Answer: a. a credit to Accounts Payable.
Explanation:
When paying off a note, cash will be used so cash will have to be credited to show that it is decreasing.
Interest expense will be debited by the interest accumulated on the loan because expenses are debited when they increase.
Notes Payable will be debited to show that the note has now been retired.
There is no credit for Accounts payable involved in this transaction.
Answer: b. $8,518.9 billion.
Explanation:
Nominal GDP is calculated with current prices which means that the effects of inflation are present.
Real GDP removes this effect by basing the GDP calculation on the prices of a previous period:
Real GDP = Nominal GDP * 100/ Price level
= 8,800 * 100/ 103.3
= $8,518.877
= $8,518.9 billion
Answer:
E
Explanation:
In this question, we are to give an answer about which of the listed options would give George the optimal service for the action which he seeks to execute.
Checking the requirements of what he is trying to do, we will notice that there are some key words that are very important that he is trying to target. Now, to bring his idea into fruition, Google AdWords would provide him with the needed help.
This is because Google AdWords would look specifically at indexes using those two key words he wants to use to provide him with the results that he seeks.
Answer:
Lancashire Railway Company (LRC)
Lancashire Railway Company (LRC) should reject the project. The basis for rejecting Division H's project is that its return (12%) is less than the risk-based cost of capital for the division (14%).
Explanation:
a) Data:
Division L's weighted-average cost of capital = 8%
Division H's weighted-average cost of capital = 14%
Weight of Division L = 50%
Weight of Division H = 50%
Company composite weighted average cost of capital = 11% (8% * 50%) + (14% * 50%)
Expected return from a proposed project for Division H = 12%
Answer:
= 8.89%
Explanation:
T<em>h rate of return on a preferred stock is the dividend divided by the price of the stock multiplied by 100</em>
<em>Return = Dividend/price × 100</em>
Quarterly dividend = $1
<em>Annual dividend </em>
= 1 × 4 ( Note there are four quarters in year)
= $4
<em>Annual rate of return</em>
= (4/45)× 100
= 8.89%
