Can you give a better explanation
Answer: People learned to plant seeds to make crops to survive on.
Answer:
b. $461,820
Explanation:
The computation of the amount reported in the balance sheet is shown below:
But before that we need to find out the amortization of discount which is
= Purchased value of bond × interest rate of return - face value of bond × interest rate
= $456,200 × 10% - $500,000 × 8%
= $45,620 - $40,000
= $5,620
Now the amount reported is
= Purchased value + discount amortization
= $456,200 + $5,620
= $461,820
Hence, the option b is correct
Answer:
c. $87,000
Explanation:
The computation of the Arthur's basis in the partnership interest at the end of the year is shown below:
= His share of partnership liabilities + net operating income share + increased share in liabilities - distributed amount
= $60,000 + $12,000 + $20,000 - $5,000
= $87,000
Net operating income share is
= $40,000 × 30%
= $12,000
We simply applied the above formula
Answer and Explanation:
Given:
Average amount of checks per day = $20,000
Delay days = 3 days
Interest rate = 0.017% = 0.00017
(A) Company's float = Average amount of checks per day × Delay days
Company's float = $20,000 × 3 days
Company's float = $60,000
(B) Most Purple Feet should be willing to pay today to eliminate its float entirely = Company's float × Interest rate
Most Purple Feet should be willing to pay today to eliminate its float entirely = $60,000 × 0.00017
Most Purple Feet should be willing to pay today to eliminate its float entirely = 10.2
