Answer:
Dr amortization expense $6,900
Cr Accumulated amortization $6,900
Explanation:
The adjusting journal on 31 December is to reflect the amortization charge of $6,900 in both accumulated amortization and amortization expense accounts.
Find attached t-accounts,note that amortization expense account would not have a closing balance as the amount of amortization is written to income statement
The answer is C) Both A and B
When a town issues bonds, it is issuing an IOU with interest, usually to help fund projects (such as roads or bridges) or to provide a public service.
Keep in mind that the town is saving money for residents only if it is the residents of the town who purchase the bonds. These bonds enable the residents to earn a return on their savings, since they are entitled to be paid back by the town with interest at a predetermined date.
The statement in the question is True.
<u>Explanation:</u>
In statistics, the residual sum of squares (RSS), otherwise called the sum of squared residuals (SSR) or the total of squared estimate of errors (SSE), is the aggregate of the squares of residuals (deviations anticipated from real observational estimations of information). It is a proportion of the error between the information and an estimation model.
A little RSS demonstrates a tight attack of the model to the information. It is utilized as an optimality standard in parameter determination and model choice.
Answer:
Project 1
Explanation:
IO PI IRR LIFE
Project 1 $300,000 1.12 14.38% 15 years
Project 2 $150,000 1.08 13.32% 6 years
Project 3 $100,000 1.20 16.46% 3 years
Assume that the cost of capital is 12%.
We should invest in the projects that have the highest profitability index (PI) first.
PI = present value of project's cash flows / initial outlay
Projects with a high PI should also have high IRRs and this applies to this situation:
- Project 3 has a PI of 1.2 and an IRR of 16.46%
- Project 1 has a PI of 1.12 and an IRR of 14.38%
- Project 2 has a PI of 1.08 and an IRR of 13.32%
If the protects weren't mutually exclusive and the company had enough money for the 3 of them, then it should invest in all of them. But that is not the case, here, since the company has to decide in which project it will invest (only 1 project). The first option should be project 3, but since it cannot be repeated, and its life is short, I would go for project 1.
Besides, it is the only possible answer since you have to choose only 1 project (remember projects are mutually exclusive).
<span>The blurring of the lines separating the subsets of the financial industry started in the 1950s.
</span>The products and services in 1950 were primarily loans, deposits, payment services, savings products, fiduciary services. By 2010, products and services further expanded to include <span>Off-Balance Sheet activities, f</span><span>inancial guarantees,</span><span>derivatives.</span>