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serious [3.7K]
3 years ago
5

1. Moss County Bank agrees to lend the Sadowski Brick Company $500,000 on January 1. Sadowski Brick Company signs a $500,000, 6%

, 9-month note. What is the adjusting entry required if Sadowski Brick Company prepares financial statements on June 30
Business
1 answer:
Rainbow [258]3 years ago
3 0

Answer:

Debit interest expenses for $15,000

Credit interest payable for $15,000

Explanation:

Since January 1 to June 30 is 6 months, we need to calculate interest expenses for the 6 months as follows:

Monthly interest expenses = ($500,000 * 6%) / 12 = $2,500

Interest expenses for 6 months = $2,500 * 6 = $15,000

The adjusting entry required will therefore look as follws:

<u>Date            Particulars                              Dr ($)                 Cr ($)        </u>

June 30      Interest expenses                 15,000

                   Interest payable                                               15,000

<u>                    (</u><em><u>To record 6 months interest payable on note.)           </u></em><u>         </u>

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Caribou Gold Mining Corporation is expected to pay a dividend of $6 in the upcoming year. Dividends are expected to decline at t
Oxana [17]

Answer:

A) $50

Explanation:

The computation of the intrinsic value of the stock is shown below:

But before that the required rate of return is computed by using CAPM

Required rate of return = Risk-free rate of return + Beta × (Market rate of return - risk-free rate of return)

= 5% + 0.5 × (13% - 5%)

= 5% + 0.5 × 8%

= 5% + 4%

= 9%

Now the intrisinc value is

= Dividend ÷ (required rate of return - growth rate)

= $6 ÷ (9% - (-3%)

= $6 ÷ 12%

= $50

Hence, the intrinsic value of the stock is $50

Therefore the correct option is A.

4 0
3 years ago
Diane, a police officer, stops Tim's car for a traffic offense. While talking to Tim, she shines a flashlight into the passenger
kati45 [8]

Answer:

Diane may search the passenger compartment of the car and any place else in the car, including the trunk, without Tim's consent. ⇒ TRUE

Explanation:

The Fourth Amendment of the Constitution protects people against illegal searches, seizures and warrants, but there are exceptions to this amendment:

  1. consensual searches: if the person is OK with the police officer searching his/her belongings
  2. brief investigatory stops: when the police officer is suspicious about a crime being committed
  3. searches incident to a valid arrest: if the police officer is arresting someone, he/she is allowed to search him
  4. seizures of items in plain view: if property is in plain view, the police officer does not need a warrant. ⇒ this exception applies to this case.
4 0
3 years ago
When management and supervisors’ treatment of an employee largely determines that employee’s performance. This is an instance of
Vesnalui [34]

Whilst supervisors look at terrible overall performance in an employee, they're maximum in all likelihood to blame the employee for missing potential.

Whilst businesses treat personnel pretty, everybody wins

  • Making decision-making transparent.
  • providing employees with possibilities to offer input/remarks.
  • Acknowledging employees' contributions.
  • Making time for personnel to provide input on decisions while feasible.
  • Treating employees with respect and dignity.

Treating personnel with admiration, showing appreciation for their paintings, and being an encourager will create a preference in personnel to additionally treat clients and clients properly. it will contribute to better productiveness tiers and profitability. It makes employees need to return to work and no longer dread it.

The moves of an employee's direct manager have an important effect on employee engagement. Managers who fail to engage their personnel through growing nice relationships with them can cause an exodus of pinnacle expertise. The price in time and assets to update these employees may be inordinate.

When employees are handled nicely, they may be a long way less in all likelihood to cease, which means that you could store the money and time you'll spend on hiring new employees. selling from within way that employees are much more likely to stay at the job longer, considering that they realize it may result in a higher role and/or salary.

Learn more about employees here: brainly.com/question/1190099

#SPJ4

5 0
1 year ago
A stockholder sold her shares and made a profit of $1,403. If that is a profit of 27%, how much were the shares worth when she o
tigry1 [53]

The worth of the shares when the stockholder originally purchased them is $1105.

<h3>What are shares?</h3>

Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.

It is assumed that the purchase price of the share is $100. As the stockholder sold her shares for $1,403, making a profit of 27%, it implies that:

  127 = $1,403

∴ 100 = $1,403/127 × 100

        = $1104.72

Therefore, $1104.72 is the original purchase price of the share.

To learn more about share, click here:

brainly.com/question/28392295

#SPJ1

7 0
1 year ago
on december 31 of last year, wolfson corporation had in inventory 450 units of its product, which costs $22 per unit to produce.
11Alexandr11 [23.1K]

Answer:

$18,650

Explanation:

FIFO means first in, first out. It means its the oldest inventory that are sold first .

If the company sold 800 inventory, the 800 would be taken from the beginning inventory which is a total of 450 and the remaining 350 would be taken from the inventory produced in January.

Cost of goods sold

450×$22 = $9,900

350 ×$25= $8,750

$9,900 + $8,750 = $18,650

I hope my answer helps you

8 0
3 years ago
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