Answer:
Oct 6 Cash 7344 Dr
Interest Revenue 144 Cr
Notes Receivable 7200 Cr
Explanation:
First we calculate the day on which notes receivable is due.
We start from July 9 as being our first day and in July there are 31 days so 31 - 8 = 23
In August there are 31 days.
In September there are 30 days.
So total days till september are 22+31+30 = 84
So the note is due to be received on October 6.
The amount of interest due is 7200 * 0.08 * 90/360 = $144
The entry to be passed on Oct 6 is a debit to cash for the amount of principal and interest (7200+144) and a credit to interest revenue of 144 and notes receivable of 7200
Answer:
The correct answer is letter "D": stimuli, brain, brain–mind interface, mind.
Explanation:
The Let Me Learn (LML) Process is an explanation of what steps are followed in our brain while learning something. At first, there are stimuli captured by our senses. Our senses regulate the stimuli and let the stimuli enter our brain. The brain must translate the stimuli thanks to our working memory staying in the brain-mind interface to finally store the translated information into the mind and use the information as necessary.
Answer:
It eliminated the need for fixed costs.
Explanation:
Answer:
The bias of most investors suffering from familiarity or overconfidence bias can be attributed to human factor of being comfortable with what the person knows. For example, Investor A knows the owner of Company B, he or she would be comfortable to invest in Company B because he or she is familiarize with the owner or the company.
<em>On the other-hand, when an investor reviews the businesses that he or she has invested in that are doing well, the individual will become overconfident in his or her ability to know and find good prospects to invest. The investor will become laid back in doing his investigation before investing in subsequent businesses.</em>
Explanation:
Answer:
$3.72
Explanation:
in order to determine the price of the stock we use the dividend discount model:
P₀ = Div₁ / (Re - g)
- P₀ = $90
- Div₁ = ?
- Re = 9%
- g = 9% / 2 = 4.5%
Div₁ = P₀ x (Re - g)
Div₁ = $90 x (9% - 4.5%) = $90 x 4.5% = $4.05
now the current dividend (Div₀) = Div₁ / (1 + Re) = $4.05 / (1 + 9%) = $4.05 / 1.09 = $3.7156 = $3.72