Answer and Explanation:
The journal entries are shown below:
On May 1
Cash $840,000
To 4% Bonds Payable $840,000
(Being the issued of the face value is recorded)
On Nov 1
Interest Expense $16,800
To Cash A/c $16,800
(Being the interest expense is recorded)
The computation is shown below:
= $840,000 × 4% × 6 months ÷ 12 months
= $16,800
On Dec 31
Interest Expense $5,600
To Interest Payable $5,600
(Being the accrued interest is recorded)
The computation is shown below:
= $840,000 × 4% × 6 months ÷ 12 months
= $5,600
Answer:
Depreciation - Income statement
Cost of goods sold - Income statement
Fixed assets - Balance Sheet
Inventory - Balance Sheet
Accumulated depreciation - Balance Sheet
Retained earnings - Balance Sheet
Taxes - Income statement
Sales - Income statement
Cash - Balance Sheet
Accounts payable - Balance Sheet
Explanation:
Depreciation - Income statement
Cost of goods sold - Income statement
Fixed assets - Balance Sheet
Inventory - Balance Sheet
Accumulated depreciation - Balance Sheet
Retained earnings - Balance Sheet
Taxes - Income statement
Sales - Income statement
Cash - Balance Sheet
Accounts payable - Balance Sheet
Fiscal policy is the use of government revenue collection and expenditure to influence a country's economy.
Answer:
The answer is: It will take Mexico 28 years
Explanation:
In 2005, Mexico´s GDP per capita (MGDPpC) was only $11,000 which represented one fourth of the United States´ GDP per capita (USGDPpC) of $44,000.
The ratio of GDP per Capita between Mexico and the United States is 1:4
So when MGDPpC doubles the first time, the ratio will be 2:4 (or 1:2), so when it doubles again the ratio will b 1:1. So in order for MGDPpC to equal the amount of USGDPpC in 2005, it would need to double twice.
To find out how many years it will take Mexico to double its GDP per capita once, we must divide 70 by 5, which equals 14 years.
Since it takes Mexico 14 years to double its GDP per capita, it will take them 28 years to double it twice.
Answer:
Expected value of profit = -3750 + 2,000 + 2,500 + 0
Explanation:
<em>The expected value of is the sum of the possible profit under different outcomes multiplied by their respective probabilities</em>
Profit Prob P× Profit
(15000) × 0.25 = -3750
20,000 × 0.1 = 2,000
25,000 × 0.1 = 2,500
0 × 0.55 = <u> 0_____</u>
Expected value of profit = <u> 750</u>
Expected value of profit = -3750 + 2,000 + 2,500 + 0
= $750
<em>Note the figures given are stated as profits and not revenue. So we do not make use of the investment cost of $20,000</em>