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sashaice [31]
2 years ago
11

Taylor bank lends guarantee company $150,000 on january 1. guarantee company signs a $150,000, 8%, 9-month note. the entry made

by guarantee company on january 1 to record the proceeds and issuance of the note is
Business
2 answers:
Alex_Xolod [135]2 years ago
7 0

Answer:

Explanation:

The journal entry to record the issuance of the note is shown below:

On January 1

Cash A/c Dr $150,000

    To Notes payable A/c  $150,000

(Being the issuance of the note is recorded)

To record this journal entry we debited the cash account and credited the note payable account so that the accurate posting can be done

Murljashka [212]2 years ago
6 0
We are given
P = $15,000
i = 8% per year
n = 9 months

First we convert the interest to per month
i = 8%/12 = 0.67%

And we solve for the future worth of the note
F = P ( 1 + i)^n
F = 15000 ( 1 + 0.0067)^9
F = $15929.12

The value of the note is $15929.12<span />
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Mayan company had net income of $33,480. the weighted-average common shares outstanding were 9,300. the company has no preferred
Dvinal [7]

Answer:

Earnings Per Share = $3.6

Explanation:

Given

Net Income Average = $33,480

Weighted-average common shares outstanding = 9,300

Shares sold = 4,300

Required

Calculate the company's earnings per share.

Earning per share is calculated as thus;

Let N represent the Net Income; P represent the Preferred Dividend and W represent the Weighted-average common shares outstanding

Earnings Per Share = \frac{N - P}{W}

The question says there was no preferred stock;

So, P= 0

Substitute $33,480 for N and 9,300 for W.

The formula becomes;

Earnings Per Share = \frac{33,480 - 0}{9300}

Earnings Per Share = \frac{33,480}{9300}

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3 0
3 years ago
Assuming everything else stays the same, an increase in the price of laptop computers will __________ of laptop computers. a) de
tia_tia [17]

Answer:

a) decrease the quantity demanded

Explanation:

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2 years ago
You own a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a beta of 1.27 and the total
andriy [413]

Answer:

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Explanation:

The computation of the beta be for the other stock in your portfolio is shown below:

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market beta = 1

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1 = 1 ÷ 3 × 0 + 1 ÷ 3 × 1.27 + 1 ÷ 3 × beta

The beta of other stock = 1.73

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Here we assume that one-third should be invested in all 3 things each

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2 years ago
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