How do banks make a profit?

Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the fol

lilavasa [31]

Answer:

Given Below

Explanation:

Golden Eagle Company

General Journal 

Adjusting Entries December 31st 

Sr. No Particulars Debit Credit

1. Supplies Expense $ 1000 Dr.

Supplies Account $ 1000 Cr.

The supplies that were at the end of Nov have been used and new supplies purchased are still on hand.

2. Insurance Expense $ 1000 Dr.

Prepaid Insurance 1,000 Cr.

Insurance cost is $1,000 per month. Insurance of $1000 expired during the month of December.

3. Salaries Expense $ 14000 Dr.

Salaries Payable $ 14000 Cr.

Salaries for December owed for December are $14,000.

4. Unearned Revenue $ 500 Dr.

Revenue Earned $ 500 Cr.

Defered Revenue earned at the end of December.

3 0

3 years ago

To select nonadjacent items, hold down the ________________ key while selecting the items.

Bas_tet [7]

To choose non-adjacent items, hold down the _SHIFT_BUTTON____ key and connect to the desired items.

<h3>Which key is pushed from the keyboard to set the nonadjacent files folders?</h3>

To use the keyboard to choose a group of icons that are not adjacent, pick the first file, hold down the Ctrl key, and use the arrow keys to move through the list; press the spacebar for per file you want to select.

Select the row number to set the entire row. Or select on any cell in the row and then click Shift + Space.To select non-adjacent rows or columns, hold Ctrl and choose the row or column numbers.

To learn about SHIFT BUTTON visit the link

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#SPJ4

6 0

1 year ago

Commercial paper isa. ) loans made by commercial banks b.) loans made by the federal reserve bank to its members c.) a corporati

miv72 [106K]

Answer: a corporations short term notes

Explanation: Commercial paper can be defined as the money market security having maturity of less than 270 days. These are not backed by any collateral thus these could be issued by large companies having high credit worth in the market.

These are issued by corporations for coping with its short term obligations.

These are guaranteed by the issuing company.

3 0

3 years ago

firm has 2,000,000 shares of common stock outstanding with a market price of $2 per share. It has 2,000 bonds outstanding, each

Yuki888 [10]

Answer:

A Firm

The firm's WACC is:

= 12.16%

Explanation:

a) Data and Calculations:

Common Bonds

Stock

Outstanding shares/bonds 2,000,000 2,000

Market price per unit $2 $1,200

Total market value $4,000,000 $2,400,000

Total value of debt and equity = $6,400,000

Weight 62.5% 37.5% ($2,400/$6,400*100)

Cost of bonds (coupon rate) = 10%

Tax rate = 34%

Firm's beta = 1.5

Risk-free rate = 5%

Market risk premium = 7%

After-tax cost of bonds = 6.6% (1 - 0.34) * 10%

Cost of common stock =

Risk Free Rate + Beta x (Market Return - Risk Free Rate)

= 5% + 1.5 x (7%)

= 5% + 10.5%

= 15.5%

WACC = 15.5% * 62.5% + 6.6% * 37.5%

= 0.096875 + 0.02475

= 0.1216

= 12.16%

7 0

2 years ago

A cognitive psychologist believes that people learn better when they spread out their studying over several days, so she creates

Ainat [17]

The participants were tested according to the number of days they Mandarin every 20 minutes. It's been testing which would be the best model to study a foreign language. This is an experimental study of identifying the most effective method based on the experiments.

8 0

3 years ago