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NeTakaya
3 years ago
12

At December 31, 2020, Wildhorse Company has outstanding three long-term debt issues. The first is a $1,810,000 note payable whic

h matures June 30, 2023. The second is a $4,830,000 bond issue which matures September 30, 2024. The third is a $13,760,000 sinking fund debenture with annual sinking fund payments of $2,752,000 in each of the years 2022 through 2026. Prepare the required note disclosure for the long-term debt at December 31, 2020.
Business
1 answer:
grandymaker [24]3 years ago
4 0

Answer and Explanation:

The Preparation of note disclosure for the long-term debt is shown below:-

              Note disclosure for the long-term debt

               At the year end 31, December 2020

Year                Amount                 Working note

2021                    0

2022             $2,752,000   From annual sinking fund payment

2023             $4,562,000        ($1,810,000 annual sinking fund payment + $2,752,000 note payable maturity)

2024             $7,582,000         ($4,830,000 annual sinking fund          payment + $2,752,000 bond maturity)

2025             $2,752,000    From annual sinking fund payment

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The average cost at a caseload of 25 attempted placements per month is 105.

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The total cost function given in the question first correctly stated as follows:

TC = 25Q^1/2 + 2,500 ................ (1)

A caseload of 25 attempted placements implies that:

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Substitute Q = 25 into equation (1), we have:

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3 years ago
What are products that consumers demand less of when their income rises
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2 years ago
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Ryan's Sparkling Jewels estimated its payroll for the coming year to be $84,000. Its workers' compensation
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Ryan's Sparkling Jewels estimated its payroll for the coming year to be $84,000. Its workers' compensation insurance premium rate of 0.6% is paid at the beginning of each quarter required: Calculate the estimated cost of workers' compensation insurance for the year.

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"Join venture" refers to the<em> merging of two parties</em>, including their resources, in order to accomplish a project or start a new business. This means that the company profits and losses will be shared by both parties.

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