Answer:
June 1
Cash $111,000 (debit)
Note Payable $111,000 (credit)
June 30
Interest expense $1,480 (debit)
Note Payable $1,480 (credit)
Nov 30
Note Payable $119,800 (debit)
Cash $119,800 (credit)
Explanation:
June 1
Recognize the Cash Asset received and a liability Note Payable
June 30
Interest for 1 month has accrued and this is calculated as :
Interest Expense = $111,000 × 8% × 1/6
= $1,480
Nov 30
Total Interest is capitalized to the Note Payable and the full amount is repaid
Total Interest = $111,000 × 8%
= $8,800
Ballon Amount = $111,000 + $8,800
= $119,800
Answer:
The dimensions for the entire area will give the cheapest cost for the entire fence are 40 feet in front, 100 feet on each side, and 40 feet on bottom.
Explanation:
Since Mrs. Jones always wanted a white picket fence in front of her house, and Mr. Jones, her husband, wants a fence around the entire house including a decently-sized lawn in the front and a garden in the back, and the fence border should look like a rectangle, and I have calculated that he would need to fence off an area of 4,000 square feet in order to fit all these things, and he wants to appease his wife and at least build the white picket fence in front of the house, and he plans to build the rest of the fence with chain link, a cheaper material, given that a white picket fence costs $ 7 per foot and a chain link fence costs $ 4 per foot, to determine what dimensions for the entire area will give the cheapest cost for the entire fence, the following calculation should be performed:
Area of a rectangle = base times height = Z x Y = 4,000
80 x 50 = 4,000
40 x 100 = 4,000
20 x 200 = 4,000
20 x 7 x 2 + 200 x 4 x 2 = X = 280 + 1600 = 1880
40 x 7 x 2 + 100 x 4 x 2 = X = 560 + 800 = 1360
80 x 7 x 2 + 50 x 4 x 2 = X = 1120 + 400 = 1520
Therefore, the dimensions for the entire area will give the cheapest cost for the entire fence are 40 feet in front, 100 feet on each side, and 40 feet on bottom.
The government carefully monitors horizontal mergers because t<span>he resulting single firm might gain monopoly power in its market, and the government doesn't want it to become a monopoly.</span>
Answer:
<em>A. True</em>
Explanation:
<em>A transaction may be an exchange of assets or services by one business for assets, services, or promises to pay from a different business.</em>
<em>(1) </em><u><em>Exchange of assets or services by one business for assets, services from a different business</em></u>
The exchange of goods or services only by two different businesses qualifies as a <em>barter transaction</em>. It doesn't include payment for the goods and services purchased in the form of money but includes payment only in the form of goods and services from the other business for the goods purchased by it.
<em>(2) </em><em><u>Exchange of assets or services by one business for promises to pay from a different business</u></em>
This type of transaction is a common transaction involving the purchase of goods and services by one business ( the buyer) from another and thereby making payment to the business from whom it has purchased goods and services (the seller).
The payment can be made immediately or in the future at a specified date mutually agreed upon by both the business parties.
Answer:
$600 million
Explanation:
On January 1, 2020, the balance of common stock & APIC
Common stock & APIC = Paid-In Capital + Share Capital raised by issuing 50 million shares at $20 per share - Treasury Stock
Here
Paid-In Capital is $500 millions
Issue of 50 million shares at $20
Treasury Stock is 20 million shares at $45 per share
By putting the values, we have:
Common stock & APIC = $500 million + $1000 million - (20 million shares * $45 per share)
Common stock & APIC = $1500 millions - $900 million = $600 million
