Answer:
The amount that should appear in the Prepaid Subscription account for Otisco, Incorporated after adjustments on December 31 of the first year is <u>$2,295</u>.
Explanation:
From the question, we are given the following:
Amount of 36-month subscriptions = $3,060
Therefore. we have:
Monthly subscription = Amount of 36-month subscriptions / 36 months = $3,060 / 36 = $85
Number of months from April 1 to December 31 = 9 months
First year subscription = Monthly subscription * Number of months from April 1 to December 31 = $85 * 9 = $765
Balance in the Prepaid Subscription on December 31 = Amount of 36-month subscriptions - First year subscription = $3,060 - $765 = $2,295
Therefore, the amount that should appear in the Prepaid Subscription account for Otisco, Incorporated after adjustments on December 31 of the first year is <u>$2,295</u>.
Answer:
The correct answer will be; The person living in Anchorage has $50.80/CPI more than the person in Minneapolis.
Explanation:
Answer:
20 years
Explanation:
Current yield = 0.098375, so bond price can be solved from the following: $90/price = 0.098375 * price =
price = 90/0.098375
price = 914.87 dollars
To compute the remaining maturity
put these values in financial calculator
PV = 914.87, FV = 1,000, PMT = 90, i= 10; compute
<em>n= 20.0 years</em>
Answer:
the compensation expense for the year is $327,120
Explanation:
The computation of the compensation expense for the year is given below:
= (Number of stock options to be purchased × (1 - forefeiture percentage) × fair value per option)) ÷ 2
= (87,000 shares × (1 - 0.06) × $8)) ÷ 2
= $327,120
Hence, the compensation expense for the year is $327,120
The same should be considered and relevant too
Answer:
Bramble Enterprises' Income Statement is attached.
Explanation:
The inventory valuation losses determined by comparing the inventory at cost with inventory at the lower of cost and net realizable value.
In all cases, the net realizable values were lower than the costs. Therefore, the total costs were adjusted to show the loss in income.