Answer and Explanation:
The Journal entry is shown below:-
Estimated other financing sources - transfers in Dr, $90,000
To Appropriations $90,000
(($3,600,000 × 5%) ÷ 2)
(Being budget transaction is recorded)
Therefore for recording the budget transaction we simply debited the Estimated other financing sources-transfers in and credited the Appropriations.
False, because the interest is the amount of money generated on top of the money borrowed.
You use them to ask questions and you earn them from answering questions.
A.
getting money with special repayment terms
Answer:
$46.31
Explanation:
Calculation to determine the current share price
Using this formula
Current share price=6.5*Present value of annuity factor(9.1%,12)
Present value of annuity=Annuity*[1-(1+interest rate)^-time period]/rate
Let plug in the formula
Current share price=6.5*[1-(1+0.091)^-12]/0.091
Current share price=6.5*[1-(1.091)^-12]/0.091
Current share price=6.5*7.124793
Current share price=$46.31
Therefore the current share price will be $46.31