Answer:
$12,500
Explanation:
Assets are classified under current and fixed categories. Among items that Granger owns, a boat is an asset; specifically a fixed asset since it can be utilized over a year. Same reason for a car, which is also a fixed asset. Tools help in operating a business hence considered fixed assets as they can be utilized for more than a year. The total value of assets is (4000+8000+500)
Total value = $12,500
Answer:
No
Explanation: The key word is it was earned as result of the connection to the firm so it is split between the partners
Answer:
I would personally try to teach them myself since I have more experience and help them get better at their work environment.
Explanation:
Answer:
$200,000
Explanation:
The value of the government obligation = $5,00,000, 8%, 20 years bonds payable at 103
Interest expenses = $5,000,000 * 8/100 * 6/12 = $200,000.
Thus, $200,000 will be reported as debt service expenses in the fiscal year 20X7.
Answer:
$100
Explanation:
The inherent value of a share or option or any other asset which an investor expects to have. In options it refers to the difference between it's current and the strike price.
The intrinsic value of options is calculated using the following formula:
Intrinsic value of option = Number of share options × ( Market price of the stock on the date of the grant - exercise price of the share option )
Intrinsic value of option = 100 × ( $10 - $9 )
Intrinsic value of option = 100 × $1
Intrinsic value of option = $100
So, the intrinsic value of the call option at the time of the initial investment was $100.
