Answer:
A
Explanation:
developing countries have high population growth rate
Answer:
6.34
%
Explanation:
For computing the coupon rate, first we have to determine the PMT by using the PMT formula that is shown on the attachment
Given that,
Present value = $939.02
Future value = $1,000
Rate of interest = 7.15% ÷ 2 = 3.58%
NPER = 11 years × 2 = 22 years
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the PMT is $31.70
It is semi annually
Now the annual PMT is
= $31.70 × 2
= $63.40
So, the coupon rate equals to
= $63.40 ÷ $1,000
= 6.34
%
Answer:
c. Debit: Discount on notes payable, $41,884.
Explanation:
The journal entry is shown below:
Equipment $883,116
Discount on Notes payable $41,884 ($740,000 - $698,116)
To Notes payable $740,000
To Cash $185,000
(Being the amount paid in cash and note payable is recorded)
Working note
= Note payable amount × PVF factor at 6% for one year
= $740,000 × 0.94340
= $698,116
For recording this we debited the equipment as it increased the assets and discount is always debited while the note payable and cash is credited as it increased the liabilities and reduced the assets
Answer:
a. $270,900
b. $6.30
c. $24,570
Explanation:
(a) The depreciable cost = $270,900
(b) The depreciation rate = $6.30
(c) The units-of-activity depreciation for the year =- $24,570
Answer: False
Explanation:
The statement that as people become more powerful, they tend to become less goal-oriented, less motivated, and more focused on gaining additional power is false.
When people become more powerful, such people become motivated to achieve organizational aims and achieve greater things. Also, they become more empowered which helps in increasing their job satisfaction and morale.