Answer:
Oct 31
Dr Cash $7,201
Cr Notes receivable—R. Albany $7,000
Cr Interest revenue $201
Explanation:
Preparation of Jun's journal entry assuming the note is honored by the customer on October 31, of that same year
Oct 31
Dr Cash $7,201
($7,000+$201)
Cr Notes receivable—R. Albany $7,000
Cr Interest revenue $201
(11.5%*7,000*90/360)
The more complex the task the more difficult it is to reach goals. People are more likely to achieve goals when tasks are easier. Simplifying tasks can help goal setting.
Answer: ER(P) = Rf + β(Rm-Rf)
6 = 5 + β(17-5)
6 = 5 + β(12 )
6 - 5 = 12β
1 = 12β
β = 1/12
β = 0.083
Explanation: In determining the Beta of the stock, we need to apply capital asset pricing formula and then make Beta the subject of the formula. Other variables will be substituted with the exception of Beta, which becomes the subject of the formula.
If a company complies with government regulations, it incurs implementation costs. When a company decides to agree and follow new regulations, it will have to implement them into their organization. By implementing them, they are making changes within their organizations processes and therefor having costs associated with the changes.
Answer: This is called <u>Self-interest bias</u>.
Explanation:
When someone is using this type of bias they are doing it for their own self interest. They will use all information gathered to use the information that will benefit themselves and their interests. This can be considered unethical in some types of businesses. The person using self interest bias will try to blame others for any failures that they may have. They may also refuse to take personal responsibility in any situation.
These are three other types of bias;
- Selection bias
- Information bias
- Confounding
