Surveys and Interviews. Hope this helps
Answer:a) Will give you less opportunities than a career starting right away
wrong
Explanation:
Answer:
Loss on the retirement of $4,750
Explanation:
The following have the effect on the income statement which is a loss on the retirement and it amounts to $4,750
It is computed as:
Loss on retirement = Retirement value of the bonds - Issued price of the bonds
= $71,150 - $66,400
= $4,750
Working Note:
Issued Price of bonds = Face value - Discount on bonds payable
= $70,000 - $3,600
= $66,400
Answer: c. Debt Service Fund and General Fund
Explanation:
The Sinking fund is a Debt Service Fund as it was created to retire some general obligation bonds. Every transaction that had to do with the retirement of debt as well as contribution to the retirement of debt would go in this account.
The General fund is also needed because this is the main fund of a Government entity. Everything that does not go through special funds is recorded here. This Fund therefore would show that the city made a $550,000 contribution to the sinking fund.
Answer:
$195,488.6
Explanation:
The computation of the amount at the end of the 22 years is shown below
The Amount at the end of 1st 11 years is
= Principal × (1 + interest rate)^number of years
= $19,750 × (1 + 0.09)^11
= $50,963.42
Now the amount at the end of the last 11 years is
= $50,963.42 × (1 + 0.13)^11
= $195,488.6
hence, the value at the end of the 22 years is $195,488.60
