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Stells [14]
3 years ago
12

The following balances were taken from the general ledger of Doogie Corporation as of December 31. All balances are normal. Cash

$6,000 Accounts receivable $10,800 Accounts payable 6,000 Common stock 51,000 Equipment 45,000 Dividends 2,400 Utilities expense 2,000 Administrative expense 8,000 Sales revenue 17,200 Prepare a trial balance.

Business
1 answer:
love history [14]3 years ago
7 0

Answer:

Please refer to the attached

Explanation:

Please refer to the attached.

Note that in trial balance Debit side must always be equal to debit side

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You are aware that your neighbor trades stocks based on confidential information he overhears at his workplace. This information
Margaret [11]

Answer:

Semi-strong Form Efficient.

Explanation:

There are three levels of market efficiency as weak, semi-strong and strong.

In a semi-strong form efficient market, the stock prices change independently of the previous return points and the current information so it is not possible to predict the future stock prices.

The example given in the question, which states that the neighbor has non-public information, can be classified as a semi-strong form efficient market.

I hope this answer helps.

6 0
3 years ago
For studying demand relationships for a proposed new product that no one has ever used before, what would be the best method to
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Answer:

the answer is D) all of the above are equally useful in this case

Explanation:

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5 0
3 years ago
Husker corporation reports current e&p of negative $200,000 in 20x3 and accumulated e&p at the beginning of the year of
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Distribution is treated as a deductable to the shareholders of 1:10 to each dollar amount.
3 0
3 years ago
Tolino Company signed a 5-year note payable on January 1, 2019, of $200,000. The note requires annual principal payments each De
konstantin123 [22]

The following journal entry will be passed in the books of accounts and the interest expense is calculated to an amount of $9600

<u>Explanation:</u>

Given data:

amount of note: $200000, annual principal payments to be made each year at December 31st = $40000, interest amount to be charged = 6 percent, duration of note = 5 years

the following calculation is made in order to find out the amount of interest:

Amount of note minus principal payment multiply with rate of interest

now, putting the figures in formula:

interest = 200000 minus 40000 = $160000 multiply with .06 = $9600

Thus, the interest amount = $9600

The interest expense will be debited with an amount of $9600 in the books of accounts.

8 0
3 years ago
Let’s suppose you would like to buy a home for $250,000. But like most U.S. citizens, you don’t have enough cash on hand to pay
noname [10]

Answer:

1. Calculate the monthly payment for a 30-year mortgage loan.

we can do this by using the present value of an annuity formula

the loan's interest rate is missing, so I looked for a similar question and found that it is 6%

present value = monthly payment x annuity factor

monthly payment = present value / annuity factor

  • present value = $200,000 (loan's principal)
  • PV annuity factor, 0.5%, 360 periods = 166.79161

monthly payment = $200,000 / 166.79161 = $1,199.101082 ≈ <u>$1,199.10</u>

2. Calculate the amount of interest that you’d pay for a 30-year mortgage loan.

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8 0
3 years ago
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