Alyssa decided to give an informative speech about the Eastern Columbia Building, which is one of the most beautiful historic bu
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Answer: See explanation
Explanation:
a. Prepare an amortization table.
The ammortization table has been prepared and attached.
Note that:
Cash paid = $77000 × 7%
Interest expense was calculated as:
= Last year’s Bond Carrying value × 10%
Discount ammortization = Interest Expense - Cash Paid
b. What is the carrying value that would appear on the Year 4 balance sheet?
The carrying value will be $75600.
c. What is the interest expense that would appear on the Year 4 income statement?
The interest expense will be $7433.
d. What is the amount of cash outflow for interest that would appear in the operating activities section of the Year 4 statement of cash flows?
The cash outflow for interest be $6160.
Carrying Value = $75600
Interest Expense = $7433
Cash Outflow for Interest = $6160
Answer: See explanation
Explanation:
Since the cheese companies are paying to store their excess cheese in hopes demand and prices will improve, then this will bring about the reduction in the supply of cheese in the market but the demand for cheese will still be constant.
Due to the fact that there is shortage of supply, the supply curve will shift leftward and as a result of this, the price if cheese will increase and the quantity demanded by the customers will then decrease as a result of price increase.
