Answer:
Journal Entries
Date Account Titles and Explanation Debit Credit
April 30 Salaries expenses $4,800
($12,000/5) * 2
Salaries payable $4,800
(To record the Accrual of salaries expense)
May 30 Salaries Expenses
($12,000/5)*3 $7,200
Salaries payable $4,800
Cash $12,000
(To record the payment of salaries expenses)
The required return on the stock is 9.9%.
Stock:
- A stock, also known as equity, is a security that represents the ownership of a fraction of the issuing corporation. Units of stock are called "shares" which entitles the owner to a proportion of the corporation's assets and profits equal to how much stock they own.
- Stocks represent ownership in a publicly traded company. You take a stake in a firm when you purchase its shares. For example, if a company has 100,000 shares, and you buy 1,000 of them, you own 1% of the company.
- Stocks are not actual assets; they are financial assets. Paper assets that are easily convertible to cash are referred to as financial assets. Real assets have inherent worth because they are tangible.
- The required return on the stock=dividend yield + Growth rate
- which is equal to' =(4.3+5.6)
- =9.9%
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Answer: $1147.50
Explanation:
Monthly apartment fee = $850
Broker's charge = 20% of first month fee
Security deposit = 1.5 months rent
Therefore,
Broker's fee = 20% × $850
= 0.2 × $850 = $170
Security deposit = 1.5 × $850 =$1275
Total fee = $850 + $1275 + $170 = $2295
Since Chrissy and Janet are sharing the fee equally:
Janet's share :
50% of $2295 = $1147.50
Answer:
A = P (1 + r / m)^n
m
A = Amount
P = Interest rate
R = interest rate
N = number of years
m = number of compounding
Explanation:
Answer:
B) Paula's performance prevents the instruments from being negotiable,but only if Paula meets the burden of proof of establishing by a preponderance of the evidence that she did an acceptable job mowing the yard.
Explanation:
Initially, there was a verbal contract between them which John did not oppose. His observations ought to have made known to Paula after mowing the yard probably the second time, so that she would be aware of his reservation.
John might be right with his claim and thus his decision not to pay the wages. But a good question to ask from him is if he observed the claim immediately after Paula finished her job or a few days after. Secondly, probably he had an alterior motive even before the agreement.
The only action that Paula can take to weaken John's claim is to provide an evidence to support her good job done after each mowing.
