Answer:
Cash Interest payable on Bond = $399,000*4.5% = $17,955
Discount to be amortized = ($399,000-$394,000)/20 = $250
Interest expense = $17,955+$250 = $18,205
Date Journal Entry Debit Credit
Interest Expense $18,205
Discount on bonds payable $250
Cash $17,955
Answer:
Option 3: $12 down with equal payments of $5 for 12 months
Explanation:
In option 1 :
The cost is $ 88,
In option 2 :
Down payment = $ 5,
Weekly payment = $ 8,
Number of weeks = 10,
So, the total cost = 5 + 8 × 10 = 5 + 80 = $ 85,
In option 3 :
Down payment = $ 12,
Monthly payment = $ 5,
Number of months = 12,
So, the total cost = 12 + 5 × 12 = 12 + 60 = $ 72,
In option 4 :
Down payment = $ 20,
Monthly payment = $ 20,
Number of months = 12,
So, the total cost = 12 + 20 × 12 = 12 + 240= $ 252
∵ 72 < 85 < 88 < 252
Hence, option 3 is better.
Answer:
$50
Explanation:
As per previous balance method the Interest is charged based on the opening balance of the Credit Card.
As $50 was the balance from previous month and opening balance for this month, Hence $50 would be the amount we would use to calculate the interest for this month.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
hell is what it should be but mercy is what's been shown. step by step utill one or more can carry the wounded. kinda male since
