Answer:
a. $58,800
b. $57,820
Explanation:
Generally, notes are issued on the discounted or face value. It is face value when the price of the note is the same as the face value while it is discounted when the price of the note is lower than the face or par value.
a. Since the note is issued on the face value of $58,800 , it means that the proceed is the same amount. The proceeds from a note that is issued, is that price at which the note is issued.
b. Discount value
= $58,800 × 10% × 60/360
= $980
Proceeds
= Face/par value of the note - Discount value of the note
= $58,800 - $980
= $57,820
Answer:
Point B
Explanation:
A "trough" in essence is just like a dip or a ditch. The answer is B because it is at the lowest point of that dip.
Answer:
accounts receivable processing
or
order department
A fund formed by periodically setting aside money for the gradual repayment of a debt or replacement of a wasting asset.
Answer:
correct option is $13,000
Explanation:
given data
leases office = $7,000 per month
Phoenix incurs = $65,000
yield benefits = 8 years
remaining on its lease = 5 years
solution
we know that The cost of leasehold improvement is depreciate whichever is less
(a) Remaining Lease Term
(b) estimated useful life of improvement
so Annual depreciation of Leasehold Improvement will be here
Annual depreciation of Leasehold Improvement = 
Annual depreciation of Leasehold Improvement = $13,000
so correct option is $13,000
