<span>If
bond interest expense is $800,000, bond interest payable increased by
$8,000 and bond discount decreased by $2,000, how much cash was paid for
bond interest? = </span>$806,000
Answer: Closing entries: <u>" must be journalized and posted ".</u>
Explanation: Closing entries are those registrations that are ALWAYS made at the end of an accounting period because it cancels the balance of all temporary accounts to transfer them to permanent accounts.
Temporary accounts are profit and loss accounts, so the result of the year is determined in this way.
Answer:
Debit : <em>Work In Process Account</em> and Credit : <em>Raw Materials Account</em>
Explanation:
The Work In Process Account must be increased with the cost of raw materials being transferred to production from the Raw Materials Account.Whilst the Raw Materials Account must be decreased.
That investor will become a Shareholder.
The moment an investor become a shareholder, that investor is basically own some percentage of the company.
Each year, the company will pay the investors in the form of Dividend, which amount is depended on how well the company perform in that year
Answer:
The Ricardian Model as described by David Ricardo is a model which explains trade between two countries and the products which they are most likely to export. The answer to your problem is given below.
Explanation:
(a) Calculate the autarky price of Goods in both countries: pG, and p*G.
The autarky price here means a price at which there will be no trade between the two countries:
Data:
The marginal product of labor in service industry of home country:
MPLS = 1
The marginal product of labor in goods industry of home country:
MPLG = 1
The marginal product of labor in service industry of foreign country:
MPLS* = 1/4
The marginal product of labor in goods industry of foreign country:
MPLG* = 1/2
The price of services in home country is:
Ps = $2
The price of goods in foreign country is:
Ps* = 12 Pesos
As per current exchange rate, the value of 12 Pesos is equal to $0.63.
source: https://mxn.currencyrate.today/usd/12
Thus,
Ps* = $0.63
The autarky price of goods in both countries are calculated as follows:
Ps/PG = MPLS/MPLG
2/PG = 1/1
PG = $2
And,
Ps*/PG* = MPLS*/MPLG*
0.63/PG* = (1/4)/(1/2)
PG* = $1.26
