Answer:
year beginning interest payment total ending
balance payment payment balance
<em>1 150000 0 50000 50000 150000</em>
<em>2 100000 10500 50000 60500 100000</em>
3 50000 7000 50000 57000 50000
4. 0 3500 50000 53500 0
b. The balance of the lease liability reported would be $ 150000
Interest payable would be $150000*0.07 = 10500
Explanation:
the opening balance is without the $50000 paid at the beginning of every year.
interest for the previous year is paid on the beginning of the current along with the payment for the year at the beginning.
<span>According to Ogburn, inventions can include both material technological artifacts which change what sorts of things that can be done and the sets of customs, rules, and conventions that allow those material inventions to be of use to members of society. For example, there were various material technological inventions which made the automobile possible (the internal combustion engine, vulcanized rubber, the universal joint), but in order for the automobile to become integrated into society a number of non-material inventions were also necessary such as road networks, agreed upon rules of the road, licensing regimes, and so on.</span>
Assets that are not expected to provide benefits for a number of accounting periods are called b. fixed assets
Answer:
freight absorption pricing
Explanation:
Freight Absorption Pricing. a pricing method in which the manufacturer bears some or all of the freight costs involved in transporting the goods to the customer.
Answer:
$170
Explanation:
Given the following information about Munster company:
Net inflow from operating ACTIVITIES = $200
Net outflow from investing ACTIVITIES = $300
Net outflow from financing ACTIVITIES = $50
Ending balance in cash = $20
BEGINNING BALANCE :
Outflows + ending balance - inflow
(Outflow from investing ACTIVITIES + outflow from financing ACTIVITIES + ending balance in cash) - inflow from operating activities
($300 + $50 + $20) - $200
$370 - $200
= $170
