Explanation:
essay. All essay must include; Introduction that includes a thesis statement, background information on topic, your position on topic with supporting evidence, counter argument with supporting evidence and conclusion.
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Given the sums paid and owed to suppliers for the year ending on October 31, 2015, the value of Brian's credit purchase was $188, 409.
<h3>What was the credit purchase value ?</h3>
Brian's credit purchased in the year that ended 31 October 2015, can be found by the formula :
= Amount owed by Brian in 2014 + Amount paid by Brian in 2015 - Amount owed at 31 October 2015
Solving this equation would give us a value of :
= $ 28, 754 + 185, 844 - 26, 189
= $ 188 , 409
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An increase in demand due to the more appealing price for consumers.
Answer:
Par value of bonds = $257,000
Issue price of bonds = 99
Cash receipts from issue of bonds = 257,000 x 99% = 254,430
Discount on bonds payable = Par value of bonds - Cash receipts from issue of bonds
= 257,000-254,430
= $2,570
Date Account Titles and Explanation Debit Credit
March 1 Cash $254,430
Discount on bonds payable $2,570
Bonds payable $257,000
(To record issuance of bonds)
Answer:
Explanation:
The formula is the present value formula for a single payment (X) expected in the future (at time t), given an interest rate of i.