Answer:
a) Absolute Value Inequality => Absolute(0 + y) < 2
b) -2 < y < 2
Which means, Johnson Family has to live within the range of -2 to +2 from the fire department. Otherwise, they will have to pay 500 USD as increased deductible.
Explanation:
<u><em>Johnson Family has to live within the range of -2 to +2 from the fire department.
</em></u>
<em>a) Absolute Value Equation:</em>
Absolute(0 + y) < 2
where y represent the location of the new house and 0 represents the location of the fire department.
Furthermore,
<em>Absolute(0 + y) < 2 = (0 + x) < 2 when (0 + y) is +ve. </em>
and
<em>Absolute(0+y) <2 = -(0 + x) < 2 when (0 + y) is -ve.
</em>
b) When (0 + y) is +ve,
we have, (0 + y) < 2.
<em>Solving for y and subtracting 0 from both sides. </em>
0-0 + y < 2 - 0
<em>y < 2</em>
and when (0 + y) is -ve,
<em>we have, - (0 + y) < 2.
</em>
Solving for y:
- 0 - y < 2
multiplying negative from both sides
<em>y > - 2</em>
<em>So, we have -2 < y < 2 </em>
<em>Johnson Family has to live within the range of -2 to +2 from the fire department. Otherwise, they will have to pay 500 USD as increased deductible. </em>
<span>A) Agenda Setting: In Agenda setting, a policy formulation problem is recognized. It is then moved to a list of things to do within government.
B) Policy Formulation: Different groups will brainstorm plans to fix the problem.
C) Policy Adopting: At this stage government will adopt the policy, that will be address the problem.
D) Policy evaluation: Government and the general public are given the policy, they review it. It is then that they decide if it should be continued, altered, or cancelled.</span>
Answer:
1) Part 1. Operating Income = Revenue - Operating cost
=201,000 - 56,000
=$145,000
Part 2. Operating Income = Revenue - Operating cost
= 159,000 - 55,000
= $104,000
Part 3. Operating Income = Revenue - Operating cost
= 89,000 - 15,000
=$74,000
2. Part 1. Operating Income = Revenue - Operating cost
=201,000 - 45,600
=$155,400
Part 2. Operating Income = Revenue - Operating cost
=159,000 - 25,000
=$134,000
Part 3. Operating Income = Revenue - Operating cost
=89,000 - 55,400
=$33,600
Answer:
(a) Journalize the payment of the bond interest on January 1, 2022.
Dr Interest payable - bonds payable 40,400
Cr Cash 40,400
The interest expense on the bonds payable should have been accrued on the 2021 balance sheet, that is why we debit interest payable and not interest expense.
(b) Assume that on January 1, 2022, after paying interest, Blossom calls bonds having a face value of $100,000. The call price is 103. Record the redemption of the bonds.
Dr Bonds payable 100,000
Dr Call premium 3,000
Cr Cash 103,000
(c) Prepare the adjusting entry on December 31, 2022, to accrue the interest on the remaining bonds.
interest expense = $405,000 x 8% = $32,400
Dr Interest expense - bonds payable 32,400
Cr Interest payable - bonds payable 32,400
