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Journalize the following entries for December 31. Explanations are not required.
a. Beginning supplies were $2,096. Ending supplies were $923.
b. Beginning interest expense was $0. Accrued interest expense is $777.
c. Wages incurred but not yet paid are $1,135.
Miller and Scholes
Refers to economists Merton Miller and Myron Scholes, noted for their contributions to the field of finance, including work on the pricing of options and corporate finance.
Nonsystematic Risk
The portion of investment risk that is unique to an individual asset or company, such as management decisions or product recalls, and can be mitigated through diversification.
Security Market Line
A graphical representation of the expected return of investments at different levels of risk, showing the relationship between risk and return in the capital asset pricing model.
Security Market Line
A graphical representation used in the Capital Asset Pricing Model (CAPM) that shows the relationship between the expected return of an investment and its risk.
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