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3 years ago

When was soccer created?

Business

1 answer:

pychu [463]3 years ago

5 0

Mid 19th centuries. Although China claimed it was played centuries before.

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"On January 1, MM Co. borrows $360,000 cash from a bank and in return signs an 8% installment note for five annual payments of $

scoray [572]

Answer:

1.Jan 01 Dr Cash 360,000

Cr Notes payable 340,000

2.Interest expense 28,800

Principal Reduction 61,364

Explanation:

MM Co.

1 . Journal entry

Since MM Co. borrows $360,000 cash on January 1 from a bank this means we have to

Debit Cash with the amounts of money he borrowed which is $360,000 and Credit Notes Payable with the same amount.

Jan 01 Dr Cash 360,000

Cr Notes payable 340,000

2. Calculation of the amount goes toward interest expense and Principal reduction

Interest expense 28,800

(360,000*8%)

Principal Reduction 61,364

(90,164-28,800)

5 0

3 years ago

What is an example of a flame

solong [7]

If you mean like anY kind of example of flame, a lighter flame is a good example.
Anything that uses gas to emit a flame

6 0

3 years ago

During the month of February, Rubio Services had cash receipts of $7,900 and cash disbursements of $9,400. The February 28 cash

Nana76 [90]

Answer:

The begining cash balance = $4100

Explanation:

Given:

Cash receipts = $7900, Cash disbursements = $ 9400, Ending cash balance = $2600.

<u>To find out the cash balance at the begining of the month, the following is to be used </u>

Begining Cash balance = Ending cash balance + cash disbursements - cash receipts

Putting the given figures in this we get,

Begining Cash balance = $2600 + $9400 - $7900

= $4100

7 0

3 years ago

On December 31, 2021, Interlink Communications issued 6% stated rate bonds with a face amount of $119 million. The bonds mature

Tamiku [17]

Answer:

Price of the bond is $104,236,860.

Explanation:

Given:

Coupon rate is 6% or 0.06

Face value = $119,000,000

Coupon payment each year = 0.06×119,000,000

= $7,140,000

Yield to maturity = 7% or 0.007

Maturity period = 30 years

Price of bond = Present value of face value + present value of coupon payment (annuity)

Price of bond = $119,000,000_{(PV\ 30,0.07)} + 7,140,000_{(PVA\ 30,0.07)}$

PV of $1 for 7%,30 periods = 0.1314

PVA of $1 for 7%,30 periods = 12.409

Substitute the values in above formula:

Price of bond = (119,000,000 × 0.1314) + (7,140,000 × 12.409)

= 15,636,600 + 88,600,260

= $104,236,860

There will be slight difference in final answer as present value table is used. Excel spreadsheet gives an accurate answer.

So, price of bond is $104,236,860

8 0

3 years ago

Ruby, age 50, is considering going back to school. She would like to retire at age 67. She currently earns $50,000 per year. If

weeeeeb [17]

Answer:

Ruby should go to college.

Explanation:

Ruby is currently 50 years old and earning $50,000 per year.

She would like to retire at 67.

She is thinking of going back to college, to complete a graduate degree.

After completing a graduate degree from the college she would earn $55,000.

The total cost of a graduate degree is $75,000.

Ruby still has 17 years to work and earn.

Her income will increase by $5,000 after college

The increase in income earned after college until retirement

= $5,000 $\times$ 17

= $85,000

Since the increase in income is greater than the cost of going to college, Ruby should go to college.

4 0

3 years ago