Answer:
the inventory value is $267,000
Explanation:
As we know that the inventory is valued at cost or market whichever is lower
As seen from the given information, the lesser value for all products are
Product A $87,000
Product B $58,000
Product B $122,000
So, the total is
= $87,000 + $58,000 + $122,000
= $267,000
hence, the inventory value is $267,000
To record final annual interest and bond repayment:
2017
Mar 1
Bonds interest expense $25,400
Bonds payable $254,000
Cash $279,000
On March 1, 1997, the date of issuance, the entry is:
1997
Mar 1
Cash $254,000
Bonds payable $254,000
On each March 1 for 10 years, beginning March 1, 1997 (ending March 1, 2017), the entry would be (Remember, calculate interest as Principal x Interest Rate x Time)
Mar 1
Bond Interest Expense ($100,000 x 12% x 1) $25,400
Cash $25,400
Answer:
I used to know this one, so I'm going off of memory and process of elimination.
I'd say it's your financial plan.
A financial plan assesses the ability of the customer to be able to pay back the loan, which is very important to the bank. It also assesses the assets of your business. It's basically showing the bank, how likely is it that we will get our money back from you?
Explanation:
An income statement is improbable because it applies to a company, and typically if you're getting a loan to start a business, you have no income yet.
The bank won't worry about your partnership agreement because that's not related to the fact that you are asking for money to fund your business, they just care that they'll get it back.
A guarantee of success doesn't make sense either because the bank is doesn't need to know if your business will succeed or not, they just want to make sure they get the money they asked for returned at the right date.
Solution:
Given,
The equilibrium price is $5.50 (P)
The equilibrium quantity is 37.0 (Q)
The price is $ 8.75
(percentage change in quantity)/(percentage change in price)
So Motorcycles would be the following:
[(63 - 29)/29]/[($12.75 - $0.50)/$0.50]
=62 / 11.75
= 5.27
Evaluate, then do the same for pancakes.
