Answer:
Encumbrances $1000
Reserved for encumbraces $1000
Explanation:
Encumbrance is in the debit because is the money that we have destined for the purchase and since we have to get the money from our funds Reserved for encumbrances is in the credit.
These are examples of <u>work-related</u> characteristics
Answer:
$929,404.15 (approx)
Explanation:
The dollar amount actually earned by Solartech after exchanging yen for U.S. dollars :-
= Price ÷ One dollar bought
= 143,500,000 ÷ $154.40 yen
= 143,500,000 ÷ $154.40 yen
= $929,404.15 (approx)
Therefore for computing the dollar amount actually earned by Solartech after exchanging yen for U.S. dollars, we simply divide price by one dollar bought.
Answer:
$4,800
Explanation:
Interest Expense of the bond is calculated by multiplying Face value and Coupon rate. Any discount or premium is amortized over the life of the bond and added or deducted from the interest payment in order to record the interest expense.
As per given data
Face value of Bond = $80,000
Coupon Rate = 8%
Interest Expense = Face value x Coupon rate
As on July 1 interest of only 3 months has been accrued, so we will record the interest expense of 3 months only.
On July 1
Interest Expense = $80,000 x 8% x 3/12 = $1,600
6 month period Expense will be recorded.
On December 31
Interest Expense = $80,000 x 8% x 6/12 = $3,200
Total Expense = $1,600 + $3,200 = $4,800
