Answer:
Interest expense --------$1,500
Interest payable-------------- $1,500
Explanation:
Given the following ;
Amount of note signed = $75,000
Annual interest rate = 12% = 0.12
Date signed = November 1
Calculate interest expense to be made in the adjusting entry by December 31 :
NOTE: No entries have been made previously for the interest expense
Monthly Interest = (Amount × rate) ÷ 12
Monthly interest = ($75,000 × 0.12) ÷ 12
Monthly interest = $9000 ÷ 12 = $750
November 1 to December 31 = 2 months
$750 × 2 = $1500
Interest expense = $1,500
Here are the answers: Ceteris Paribus, we would expect the following to be the cause of a decrease in the demand for the automobiles and these are: Increased gasoline prices, the expectations of the consumers that the prices of the automobiles will depreciate the following year and that the significant recession will develop and will last for a year. (Answers are based from the actual options attached to this question.)
Answer:
A
Explanation:
the art of presenting merchandise in a creative way that helps the store reach out to people
(if its not a, then its d)
The stock is now trading at $52.16 per share.
The current value of an annuity of n regular payments of P at r% with yearly payments is provided by:
PV = P × (1 -(
÷r))
Estes Park Corp. distributes a fixed rate of a dividend of P = $7.80 per share on its shares. The corporation will retain this dividend for the following n = 13 years before ceasing dividend payments permanently. If the necessary returns on this stock are not metis r = 11.2% = 0.112.
The actual share price is calculated as follows:
Current share price = $7.80 × (1 -(
÷0.112))
$7.80 × ((1 - 0.251) ÷ 0.112)
$52.16
Therefore, the current share price is $52.16
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The United States should increase the domestic manufacturing to promote prosperity.
<h3>
What is manufacturing?</h3>
Manufacturing is the creation or manufacturing of items with the aid of resources such as machinery, labor, tools, and chemical or biological processing or formulation. It is the very foundation of the economy's secondary sector. The phrase can be used to characterize a range of human undertakings, from handicraft to high-tech, but it is most usually used in relation to industrial design, which entails the extensive transition of raw materials from the primary industry into finished goods. Such products may be delivered via the tertiary industry to end users and consumers, sold to other manufacturers for the creation of other, more sophisticated products (such as aircraft, home appliances, furniture, and sports equipment), or both (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers).
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