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3 years ago

What is transfer by devise?

1 answer:

7 0

Hi There! :)

<span>What is transfer by devise?

</span><span>The transfer or conveyance of property by will, usually in reference to real property.</span>

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On October 1, Eder Fabrication borrowed $60 million and issued a nine-month promissory note. Interest was payable at maturity. I

7nadin3 [17]

Answer:

cash 55,110,929 debit

note payable 55,110,929 credit

--to record singing of promissory note with discounted interest--

interest expense 1.583.741,77 debit

note payable 1.583.741,77 credit

--to record accrued interest on note payable --

Explanation:

the note plus interest will be for 60 millions.

So to calcualte the isuance ofthe note we must calculate the present value of a lump sum at 12% discount rate:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 60,000,000.00

time 0.75

rate 0.12

$\frac{60000000}{(1 + 0.12)^{0.75} } = PV$

PV 55,110,929.18

then at December 31th we solve for the accrued interest:

$Principal \: (1+ r)^{time} = Amount$

Principal 55,110,929.18

time 0.25 (3 months over 12 month a year)

rate 0.12000

$55110929.18154 \: (1+ 0.12)^{0.25} = Amount$

Amount 56,694,670.95

accrued interest: 56,694,670.95 - 55,110,929.18 = 1.583.741,77

8 0

3 years ago

During the year, Hamlet Inc. paid $22,000 to have bond certificates printed and engraved, paid $170,000 in legal fees, paid $9,0

xenn [34]

Answer:

$481,000

Explanation:

Bond issue costs are either direct or indirect costs:

direct costs include underwriting fees, listing fees, professional fees, compliance costs and other costs related to the IPO or APO (secondary issues), e.g printing costs
indirect costs include underpricing costs (IPO pricing is too low) and loss of proprietary information

Total bond issue costs = $22,000 + $170,000 + $9,000 + $280,000 = $481,000

5 0

3 years ago

Alex has a new idea for a way to cut costs in his department, but he is not willing to share his idea with his boss because the

marshall27 [118]

Reward both successes and failures

7 0

3 years ago

When a firm believes that the social and economic validation for its existence is obtained from achieving their organizational o

Nesterboy [21]

Answer:

The correct word that fills the gap is: sales.

Explanation:

Initially, the Marketing approach was productive, towards production: Marketing aims to achieve greater efficiency in the financial and productive areas of the company.

Subsequently, the emphasis was on the product, but the growing competition and the difficulty of selling production, changed the focus towards sales, the goal was to sell above all and reduce inventories.

Subsequently, the focus is increasingly shifted to the consumer: consumers do not acquire production plants, products or services, buy benefits and utilities, the "expectations of meeting their different needs." The current approach is market-oriented, where the consumer and their needs remain the key, and therefore the competition must also be analyzed, which tries to satisfy the same customer as us. Likewise, the environment that conditions this process and any other critical factor must also be analyzed.

4 0

3 years ago

. George worked 52 hours last week. In his job, any hour past 40 hours is considered overtime. His overtime pay is 1.5 times his

stiks02 [169]

Find how much time he worked overtime.
52-40=12
Find his overtime salary.
22.5*1.5=33.75
Calculate how much money he makes for 40 hours.
40*22.5=900
Calculate how much money he made in overtime.
33.75*12=405
Add both earnings together.
900+405=1305

George earned 1305$ last week.

3 0

3 years ago