Answer:
Explanation:
The journal entry is shown below:
Interest receivable A/c Dr $66
To Interest revenue A/c $66
(Being accrued interest is recorded)
The computation of accrued interest is shown below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $13,200 × 6% × (1 months ÷ 12 months)
= $66
The one month is calculated from March 1 to March 31
Answer:
decrease and demand curve will shift to the left.
Explanation:
When new firms enter a monopolistically competitive market, the economic profits of existing firms will decrease. This is because, new firms enter an existing market if they spot a profit opportunity . The entry of these new firms will therefore increase the quantity of products or services supplied in the market which gives consumers more choices and substitutes. As a result, the demand curve of the existing firms will also shift to the left. because their
Answer:
the lease asset is $723,943
Explanation:
The computation of the lease asset is shown below;
= (Lease payment - per year maintenance charges) × present value of an annuity due of 1 for six years at 8%
= ($170,000 - $25,000) × 4.99271
= $145,000 × 4.99271
= $723,943
hence, the lease asset is $723,943
The same would be considered
Answer:
$4,000,000 Shares
Explanation:
Calculation for how many shares will be outstanding after the stock split
Using this formula
Outstanding Shares after stock split =Shares outstanding ÷Reverse stock split
Let plug in the formula
Outstanding Shares after stock split =$40,000,000÷10
Outstanding Shares after stock split =$4,000,000 Shares
Therefore the amount of shares that will be outstanding after the stock split will be $4,000,000
