I really going to see if I can help you hold on????
Answer:
12.51%
Explanation:
after the first 6 years, you will have:
FV = PV (1 + r)ⁿ
FV = $8,500 (1 + 6%)⁶ = $12,057.41
If you need to have $19,320 in 4 years, then you must determine r:
$19,320 = $12,057.41 (1 + r)⁴
$19,320 / $12,057.41 = (1 + r)⁴
1.6023 = (1 + r)⁴
⁴√1.6023 = 1 + r
1.1251 = 1 + r
1.1251 - 1 = r
0.1251 = r
r = 12.51%
Answer:
a) Bonds Payable.
Explanation:
Since there is an issue of bonds as against cash, which need to be paid back in future, amount received will be credited to bonds payable.
Further the purpose of bonds will always be to acquire a capital asset as bonds are issued for long term finance generally, therefore, the bonds will be credited as bonds payable, rather than capital contributions.
Though a general note in notes to account can be added clearly specifying the purpose of issue of bonds.
a) Bonds Payable.
Answer:
Susan will have to pay $525 for her health insurance.
Explanation:
The total amount paid to the health insurance is $200 by Susan and $325 by the employer which summed up to $525.
As now the employer is no longer paying the amount for the health insurance, so now Susan has to pay $525 herself for the health insurance.