Answer: $7,000
Explanation:
As the question says, a total of $35,000 is paid for 12,000 square feet of space and that the rent is apportioned on the basis of space.
Department One occupies 2,400 square feet of that space.
Calculating the proportion it occupies is,
= 2,400/12,000
= 20%
Since it occupied 20% of the total space then it should be charged 20% of the rent bill.
= 20% * 35,000
= $7,000
Department One should be charged rent expense for the period of $7,000.
Answer:
After her 18th birthday the balance will be $41,301
Explanation:
Balance right after the 18th birthday is calculated using the formula for future value of annuity
FV = 
Annual payment PMT = 1,000
Interest rate i = 0.09
Deposits are made for 18 years: n = 18
The balance in her account will then be:
FV = 1,000 * ( 1.09^18 - 1 ) / 0.09
= $41,301
Answer: 1 E, 2 C, 3 A, 4 F, 5 D, 6 B
Explanation:
Purchase requisition - A document used by department managers to inform the purchasing department to place an order with a vendor.
Purchase order - A document used to place an order with a vendor that authorizes the vendor to ship ordered merchandise at the stated price and terms.
Invoice - An itemized statement of goods prepared by the vendor listing the customer's name, items sold, sales prices, and terms of sale.
Receiving report - A document used to notify the appropriate persons that ordered goods have arrived, including a description of the quantities and condition of the goods.
Invoice approval - A checklist of steps necessary for the approval of an invoice for recording and payment; also known as a check authorization.
Voucher - An internal file used to store documents and information to control cash disbursements and to ensure that a transaction is properly authorized and recorded.
Answer:
It has a greater impact than service industries.
Explanation:
A dual-currency bond is known to be a hybrid debt instrument that often has payment obligations over the life of the issue. A dual currency bond is a straight fixed-rate bond issued in one currency that pays coupon interest in that same currency.
- In dual currency bond, the borrower often makes coupon payments in one currency, but get the principal at maturity in another currency.
Its advantage is that Investors using this bonds often gets higher coupon payments than straight bonds etc.
Straight fixed-rate bond issues often have a Known maturity date where the principal of the bond issue is said to be repaid.
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