Answer and Explanation:
The journal entry are as follows
1. Interest expense $214,650
To Cash $214,650
(Being the first interest payment is recorded)
The computation is shown below
= $4,770,000 × 9% × 6 months ÷ 12 months
= $214,650
For recording this we debited the interest expense as it increased the expenses while on the other hand the cash is paid which reduced the cash balance so it is credited
2. Cash $530,000
To Bond payable $530,000
(Being the cash sale of bond is recorded)
For recording this we debited the cash as cash is received that increased the cash balance and at the same time we credited the bond payable
Answer:
10.02%
Explanation:
The computation of the WACC is shown below. The formula of WACC is shown below:
= (Weightage of debt × cost of debt) + (Weightage of preferred stock) × (cost of preferred stock) + (Weightage of common stock) × (cost of common stock)
= 27% × 7.6% × (1 - 0.40) + 9% × 5.9% + 64% × 12.9%
= 2.052% × (1 - 0.40) + 0.531% + 8.256%
= 10.02%
Answer:
Option (D) is correct.
Explanation:
Given that,
Beginning work in process = $4,000
Ending work in process in finishing department = $6,000
Cost transferred = $47,000
Direct material = $15,000
Direct labor = $46,000
Overhead = $22,000
Cost incurred in finishing department:
= Beginning work in process + Cost transferred + Direct material + Direct labor + Overhead
= $4,000 + $47,000 + $15,000 + $46,000 + $22,000
= $134,000
Cost of goods transferred to the Finished Goods Inventory account:
= Cost incurred in finishing - Ending work in process
= $134,000 - $6,000
= $128,000
In the stock exchange market, a firm does receives the proceeds from the sale of its securities in the primary market.
<h3>What is
primary market in stock exchange market?</h3>
Basically, the primary market is the market where securities are created and sold to the public by various firms.
In this market, different firm sells new stocks, bonds etc to the public for the first time.
In conclusion, in the stock exchange market, a firm does receives the proceeds from the sale of its securities in the primary market.
Read more about primary market
<em>brainly.com/question/3904762</em>
Answer: The correct answer is "D. They earn identical rewards per unit of systematic risk.".
Explanation: If you are comparing 3 values and by calculating, find that they all have the same Treynor ratio means that they earn identical rewards per unit of systematic risk.
