Answer:
city A = 3 members in the committee
city B = members in the committee
city C = 4 members in the committee
Explanation:
City A: 18,000 people
City B: 21,000 people
<u>City C: 22,000 people</u>
total 61,000 people
A seat in the committee will be assigned for every 6,100 people
city A = 18,000 / 6,100 = 2.95 ⇒ city A will get 2 + 1 = 3 members in the committee
city B = 21,000 / 6,100 = 3.44 ⇒ city B will get 3 + 0 = 3 members in the committee
city C = 22,000 / 6,100 = 3.61 ⇒ city A will get 3 + 1 = 4 members in the committee
2 + 3 + 3 = 8, there were 2 remaining committee members that should be divided using the size of the remainders: 0.95 > 0.61 > 0.44
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
If the company's December 31, year 1 balance sheet should reflect total liabilities associated with the bond issue (including interest) in the amount of: E. $3,120,000.
<h3>How to find the total liabilities?</h3>
Using this formula to determine the total liabilities
Total liabilities = Bond's issue price + (Amortized discount x 2)
Let plug in the formula
Total liabilities = $3,100,000 + ($10,000 x 2)
Total liabilities =$3,100,000 + $20,000
Total liabilities = $3,120,000
Therefore the correct option is E.
Learn more about Total liabilities here:brainly.com/question/28390357
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Answer:
Explanation:
The preparation of the partial balance sheet for Sage at December 31, 2020 is presented below
NASH COMPANY
Partial Balance Sheet
At December 31, 2020
Current liabilities
Notes payable $3,176,480
Long term debt
Note payable refinanced in the year 2021 $3,867,520
The computation is shown below:
For note payable i.e shown in the current liabilities is
= $7,044,000 - $6,043,000 × 64%
= $3,176,480
And, the refinanced note payable is
= $6,043,000 × 64%
= $3,867,520
