Answer: $9,009
Explanation:
To find the Effective Interest Rate, you should convert the stated interest rate into a semi-annual interest rate as that is when interest is payable.
Effective interest Rate = 10% Per annum
= 10/2
= 5%
5% is to be paid Semi-annaully.
Interest Expenses for the first 6 months is therefore,
= Issue Price * effective interest rate
= 180,181 * 5%
= $9,009
$9,009 is the amount of effective interest expense that should be recorded for the six months ended June 30, Year 1.
Answer:
paradigm shift
Explanation:
Based on the information provided within the question it can be said that this is an example of a paradigm shift. This term refers to a fundamental change within an a company's or entity's set of discipline or norms of it's basic concepts. Which in this scenario adding same day home delivery drastically changes the basic concept of an in person organic food grocery store as people are able to order online and never have to set foot into the store. Which may even lead the store to close their brick and mortar store and function strictly online.
Answer:
Bob can pay to support his local public radio station, which depends on donations to be as effective as possible. Bob listens to the radio station several hours per day but never donates since he suspects that other people will donate enough to keep the station on the air.
Jim is working on a group project for a class in which he wants a high grade. However, since the grades are assigned to the group as a whole and he knows that the other group members will pick up most of the extra work, Jim calls in sick and plays video games on his Dream Station 64
Explanation:
Free riding is a form of market failure where a person who benefits from a good or service doesn't pay for it.
Bob enjoys the radio but doesn't support it and Jim doesn't participate in the group project but expects to earn a good grade; these are examples of free riding.
Karl doesn't benefit from the street light and doesn't pay; hence, he is not free riding.
I hope my answer helps you.
<span>Benjamin Addai determined the following tax information: gross salary, $41,000; interest earned, $80; deductible IRA contribution, $1,075; personal exemption, $3,950; and itemized deductions, $6,200. Calculate Benjamin’s taxable income and tax liability filing single.</span>
This accusation is incorrect.
