Answer:
The entry will be,
Cash 461461 Dr
Discount on Bonds Payable 18539 Dr
Bonds Payable 480000 Cr
Explanation:
The bonds are being issued at a discount because the rate of interest offered by the bonds is less than that is prevailing in the market. Thus, the bonds will be issued at a discount of,
Discount on Bonds Payable = 480000 - 461461
Discount on Bonds Payable = 18539
The entry will be to record the receipt of cash by debiting the cash account by 461461 and debiting the discount on bonds payable by 18539 and recording a credit against these debits of 480000 as bonds payable
Answer:
A) true
Explanation:
Specific purpose statements are used in speeches that try to persuade or convince an audience about doing something that the speaker favors. Generally the best specific purpose statements must include specific actions to be taken and not simply general actions that should be determined later.
In this case, the speaker is trying to persuade his/her audience to support a government ban on all tobacco advertising. It is a very specific statement that has the purpose of persuading the audience to act against a perceived wrong action.
Answer:
The lump sum be of $237,228.84
Explanation:
In order to calculate how large must the lump sum be we would have to use and calculate the formula of Present value of annuity due as follows:
Present value of annuity due=(1+interest rate)*Annuity[1-(1+interest rate)^-time period]/rate
Present value of annuity due=(1+0.075)*$25,000[1-(1.075)^-15]/0.075
Present value of annuity due=$25,000*9.489153726
Present value of annuity due=$237,228.84(Approx)
The lump sum be of $237,228.84
Answer: See explanation
Explanation:
Absolute advantage simply means when an economic entity such as individuals or the firms can produce a particular good more efficiently than others who produce similar good. In this case, a larger quantity is produced when compared to others.
Comparative advantage is when an economic agent can actually produce goods at an opportunity cost that's lower than the opportunity cost of its competitors. Due to this, such economic agent can sell its good at a cheaper price than others and therefore make more revenue.
Answer:
The correct answer is 4,000 shirts.
Explanation:
According to the scenario, computation of the given data are as follows:
Selling price = $35
Labor cost = $5
Cost of material = $10
So, Contribution margin amount = $35 - $5 - $10 = $20
And fixed cost = $60,000 + $20,000 = $80,000
So, we can calculate the breakeven units by using following formula:
Breakeven units = Fixed cost ÷ Contribution margin
= $80,000 ÷ $20
= 4,000 shirts
