Answer:
b. Interest on a note payable should be credited to Notes Payable because it increases the amount of principal to be repaid at the maturity of the note.
Explanation:
Interest accrued on a note payable journal entry :
Debit : Interest Payable
Credit : Note Payable
Answer:
$894.65
Explanation:
Given data:
n= time = 10 years
par value= $1000
annual coupon = 5.5%
interest rate = 7.0%
bond price = present value of interest + present value of redemption value.
present value of interest:
C = 5.5% of 1000 = $55
PV = C x (1 - (1 + r)^(-n)/r
PV = 55 x 1.07^(-10)/0.07
PV = 386.3
present value of redemption value:
pv = f / (1 + r)^(n)
where f = par value
PV = 1000 / (1.07)^(10)
PV = 508.35
summing up both values
508.35 + 386.3
= $894.65
Answer:
Incremental Analysis for special order
units <u>10,000</u>
offer price $290,000
Variable cost:
Cost of goods sold($22.5 *10,000) 225,000
Selling and Administrative expenses
($2.05*10,000) 20,500
shipping cost (0.77*10,000) <u> 7,700 </u> <u> (253,200)</u>
Additional contribution <u> 36,800</u>
Explanation:
variable cost goods sold per unit = ( 3,633,000 - 960,000)/118800 = $22.5
Variable selling and admin expense per unit = ( 517,540 - 274,000)/118800
= $ 2.05
Answer:
- scheduling an appointment with a career counselor at a school
- attending an informational session
- applying for an internship
- contacting a professional organization, such as CompTIA
Explanation:
To learn more about IT careers or just carriers in general, one can contact the Career counselor at school. Their job is to help students find out more abut careers so that they know which path they would like to follow.
One can also attend information sessions where they can listen to people speak on IT careers and ask questions they would like answers to as well.
A practical way to find out about IT careers is to intern at an IT firm. This way you get to see first hand what the job entails and if it is the kind of thing you would like to do.
There are also professional organizations that offer certifications in IT such as CompTIA. As they are well versed in the area, they can provide more information on IT careers including the educational background required.
Answer:
a. Open market sale of $30 billion
b. Open market purchase of $15 billion
Explanation:
