Answer:
c. $9,702
Explanation:
Elias Corporation has issued 10% bond the semi annual rate of bond is 10%. The 10% rate is divided by 2 to find the actual semi annual rate of interest on the bond. The rate of bond is 5%. The amount at which bond can be sold will be used to calculate interest expense of the bond.
$97,020 * 5% = $4,851
The annual interest expense will be, $4,851 * 2 = $9,702
The correct answer is c.$9,702
Answer:
The percentage rate of growth from 2010 to 2011 is the 1237.3%
Explanation:
The percentage rate or growth for online advertising spend in 2011 compared to 2010 is obtained when calculating the following operations:
1. You must know what is the base figure you want to use to determine the percentage growth. In this case $5.9 Billion is the base figure you will use.
2. You want to know what is the figure with which you will determine the final growth. In this case is $73 billion.
3. You replace the values in the following formula:
percentage rate or growth =(( <u> Final growth figure </u> ) ) x 100
Base figure
percentage rate or growth =(( <u> 73 </u> ) ) x 100
5.9
percentage rate or growth = 12.3728 x 100
percentage rate or growth = 1237.28
4. As you want to round your answer to one percentage place, then you round to .28 to .3 that is the next higher decimal number.
percentage rate or growth = 1237.3%
Answer:
$90
Explanation:
Hollister has an offer of 10% savings for every purchase.
Jason buys clothes for $100. His savings will be 10% of $100
=10/100 x100
=0.1 x 100
=$10
Jason will pay
=$100 - $10
=$90
Jason will pay $90
Answer:
Journal Entry
Dr. Contingent Consideration Liability $500,000
Cr. Goodwill $500,000
Explanation:
It is assumed that the decline in the fair value is the correction of the acquisition entry. It means due to this event the consideration liability and goodwill are overstated we need to rectify the balances.
Hence,
The contingent consideration liability will be debited to reduce the liability and goodwill will also be decreased by crediting the goodwill account.