The company has to pay 11% interest for funds from its bank.

a. Record the two journal entries that should be recorded by Cullumber Company for the two purchases on January 1, 2020.

b. Record the interest at the end of the first year on both notes using the effective-interest method.

An investment offers a total return of 18 percent over the coming year. janice yellen thinks the total real return on this investment will be only 14 percent. what does janice believe the inflation rate will be over the next year?

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?

Why is investing in a mutual fund less risky than investing in a particular company’s stock?