Answer:
Debit Income Summary $84,800, Credit High Step Shoes, Capital $84,800
Explanation:
Preparation of what The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed, is:
Debit Income Summary $84,800
Credit High Step Shoes, Capital $84,800
($192,000-$107,200)
(To close the Income Summary account )
You answer would be: <span>awareness</span>
Answer:
Equipment and notes payable
Explanation:
Since the equipment is purchased by signing the note payable which affected the two accounts i.e equipment and the note payable. In this, the cash transaction is not involved, so cash should not be considered
The journal entry would be
Equipment A/c Dr $10,000
To Notes payable $10,000
(Being the equipment is purchased by signing a note payable)
Answer:
30.92%
Explanation:
You find the answer by calculating the cost of equity using two methods; Dividend discount model and CAPM
<u>Dividend discount model;</u>
cost of equity; r = (D1/P0) +g
whereby, D1 = next year's dividend = 3.00
P0= current price = 13.65
g = dividend growth rate = 11% or 0.11 as a decimal
r = (3/13.65) + 0.11
r = 0.2198 + 0.11
r= 0.3298 or 32.98%
<u>Using CAPM;</u>
r = risk free + beta (Market risk premium)
r = 0.049 + (2.8 * 0.0856)
r = 0.049 + 0.2397
r = 0.2887 or 28.87%
Next, find the average of the two cost of equities;
=(32.98% + 28.87% )/2
= 30.92%
Many of today's automobiles come daytime running lights equipped with automatic.
<h3>
What is daytime running lights ?</h3>
- Daytime running lights are used to increase a vehicle's visibility during the day and warn other motorists when/if they are in their blind spot.
- This increases visibility and safety.
- This feature is very helpful for motorcycle safety because daytime running lights make motorcycles more visible.
- After you turn on your automobile, if the DRL warning light is still on, your headlights may have a bad bulb or a bad circuit.
- During the day, most drivers turn their headlights off. A DRL enhances road safety by helping drivers see other vehicles quickly.
When did DRL become mandatory?
- Since 2011, all new vehicles and small vans sold in the EU have been legally required to have DRLs installed in the front.
- Although some manufacturers opt to install them there as well, it is not obligatory.
Learn more about daytime running lights( DRL) brainly.com/question/13520008
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