Answer:
$16,000
Explanation:
On November 1, Mason Corp. issued $800,000 of its 10-year, 8% term bonds dated October 1. The bonds were sold to yield 10%, with total proceeds of $700,000 plus accrued interest. Interest is paid every April 1 and October 1. What amount should Mason report for interest payable in its December 31 balance sheet?
Since interest is deemed to have been paid on October 1 and is being accrued against April 1 of the following year;
In Dec 31, Interest has accrued for 3 months from October to December
Interest payable = 8% x 800,000 x (3 months / 12 months) = $16,000
Answer:
A. new plants and equipment purchased by a firm.
Explanation:
Option B is wrong because anything purchased by households cannot be the investment for a firm.
Option C is wrong because inventory is a current asset. Current assets cannot be an investment.
Option A is correct because if a company purchases any non-current assets like plant and equipment, its an investment for them.
Answer:
B) change your promotional campaign
Explanation:
A company should advertise that it is the no.1 selling product X in the market
Answer:
Ending inventory= $494
Explanation:
Giving the following information:
On January 26, the company sells 350 units. 150 units remain in ending inventory on January 31.
January 1: 320 units for $3.00
January 9: 80 units for $3.20
January 25: 100 units for $3.34
Ending inventory= 100*3.34 + 50*3.2= $494
The statement should be "<span>Not all types of income are taxed; while earned income and passive income are taxed, portfolio income is not taxed."
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