Answer and Explanation:
The journal entries are shown below:
On Jan 1
Cash $340,000
Bonds payable $340,00
(Being the bond payable is issued for cash)
For recording this we debited the cash as it increased the assets and credited the bond payable as it also increased the liabilities
On Dec 31
Interest expense ($340,000 × 8%) $27,200
To Cash $27,200
(Being the interest expense for year 1 is recorded)
For recording this we debited the interest expense as it increased the expenses and credited the cash as it decreased the assets
On Dec 31
Interest expense ($340,000 × 8%) $27,200
To Cash $27,200
(Being the interest expense for year 1 is recorded)
For recording this we debited the interest expense as it increased the expenses and credited the cash as it decreased the assets
Answer:
NPV = $11841.05313 rounded off to $11841.05
Explanation:
The Net Present value or NPV is a metric for investment appraisal purposes. It calculates the present value of cash inflows less any cash outflow made at the start of the project to generate those cash inflows. The formula to calculate the NPV is,
NPV = CF1 / (1+r) + CF2 / (1+r)^2 + .... + CFn / (1+r)^n - Initial Outlay
Where,
- CF1, CF2 and so on represents the cash flow in year 1 , year 2 and so on.
- r is the discount rate or required rate of return
NPV = 12000 / (1+0.12) + 12000 / (1+0.12)^2 + 12000 / (1+0.12)^3 +
12000 / (1+0.12)^4 + 12000 / (1+0.12)^5 + 12000 / (1+0.12)^6 +
(12000 + 6800) / (1+0.12)^7 - 46000
NPV = $11841.05313 rounded off to $11841.05
Answer:
1) Commerce and Due Process Clause
Explanation:
The Commerce Clause is not a law that limits how states can regulate commerce, but a power assigned to Congress so that it can regulate interstate commerce. The Dormant Commerce Clause prohibits states from passing legislation that regulates interstate commerce or international commerce, since only Congress has the power to do so. The dormant clause usually affects legislation that discriminates against out of state businesses in favor of domestic businesses, but if the laws affects equally both domestic and out of state businesses, then there is usually no problem with it.
The Due Process Clause states that government entities must respect all the legal rights of a person or a legal entity (e.g. corporation). It prohibits that any government (federal, state or local) deprives a person of their life, liberty, or property without a due process (the property part applies to legal entities).
The market basket for the consumer price index has two products, bread and milk, with the following values in 2013 and 2018 for price and quantity: Base Year (2013) 2018 Product Quantity Price Price Milk 50 $1.20 $1.50 Bread 100 1.00 1.10 <u>The Consumer Price Index for 2018 equals (A) 116</u>
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Explanation:
The market basket for the consumer price index has two products, bread and milk, with the following values in 2013 and 2018 for price and quantity: Base Year (2013) 2018 Product Quantity Price Price Milk 50 $1.20 $1.50 Bread 100 1.00 1.10 <u>The Consumer Price Index for 2018 equals (A) 116</u>
The CPI is a statistical technique that estimate or make use of the prices of a sample of representative items and these prices are collected periodically.
The Consumer Price Index (CPI) is index which is used to examine the weighted average price of consumer goods and services basket , which includes transportation, food, and medical care and is calculated by taking price changes for each item in the predetermined basket of goods and averaging them out
Answer:
Standard hours allowed= 39,000
Explanation:
Giving the following information:
Standard direct labor hours per unit= 5 hours
Actual results:
Units produced 7,800 units
<u>To calculate the standard hours allowed, we need to multiply the number of units produced for the unitary standard direct labor hours:</u>
Standard hours allowed= 7,800*5
Standard hours allowed= 39,000