There is a tenants' meeting in an apartment complex. Who goes to that meeting?

3. Prepare journal entries to record the machine’s disposal under each separate situation: (a) it is sold for $22,000 cash; (b)

Fofino [41]

Answer and Explanation:

The Journal entries are shown below:-

1. Cash Dr, $22,000

Accumulated depreciation-machine Dr, $148,800

($201,600 - $23,040 ÷ 6 × 5)

Loss on Sale of Machine Dr, $30,800

To Machine $201,600 ($192,000 + $8,000 + $1,600)

(To record Sale of the machine)

2. Cash Dr, $88,000

Accumulated depreciation-machine $148,800

($201,600 - $23,040 ÷ 6 × 5)

To Gain on Sale of Machine $35,200

To Machine $201,600

(Being Sale of the machine is recorded)

3. Cash Dr, $32,500

Accumulated depreciation-machine Dr, $148,800

Loss on disposal of Machine $20,300

To Machine $201,600

(Being Sale of the machine is recorded)

7 0

3 years ago

Select the items below which must be adjusted to the book balance: ________

Alona [7]

Answer:

b. Book Error

e. Interest earned on the Checking account

f. Collections of Accounts receivable by the bank.

Explanation:

Items which must be adjusted to the book balance as this question is concerned are Book Error, Interest earned on the Checking account & Collections of Accounts receivable by the bank.

These above items require adjustment in book balance to compute the adjusted book balance.

6 0

3 years ago

A company wishes to raise $170 million by issuing 20-year annual coupon bonds. Each bond will have a face value of $1,000; coupo

Margarita [4]

Answer:

The answer to the question is B I51,753 bonds

Explanation:

The present price of the bond and the total amount to be raised of $170m were used in arriving at the number of bonds to be issued.

n 20

Coupon 6.60%

YTM 7.7%*1000=77

FV 1000

PV ($1,120.25)

The current price of the bond $1,120.25

Total amount to be raised $170,000,000

Number of bonds to be issued=total amount /bond price 151,752 approx...151753

Find attached spreadsheet with formulas so as to be able to follow through.

Download xlsx

6 0

3 years ago

What is a benefit of investing

Lena [83]

Answer:

For example if you add 500 dollars to your bank account this year by next year it’s gonna become $1000.so that means when you invest more you get the double of what you invested in a particular period of time.

5 0

3 years ago

Peter, Paul, and Mary go to an all-you-can-eat buffet. The normal entrance fee is $20, but Peter gets in free because it is his

Firdavs [7]

Answer:

mary

Explanation:

A rational consumer would consume up to the point that marginal benefit equal marginal cost

Mary paid $20. this means that she places a value of $20 on the meal.

Paul paid $10. this means that he places a value of $10 on the meal

The value Mary places is 20, so she places a higher value and she would consume the most

Peter enters free and thus there is no marginal cost attached to this decision. He should consume the least

5 0

3 years ago