Answer:
Interest Payable - 2021 = $6653.33 rounded off to 6653
Explanation:
The accrual principle in accounting requires the revenue and expenses for a period to be matched and recorded in their corresponding or respective periods. Thus, even though the interest on note will be paid at maturity in 2022, the interest expense related to the month of November 2021 and December 2021 will be recorded in the current year at 31 December as interest payable.
Interest Payable - 2021 = 499000 * 8% * 2/12
Interest Payable - 2021 = $6653.33 rounded off to 6653
NASTY AND ALSO THE GUY THE ANSWERED IS NOW BANNED HAHAHA
It’s 70 $ the answer is 70
Self-interest of course! Though you gave us no clue as to who is Adam... You can tell it's mostly self-interest due to the fact that he hasn't taken any class or anything on it. Looks to me that he genuinely just loves cooking!
Answer: 1.66
Explanation:
Based on the information given in the question, the beta of the stock will be calculated as follows:
Expected return = 16.2%
Market return = 11.2%
Inflation rate = 3.1%
Risk-free rate of return = 3.6%
We should note that:
Expected return = risk-free rate + Beta × (market rate- risk-free rate)
Therefore,
16.2% = 3.6% + Beta × (11.2% - 3.6%)
16.2% = 3.6% + Beta × 7.6%
16.2% - 3.6% = Beta × 7.6%
12.6% = Beta × 7.6%
Beta = 12.6% / 7.6%
Beta = 1.66
