Answer:
Tom is responsible for his negligence.
Explanation:
Tom was a flower delivery so he should have a valid driving license. The florist was on his delivery route and he just stopped to take a water bottle. Since he might be in hurry as flowers are perishable and it is responsibility of the delivery man to deliver the flowers fresh to its customers. He took an illegal turn in hurry and hit the motorcycle. The motorcyclist can claim the repair expense from tom since it is his negligence.
Answer:
B so it said 20 characters tooblong and dont copy th rokffkmf
Answer:
Land amount= 367,990
Interest amount= 149,010
Explanation:
this question can be solve applying the concept of future value, as it is a zero interest or zero coupon it only, it means the bond does not pay money in the time, so
where FV is future value, PV is the present value, i is the periodic interest rate and n is the number of periods. So applying to this particular problem we have:
solving we have PV=367,990
so the land value is 367,990 and the interest expenses are 517,000 - 367,990=149,010
<span>1. journalize the entry to record the amount of cash proceeds from the issuance of the bonds on july 1, 2016.
Cash 42,309,236
Discount on bonds payable 3,690,764
Bonds payable 46,000,000
</span><span>2. journalize the entries to record the following:
a. the first semiannual interest payment on december 31, 2016, and the amortization of the bond discount, using the straight-line method. (round to the nearest dollar.
Interest Expense 2,327,007.98
Discount on Bonds Payable 92,269.10
Cash 2,234,738.88
b. the interest payment on june 30, 2017, and the amortization of the bond discount, using the straight-line method. (round to the nearest dollar.
</span>nterest Expense 2,327,007.98
Discount on Bonds Payable 92,269.10
<span> Cash 2,234,738.88
</span><span>
3. </span><span>determine the total interest expense for 2016.
</span>42,309,236 x 11% = 4,654,015.96 annual interest expense
4,654,015.96 x 6/12 = 2,327,007.98 semi annual expense
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