Answer:
=E7*C2/2
Explanation:
The interest expense will be the carrying value of the bond times the effective interest rate.
On cell C8 we have the interest expense
On E7 we have the carrying value which is the outstanding balance.
Then, on C2 we got the effective rate
As this is an annual formula, we must divide by two to convert to semiannual rate.
A file is attached for how the excel sheet looks like
Answer:
She is experiencing false class consciousness
Explanation:
False class consciousness was introduced by Karl Marx.
False Class consciousness refers to an unawareness by a social or economic class like Sally of her position and interests within the structure of the economic order and social system in which she lives. By thinking herself to be an investor instead of worker, Sally has a misguided or false view of her own position in Ellis corporation.
Answer:
$64,000
Explanation:
The calculation of the cash disbursements for selling and administrative expenses on the December selling and administrative expense budget is given below;
= Variable Selling & Administrative Expenses + Fixed Seliing & Administrative Expenses - Depreciation
= 3,200 units × $3.10 + $60,800 - $6,720
= $64,000
Answer:
$49.137 million
Explanation:
The accounting equation gives the relationship between the elements of a balance sheet as
Assets = Liabilities + Equity
Equity is further divided into common stock and retained earnings which is the accumulated net income over the years net of dividends declared and settled.
Equity = Common stock + Retained earnings
Equity = $127.921 million - $74.974 million
= $52.947 million
Retained earnings = $52.947 million - $3.810 million
= $49.137 million