Luong corporation encounters the following situations:
identify what type of adjusting entry (prepaid expense, unearned revenue, accrued expense, or accrued revenue) is needed in each situation at december 31, 2020.
1. luong collects $1,300 from a customer in 2020 for services to be performed in 2021.
2. luong incurs utility expense which is not yet paid in cash or recorded.
3. luong’s employees worked 3 days in 2020 but will not be paid until 2021.
4. luong performs services for customers but has not yet received cash or recorded the transaction.
5. luong paid $2,800 rent on december 1 for the 4 months starting december 1.
6. luong received cash for future services and recorded a liability until the service was performed.
7. luong performed consulting services for a client in december 2020. on december 31, it had not billed the client for services provided of $1,200.
8. luong paid cash for an expense and recorded an asset until the item was used up.
9. luong purchased $900 of supplies in 2020; at year-end, $400 of supplies remain unused.
10. luong purchased equipment on january 1, 2020; the equipment will be used for 5 years.
11. luong borrowed $12,000 on october 1, 2020, signing an 8% one-year note payable.

The hartman family is saving $400 monthly for ronald's college education. the family anticipates they will need to contribute $20,000 towards his first year of college, which is in 4 years .which best explain s whether the family will have enough money in 4 years ?

Calculate the cost of each capital component—in other words, the after-tax cost of debt, the cost of preferred stock (including flotation costs), and the cost of equity (ignoring flotation costs). use both the capm method and the dividend growth approach to find the cost of equity.calculate the cost of new stock using the dividend growth approach.what is the cost of new common stock based on the capm? (hint: find the difference between re and rs as determined by the dividend growth approach and then add that difference to the capm value for rs.)assuming that gao will not issue new equity and will continue to use the same target capital structure, what is the company’s wacc? e. suppose gao is evaluating three projects with the following characteristics.each project has a cost of $1 million. they will all be financed using the target mix of long-term debt, preferred stock, and common equity. the cost of the common equity for each project should be based on the beta estimated for the project. all equity will come from reinvested earnings.equity invested in project a would have a beta of 0.5 and an expected return of 9.0%.equity invested in project b would have a beta of 1.0 and an expected return of 10.0%.equity invested in project c would have a beta of 2.0 and an expected return of 11.0%.analyze the company’s situation, and explain why each project should be accepted or rejected g

What two things do you consider when evaluating the time value of money