Answer:
If the stand-alone method would be used the startup would pay $60,000.00.
Step-by-step explanation:
The current cost for Spring Harbor Corporation is $180,000.00, but they use only 70% of the corporate suite.
If the start-up divide the corporate suite, they will use only 30%, but the total cost will be 180,000.00 + 20,000.00 = 200,000.00
We add the values because 180,000.00 counts the cost of maintenance paid before.
Using the percentages to find the cost for the start-up:
So, $60,000.00 will be allocated to the start-up business.
Answer:
Step-by-step explanation:
Naw bruv i’m doing the same problems rn and i’m struggling gl tho
Answer:
The Parry Glitter Company
The Parry Glitter Company should record the Notes Receivable as $300,000.
It should also record the interest receivable per year as $24,000 and the advertising cost as $24,000 per year. These bring into the accounting records the interest revenue and also the advertising expense, which eventually cancel each other.
Step-by-step explanation:
a) Data and Calculations:
Notes Receivable = $300,000
If the notes receivable are repaid at the end of 3 years and it is assumed that the interest on the notes receivable = 8%
Therefore, the cost of the free advertising will be equal to $24,000 ($300,000 * 8%), which is the cost of the interest to the radio station.