<span>• One source of credit is retail stores, which are department stores (macy's, neiman marcus) that will give you a card that you can use only at that store
• Another source of credit is credit card companies like visa, mastercard, American express, and discover.</span>
Answer:
Debt Salaries payable is $8800
Credit Salaries expense is $8800
Explanation:
given data
earn unpaid and unrecorded salaries = $8,800
paid = $22,000
to find out
journal entry to reverse the effect
solution
here journal entry to reverse the effect January 1 journal entry to reverse the effect of the December 31 salary expense accrual is as
particular debt credit
Salaries payable $8800
Salaries expense $8800
as here unpaid salaries of December is paid in January
Answer:
A.$23,109.09
B.$114,829.09
C. 22.1%
Explanation:
a.
Interest expense 95,118
Interest (income) (9,144)
Other non-operating (income), net 23,517
($95,118 - $9,144 – $23,517)
= $62,457 ×37%
=$23,109.09
b.
Provision for income taxes $91,720 +$23,109.09 =$114,829.09
c.
$114,829.09/519,233
= 0.22 ×100
= 22.1%
Answer:
2.2
Explanation:
In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below
Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)
18% = 7% + Beta × 5%
18% - 7% = Beta × 5%
11% = Beta × 5%
So, the beta would be
= 2.2
The (Market rate of return - Risk-free rate of return) is also known as market risk premium and the same has applied.
Answer:
$4,400
Explanation:
For calculation of amount that will be credited to Accounts Payable first we need to find out the GST and PST which is shown below:-
Goods and services tax GST = Goods and services percentage × Purchase cost
= 5% × $4,000
= $200
Provisional sales tax PST = Provisional sales tax percentage × Purchase cost
= 5% × $4,000
= $200
Amount that will be credited to accounts payable = Purchase cost + Goods and services tax GST + Provisional sales tax PST
= $4,000 + $200 + $200
= $4,400
Therefore for computing the amount that will be credited to accounts payable we simply added all the taxes value with the purchase cost.
