Answer:
Total Interest Expense=$1,176,498.32
Closest answer from the option is $1,176,374 (C)
Explanation:
Using effective Interest rate method.
The bond was issued at discount and it has 40 semi-annual interest repayment periods.
The discount on the bond will be amortised over the entire life of the bond.
Please see attached for details
Answer:
a. It is easier to raise finance as the business can sell shares.
Explanation:
A private limited company can be defined as a type of legal hybrid-business structure that can combine both partnership and corporation form of business, and the owners are only responsible for its debts with respect to the amount of capital they have invested.
Some of the characteristics (features) of a private limited company include;
I. Shares can be issued by the private limited company to raise capital.
II. All the shareholders (owners) of a private limited company have limited liability.
III. After the death of a shareholder, a private limited company will continue to operate its business.
An advantage of operating a business as a private limited company is that it is easier to raise finance as the business can sell shares.
However, one of the disadvantages of a private limited company is that the general public are able to view a summary of their business accounts.
Answer:
7.5 years
Explanation:
Payback is the period a project takes to recover its initial capital outflow.
The formula for calculating the payback period = Initial investments divide by net cash flow per period.
Payback Period = Initial Investments/ Net Cash Flow per Period
Payback period = $450,000/ $60,000
Payback period =7.5 years
Answer:
625 units
Explanation:
The formula that joe has derived is
Formula: Sales = 0.63 x (Skateboard Sales) + 0.165 x (Average Temperature)
We will definitely get the expected sales figure by putting values in the formula
Sales = (0.63 x 968) + (0.165 x 91)
Sales = 624.86
Sales = 625(rounded off to nearest unit)
Answer:
Sixteen or more.
Explanation:
It is mandatory by law in California to have an onsite manager, housekeeper, janitor, or another responsible person reside in a building with more than 16 apartments. Onsite means the manager or caretaker must be a resident in the building complex. The manager's role is to attend to the tenant's needs and offer protection to their properties. This requirement applies if the landlord is not a resident in the apartment building.