Answer:
Correct one is Option D.
<u>$6,500</u>
Explanation:
Fair value of its 20% interest in the receivables 8000
Less: Factoring fee=50000*3%
=1500
Amount receivable from factor= 8000-1500=6500
It is false that the market rate is used to calculate the actual cash payments made to bondholders rather it is the economic price for goods and services that is offered for them in free market or market place. It is also called a going rate, the market value or market price are equal only under conditions of market equilibrium and rational expectation.
The best way for Mariposa to finance the remaining balance on her car is installment credit. The correct answer is C.
Answer:
= $550,000.
Explanation:
Given that:
- Fixed cost = $500,000
- 1,000 new customer accounts in the first year
- Cost $50 per year to service
As we know that :
the total cost of opening the new branch and remaining open for one year = fixed cost + variable cost
= $500,000 + (50*1000)
= $500,000 + $50,000
= $550,000
Hope it will find you well.
Answer:
correct option is (B) A credit to accumulated depreciation of $21.6 million
Explanation:
given data
cost of an asset purchased = $36 million
useful life = 5 years
to find out
closing entries is
solution
we get here first depreciation per annual that is
depreciation per annual = 
depreciation per annual = 7.20 million
and
depreciation for 3 year ( 2015 to 2018 ) will be
depreciation for 3 year = 7.2 million × 3
depreciation for 3 year = 21.6 million
so the correcting entry would include
correct option is (B) A credit to accumulated depreciation of $21.6 million
