Answers
Answer:
9.92%
Explanation:
First, find the Annual Percentage Rate (APR).
You can do this with a financial calculator using the following inputs;
PV = -24500
N = 60
PMT = 514.55
then CPT I/Y = 0.792% (this is a monthly rate)
APR = 0.792% *12 = 9.5%
Next, convert APR to EAR;
EAR =
whereby m= number of compounding periods per year ;12 in this case.
EAR =
= 1.0992476 - 1
=0.0992476 or 9.92%
Therefore, the effective rate on this loan is 9.92%
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Answers
Using the accrual method, the unearned revenue as of December 31 is $12,000.
What is Unearned revenue?
Unearned revenue can be defined as the amount a company received from their client for the service they are yet to rendered.
Since the company has received full balance for the services not yet provided. The unearned revenue as of December 31 will be $12,000 .
Reason been that the amount that the client paid the company is for a year-long contract, hence the $12,000 represent a prepayment amount for the service the company is yet to rendered to their client
Inconclusion using the accrual method, the unearned revenue as of December 31 is $12,000.
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The $12,000 payment is for a one-year contract, however, we will only record revenue from October 1 up to December 31 which are the months that already lapsed. The remaining nine months are still considered unearned revenue. Thus, the remaining unearned revenue is $9,000.
Unearned revenue is the amount received from a client for a service that has yet to be rendered. Since the company has received the full balance over the services not yet provided. As of December 31, the unearned revenue will be $12,000.
Because the client paid the company for a year-long contract, the $12,000 represents a prepayment for the service the company has yet to render to their client. Using the accrual method, the revenue that is not earned as of December 31 is $9000.
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Answers
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
1 pts
Petulia has been following the stock market, and has noticed that it has generally been declining for
the last several weeks. Many of her friends have sold stock, but Petulia looks at this situation as a
good opportunity to buy. Petulia's views are consistent with the
approach to investing
in the stock market.
O contrarian
opposing
Ο Ο Ο Ο
O arbitrarian
negativist
Question 7
Answers
Answer:
Contrarian
Explanation:
In this case, Petulia is following the contrarian investment style. Those who follow this style, invest contrary to prevailing market trends (hence the name), by buying when other are selling, and selling when others are buying.
Petulia is a contrarian because instead of selling stock during the downward trend, she opted to buy stock instead, hoping for a rise in the market in the short, or in the long-term.
Answers
Answer:
jury of executive opinion.
Explanation:
The forecasting technique that pools the opinions of a group of experts or managers is known as jury of executive opinion.
For example, when XYZ manufacturing company decides to conduct a series of strategic meetings for its forecasting by involving its key employees such as directors, analysts, managers etc to discuss (gathering opinions, ideas, perspectives and views) before reaching a forecasting consensus. This is simply a jury of executive opinion.
Final answer:
The forecasting technique that combines the opinions of a group of experts or managers is known as the 'jury of executive opinion'. It leverages collective expertise for prediction in complex decision-making situations or when there's a lack of sufficient hard data.
Explanation:
The forecasting technique that gathers and combines the views and opinions of a group of experts or managers is called the Jury of executive opinion. This technique relies on the collective knowledge, experience, and intuition of a group of high-level managers to predict future events or outcomes. It's often used in situations where decision-making is complex, or when there aren't enough hard data available. For instance, a group of corporate executives could use their combined expertise to make forecasts about trends in their industry, the potential impact of significant new legislation, or the likely behavior of their competitors.
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(b) Determine the revenue that Aaron will recognize in 2017.
Answers
Answer:
Explanation:
Transaction price is the amount expected to be payed either as wages or revenue in respect of a service delivered.
Commission per policy = $100
Additional commission = $10
Estimated renewal years (based on experience) =4.5 years
Number of policies sold = 100
a)Transaction price
Commission = 100*100 =$10000
Commission on renewal = (100*4.5*10)= $4500
Total transaction price = 10000+4500 = $14500
Revenue for 2017.
In IAS 18 , revenue are recognized when earned.
Therefore the revenue recognized for the year 2017 will be the revenue earned and due to be received and not a future revenue.
The revenue recognized = 100*100 = $10,000
B) $4
C) $2
D) $3
E) $5
Answers
Answer:
A) $6
Explanation:
The equilibrium price arises when the marginal cost of private i.e. demand is $12 and when the social production cost is to be considered then the equilibrium price is $18
So, to accomplish the social optimum, the government should set a tax of
= $18 - $12
= $6
This shifted the private marginal cost to the left and there is yield to the social optimum
Hence, the correct option is A. $6