Answer:
Date Account Title Debit Credit
XX-XX-XXXX Interest expense $13,800
Discount on bond payable $1,300
Cash $12,500
Working
The bonds were issued at a price of 92 which means they were issued at:
= 500,000 * 96/100
= $460,000
Interest expense
= Issue price * interest rate * 6/12 months
= 460,000 * 6% * 6/12
= $13,800
Cash:
= Bond price * coupon rate * 6/12
= 500,000 * 5% * 6/12
= $12,500
Answer:
$16,000
Explanation:
Given:
Amount receives from disability policy = $16,000
John's employer paid = 100%
Amount include in income = ?
Computation of amount include in income:
Amount include in income = Amount receives from disability policy × John's employer paid
Amount include in income = $16,000 × 100%
Amount include in income = $16,000
Note: Payments receives from the health insurance Policies are not included.
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DECA stands for Distributive Education Clubs of America and it is a CTSO (Career and Technical Student Organization). A CTSO’s purpose is to provide co-curricular opportunities for students to receive career and technical education support to enhance their learning experience. DECA specifically focuses on preparing students in four career clusters: Business Management & Administration, Finance, Hospitality & Tourism, and Marketing.
Thus, the answer to the question is marketing students.
<span>Increased Contribution Margin = $40,000 x 70%, or 28,000.
New ad campaign costs $22,000, so the net Income increase will be the difference, $6,000</span>
