Answer:
Debit Salaries Expense $5,400; Credit Salaries Payable $5,400
Explanation:
Based on the information given we were told
the Company employee earn the amount of $1,800 in salaries for each working day and since they are been paid on Monday for the 5 work week ending on the previous Friday in which we Assume that year ended on December 31, which is a Wednesday this means that the Journal entry will be
Dr Salaries Expense $5,400
Cr Salaries Payable $5,400
(1,800×3)
Answer:
Hello your question is incomplete attached below is the complete question
answer : consolidated Total sales = $1008000
Explanation:
Determine the consolidated totals for sales
to get the consolidated totals for sales we have to add up the two book values then subtract $92000 ( which is the entity transfers )
Consolidated Total sales = ($70000 + $400000 ) - $92000
= $1100000 - $92000 = $1008000
N=log((1−14,880×0.0106÷660)^(−1))÷log(1+0.0106)=25.9 months
Answer:
A)If interest rates decline, the prices of both bonds will increase, but the 15-year bond would have a larger percentage increase in price.
TRUE
As it has more time to maturity it will have a higher time expose to the rate therefore, will be more volatile against the rate fluctuations
Explanation:
The 10-year ond is issued at premium, above par as the coupon rate 12% is higher than market rate 10%. Each year will decrease the market value to come closer to maturity date.
The 15-year ond is issued at discount, below par as the coupon rate 8% is lower than market rate 10%. Each year will increase the market value to come closer to maturity date.