A BANK SERVICE CHARGE requires a journal entry by the depositor.
On the other hand, the bank errors do not require a journal entry by the depositor.
A journal entry refers to an entry made inside a journal (a bank record). The bank service charge is always shown on the bank statement and on the last date of the bank statement.
Answer:
A. 8.15
Explanation:
WACC is the firm's weighted average cost for the capital that is employed from different sources which includes common equity, preferred equity and debt.
In order to calculate WACC, the weighted average cost of each capital is added, so the formula becomes:
WACC = (E x %E) + (D x (1 - Tax) x %D) + (PE x %PE)
E = Common equity
D = Debt
PE = Preferred equity
%E = Common equity / total capital
%D = Debt / total capital
%PE = Preferred equity / total capital
Tax = Tax rate
<em>Interest on debt is a tax deductible expense therefore the interest rate is taken after accounting for tax in order to calculate WACC.</em>
<u>Calculation:</u>
Using the above formula we can calculate WACC
WACC = (11.25% x 55%) + (6.5% x (1-40%) x 35%) + (6% x 10%)
WACC = 0.0815 or 8.15%
Answer: Online Sales Taxes
Explanation:
Taxes has grown much bigger for most online retailers, when the like of Amazon started selling products online they were not billed to pay tax, those taxed then where companies who had a building(structure) but now online stores are now subject to taxes.
Some of the tax are much that it affects sellers who are not able to break even and make profit, especially when they don't meet targets they've set for themselves.
Answer:
Basis risk for the future contract is 0.65%
Explanation:
Basis risk is the difference in spot price and future price of an hedged asset. It is the difference between the price price of an hedged asset and price of the asset serving as the hedge.
Basis risk = Futures price of contract − Spot price of hedged asset
Basis Risk = Future IMM index - Spot IMM index
Basis risk = 95.75% - 95.10%
Basis risk = 0.65%
Answer:
The best answer is C.
Explanation:
Regulation T initial margin to short stock is 50% of $3,000 = $1,500. However, since this is a new account, it must meet the minimum initial margin of $2,000 needed to open an account. Therefore, $2,000 must be deposited.