Answer:
Decrease, $2,000
Explanation:
The premium on bonds payable will <u>decrease </u>total interest expense recognized over the life of the bond by <u>$2,000</u>. The difference between the face value & the issue value $2,000 ($62,000 - $60,000) should be amortize over a period of time and of which is reduced from interest expense.
The entry to replenish the petty cash fund will include a credit to cash for $385.
What is petty cash fund?
When regular purchasing techniques are impractical, such as when buying office supplies or paying employees, a tiny sum of money called petty cash is utilized instead.
The entry to replenish the petty cash fund amount will include:
Fund amount : $450 - Used
Fund amount :$450 - $382 = 68
cash on hand - remaining ; $68 - $65 = $3
Used + remaining ; $382 + $65 = 385
As a result, a credit to cash for $385.
Learn more about on petty cash fund, here:
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Answer:
personal selling
Explanation:
Personal selling is a type of marketing strategy used when companies encourage their customers to make their experiences public and share their feelings about the product. In this case, the company is encouraging consumer feedback and sharing stories.
Answer: $352,000
Explanation:
The information needed to calculate the cash and cash equivalent are:
Balance in checking account, Bank of the East = $ 382,000
The restricted cash included in the checking account = $49,000
Treasury bills = $19,000
We subtract the restricted cash from the balance in the checking account and then add it to the treasury bills. This will be:
= ($382,000 - $49,000) + $19,000
= $333,000 + $19,000
= $352,000
Answer:
Final value= $2,282.013
Explanation:
Giving the following information:
Erick is planning to invest $500 at the end of year one, 800 at the end of year two, and 900 at the end of year three at 4.5 percent interest.
To calculate the total final value of the investment, we need to use the following formula for each deposit:
FV= PV*(1+i)^n
Deposit 1= 500*1.045^2= 546.013
Deposit 2= 800*1.045= 836
Deposit 3= 900
Final value= $2,282.013
