Answer:
The amount of interest expenses can be deducted on Jordan's Schedule C is $348.54
Explanation:
Allowed expense = $942*37%
= $348.54
Therefore, The amount of interest expenses can be deducted on Jordan's Schedule C is $348.54
Answer:
January 31
Dr Salary expenses $ 1,650
Cr Salary Payable $ 1,650
February 9
Dr Salary expenses $ 5,850
Cr Salary Payable $ 1,650
Cr Cash $ 7,500
Explanation:
Preparation of the journal entries for January 31 and February 9
January 31
Dr Salary expenses $ 1,650
Cr Salary Payable $ 1,650
( To record actual salary payable )
February 9
Dr Salary expenses $ 5,850
($7,500-$1,650)
Cr Salary Payable $ 1,650
Cr Cash $ 7,500
(To record total salaries paid with accrued salary of January)
Answer:
1. The loss contingency should be accrued
2.$5,000,000
3. $5,000,000
4. loss- product recall $5,000,000
liability- product recall $5,000,000
Explanation:
Sound Audio manufactures and sells audio equipment for automobiles. Engineers notified management in December 2021 of a circuit flaw in an amplifier that poses a potential fire hazard. An intense investigation indicated that a product recall is virtually certain, estimated to cost the company $5.0 million. The fiscal year ends on December 31.
from the question we can deduce that:
1. This is a loss contingency and should be accrued because of the liability. The if the event will occur and the estimate is certain
2) loss: $5,000,000
3) liability: $5,000,000
4) loss- product recall $5,000,000
liability- product recall $5,000,000
a disclosure note is needed
The answer is 
Calculate the expected return using CAPM approach as follows:
How to calculate the price at the end of the year?
Price at the end of year = Price today 
Expected return 
The dividend is deducted from the price at the end of year as after the dividend declaration the stock price tend to reduce. Calculate the expected selling price of share as follows:
Expected selling price = Price at the end of year - Dividend
Therefore, the expected selling price of share is .
To learn more about dividend declaration the stock price visit:
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Answer:
Stock's expected return = 12.90%
Standard Deviation = 29.68%
Coefficient of variation = 2.30
Sharpe ratio = 0.30
Explanation:
Note: See the attached excel file for the calculations of the Stock's expected return and Variance.
Given:
Risk-free rate = 4%.
From the attached excel file, we have:
Stock's expected return = Total of Stock's Expected Return = 0.1290, or 12.90%
Variance = Total of F = 0.0880890, or 8.8089%
Standard Deviation = Variance^0.5 = 0.0880890^0.5 = 0.2968, or 29.68%
Coefficient of variation = Standard Deviation / Stock's expected return = 29.68% / 12.90% = 2.30
Sharpe ratio = (Stock's expected return - Risk-free rate) / Standard Deviation = (12.90% - 4%) / 29.68% = 0.30
