Answer:
The amount customers are expected to pay $7600 per bond
Explanation:
8M implies that the municipal bond has $8000 as its par value.
The amount a customer would is 95% of the par value
Hence, customers are expected to pay $7600 (95%*$8000)
For instance a 5M at 105 means that the par value of the bond is $5000 but issued at 105%, which translates into $5250 without considering commissions as well as the accrued interest on the bond which might also be factored into the price.
Given:
280,000 for the land
110,000 for the old bldg
33,500 to tear down old bldg
47,000 to fill and level the land
1,452,000 new bldg
87,800 for lighting and paving a parking area for the new bldg.
Entries: Debit Credit
Land 470,500
Cash 470,500
(280,000 + 110,000 + 33,500 + 47,000 = 470,500)
Building 1,452,000
Cash 1,452,000
Land Improvement 87,800
Cash 87,800
Expenses incurred in preparing the land for its purpose is classified under the land account. Land does not depreciate because its useful life is unidentified.
Land improvement account is used for expenses incurred to add functionality to the land and these output has useful life and is depreciated.
Answer:
(1) Recognition of revenue on account.
The accounting record a sale as usual.
(2) Collection of cash from accounts receivable.
The accounting records the accrued revenues as usual.
(3) Recognition of uncollectible accounts expense through a year-end adjusting entry.
Based on experience or other actors, the company considers a portion of their sales revenecue (or assets i nthe balance heet) to be ficticional.
(4) Write-off of uncollectible accounts.
The accouning simply decrease the acc receivalues and then, it proceeds with the credited agains the allowance.
Explanation:
Answer:
c. resource-limited scheduling
Explanation:
Resource - limited scheduling -
As the name suggests ,
It refers to the method of scheduling the shortest schedule where the available resources are fixed , is referred to as the resource - limited scheduling .
It is a specific method to implement the resource leveling strategy in any assignment or project .
Hence , from the given information of the question ,
The correct answer is c. resource-limited scheduling .
Answer:
In the books of seller, cash discount is deducted from the invoice price when the buyer pays earlier or on the date/term stipulated
Explanation:
- An early payment discount or cash discount is the reduction in invoice price due to payment before the due date.
- A number of factors should be considered to see how much discount should be provided . Some of them are: check the cash discount offered by competitors, and check the payment history of the customer.
- This strategy helps close the gap in cash flow and boost the working capital.
