<span>What is interest based upon? a. percentage of monies paid back.</span>
Answer:
(a) $5,823.20
(b) $116,464.
(c) $5,881.43.
Explanation:
Given that,
Original principal = $116,000
Interest rate = 0.5% semi-annual
Time period = 10 years
Inflation rate = 0.4% semi-annual
(b) Inflation adjusted premium at the end of 6 months on June 30,2019:
= Original principal × Semi-annual inflation rate
= $116,000 × (1 + 0.004)
= $116,464.
Therefore, the inflation adjust principal at the beginning of six months is $116,464.
(a) First coupon payment paid on June 30,2019:
= inflation adjust principal × Interest rate
= $116,464 × 0.05
= $5,823.20
(c) Inflation adjusted premium at the end of 6 months on December 31,2019:
= Principal in June 30,2019 × Semi-annual inflation rate
= $116,464 × (1 + 0.01)
= $117,628.64.
Coupon payment on December 31,2019:
= Inflation adjusted premium × Interest rate
= $117,628.64 × 0.05
= $5,881.43.
The correct answer is to create goodwill with the audience. This issue is really important for everybody . In Arequipa, the second city in Peru, a big company wanted to build a mall in a residential area and it had all the city council licenses and apparently everything was all right but the neighbors didn't want the mall to be built because they lived in a residential area and they didn't want their lifestyle to change. Building a mall also implies a lot of noises and the companies had to work at nights which neighbors opposed strongly. So far the company hasn't built the mall because it couldn't obtain the social license or create goodwill with the audience.
Posting accounts to the post closing trial balance follows the exact
same procedures as preparing the other trial balances. Each account
balance is transferred from the ledger accounts to the trial balance.
All accounts with debit balances are listed on the left column and all
accounts with credit balances are listed on the right column.
The process is the same as the previous trial balances. Now the ledger accounts just have post closing entry totals.
An post closing trial balance is formatted the same as the other trial balances in the accounting cycle displaying in three columns: a column for account names, debits, and credits.
Since only balance sheet accounts are listed on this trial balance,
they are presented in balance sheet order starting with assets,
liabilities, and ending with equity.
As with the unadjusted and adjusted trial balances,
both the debit and credit columns are calculated at the bottom of a
trial balance. If these columns aren’t equal, the trial balance was
prepared incorrectly or the closing entries weren’t transferred to the
ledger accounts accurately.
As with all financial reports,
trial balances are always prepared with a heading. Typically, the
heading consists of three lines containing the company name, name of the
trial balance, and date of the reporting period.
The post closing trial balance is a list of all accounts and their balances after the closing entries
have been journalized and posted to the ledger. In other words, the
post closing trial balance is a list of accounts or permanent accounts
that still have balances after the closing entries have been made.
This accounts list is identical to the accounts presented on the
balance sheet. This makes sense because all of the income statement
accounts have been closed and no longer have a current balance. The
purpose of preparing the post closing trial balance is verify that all
temporary accounts have been closed properly and the total debits and
credits in the accounting system equal after the closing entries have
been made.
A cartel differs from a monopoly in that B) businesses making the same product agree to limit production. A cartel is an agreement between producers of goods, usually primary products like oil or natural gas, who work together to set a price at an agreed upon price that is a distortion above of what the market's equilibrium price would be for the good without the cartel's intervention.
