Answer:
$7,600
Explanation:
The computation of cash paid on July 1 to the bondholders is shown below:-
cash paid on July 1 to the bondholders = Par Value × Semi annual coupon rate
= $190,000 × 6 months ÷ 12 months × 8%
= $190,000 × 0.5 × 0.08
= $7,600
We considered the 6 months as semi-annually is mentioned in the question
Therefore for computing the cash paid on July 1 to the bondholders we simply applied the above formula.
A debtor<span> is someone who owes a financial obligation (a “debt”) to another, known as the </span>creditor<span>. An example of a </span>debtor-creditor relationship<span> is where a bank lends money to an individual or company, on the basis that the money has to be paid back at some point to the bank</span>
Answer:
The correct answer would be option D, Unlimited Personal Liability.
Explanation:
When a person sets up a new business on his own, without having any other person's involvement, or without any partnership, then he is solely responsible for all the profits he earns and all the losses he bears. He is completely responsible for all the liabilities, which is no doubt not a major advantage of being a sole proprietor. He has the full control over the business, he is the only decision maker, he also enjoys the profits solely, but besides all of these advantages, when it comes to debts or any damages, he is the one solely responsible for these debts and damages. This means he has the unlimited personal liability.
Answer: The answer is given below
Explanation:
The schedule showing the amount recorded goes thus:
Particulars Amount($)
Purchase price 697000
Freight costs 33500
Electrical connection 4700
labor costs 36300
Bread dough used in testing oven
870
Safety Guards 1470
Total cost of equipment = 773840
The repairs cost 4700 is excluded because it is not a normal cost of the installation, therefore, it should be recorded as an expense in the income statement.
<span>The market value of a product is the price point that is generally accepted by seller and buyer
Hope this helps best of luck =]
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