Answer:
journal entry based on straight line method are given below
Explanation:
given data
issues = $570,000
rate = 8.5 %
time = 4 year
issued = $508,050
market rate = 12%
to find out
prepare journal entry
solution
journal entry based on straight line method
date general journal Debit Credit
June 30 bond interest expenses $31969
Discount on Bonds payable $7744
= (570000-508050 ) ÷ 8
Cash = 570000 × 8.5% ÷ 2 $24225
December 31 Bond interest expense $31969
Discount on Bonds payable $7744
= (570000-508050 ) ÷ 8
Cash = 570000 × 8.5% ÷ 2 $24225
Answer:
Carey should accept buyer A's offer
Explanation:
we need to compare the present values of both proposals:
Present value of proposal A = $480,000
Present value of proposal B:
present value of annuity in 5 years = $75,000 x 9.1285 (PVIFA, 9%, 20 periods) = $684,637.50
present value (today) = $684,637.50 / (1 + 9%)⁵ = $444,967.40
Answer:
2. Cost-variable.
Explanation:
Variable costs basically depends on the customers in the shop. In this case, the more napkin a person uses, the more Java Joe has to order.
A(n) <u>Private</u><u> </u> corporation is considered closely held with few owners, whereas a(n) <u>public </u>corporation is available to any investor who wants to purchase shares of stock on the stock exchange .
A smaller corporation is referred to as ao private crporation if it only has a few shareholders and doesn't make its stock available to the general public. A public corporation, on the other hand, is permitted to sell its stock to the general public.
What distinguishes a private firm from a public corporation?
A private company is typically owned by its founders, management, or a collection of individual investors. A company that has sold all or a portion of itself to the general public through an initial public offering is referred to as a public company.
Learn more about private corporation and public corporation to visit
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The unit cost per service is calculated by dividing the total operating cost of services by the number of service units.
In the given problem, the operating expenses are $9,000 which shall be considered the cost of services provided. And the number of the service unit is given 46 units.
Hence, unit cost per service shall be $9,000/46 = <u>$195.65</u>
Note: We have rounded off the final answer to the nearest cent or two decimal places.