credited
5.Outstanding Expense - That is yet to be paid
6. Accrued Income - Revenue yet to be generated
7.Prepaid Expense - Paid in Advance
8. Outstanding Interest - Yet to be paid.
Above are the proper words that are used to in the Business terms that are globally used by any kind of enterprise.
The statements refer to common business and accounting concepts such as deferred revenue, accrued revenue, and prepaid expense among others. These terms help in recognizing and recording revenue and expenditures in the right accounting period.
Here are the appropriate terms for each statement:
Deferred Revenue - A revenue not yet recognized; collected in advance.
Prepaid Expense - Office supplies on hand that will be used in the next period.
Unearned Revenue - Interest revenue collected; not yet recognized.
Accrued Revenue - Rent not yet collected; already recognized.
Accrued Expense - An expense incurred; not yet paid or recorded.
Unbilled Revenue - A revenue recognized; not yet collected or recorded.
Prepaid Expense - An expense not yet incurred; paid in advance.
Accrued Interest - Interest expense incurred; not yet paid.
#SPJ3
Answer:
Increase price.
Explanation:
Price elasticity is the degree of responsiveness of quantity demanded to changes in price. Ideally as price increases quantity demanded reduces. When prices reduce quantity demanded increases.
As a new manager of Rock Record company, if the economics consultants inform you the price elasticity is less than one it means quantity does not change with increase in price.
So price can be increased without a corresponding decrease in price. The goal of higher revenue can be achieved by increasing the product price.
Answer:
The correct answer is: increase prices.
Explanation:
Price elasticity refers to the changes in quantity demand after the change in price for a good or service. Elasticity is calculated by dividing the percentage in quantity demanded by the percentage change in price. If the result is equal or greater than one (1) the demand is elastic. If the result is lower than 1 the demand is inelastic.
Thus, in the case given, Rock Record Company has an inelastic price demand since it is lower than 1. It implies changes in price are unlikely to change the quantity demanded. As the company needs to increase the revenue, the easiest method to achieve that is to raise the product prices.
Answer:
Accounts receivable turn over is 16.64
Explanation:
To compute accounts receivable turn over ratio, we simply divide net credit sales over the average accounts receivable.
Accounts receivable turn over ratio = $1,240,000/$74,500
= 16.64
The higher the ratio, the better it is in the company. It simply means, the company exercises the effective way to collect its receivable from the customer.
*Net credit sales is derived by deducting sales returns and allowances from gross credit sales. If the problem is silent regarding cash sales, we will assume that the sales made by the period is all at credit.
Answer:
d) 6.33
Explanation:
The computation of the expected dividend a year from now is shown below:
As we know that
Price of the stock = Expected dividend ÷ (Required rate of return - growth rate)
Expected dividend = Price of the stock × (Required rate of return - growth rate)
= $63.25 × (0.17 – 0.07)
= $6.325
hence, the correct option is d. $6.33
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Cash: $50,000 $60,000
Accounts receivable: 112,000 108,000
Inventories: 105,000 93,000
Prepaid expenses: 4,500 6,500
Accounts payable-
(merchandise creditors): 75,000 89,000
What is the amount of cash flows, from operating activities, reported on the statement of cash flows, prepared by the indirect method?
Answer:
The amount of cash flows, from operating activities, reported on the statement of cash flows, prepared by the indirect method is $268,702
Explanation:
The Net Income for the year is adjusted for non-cash items, items appearing elsewhere and items in movement of working capital to arrive at the net cash flow from operating activities using the indirect method.
Cash flows, from operating activities
Net income $250,771
adjusted for non-cash items
Depreciation $35,093
Amortization $10,838
adjusted for items in movement of working capital
Increase in Accounts receivable ($4,000)
Increase in Inventories ($12,000)
Decrease in Prepaid expenses $2,000
Decrease in Accounts payable (14,000)
Net Cash flows, from operating activities $268,702