Answer:
January 1 2021 Cash 750000 Dr
Bonds Payable 750000 Cr
June 30 2021 Interest Expense 30000 Dr
Cash 30000 Cr
December 31 2021 Interest expense 30000 Dr
Cash 30000 Cr
Explanation:
The bonds are issued at par so whole 750000 is received in cash on issue date.
The annual interest on bonds is 750000 * 0.08 = 60000
This is paid in equal installments semi annually so semi annual payment is 60000 / 2 = 30000
Answer:
$19,215.65
Explanation:
To the determine the amount to be invested, we have to find the present value of $22,000 at 7%
P= FV ( 1 + r) ^-n
FV = Future value = $22,000
P = Present value
R = interest rate = 7%
N = number of years = 2
$22,000(1.07)^-2 = $19,215.65
I hope my answer helps you
Answer:
The correct answer is b. managerial accounting and financial accounting
Explanation:
Administrative Accounting: It is the Information System at the service of the administration. Also called management accounting, with orientation to planning, control, and decision-making functions. It refers in general to the extension of internal reports, whose design and presentation is currently responsible for the company's accountant.
Financial Accounting: Financial Accounting is the technique with which quantitative information on economic entities is systematically produced, aimed at providing information to third parties related to the company.
Answer:
0.32 %
Explanation:
Demand is the quantity that buyers are able & willing to buy, at a particular price & period of time. It is inversely related to price, as per law of demand.
Demand function is a regression equation that shows the relationship between dependent variable (demand) & independent variable (price)
Q = A - BP
where Q = Demand, A = Autonomous Demand, P = Price, B = Change in demand per unit change in price
Change in Quantity = B x Change in Price
Example : Considering Q = 50 - 0.5 P
Q {At previous P} = 50 - 0.5 (8.6) → = 50 - 4.3
= 45.7
Q {At new P} = 50 - 0.5(8.3) → = 50 - 4.15
= 45.85
Change in Quantity = 45.85 - 45.7 → = 0.15
Alternative Method : ΔQ = B x ΔP → = (0.30) x (0.5) → = 0.15
Percentage Change in Quantity = [Change IN Quantity / Old Quantity] x 100
[ΔQ/Q] x 100 → = [0.15 / 45.7] x 100 → = 0.32 %