Answer:
the journal entry to record bond issuance:
Dr Cash 1,444,000
Dr Discount on bonds payable 76,000
Cr Bonds payable 1,520,000
amortization of discount on bonds payable = $76,000 / 5 = $15,000
coupon payment = $91,200
total interest expense per year = $106,200
total interest expense for the 5 year period = $106,200 x 5 years = <u>$531,000</u>
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Answer: The Departmental Structure allows personnel to function in the EOC with minimal preparation or startup time. Log in for more information. This answer has been confirmed as correct and helpful.
Explanation:
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The expenses of advertising merchandise, making sales, and delivering goods to customers are known as: selling expenses
<h3>What are selling expenses?</h3>
The expenditures incurred in distributing, marketing, and selling a good or service are referred to as selling expenses.
Selling expenses are one of three categories of costs that make up a business operating expenses. Administration and general expenses make up the other two.
Selling costs may consist of:
- Costs related to logistics, shipping, and insurance for distribution
- spending on social media, website upkeep, and other marketing-related expenses
- Selling expenses like salaries, commissions, and personal expenditures
Since selling expenses are not directly related to producing a good or providing a service, they are listed as indirect expenses on a company's income statement.
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Hazlitt's argument is that the increased purchasing power after a war is not good economic result, but merely the result of <u>inflation</u>.
<h3>What is inflation?</h3>
Inflation refers to the progressive increase in the prices of basic goods and services in an economy. Inflation causes the general price level to rise.
When this happens, each unit of currency buys fewer goods and services than it could buy in previous periods.
Thus, the result of <u>inflation</u> is a reduction in consumer's purchasing power.
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