I think it is D ...... sorry if it is wrong .-.
Answer:
FOB destination means "Free on Board Destination.
1. Goods transit shipped to Abbey (purchaser) FOB Destination
Answer: Exclude from inventory
2. Goods in transit shipped to Abbey (purchaser) FOB Shipping Point
Answer: Include in inventory count
3. Goods transit shipped by Abbey (seller) FOB Destination
Answer: Include in inventory
4. Goods in transit shipped by Abbey (seller) FOB Shipping Point
Answer: Exclude from inventory
Answer:
Dr Cash $13,000,000
Cr Other financing source- refunding of existing debt $13,000,000
Dr Other financing uses - refunding of existing debts $13,000,000
Cr Cash $13,000,000
Explanation:
Preparation of the Journal entries to record the transaction on the books of the debt service fund.
Based on the information given we were told that the Town of McHenry has the amount of $13,000,000 in general obligation bonds outstanding in which On July 1, 2017, a current refunding of the amount of $13,000,000 took place which means that the Journal entries to Record the transaction on the books of the service debt fund will be :
Dr Cash $13,000,000
Cr Other financing source- refunding of existing debt $13,000,000
Dr Other financing uses - refunding of existing debts $13,000,000
Cr Cash $13,000,000
Answer:
Explanation:
$120= the amount to pay for the shoe
$20 paid for the month
Balance to pay = $100
Then 3% interest rate on credit card = 3% of $100=$3
Therefore amount to pay = $3+$100=$103
Answer:
$74.58
Explanation:
The price of share of the Bretton Inc in the given question shall be the present value of all the dividends associated with this share in the future years.
Present value of year 1 dividend=3.31(1+13%)^-1=$2.93
(3.15*1.05)
Present value of year 2 dividend=3.48(1+13%)^-2=$2.73
(3.31*1.05)
Present value of year 3 dividend=3.65(1+13%)^-3=$2.53
(3.48*1.05)
Present value of year 4 dividend=3.83(1+11%)^-4=$2.52
(3.65*1.05)
Present value of year 5 dividend=4.02(1+11%)^-5=$2.39
(3.83*1.05)
Present value of year 6 dividend=4.22(1+11%)^-6=$2.26
(4.02*1.05)
Present value of all the cash flows after 6 year=$59.22
[4.22(1+5%)/(9%-5%)]*(1+11%)^-6
Price of share $74.58
