Answer:
The correct option is true
Explanation:
The book value of the old fixtures at the date of exchange which is the cost less accumulated depreciation till date is computed thus:
Book value of old fixtures=$48,000-$14,000=$34000
Expected cash payable by the company for the new fixtures is the market value of the new fixtures minus the carrying value of the old fixtures.
Expected cash=$117,000-$34,000=$83,000.00
Loss on the exchange =cash paid -expected cash payable=$101,000-$83,000=$18000
Answer:
6%
Explanation:
Given the following :
Amount of bond issued = $10,000,000
Cash paid = $300,000
Term of bond = 10years
Semiannual interest pay
The stated annual rate of interest on the bond can be calculated thus :
Rate of interest ;
Cash paid / Amount of bond issued
$300,000 / $10,000,000
= 0.03
0.03 * 100%
= 3% (semiannual interest)
Therefore, annual rate of interest :
Semiannual rate * 2
3% * 2 = 6%
Answer:
Increased spending power.
Explanation:
At a lower price level, consumers are likely to have higher disposable income and therefore spend more.
Answer:
Wetlands are highly productive and biologically diverse systems that enhance water quality, control erosion, maintain stream flows, sequester carbon, and provide a home to at least one third of all threatened and endangered species. ... improve water quality. provide wildlife habitat. maintain ecosystem productivity.
