Answer:
1.) idk
2.) an island
3.) tell the m i can't but maybe some other time
4.) 17 maybe 18
5.) don't use social media
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Answer:
The answer is: D) $5,500
Explanation:
To calculate the change in working capital we use the following formula:
Change in working capital = change in current assets - change in current liabilities
Since we don't know the current assets or liabilities from previous years, we can consider them to be 0.
Change in working capital = current assets - current liabilities
Change in working capital = $8,000 (inventory) - $2,500 (accounts payable)
Change in working capital = $5,500
Answer: $200,000
Explanation:
The company spent $200,000 on the research that led to the development of the navigation device and according to Accounting guidelines, Research and Development costs are to be expensed in the period that they occurred.
The entire $200,000 that was spent should therefore be expensed as Research and Development.
Answer:
The journal entry for the interest payment is shown below:
Explanation:
Interest Expense A/c........................Dr $16,098
Premium on bonds payable A/c....Dr $952
To Cash A/c............................Cr $17,050
Working Note:
Interest expense = Bonds sale value × Market rate
= $321,964 × 5%
= $16,098
The market rate will be:
= 10 / 2
= 5%
Because it is paid semiannually, so rate is divided by 2.
Cash = Par value × Contract rate
= $310,000 × 5.5%
= $17,050
The contract rate will be:
= 11 / 2
= 5.5%
Because it is paid semiannually, so rate is divided by 2.
