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antiseptic1488 [7]
3 years ago
10

When the balance of the income summary account is a​ debit, the entry to close this account​ is:

Business
1 answer:
Monica [59]3 years ago
7 0
Hello
the best answer is c
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Big Bucks leased equipment to Shannon Company on July 1, 2021. The lease payments were calculated to provide the lessor a 9% ret
yaroslaw [1]

Answer:

Explanation:

ere calculated to provide the lessor a 9% return. Nine annual lease payments of $29,000 are due each July 1, beginning July 1, 2021.

Required:

4 0
4 years ago
Blanche Inc. has 9% annual coupon bonds that are callable and have 18 years left until maturity. The bonds have a par value of $
Tanya [424]

Answer:YTM = [Interest + (face value -price) / years to maturity ] / [(face value +price)/2] = [90 + (1000 - 1130.35 )/ 18 ] /[(1000 + 1130.35)/2] = [90 + (-130.35 / 18) ] /[2130.35/2] = [90 - 7.242 ] / 1065.175 = 82.758 / 1065.175 = .0777 or 7.77% YTC = [90 + (1060 - 1130.35 )/ 8] /[(1060+1130.35)/2] = [90 +...

Explanation:The best estimate for the remaining term is 18 years (because the company would not call the bonds).

The coupon rate to issue a bond at par is 8.88% (the current yield to maturity).

5 0
3 years ago
Traditional project management focuses on thorough planning up front. such planning requires ____.
vivado [14]

Traditional project management focuses on thorough planning up front. Such planning requires predictability.

The traditional project management is a practice which includes a set of developed techniques which are used in order for planning, execution, monitoring, closure, and estimating. Here the projects are run in a sequential cycle.

The planning which is done in traditional project management, this planning requires predictability. Thus, the predictability is considered an important factor here. A traditional project management focuses on upfront planning where factors like cost, scope, and time are given importance.

Hence, the entire project is planned upfront without any scope for changing requirements.

To learn more about traditional project management here:

brainly.com/question/28139249

#SPJ4

4 0
2 years ago
Trumen House, a confectionary manufacturing company, orders its raw materials in bulk from Nesinbon. Nesinbon allows Trumen Hous
Virty [35]

Answer:

(d) Trade credit

Explanation:

Trade credit is a basic instrument for financing development. Exchange credit is the credit stretched out to you by providers who let you purchase now and pay later.

Trade credit is tied in with winning new clients, expanding deals and holding client loyalty.

It's a simple method to ease income, which can help improve an independent company's productivity.

4 0
4 years ago
Countess Corp. is expected to pay an annual dividend of $4.57 on its common stock in one year. The current stock price is $73.59
Serjik [45]

Answer:

The cost of equity is 9.91%

Explanation:

The constant growth model of the DDM is used to calculate the price of the share or the fair value per share based on a constant growth in dividends and the required rate of return which is also known as cost of equity.

Plugging in the available values in the formual we can calculate the cost of equity or the required rate of return.

73.59 = 4.57 / (r - 0.037)

73.59 * (r - 0.037) = 4.57

73.59r - 2.72283 = 4.57

73.59r = 4.57 + 2.72283

r = 7.29283 / 73.59

r = 0.0991 or 9.91%

3 0
4 years ago
Read 2 more answers
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