Answer:
January 1 2021 Cash 750000 Dr
Bonds Payable 750000 Cr
June 30 2021 Interest Expense 30000 Dr
Cash 30000 Cr
December 31 2021 Interest expense 30000 Dr
Cash 30000 Cr
Explanation:
The bonds are issued at par so whole 750000 is received in cash on issue date.
The annual interest on bonds is 750000 * 0.08 = 60000
This is paid in equal installments semi annually so semi annual payment is 60000 / 2 = 30000
Answer:
99.91%.
Explanation:
For Salt Lake City, the probability that there will be fire damage is:
5% = 0.05
Therefore, the probability that there will be no fire is:
99.95% = 0.9995
For Cleveland, the probability that there will be fire damage is:
4% = 0.04
Therefore, the probability that there will be no fire is:
99.96% = 0.9996
To calculate the probability that none of the production facilities will damaged by fire, we simply multiply both probabilities thus:
0.9995 X 0.9996
= 0.9991
The answer is therefore:
99.91%
Answer:
$83,800
Explanation:
Setup cost assigned to Deluxe model = Setup Overhead costs * Number of setups required for Deluxe model/Total Number of setups required
Setup cost assigned to Deluxe model = $60,000 * 29/40
Setup cost assigned to Deluxe model = $43,500
Setup cost assigned to Deluxe model = Component Overhead costs x Number of components required for Deluxe model/Total Number of components required
Setup cost assigned to Deluxe model = $58,900 * 13/19
Setup cost assigned to Deluxe model = $40,300
Total amount of overhead costs assigned to the deluxe model = Setup cost assigned to Deluxe model + Setup cost assigned to Deluxe model = $43,500 + $40,300 = $83,800.
Answer:
A and C.
Explanation:
There are five foundations of economics:
-Incentives matter.
-Opportunity costs.
-Trade creats value.
-Life is about trade off.
<em>Is a situation in which more of one thing necessarily means less of something else.</em>
<em>When desicions are made, people are always confronted with multiple alternative actions. Example, waking up for school.</em>
<em>The ultimate desicion should be the more efficient, profitable outcome.</em>
-Marginal thinking.
<em>The word marginal in economics means additional. It requires the evaluation of whether one more unit of something has higher additional benefits than additional costs. </em>
<span>c. the retail price of everything that comes with that particular vehicle. </span>