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mestny [16]
3 years ago
9

Which of the following statements is correct regarding the adjusting entry to record interest accrued on a note payable?

Business
1 answer:
WARRIOR [948]3 years ago
5 0

Answer:

b. Interest on a note payable should be credited to Notes Payable because it increases the amount of principal to be repaid at the maturity of the note.

Explanation:

Interest accrued on a note payable journal entry :

Debit  : Interest Payable

Credit : Note Payable

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Shamas famous restaurants expects to pay a common stock dividend of $1.50 per share next year (d1). dividends are expected to gr
Tpy6a [65]

The company's external equity comes from those funds raised from public issuance of shares or rights. The cost of external equity is the minimum rate of return which the shareholders supply new funds <span>by </span>purchasing<span> new shares to prevent the decline of the market value of the shares. To compute the cost of external equity, we should use this formula:</span> 

Ke<span> = (DIV 1 / Po) + g</span> 

Ke<span> = cost of external equity</span> 

DIV 1 = dividend to be paid next year 

Po = market price of share 

g = growth rate 

In the problem, the estimated dividend to be paid next year is $1.50. The market price is $18.50 and the growth rate is 4%. 

<span>Substituting the given to the formulas, we need to divide $1.50 by $18.50 giving us the result of 8.11% plus the growth rate; this would yield to the result of 12.11% cost of external equity.</span>

8 0
3 years ago
Interest rates on a loan provide what key information?
vesna_86 [32]

Answer:

d

Explanation:

i just took the test my gee

6 0
3 years ago
For each separate case, record an adjusting entry (if necessary). Barga Company purchases $32,000 of equipment on January 1. The
scoundrel [369]

Answer:

<u>Equipment:</u>

                                                  Dr.       Cr.

Depreciation Expense          $5,520

Accumulated Depreciation                $5,520

<u>Land:</u>

Land never depreciates, so there is no adjusting entry for the Land purchased on year end.

Explanation:

Year end is not given in the data so, it is assumed the December 31 is the end of the year

Equipment

Depreciation  for the year = ( Purchase price - Residual value ) / useful life

Depreciation  for the year = ( $32,000 - $4,400 ) / 5 years

Depreciation  for the year = $5,520

8 0
3 years ago
Department M had 600 units 60% completed in process at the beginning of June, 6,000 units completed during June, and 700 units 3
irina [24]

Answer:

5,850 units

Explanation:

Units Incomplete at the beginning of the month:

= No. of units × 40% incomplete

= 600 units × 0.4

= 240 units

Units completed during the month:

= 6,000 - 600

= 5,400 units are completed

Units completed at the end of June:

= 700 units × 30%

= 210 units

Number of equivalent units of production for conversion cost for the period:

= 240 + 5,400 + 210

= 5,850 units

4 0
3 years ago
Which statement best explains the decrease in manufacturing jobs over the next few years?
Anastaziya [24]

The best reason for the reduction in manufacturing jobs is that These jobs are often outsourced to overseas factories.

<h3>Manufacturing trend in developed countries </h3>
  • Large companies are outsourcing manufacturing services to other nations.
  • This is usually to save costs and to avoid certain regulatory oversight.

As a result of these jobs being shipped abroad, manufacturing jobs in developed countries are suffering and will decrease in the next few years.

In conclusion, option B is correct.

Find out more on manufacturing jobs at brainly.com/question/25553251.

7 0
2 years ago
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