Answer:
The journal entries should be as follows:
Day 1, you purchase the materials (8 pallets x $200 x 80%)
- Dr Materials Inventory account 1,280
- Cr Accounts Payable account 1,280
Day 31, you pay the first installment (= $1,280 / 3)
- Dr Accounts Payable account 426.67
- Cr Cash account 426.67
Day 61, you pay the second installment (= $853.33 - $426.66)
- Dr Accounts Payable account 426.67
- Cr Cash account 426.67
Day 91, you pay the third installment
- Dr Accounts Payable account 426.66
- Cr Cash account 426.66
Answer:
More than $500,000.
Explanation:
In the case when the coupon rate is more than the market interest rate so the bond would be on premium
And, if the coupon rate is less than the market interest rate so the bond would be on discount
And if both are equal so it should be in par
Now in the given case, since the rate of interest is 7% and the market rate of interest is 6% so it would be on premium
That means the bond price would sell at more than $500,000
Answer:
The answer is B..
Explanation:
Stock split is the issuing of new shares to existing shareholders according to their current holdings from the total outstanding shares. It increases the number of outstanding shares.
Post-split stock price = Current price/new per old
Number of new shares = 3
Number of old shares = 1
Pre-split stock price = $150
Therefore, post-split stock price is:
1/3 x $150
=$50