Answer:
Explanation:
The journal entry is shown below:
Interest expense A/c Dr $3,000
To Interest payable A/c $3,000
(Being interest is recorded)
The computation of the interest expense is shown below:
= Principal × rate of interest × number of months ÷ total number of months in a year
= $125,000 × 6% × (4 months ÷ 12 months)
= $2,500
The four-month is calculated from the September 1 to December 31
Financial managers should strive to maximize the current value per share of the existing stock to: maximize shareholders' wealth.
What is the overriding goal of financial management?
The main objective of financial management is to increase shareholder's wealth such that share price increases in value year-in-year-out.
The financial managers would achieve this goal by investing in projects whose net present value is positive, in other words, the NPV per share is the expected increase in value per share of existing stock.
In short, financial strategies put in place to achieve increasing share price year-in-year-out are aimed at wealth maximization
Find out more about shareholder wealth on:brainly.com/question/27893002
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Answer:
Water has a much higher refractive index, so does the material that the animals are made of so you can really make that difference in how light moves through the materials very minimal; therefore you can't see them. Even a piece of glass underwater is very difficult to see because that glare just doesn't happen.
i did get this from g00gle so it may be considered pagerism so just try to put it in your own words
Explanation:
Answer:
C) $40,000 inventory basis, $15,000 JM basis.
Explanation:
JM distributed $80,000 worth of inventory, since Marcella has a 50% partnership interest, then half of the inventory belongs to her, $40,000 (= $80,000 / 2).
Since Marcella also received $10,000 in cash from JM, then her remaining basis in the partnership is:
$65,000 - $40,000 - $10,000 = $15,000
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
