Answer:
704076 $
Explanation:
Exact statement of the question is:
<em>May 3, 2007, Leven Corp. negotiated a short-term loan of $685,000. The loan is due October 1, 2007, and carries a 6.86% interest rate. Use ordinary interest to calculate the interest. What is the total amount Leven would pay on the maturity date? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)</em>
Solution:
Fro 3rd May to October 1st. 2017 there are 151 days
But 365 days = 1 year
==> 151 days = 151× 1/365 =0.414 years
But we use 1 year as one term
==> 1year = 1T
==> T = 0.414
R= 6.86
P= 685000
A=?
We use formula for the term:
A= P
Where A= ammount at the end of term
P= Loan amount
R= Rate of interest
T= No. of terms
Putting values in this formula;
==> A= 685000×
==> A= 685000 × 1.02784938489=704076 $
Answer:
credit to share capital account .
common stock capital : $35,000 Credit
share premium account: $35,000 credit
Explanation:
The share capital (capital accounts) are usually credit entries. The share is trading at a premium of $5 per unit , Issue of 7000 common stock will realise a total cash of $70,000 which is used to pay off attorney services. The common stock share capital will increase by 7000 x $5 = $35,000 and the balance premium ($35,000) will be to share premium account
Answer:
correct answer for learning curve percentage is A. 90%
Explanation:
given data
average labor cost = $20/hr
Time 1st unit = 10 hours
Time 4th unit = 8.1 hours
solution
we apply here formula for learning curve that is
Time (x) units = Time 1st unit × 
so
time 4th unit = Hours 1st unit × 
8.1 = 10 ×
ln 0.81 = 
× ln 4
solve it we get
learning rate = 90%
so correct answer is A. 90%
Answer:
$1,125,000
Explanation:
The total amount of property, plant, and equipment will appear under the Non-Current Assets section of the Balance Sheet. Thus prepare the Non Current Asset Section as follows :
Non Current Asset Section
Land $100,000
Land held for future use $150,000
Office Building $700,000
Equipment $450,000
Office Furniture $150,000
Accumulated Depreciation ($425,000)
Total $1,125,000
