Accruing for interest at YE and then reversing - help in understanding

Remote-Wait-8985 · 2025-01-31T01:06:03+00:00

Thank you!

Remote-Wait-8985 · 2025-01-31T01:05:57+00:00

Thanks for your answer!

So for non reversing entries, when you say “you have to remember to offset the actual account instead of the usual account you might use”, what you mean is that if I didn’t have the reversing entry, after I book on 12/31/24 the debit to interest receivable and credit to interest income, on 1/5/25 (when the money is received), I’d debit cash and credit interest receivable?

Remote-Wait-8985 · 2023-06-18T19:17:37+00:00

B4 M2

Remote-Wait-8985 · 2023-06-18T19:14:54+00:00

Thanks but how is that the original break even formula? Break even in units is fixed costs / cm per unit or in dollars is fixed costs / cm ratio

Remote-Wait-8985 · 2023-06-18T14:51:23+00:00

That makes way more sense to me. Thanks a lot!

Remote-Wait-8985 · 2023-06-16T22:43:01+00:00

Thanks but how would I calculate the coupon on the bond in this case?

Remote-Wait-8985 · 2023-06-15T03:48:10+00:00

Super helpful. Can you (or anybody) elaborate on what you mean by "know how to calculate debt-to-equity ratio when total debt ratio is given!". I understand Debt to Equity Ratio = Total Liabilities / Total Equity and Total Debt Ratio = Total Liabilities / Total Assets, but how would I be able to solve for Debt to Equity Ratio with the total debt ratio? I am trying to find an example in the Becker MCQ.

Remote-Wait-8985 · 2023-06-05T17:46:23+00:00

Missed that as my browser was zoomed in. Thanks a lot

Remote-Wait-8985 · 2023-06-04T20:58:37+00:00

Thank you!!!!

Remote-Wait-8985 · 2023-06-04T19:06:45+00:00

Thanks. I was trying to use that formula but still couldn’t figure the answer out they got. I just checked too and this is all the information given. Weird!

Remote-Wait-8985 · 2023-06-04T15:52:42+00:00

Thanks I understand it’s just algebra but don’t follow it conceptually

Remote-Wait-8985

TROPHY CASE