Answer:
$11,671.73
Explanation:
The computation of the bank statement dated October 31,2015 balance is
Ending balance $21,335.83
Less: Outstanding checks -$9,669.69
Add: Interest received $30.59
Less: Service charged -$25
Reported balance $11,671.73
We simply deducted the outstanding checks and service charged and the rest items would be added to the ending balance so that the reported balance could come
Answer:
The difference between charismatic leadership and transformational leadership is: Charismatic leadership gravitates around the leader and the persona of the leader. Transformational centers around a common vision and focuses on improving and evolving all team members to reach another level.
Answer:Woodmier journal $
1. Date
2021
Warranty expenses Dr 90,000
Warranty liability Cr. 90,000
Narration. Amount of warranty incurred for the year.
2021
Warranty liability Dr 90,000
Bank/Cash. Cr. 90,000
Narration. Payment of warranty expenditures.
2. No entry require
Explanation:
The warranty expenses since is a period of one year can be accounted for at the end of the year without requirements for provision at the beginning of the year. The actual warranty is debited to the income statement and the liability recognized as a creditor until payment.
The discontinuation of the sales of the product in 2021 will not affect the already incurred warranty liability and the account posting thereon in the following years.
Answer:
14%
Explanation:
Capital asset pricing model measure the cost of equity oof a company. it is used to make decision for addition of specific investment in a well diversified portfolio.
Formula for CAPM
Expected return = Risk free rate + beta ( market risk premium )
As per given data
Beta = 1.06
Market risk Premium = 8.5%
Risk free rate = 5%
Cost of equity = 5% + 1.06 ( 8.5% )
Cost of equity = 5% + 9.01%
Cost of equity = 14.01%
