Dddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddd
Answer and Explanation:
The journal entries are shown below:
1. Equipment Dr $21,300
To cash $21,300
(Being the equipment is purchased for cash)
For recording this we debited the equipment as it increased the assets and credited the cash as it reduced the assets
2. Cash Dr $6,100
To Service revenue $6,100
(Being the cash received is recorded)
For recording this we debited the cash as it increased the assets and credited the service revenue as it increased the revenue
3. Rent expense $900
To Cash $900
(Being the rent is paid)
For recording this we debited the rent expense as it increased the expenses and credited the cash as it reduced the assets
4. Office supplies Dr
To Account payable
(Being the office supplies purchased on account)
For recording this we debited the office supplies as it increased the assets and credited the account payable as it increased the liabilities
5. Salaries expense
To cash
(Being the salaries paid is recorded)
For recording this we debited the salaries expense as it increased the expenses and credited the cash as it reduced the assets
<h2>"Social audit documents" will give Katelyn the information about how socially the company has involved to protect the planet and people.</h2>
Explanation:
Let us understand what a social audit is.
- It is an official evaluation about the involvement in social responsibility projects by the organization.
- It creates an impact on the governance.
- This prevents public relations crises associated with ethical or legal misconduct.
- Narrow gaps between vision and reality.
- It enters into action when there is no equal employment opportunity, when the environmental quality gets affected, etc.
The social activities that it includes are:
- volunteer events
- work environment
- employees wages
- utilization of energy
- charitable contributions
Answer:
The Treynor index for the stock will be 0.02.
Explanation:
The average return of the stock is 10%.
The average risk-free rate is 7%.
The standard deviation of the stock's return is 4%.
Stock's beta is given at 1.5.
Treynor index
= (Portfolio return- risk free return)/beta of the portfolio
=(0.10-0.07)/1.5
=0.03/1.5
=0.02
So, the Treynor index for the stock will be 0.02.
<span>b. debit interest receivable for $500 and credit interest revenue for $500
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