Answer:a credit to Interest revenue for $200
Explanation:
Interest = Principal x rate x time ( period )
= $10,000 x 6% x 120/360
=$200
Account titles and explanation Debit Credit
Cash $10,200
Note receivable $10,000
Interest revenue $200
Therefore, The journal entry that Teal would make to record payment of this note would include a credit to Interest revenue for $200
Answer:
$26.42
Explanation:
According to the given situation, the computation of the estimated current stock price is shown below:-
Estimated current stock price = Earning per share × PE ratio
= $2.08 × 12.7
= $26.42
Therefore for computing the estimated current stock price we simply applied the above formula and ignore all other value as they are not relevant.
<u>Solution and Explanation:</u>
SC's Depreciable assets for the purpose of financial reporting and income taxes were $40000 and $33000 respectively. Its taxable income is$97000.Temporary difference will be there because of Depreciation.
Temporary Difference=Financial reporting Dep-Income tax depreciation
=40000 minus 33000
=7000
Pretax financial income=taxable income+Temporary Difference
=97000+7000=$104000
Deferred tax liability=7000 multiply 30%=2100
Income tax expense=104000 multiply 30%=31200
Income tax payable=97000 multiply 30%=29100
Dec 31 Income Tax ExpensenA/C Dr. $31200
To Income Tax Payable A/C $ 29100
To Deferred Tax Liability A/C $ 2100
<u>
Answer:b
</u>
Slatter Company
Partial Balance Sheet
December 31, 2013
Noncurrent Liabilities
Deferred Tax Liability $2100
It depends on the state. I think the youngest is 13 years old. But you have to work with high supervision.
Answer:
The productivity of the company is $200 per work hour.
Explanation:
Productivity can be measured as the ratio of total output to a single input.
Total output in this case would be value of goods produced, which is 10*10^9 dollars.
Single input in this case would be labour measured in hours of work, which is 50*10^6 hr
Productivity of labor would be: 10*10^9 / (50*10^6) = 0.2*10^3 = $200/hr