Answer:
a debit balance of $1,300
Explanation:
Generally in the income statement, a net profit is the excess of income over expenses during a given period and this will give a credit balance in the income statement, but this will be a debit balance in Income Summary to close the account.
On the other hand, a net loss is the excess of expenses over income during a given period and this will give a debit balance in the income statement, but this will be a credit balance in Income Summary to close the account.
Since Camera Obscura Enterprises made a net profit of $1,300 in the month of June, the balance in Income Summary will therefore be a debit balance of $1,300.
Answer:
Cost of common equity is 15.7% and WACC is 7.2%
Explanation:
D1 is
D1= 2.25 (1+0.05)
The cost of common equity is
Rs = 2.36/ 22.00 + 5% =0.157= 15.7%
The cost of common equity is weighted average cost of capital (WACC)
WACC = (0.35) * (0.08) (1- 0.40) + 0 preferred stock+ (0.35) * (0.157)
WACC = 0.03 *0.6 + 0 + 0.054
WACC = 0.018 + 0.054
WACC = 7.2%
Answer:
Option (d) is correct.
Explanation:
Given that,
On December 1,
Victoria Company signed a 90-day. 8% note payable, with a face value of $16, 200
Interest expense on December 31 is accrued for 30 days (Dec 1 - Dec 31)
Interest expense:
= Amount of note payable × Interest rate × Time period
= $16,200 × 8% × (30 ÷ 360)
= $108
Therefore, amount of interest expense is accrued at December 31 on the note is $108.
Communism is a type of political and social system. Under the Communism system, all the business has public ownership and the government has control over the businesses and the overall market. Due to the government regulation and rare private involvements under this system, there is a very little incentive to work or to produce quality goods and services.
Hence the answer is <u>Communism</u>
Answer:
I’m so sorry I needed some points but good luck
Explanation:
