Answer:
Step-by-step explanation:
Step 1: Sum of angles on a straight line is 180
Step 2:
2x + 25 + y = 180
2x + y = 180 - 25
2x + y = 155 (1)
Step 3:
3x - 10 + y = 180
3x + y = 180 + 10
3x + y = 190 (2)
Step 4: Substract equation 1 from 2
3x + y - 2x - y = 190 - 155
x = 35
Step 5:
Substitute x in equation 1 to find y
2x + y = 55
2(35) + y = 155
70 + y = 155
y = 155 - 70
y = 85
You would need 31 Vans for everyone to be transported.
Answer:
The Parry Glitter Company
The Parry Glitter Company should record the Notes Receivable as $300,000.
It should also record the interest receivable per year as $24,000 and the advertising cost as $24,000 per year. These bring into the accounting records the interest revenue and also the advertising expense, which eventually cancel each other.
Step-by-step explanation:
a) Data and Calculations:
Notes Receivable = $300,000
If the notes receivable are repaid at the end of 3 years and it is assumed that the interest on the notes receivable = 8%
Therefore, the cost of the free advertising will be equal to $24,000 ($300,000 * 8%), which is the cost of the interest to the radio station.
