Answer:
c. Debit: Discount on notes payable, $41,884.
Explanation:
The journal entry is shown below:
Equipment $883,116
Discount on Notes payable $41,884 ($740,000 - $698,116)
To Notes payable $740,000
To Cash $185,000
(Being the amount paid in cash and note payable is recorded)
Working note
= Note payable amount × PVF factor at 6% for one year
= $740,000 × 0.94340
= $698,116
For recording this we debited the equipment as it increased the assets and discount is always debited while the note payable and cash is credited as it increased the liabilities and reduced the assets
Price of the items = $24000
Discounts =30%, 25%, 15%.
Sale amount after discount,
100 - 30 = 70% = 0.7
100 - 25 = 75% = 0.75
100 - 15 = 85% = 0.85
Multiplying we get the discount = 0.7 x0.75 x 0.85 = 0.44625
So the net price = 0.44625 x 24000 = $10,710
<span>The total equivalent warming impact (TEWI) takes into consideration both the direct and indirect global warming effects of refrigerants.
In addition to the direct impact of the refrigerant (which is conveniently estimated by GWP), any system or process, which requires energy input, indirectly affects the environment. This impact is originated from CO2 emissions from the energy production processes.
TEWI can be calculated using the equation below:
TEWI = direct emissions + indirect emissions = (GWP×L×N)+(Ea×β×n),
where
L – annual leakage rate in the system, kg (3% of refrigerant charge annually),
N – life of the system, years (15 years),
n – system running time, years (based on weather data, 4910 hours),
Ea – energy consumption, kWh per year (modelled for each refrigerant),
β – carbon dioxide emission factor, CO2-eq. emissions per kWh (165 g CO2/kWh).</span>
Answer:
The recognized gain or loss is -$4000.
Explanation:
Gift property value = $49000
fair market value = $35000
realized loss = sale price - fair market value
= $31000 - $35000
= -$4000
Therefore, The recognized gain or loss is -$4000.
