Explanation:
The journal entries are as follows
1. Account payable $81,617
Interest expense $1,383.33
To Notes payable $83,000
(Being the issuance of the note is recorded)
The interest expense is computed below:
= $83,000 × 60 days ÷ 360 days × 10%
= $1,383.33
2. Note payable Dr $75,000
To Cash $75,000
(Being the payment is recorded)
Answer:
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Answer:
Total return = 26.4%
Explanation:
Given:
Initial price = $71 per share
Dividend = $1.75 per share
Ending share price = $88
Compute:
Percentage total return
Computation:
Total return = [Ending share price + Dividend - Initial price)/Initial price
Total return = (88 + 1.75 - 71) / 71
Total return = 26.4%
Answer:
The correct answer is letter "D": greater protection for whistleblowers.
Explanation:
The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental organization that aims to promote economic progress and worldwide trade. The OECD established the Principles of Corporate Governance to improve the<em> legal, regulatory, </em>and <em>institutional framework</em>.
The OECD Principles include <em>ensuring effective corporate governance, equal treatment to shareholders, and disclosure and transparency</em>. <em>Because of the recent U.S. whistleblower situation and in an attempt to maintain investors' confidence the OECD enhanced the transparency principle granting more protection to whistleblowers.</em>
Answer:
$360,000.
Explanation:
Given:
PBO 1/1/17 = $6,000,000
PBO 12/21/17 = $6,600,000
Discount rate = 6% = 6 / 100 = 0.06
Expected rate of return = 8% = 8 / 100 = 0.08
Interest cost component of pension expense = ?
Computation of Interest cost component of pension expense:
Interest will be payable on opening balance:
= PBO 1/1/17 x Discount rate
= $6,000,000 x 0.06
= $360,000.