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3 years ago

Journalize the following transactions (assume a 360-day year when calculating interest):

Business

1 answer:

RUDIKE [14]3 years ago

7 0

Answer:

Mar. 1 Received a 90-day, 10% note for $24,000, dated March 1, from Batson Co. on account.

Dr Notes receivable 24,000

Cr Accounts receivable 24,000

May 30 The note of March 1 was dishonored.

Dr Accounts receivable 24,600

Cr Notes receivable 24,000

Cr Interest revenue 600

If the note would have been collected (paid by Batson Co.), the journal entry would have been:

May 30, note collected from Batson Co.

Dr Cash 24,600

Cr Notes receivable 24,000

Cr Interest revenue 600

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A stock had returns of 18.58%, -5.58%, and 20.81% for the past three years. What is the variance of returns?

NemiM [27]

Answer:

Variance = 0.02141851

Explanation:

We first calculate the mean for the stocks

Mean = (0.1858 - 0.0558 + 0.2081) / 3

Mean = 0.3381 / 3

Mean = 0.1127

Variance = [(0.1858 - 0.1127)^2 + (- 0.0558 - 0.1127)^2 + (0.2081 - 0.1127)^2] / 3 -1

Variance = [0.0731^2 + (-0.1685^2) + 0.0954^2] / 2

Variance = 0.00534361 + 0.02839225 + 0.00910116 / 2

Variance = 0.04283702 / 2

Variance = 0.02141851

The variance of returns is 0.02141851

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2 years ago

Why wouldn't investors invest all of their money in software companies instead of in less profitable companies? (Focus on risk

Tamiku [17]

Answer and Explanation:

Risk and return are equal companions if we invest in a market with a higher risk that's mean this type of market provides a higher return.

If Investors invest their whole money in the high-risk market for there high return, may they get a huge loss.

So, The exposure must be balanced by investments in diversified markets with different risk weights.

7 0

3 years ago

At the high level of activity in November, 12000 machine hours were run and power costs were $20000. In April, a month of low ac

Salsk061 [2.6K]

Answer:

$6,500

Explanation:

For computing the estimated fixed cost, we have to determine the variable cost per hour which is shown below:

Variable cost per hour = (High power cost - low power cost) ÷ (High machine hours - low machine hours)

= ($20,000 - $11,000) ÷ (12,000 hours - 4,000 hours)

= $9,000 ÷ 8,000 hours

= $1.125

Now the fixed cost equal to

= High power cost - (High machine hours × Variable cost per hour)

= $20,000 - (12,000 hours × $1.125)

= $20,000 - $13,500

= $6,500

4 0

3 years ago

Julie Martin is investing $26,600 in the Invesco Charter mutual fund. The fund charges a 4.50 percent commission when shares are

Sergeeva-Olga [200]

Answer:

$1,264.50

Explanation:

Calculation for the amount of commission Julie must pay.

Using this formula

Commission=Investment amount× Fund charges percentage

Let plug in the formula

Commission= $28,100 × 0.045

Commission= $1,264.50

Therefore the amount of commission Julie must pay is $1,264.50

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2 years ago

A group of athletic shoes in a shoe factory are partially completed but still lack their innersoles and shoestrings. these shoes

gogolik [260]

<span>These would be work in-progress inventory. They are further along in production than the basic raw materials, but are not completed to the point where they could be put out for sale as finished goods. They are still requiring some work to get to this point.</span>

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3 years ago