Answer: See explanation
Explanation:
The general journal entries necessary to adjust the interest accounts at December 31 will be:
1. December 31:
Debit: Interest Expenses = $8,000 × 9% × 51/ 360 = $102
Credit: Interest payable = $102
(To accrue interest expenses for the note issued on November 10).
2. December 31:
Debit: Interest Expenses = $12,000 × 10% ×30/360 = $120
Credit: Interest payable = $120
(To accrue interest expenses for the note issued on December 1)
3. December 31:
Debit: Interest Expenses = $12,000 × 10% × 11/360 = $36.67
Credit: Interest payable = $36.67
(To accrue interest expenses for the note issued on December 20).
Answer:
B
Explanation:
Intrinsic value of the stock using the constant growth DDM model = D1 / r - g
D1 = dividend in the following year
r = required return
g = growth rate
Since the growth rate and required rate and growth rate of both stocks are the same, the intrinsic value of both stocks would be equal to :
$7 / 0.12 - .06 = $116.7
Answer:
c. sectoral shifts are always happening
Explanation:
Frictional unemployment occurs when the workers move from one job to another due to sectoral shifts in the economy.
