Answer:
$661,500
Explanation:
Given that
Bonds payable $700,000
Discount of issuance = $77,000
The computation of current carrying amount is shown below:-
Current carrying amount = Bonds payable - discount on bonds payable
Discount on bonds payable = Discount at issuance (Issuance ÷ Years bonds payable)
= $77,000 × (10 ÷ 20)
= $38,500
Now we put it into formula
= $700,000 - $38,500
= $661,500
If jack does not accept the $100,000 there is a valid contract for the sales business, with out a non competition clause.
Starting a new business requires through and careful planning, which takes all aspects of the business into consideration. Funds for starting the business must also be available and the entrepreneur must be very disciplined and ready to put in a lot of work in order for the business to succeed.
Any step that will result in the eventual failure of the business is not a good step to take. At the early days of the new business especially, care must be taken not to take any step that will put the finances of the business in jeopardy.
