Answer:
$1,200
Explanation:
Since the promissory note is accepted by Dallas Corporation for the period of only four months in the Year 1 i.e. from the September 1, Year 1 to December 31, Year 1, therefore the interest revenue will be accrued for the period of four months which shall be calculated using the below mentioned equation:
Interest revenue=Promissory note amount*interest rate*4/12
=$30,000*12%*4/12
=$1,200
Answer:
Net Fixed Assets remains fixed
Explanation:
The reason is that the company will not desire to increase its investment if the net fixed Assets does not increases the production capacity so the net fixed assets will remain the same for period. The depreciation will be the same for the year required it is not production dependant. Net fixed assets also doesn't changes with the changes in production and debt to equity level. It remains fixed for the period.
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Answer: Daily, because your money will have more money have interest on it. For example if 5$ is compounded annually and you get 1.3% a year, then you will get 5.013$ at the end of the year. But if it is compounded daily, at the end of the year you will have 5.07$ which is a lot more.
Explanation:
I hope this helped!
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- Zack Slocum
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Answer:
Dr Cr
Cash (15,000 × $15) $225,000
Common Stock $120,000
(15000 shares × Stated value $8)
Paid-In Capital in Excess of Stated $105,000
Value - Common
($225,000 - $120,000)
