Answer:
$16,000
Explanation:
The computation of the amount reported for the interest payable is shown below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $800,000 × 8% × (3 months ÷ 12 months)
= $16,000
The three months should be taken from October 1 To November 1 and November 1 to December 31
We simply applied the above formula so that the interest payable amount could come
The answer to this is Thomas Malthus.
Thomas Malthus was an english cleric and scholar, influential in the feilds of political economy and demography. He came up of the theory about population growth. He argued that population multiplies geometrically and food arithmetically.
Answer:
b.Treasury stock = $180,000
Additional paid in capital = $70,000
Explanation:
Data provided as per the question below:-
Hobbs shares = 10,000 at $25 shares
Common stock = $18
The Journal entry is shown below:-
Cash
(10,000 × $25) $250,000
Treasury stock
(10,000 × $18) $180,000
Additional paid in capital $70,000
(Being issuance of treasury stock is recorded)
b. Treasury stock = $180,000
Additional paid in capital = $70,000
Answer: The Sarbanes-Oxley Act increases the penalties for corporate wrongdoing. (A)
Explanation:
The Sarbanes-Oxley Act was passed to reduce corporate fraud. The Act led to the creation of the Public Company Accounting Oversight Board which was in charge of overseeing the accounting industry. Protection was given to whistleblowers and giving company loans to executives was banned. Chief executive officers were also held responsible for errors made in accounting audits.
The Sarbanes-Oxley Act was as a result of financial scandals involving publicly traded firms such as WorldCom, Tyco International Plc and Enron Corporation in 2000. The frauds in the companies affected the confidence of investors which eventually led to the Act.
Answer:
11.06%
Explanation:
According to the given situation, the computation of the required return on the stock is shown below:-
Required rate of return = Current Dividend × (1 + growth) ÷ Current Price + Growth
= $4.01 × (1 + 4.7%) ÷ 66 + 4.7%
= 11.06%
Therefore for computing the required rate of return we simply applied the above formula.