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:
Following are the answer to this question:
In question first, the answer is "Option d".
In question second, the answer is "Option e".
In question third, the answer is "Option e".
In question fourth, the answer is "Option e ".
In question fifth, the answer is "Option b".
Explanation:
Given values:
Solution:
= $400000000+$340000000+$4000000
= $744000000
= $744000000
+ $50000000+$6000000+$850000000
= $1,650,000,000
-
Saving account deposits, which means its amount of money increased throughout the M2 portion regular savings account. So M2 will grow
- Its increase in the number of employees may not impact the balance sheet with banks, because each bank maintains its entire cash flow
- For banks, loans are investments if they're lending money as a bank to people. So, it's on income statement asset side
Answer:
$24,530, $23,530
Explanation:
Incomplete word <em>"and if the spot price in September proves to be $2,300."</em>
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Note that Call options will be exercised only if the price on expiry is greater than strike price
Strike price = $2400
Premium paid = $53 for each contract, so the total premium paid = $530 for 10 contracts
<u>CASE 1</u>
Price = $2600
As price on expiry=2600 > Strike price=2400
Call option will be exercised.
Company will pay = $2400 * 10+530 = $24,530
<u>CASE 2</u>
Price = $2300
As price on expiry=2300 < Strike price=2400
Call option will not be exercised and will purchase from open market
Company will pay = $2300 * 10+530 = $23,530
Answer:
fees paid at the end of a real estate transaction.
