Answer:
interest expense 3,000 debit
interest payable 3000 credit
Explanation:
We will recognize the accrued interest for the period Nov 1st to Dec 31th
principal x rate x time
120,000 x 11%/12 x 3 months = 3,000
We divide the rate by 12 as there is express as annual rate and we need to match with time, which is months.
The entry will recognize interest expense for 3,000
and interest payable for 3,000
Answer:
B. potential Gross
Explanation:
Potential gross income refers to the gross income at 100% occupancy. On the other hand, effective gross income takes into account vacancy as well as other variables like collection loss.
Answer:
The correct answer is letter "D": Developing employees' skills
.
Explanation:
Some of the different managers' tasks include <em>setting and communicating the vision, inspiring, encouraging, and supporting the team, </em>and <em>motivating employees' towards their development</em>. All of those challenges imply interacting directly with subordinates. It is impossible to achieve the firms' goals while helping employees to achieve theirs without communication.
Thus, <em>Cleo is failing at believing by nodding her head she will be seen as a stronger manager. Stronger managers are those whose actions maximize the entity's profits, by maximizing workers' efficiency which implies developing their skills.</em>
Answer:
Consider the following calculations
Explanation:
A. Dividend per Share = Dividend Payout Ratio * Earnings Per Share
Putting the values given to calculate dividend per share we get,
Stages DPS = Payout Ratio * EPS DPS
Stage 1 =0.00*$0.30 $0
Stage 2 = 0.13*1.95 $0.25
Stage 3 =0.31 * $ 2.80 $0.868
Stage 4 = 0.56*$3.40 $1.90
b. Calculation of Investors After Tax Income from Cash Dividend:-
Cash Dividend = Number of Shares * DPS in Stage IV
= 290 * $ 1.90
= $552.16
After Tax Income = DIvidend ( 1 - Tax Rate)
= $ 552.16 ( 1- 0.15)
= $ 469.34
C:- In Stage II and Stage III for Growth & Expansion respectively, the firm is likely to utilise stock dividend or stock split.
