Answer:
a. Salaries expense (Dr.) $18,000
Salaries Payable (Cr.) $18,000
b. Interest Receivable (Dr.) $375
Interest Earned (Cr.) $375
c. Interest Expense (Dr.) $1,000
Interest Payable (Cr.) $1,000
Explanation:
The adjusting entries will be made once the expenses are paid. For now these expense are recorded as current liability because the payment needs to be made for the expenses that has already incurred. The salaries expense is recorded in contra account of salaries payable, once these salaries are paid then the expense will recorded as cash outflow.
B regard "getting away with it" as a demonstration of personal competence
Answer:
5.57%
Explanation:
Assuming that pure expectation theory holds, then the compounded returns of 1 year treasury security rate multiplied by the compounded return of 1 year security rate 1 year from now is equal to the compounded return of the 2 year treasury rate.
1 year treasury security rate = 4.25%
1 year treasury security rate 1 year from now = 6.9%
To solve, we have
1.0425 * 1.069 = (1 + x)²
1.1144 = (1 + x)², finding the square root of both sides
√1.1144 = 1 + x
1.0557 = 1 + x
x = 1.0557 - 1
x = 0.0557
Therefore, the yield today for 2 year treasury securities is 5.57%
Answer and Explanation:
The journal entries are shown below:
1. Cash Dr $7,811,873
To Bonds payable $7,500,000
To Premium on bonds Payable $311,873
(Being the bond payable is recorded)
For recording this we debited the cash as it increased the assets and credited the bond payable & premium as it also increased the liabilities
2. Interest expenses $268,812.7
Premium on Bonds payable $31,187.3 ($311,873 ÷ 10 years)
To Cash $300,000
(being cash paid is recorded)
For recording this we debited the interest expense and premium as it increased the expenses and credited the cash as it decreased the assets
Answer:
The correct answer is letter "A": be highly skeptical of scientific assertions that rely on vague evidence.
Explanation:
Pseudosciences are those disciplines that do not have scientific character and that are not supported in the evidence that provides the scientific method. Pseudosciences are based on properties that are not true and that cannot be proved.
<em>Analyzing scientific assertions that are not fact-proven allows identifying pseudoscience.</em>
