The term that is being referred above is COUPON. The type of payment that Allison has received from her semiannual payment is called a coupon payment. This kind of payment resembles an interest that a bond holder receives once the bond matures.
Answer:
King = 29260
Boxer = 183740
Explanation:
The Distribution of Net income will be as follows.
Net Income $213000
<u>Less: Interest on Capital</u>
King 3000
Boxer <u>5550</u> (8550)
<u>Less: Salary</u>
Boxer <u>(125670)</u>
Residual Profit 78780
<u>Share of Profit</u>
King [78780 * 1/3] 26260
Boxer [78780 * 2/3] <u>52520</u>
<u />
King = 3000 + 26260 = 29260
Boxer = 5550 + 125670 + 52520 = 183740
Answer: $76
Explanation:
If Blue Wagon sells everything it produces, this means that the capacity of the factory is underutilised and so more goods can be produced.
The fixed cost for producing 3,000 tires will therefore be the fixed costs for producing 4,000 tires.
= 20 * 3,000
= $60,000
Total cost when 4,000 tires are produced is;
= Variable costs + fixed costs
= (38 * 4,000) + ( 14 * 4,000) + ( 9 * 4,000) + 60,000
= 152,000 + 56,000 + 36,000 + 60,000
= $304,000
Cost per tire;
= 304,000/4,000
= $76
Answer:
Idea is a thought and business opportunity is what job you want.
Explanation:
Answer:
Entries are given below
Explanation:
Requirement A: Purchase of New Carpet on April 30
DEBIT CREDIT
Carpet $18,000
Cash 18,000
Requirement B: Depreciation Entry
Calculation
Annual Depreciation = 18000/15years = 1200
8 Monthths Depreciation = 1200 x 8/12 = 800
8 months = 1 May to Dec 31
DEBIT CREDIT
Depreciation Expense $800
Accumulated Depreciation $800
