The answers are:
- Book Value of the Bond on December 31 this year = $140,000
- Book Value of the Bond on December 31 next year = $140,000
Calculation of the amount of interest expense should be recorded on June 30 and December 31 of this year
Semiannual Interest Rate = Annual Coupon Rate / 2 = 7.5% / 2 = 3.75%
Amount of Semiannual Interest Rate = $140,000 x 3.75% = $5,250
The interest expense should be recorded on June 30 and December 31 of this year is $5,250
The amount of cash is owed to investors on June 30 and December 31 of this year
In this question, cash owed to the investor is the same as the amount paid as interest, so
cash owed to the investor on June 30 = $5,250
Dec 31 = $5,250
Calculation of book value of the bonds on December 31 of this year and December 31 of next year
Book Value as of Year-End = Face Value + Unamortized Premium
Or
= Face Value - Unamortized Discount
Book Value of the Bond on December 31 this year = $140,000
Book Value of the Bond on December 31 next year = $140,000.
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Answer:
$357,000
Explanation:
The stock of gallons of insecticide would be valued at the lower of cost or net realizable value.
The cost here is $357,000 when compared to net realizable amount of $819,000,the cost is lower,hence the stock of the insecticide would be shown in the balance sheet as an asset,supplies ,in the amount of $357,000
The supplies would an a current asset in the balance sheet,hence when it is used supplies would be credited while supplies expense is debited
Answer:
the level of pollution at which the marginal social cost of pollution is equal to the marginal social benefit of pollution.
Explanation:
Pollution can be defined as the physical degradation or contamination of the environment through an emission of harmful, poisonous and toxic chemical substances.
Generally, it has been proven beyond reasonable doubt that pollution is undesirable to living organisms such as humans, plants and animals in an environment.
Furthermore, we know and agree that social welfare of the people living across the world is increased by reducing pollution.
Hence, the optimal level of pollution in a society is the level of pollution at which the marginal social cost of pollution is equal to the marginal social benefit of pollution.
Answer:
Dr Cash 105,600
Dr Compensation Expense 14,400
Cr Common Stock 10,000
Cr Paid-In Capital – Excess of Par 110,000
Explanation:
KL Corp Journal entry
Dr Cash 105,600
Dr Compensation Expense 14,400 (10,000*12*12%)
Cr Common Stock 10,000 (10,000*1)
Cr Paid-In Capital – Excess of Par 110,000
(10,000*(12-1))
The difference in production is most likely due to adding a chef, because production increased across the board at each level for both types of rolls. If there was only one chef, one roll would increase and the other would decrease because they could only spend their time on one thing.
