find the period of deferral

Q: What are two ways to calculate returns for a holding period?

A: It is also called as HPR, which states to the total returns during a period for which a investment…

Q: later, the pre etting up the

A: Working notes :-                                        Break-even point = Contribution is…

Q: Define closing entries and their purpose.

A: Closing Entries: Closing entries are those journal entries which are passed to transfer the balances…

Q: What is the End-of-Period Convention?

A: As per the end-of-period convention, all incoming and outgoing payments (cash flows) of an…

Q: reorder level.

A: Reorder level = Average demand * Lead time

Q: In the phrase “end-of-period convention,” the word “period” refers to what?

A: Introduction: Revenues are the profits or benefits that one person is having, while costs are the…

Q: Define the term End-of-Period Convention?

A: Cash flows refer to the amount of cash that is either invested or received by the company during the…

Q: Explain how to calculate time interest earned.

A:

Q: Explain Computing Holding Period Returns?

A: Introduction: Holding period returns (HPRs): Holding period return (HPR) is one of the investment…

Q: Amounts of interest depend on lengths of time.Explain how?

A: Interest is also dependent on the base of the length of time A loan taken for a long period of time…

Q: Define Valuation allowance

A: Valuation allowances are reserves created, which can set off deferred tax assets. If it is probable…

Q: What is a prior-period adjustment?

A: Statement of retained earnings: This is a financial statement that shows the amount of net income…

Q: Define refunding operation

A: Introduction: Refunding is the method of withdrawal or repayment of an existing bond issue by…

Q: Define vesting period

A: Introduction: The concept of vesting is generally used in the concept of retirement planning…

Q: Explain the difference between deferrals and accruals and give two examples from each.

A: The adjustment entries are prepared to adjust the revenue and expenses of the current period.

Q: Calculate reorder level

A: Reorder level is the level of inventory at which point the organization should trigger a purchase…

Q: The term of Final Payment. Effects of Final Payment.

A: A contract is made so that the work can be done legally and both are bond to fulfill their portion…

Q: Define seasonal dating

A: Introduction: When sales are seasonal an organization makes use of seasonal dating. For example,…

Q: Explain an example of deferred expense.

A:

Q: Compute for the amount to be received by DEF in the final

A: Cash sales- ABC 4,590,000 Merchandise - DEF 272,250 Cash Sales-ABC 945,000 Less:…

Q: The purpose of adjustments is to?

A: In simple words, adjusting entries are the changes to the journal entries that are already made in…

Q: Define Deferred Payments.

A: Liabilities:   Liabilities are referred to as the obligation of the business towards the creditors…

Q: Briefly explain the purposes of adjustments.

A: Adjustments (Adjusting entries) : These are made to record the business transactions that has been…

Q: Explain what accruals and deferrals do and give examples of each.

A:

Q: Define Adjustments

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: How to prepare a break-even chart for the given period from the Table?

A: Break-even analysis is the costing technique of determining and analyzing the margin of safety (MoS)…

Q: correction of prior period

A: (Note: Since you have posted multiple questions, we will solve the first question for you. For the…

Q: The correction of errors is the situation that creates prior period adjustments. Explain what are…

A: Prior period adjustments:   The corrections or adjustments that are made to the current year…

Q: What do you mean by adjustment entries ?

A: A journal entry is being used to track a business transaction in a company's accounting records. A…

Q: Explain payables deferral period (PDP)

A: Payable deferral period (PDP) is a period or number of days that firms take to pay their creditors…

Q: What's the adjustment?

A: The answer is provided as follows:

Q: Explain the basic types of deferred annuities. a. fixed- b. indexed- c. variable- d. longevity-

A: A deferred annuity is a contract with an insurance company that promises to pay the owner a regular…

Q: Define deferred call

A: Bonds are fixed-income securities issued by a company or government to raise capital from the…

Q: Calculate modified duration using the information provided.

A: Modified duration is a measure used for finding the bond's price volatility. Modified duration is…

Q: Explain when it is appropriate to recognize revenue over a period of time.

A: Revenue: Revenue refers to the income received from the business activity or sale of the output,…

Q: What are the requirements for a prior period adjustment?

A: Prior period adjustment: A prior period adjustment is the result of a material error discovered in…

Q: Define detachable warrant

A: A detachable warrant may be a by-product that's connected to a security which supplies the holder…

Q: Define maturity date

A: Every financial instrument have a maturity date. Common stock does not have an maturity date that a…

Q: Determine the final payment

A: Time value of money(TVM) means that the amount received in the present period will have more…

Q: Define Prior Period Adjustments.

A:

Q: Define aging schedule

A: Aging schedule It is the accounting table that indicates the accounts receivables of the company,…