Based on what you have a degree on, where the company/business is, would you be happy with the amount of money you got, and would you be ok with what you're doing.
<u>Solution and Explanation:</u>
The following journal entries will be passed at the end of December month:
Number Account details and explanation debit credit
1. Utility expense 600
Accounts payable 600
(To record the accrued utility exxpense)
2. Salaries and wages expense 3000
(10 * 3 days * $100)
Salaries and wages payable 3000
(To record salaries and wages expense )
3. Interest receivable ( $1200 divide by 12) 100
Interest revenue 100
( To record the interest revenue)
Answer:
California Scientific provides for their long-term funding needs through "<em>Equity Financing".</em>
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Explanation:
Equity financing is the process of raising capital through the sale of shares.
WELL If you are at bad or good grades it is ALL WAYS TRUE
Answer:
We are going to pay $892.137 or less for the bonds.
Explanation:
We need to calculate the present value of the bond at 11% interet rate
Cashflow from the bond:
Principal x interest = interest service
1,000 x 9.5% = 95
Present value of annuity of 95 during 15 year at 11%
Present value of the interest service 683,1326097
Second we have to calculate the present value of the 1,000 principal in 15 years
209.0043467
Finally we add both together for the present value fothe bond at our rate
209.0043467+ 683,1326097 = 892.1369564 = 892.137