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Igoryamba
4 years ago
7

For each of the following, journalize the necessary adjusting entry:

Business
1 answer:
Sergio [31]4 years ago
4 0

Answer:

A1) Salaries earned are $4,400 ($22,000 / 5) per day. So if the fiscal period ended on a Tuesday, the following records should be made:

  • Dr Salaries Expense   8,800
  • Cr Salaries Payable   8,800

A2) If the fiscal period ends on a Wednesday, the following records should be made:

  • Dr Salaries Expense   13,200
  • Cr Salaries Payable   13,200

B1) If the amount of insurance expired during the year is $5,300, the following record should be made:

Dr Insurance Expense 5,300  

Cr Prepaid Insurance 5,300

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Answer:

The correct option is D

There is increase in ROE by 2.86%

d. 2.86%

EXPLANATION:

THIS IS THE COMPLETE QUESTION BELOW;

Last year Swensen Corp. had sales of $303,225, operating costs of $267,500, and year-end assets of $195,000. The debt-to-total-assets ratio was 27%, the interest rate on the debt was 8.2%, and the firm's tax rate was 37%. The new CFO wants to see how the ROE would have been affected if the firm had used a 45% debt ratio. Assume that sales and total assets would not be affected, and that the interest rate and tax rate would both remain constant. By how much would the ROE change in response to the change in the capital structure?

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CHECK THE ATTACHMENT BELOW FOR DETAILED EXPLANATION

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3 years ago
On january 1, guillen corporation had 95,0000 shares of no par common stock issued and outstanding. The stock has a state value
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Answer:

Follows are the solution to the given question:

Explanation:

Please find the complete question in the attachment file.

Market capitalization at 30 June:  120000 = 95000+25000

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X Stock Dividends 1.2

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) GDP in 2010 is $500 billion.

Explanation:

Here are the options to this question :

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