Answer:
Explanation:
we assume fees paid as annuity(PMT)
Now we have to find Present Value (PV) of annuity
PV = PMT*(1-1/(1+r)n ) / r
PMT = 10600
n = 8 payments
3.9% compounded semi annual
r = 3.9% / 2 = 1.95% = 0.0195
PV = 10600*(1-1/(1+0.0195)8 ) / 0.0195
PV = 10600*0.143155 / 0.0195 = 73412.820513
Given that <span>Pierre
is a foreman in a plant. he has 25 line workers who report to him on
the night shift.
From what you have read about organization charts, what you know for sure is that Pierre has a wide span of control.
Span of control refers to the </span><span>number of subordinates that a manager or supervisor can directly control.
</span>
The break-even point is three units if the fixed costs of a new jet ski are $24,000, the sales price is $9,000, and the variable cost per unit is $1,000.
Contribution per unit is $9,000 − $1,000 = $8,000. Then we divide the fixed costs by the contribution per unit: $24,000 ÷ $8,000 = 3 units.
The cost of a company expense that remains constant regardless of whether more or fewer goods and services are produced or sold is fixed costs referred to as a fixed cost. Regular outlays like rent, interest break-even point payments, and insurance are examples of fixed costs that aren't directly connected to production.
In general, fixed costs are indirect since they have nothing to do with how a business produces its products or renders its services. Shutdown points are typically used to cut back on fixed costs. These costs are one of two distinct business costs—the other being variable costs—that break-even point combined make up their overall costs.
Learn more about fixed costs here
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Answer and Explanation:
The Journal entry is shown below:-
Bonds payable Dr, $1,800,000
(1,800 × $1,000)
To Discount on bonds payable $30,000
To Common stock $720,000
(1,800 × 40 × $10)
To Paid-in-capital in excess of par $1,050,000
(Being conversion of bond into common stock is recorded)
Therefore for recording the conversion using the book value approach we simply debited the bonds payable and credited the discount on bonds payable, common stock and paid-in-capital in excess of par.