Answer:
Lundholm, Inc
Journal Entries
Date Account Titles Debit Credit
May 1, 18 Cash $500,000
Bonds payable $500,000
(To record the bond issuance)
31 Oct, 18 Interest Expenses $22,500
(500000*9%*6/12)
Cash $22,500
(To record payment of the first semiannual period’s interest)
Nov 1, 19 Bonds payable $300,000
Loss on Bonds $3,000
Cash $303,000
(To record retirement the bonds at 101 on November 1, 2019)
Sally is buying a home and the closing date is set for April 20th. the annual property taxes are $1234.00 and have not been paid yet. The answer is $368.51.
Step 1: Find the daily rate; property taxes for the year ($1234.00) / 365 days = $3.38.
Step 2: Seller will credit buyer from January through midnight the day before closing. Calculate the exact number of days; January 31 + February 28 + March 31 + April 19 = 109 days Step 3: Multiply the daily rate ($3.3808219178) x Number of days (109) = $368.51
Property tax is the sum that a landowner must pay to the local government or municipal body in their area. Every year, the tax is due and payable. Real estate assets include real estate, commercial real estate, and residential real estate that is rented to third parties.
Owners of real estate must pay property taxes that are computed by the municipal authority where the asset is situated.
Property tax is calculated based on the value of the property, which can be a tangible personal property or real estate in various countries.
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Answer:
D - Procedure
Explanation:
The correct option from the multiple choices is D that is Procedure
(the procedure is a set of guidelines to tell how one should respond or act to a situation when it arises. These procedures are standard for all the time in such a similar circumstance.)
Thus, to outline a particular circumstance, procedure is the correct option.
When this is formed by nations to advance trade it is referred to as a<u> Free Trade Area. </u>
<h3>What is a free trade area?</h3>
- A zone comprising of several nations where they don't charge each other much customs/ import duties.
- Allows for easier trade.
The purpose of a free trade area is to encourage trade amongst members but it can lead to a few members dominating if they produce more than the other members.
Find out more on free trade areas at brainly.com/question/8515719.
The material resourcces are the Focus of the conversion
Conversion process is the process where the raw material resources such as fossil Oil turned into usable product such as gasoline. Which why is why material resources became the focus of conversion process in every refining companies
