Answer:
The answer is d. Interest payable of $2,500; interest expense of $2,000
Explanation:
Interest component over 2 years = $84,000- $80,000 = $4000
interest expense for a year = 4000/2 = $2000
Interest payable = 1.25 years * 2000 = $2500
Answer:
Reserves & Checkable deposits will equal to $36,000 and $106,000
Explanation:
The amount of checkable deposits is given $120,000 on the liabilities side. So, the withdrawal and clearance of check worth $14,000 will lead to a decline in the number of checkable deposits by $14,000. As a result, the remaining amount of checkable deposits will equal to $106,000 ($120,000 - $14,000).
To maintain the balance on asset & liabilities side of the balance sheet, the asset side will also reduce by $14,000. $14,000 will be deducted from the reserves of the bank. As a result, the remaining amount of reserves is equal to $36,000 ($50,000 - $14,000).
Answer:
Option 1 is more convenient.
Explanation:
Giving the following information:
The annual salary is $100,000. You are offered two options for a severance package. Option 1 pays you 6 months' salary now. Option 2 pays you and your heirs $6,000 per year forever
The present value of option 1 is:
PV= 6*100,000= $600,000
To calculate the present value of option 2 we need to use the present value formula of a perpetual annuity:
PV= Cash flow/i
PV= 6,000/0.11= $54,545
There is no doubt that option 1 is better.
Here is the answer. When journalizing a transaction, and a short explanation is written, this is called a MEMORANDUM. This is <span>a form on which a brief message is written describing a transaction. Hope this answers your question. Have a great day!</span>
From the available options in the question, it is clear that the career pathways that would require the highest and lowest level of education has been described in (C) the Marketing Information and Research pathway and Management and Entrepreneurship pathway contain the highest education level, and the Buying and Merchandising pathway and Professional Sales and Marketing pathway contain the lowest.
The two fields with the highest educational requirements would need at least a Bachelor’s degree for an entry level position, while latter two fields would just need a high school diploma.
