a . The test statistic is -1.160740861
b. The p value is 0.2457473
Let the point estimate be 'a'. The formula for test statistic is:
Z = (a - p) / √ { [ p×(1-p) ]÷n }
Point Estimate 'a' = 30/78 = 0.384615385
Z = (0.384615385
-0.45 ) / √[ (0.45 × 0.55) ] / 78
Z = -0.065384615
/ 0.056330071
Z = -1.160740861
Interest expense is not Incurred on long-term liabilities.
Option i) Incurred on long-term liability.
Interest expenses are not recorded in the balance sheet. It should be recorded in the income statement.
The interest expense is a non-operating expense recorded on the expenses side of the income statement and it does not show as notes payable.
The interest expense is shown as a fixed cost or fixed expense it will be changed as based on the short-term changes or completion of payable.
The interest expense shows a factor in determining a company's borrowing risk.
Learn more about interest expenses at
brainly.com/question/12553420
#SPJ1
Answer: 7%
Explanation:
The following can be deduced.from the question:
Loan amount = $9,600
Equity = $9,600
Market price = $48 per share
Total investment = $19,200
Growth of Investment = 5%.
We then calculate value of the investment in a year. This.will be:
= 19,200 × 1.05
= $20,160
Interest on the loan would be:
= $9,600 * 0.03
= $288
Therefore, rate of return will be:
= (20,160 - 9,600 - 288)/9,600 - 1
= 0.07 = 7%
Explanation:
Commodities Exchange is a Market, either physical or virtual, where different commodities are being traded with different volumes. Most commonly traded commodities which are traded physically are agricultural commodities, which may include Rice, Wheat, Corns, nuts, seeds, etc. Most commonly traded commodities, which are traded virtually through a system or software with the help of internet, may include Oil, Gold, Stocks, Silver, other precious metals, Soy, etc.
A large number of buyers and sellers are present in commodities exchange market. People buy and sell different commodities, derivatives, stocks, options, futures, spots etc.
I do believe your answer would be true.
