Answer:
September 9, petty cash fund is established
Dr Petty cash 440
Cr Cash 440
September 30, petty cash fund expenses
Dr Merchandise inventory 44
Dr Postage expenses 54
Dr Miscellaneous office expenses 144
Dr Cash short and over 10
Cr Petty cash 252
September 30, petty cash fund reimbursement
Dr Petty cash 252
Cr Cash 252
October 1, petty cash fund increased to $485
Dr Petty cash 45
Cr Cash 45
Answer: d. The actual expected stock return indicates the stock is currently underpriced.
Explanation:
According to CAPM, the expected return is:
= Risk free rate + beta * (market return - risk free rate)
= 4.3% + 1.14 * (12.01% - 4.3%)
= 13.09%
The actual expected return is greater than the CAPM expected return.
This stock is underpriced because it is bringing in a higher return than CAPM predicted based on the market.
The information in this question represents a downward type of communication in an organization.
<u>Examples</u><u> of this type of </u><u>communication </u><u>from the question are:</u>
- The CEO of Nokia, Stephen Elop, meets with 2,000 employees to tell them why he is recommending that they abandon Nokia software to use less popular software from Microsoft.
- Hewlett-Packard CEO Meg Whitman announces to employees that HP will cut its workforce by up to 30,000 people.
This is a downward type of communication given the fact that information flows from the head of the organization to the employees that are at the lower level.
The red arrow in the diagram shows us that information is being passed down from the CEO to the employees in the organization.
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Answer:
The Net value of the Note is $4836.44
Explanation:
Days between May 12 to May 31st = 19
Days in June=30
Days in July = 31
Days in August = 10
Total Days=19+30+31+10=90
Loan Interest
4800 * 90/360 * 4.5/100
= $54
Total Amount due = Face Value+Loan Interest
=$4800+54
=$4854
Now the days left in maturity are given as
Days between July 20 and August 10 =21 days
Total Number of Days in the year is 360
Rate of Discount is 6.2% so
4854 * 21/360 * 6.2/100
Discount by bank is $17.56
So the net value of the note is given as
Net Value=Amount Due-Discount
=$4854-$17.56
=$4836.44
So the Net value of the Note is $4836.44