The answer is the third level which is activities. It is the level of operation where recording daily business activity is found. This is where most of the unchanging accounting work is handled. Activities are recognized using common language for example entering bills, writing checks, creating bills, receiving expenses, and so on.
Answer:
Unamortized discount is $43,700
Explanation:
Unamortized bond discount=original bond discount-amortization to date
original bond discount is $46,000
Amortization =interest payable-interest expense
interest payable=$400,000*10%*6/12
=$20,000
Interest expense=$354,000*10%*6/12
=$17,700
amortization of discount=$20,000-$17,700
=$2300
unamorized bond discount=$46000-$2300
=$43,700
The unamorized bond discount at the end of the first six months is $43,700
Answer:
i dont understand this, please give more info
Explanation:
sixteen states and the district of columbia prohibit extremely high cost payday lending. states protect their citizens from usurious payday lending by prohibiting the product or by setting rate caps or usury limits. georgia prohibits payday loans under racketeering laws.
Answer:
32.98%
Explanation:
From the the question above, the total assets turnover is 3.50
The profit margin is 6.4%
= 6.4/100
= 0.064
The equity multiplier is 1.70
The dividend payout ratio is 35%
= 35/100
= 0.35
The first step is to calculate the return on equity
ROE= Profit margin×Total assets×Equity multiplier
ROE= 0.064×3.50×1.70
ROE= 0.381×100
ROE= 38.1%
The next step is to calculate the plow back ratio
Plowback ratio= 1-dividend payout ratio
= 1-0.35
= 0.65
Therefore, the sustainable growth rate can be calculated as follows
= (ROE×Plowback ratio)/[1-(ROE-Plowback ratio)]
= (0.381×0.65)/[1-(0.381-0.65)]
= 0.248/1-0.248
= 0.248/0.752
= 0.3298×100
= 32.98%
Hence the sustainable growth rate is 32.98%