Answer:
c. $50,400
Explanation:
The computation of the interest expense is shown below:
= Borrowed amount × rate of interest
= $480,000 × 10.5%
= $50,400
hence, the interest expense is $50,400
Therefore the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Stephen Gary "Steve" Wozniak, nicknamed "Woz", is an American inventor, electronics engineer, programmer, and technology entrepreneur who co-founded Apple Inc.<span>Steven Paul "Steve" Jobs was an American entrepreneur, businessman, inventor, and industrial designer.
</span><span>Steven Paul "Steve" Jobs was an American entrepreneur, businessman, inventor, and industrial designer.</span>
Answer:
=2983.25
Explanation:
In calculating the inventory on raw materials you will have to Add together the original value of raw materials, the works in progress if any and finished goods to get starting total inventory.
The solution to the question can be calculated like this:
EOQ=
EOQ=268.328
EOQ+SAFETY STOCK=268.328+30
=298.325
VALUE=298.325*10
=2983.25
Answer:
b. franchising fees and royalties
Explanation:
an independent business owner would not encounter this.
Answer:
Explanation:
The journal entry is shown below:
Loss on impairment A/c Dr $140,400
To Accumulated impairment loss A/c $140,400
(being the impairment loss is recorded)
The computation is shown below:
= Carrying value of the equipment - fair value of the equipment
where,
Carrying value of the equipment would be
= Cost of the equipment - accumulated depreciation
= $1,053,000 - $444,600
= $608,400
So, the loss would be
= $608,400 - $468,000
= $140,400
