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8_murik_8 [283]
3 years ago
5

At December 31, 2020, Pharoah Company has outstanding three long-term debt issues. The first is a $2,370,000 note payable which

matures June 30, 2023. The second is a $5,580,000 bond issue which matures September 30, 2024. The third is a $12,850,000 sinking fund debenture with annual sinking fund payments of $2,570,000 in each of the years 2022 through 2026.Prepare the required note disclosure for the long-term debt at December 31, 2020.
Business
1 answer:
Snezhnost [94]3 years ago
7 0

Answer:

The first is a $2,370,000 note payable which matures June 30, 2023.

The second is a $5,580,000 bond issue which matures September 30, 2024.

annual sinking fund payments of $2,570,000 in each of the years 2022 through 2026.

Year       Amount of long term debt       Working      

2021                   $0

2022              $2,570,000

2023              $4,940,000                       = $2,570,000 + $2,370,000

2024              $8,150,000                        = $,2,570,000 + $5,580,000

2025              $2,570,000

2026              $2,570,000

Long term debt is debt that must be paid in a period of time longer than one year. Debts that are due in less than one year are classified as current debts or liabilities. That is why there is no long term debt for 2021 (current year).

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Answer:

INCREASE the consumption of Pepsi and REDUCE the consumption of Hamburger

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Based on the information given we were told that Bill uses his whole budget to purchase the following :

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Based on the above details this means that Bill could increase his utility by INCREASING Pepsi consumption and REDUCING hamburger consumption reason been that 5 cans of Pepsi costs $1 per can which will gives us income of $5 ($5×1) while 3 Hamburgers per week cost $2 which will give us income of $6 ($3×2) which typically means that the Hamburgers has more income that Pepsi.

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Therefore the best thing that Bill could do in order to increase his Pepsi utility is for Bill to increase Pepsi consumption and reduce hamburger consumption.

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Answer:

The correct answer is c) increases

Explanation:

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When the stimulus and response produce a satisfying outcome is because the answer had given an excellent outcome, which could cause it to happen again because it generates a satisfactory feeling, and the probability to increase, goes up.

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