Answer: $180
Explanation:
From the question, Federal Bank of America has loaned $9,000 to Southgate Animal Hospital, using a 90-day non-interest-bearing note. The bank discounted the note at 8%.
Therefore, the debit to Discount on Notes Payable in the general journal will be:
= $9,000 × 8% × 90/360
= $9,000 × 8/100 × 1/4
= $9,000 × 0.08 × 0.25
= $180
The correct answer is $180
It should be noted that we used 360 days for a year.
Answer:
Corporate Strategy
Corporate strategy for a diversified or multi-business enterprise:
"concerns strategy initiatives to establish business positions in different industries, whether to hold or divest from existing businesses, strategic actions to boost the combined performance of the set of businesses the company has diversified into, and how to capture cross-business synergies, and then turn them into a competitive advantage."
Explanation:
Corporate strategy is concerned with market growth, stability, and organizational renewal. The purpose of corporate strategy is to achieve greater profitability, higher market share, and sustainable growth in revenue through product and market diversification. A corporate organization, in trying to grow, engages in business restructuring, establishing strategic partnerships, and achieving organizational excellence. These activities emanate from corporate strategic planning.
Answer:
b. 8.92%
Explanation:
Calculation for the portfolio expected return
Using this formula
Portfolio expected return = (Stock A allocated fund x Stock A expected return) + (Stock B allocated fund x Stock B expected return)
Let plug in the formula
Portfolio expected return= (54%*8%) + (46%*10%)
Portfolio expected return=0.0432+0.046
Portfolio expected return=0.0892*100
Portfolio expected return =8.92%
Therefore the portfolio expected return will be 8.92%
It’s Levi because it’s clearly written that Levi is a beginner. Hope that works!