Answer: Bandwagon Effect
Explanation:
The bandwagon effect is simply used to describe a scenario that occurs when people behave in certain ways simply because others are doing the same thing.
In this case, when currency traders move as a herd in the same direction at the same time, such as what occurred when George Soros bet against the British pound, this shows that a bandwagon effect occured.
Answer:
Cash proceeds is $201,250.00
Explanation:
The cash proceeds derived from issuing the bonds can be computed as follows:
cash proceeds=87.5%*$230,000=$201,250.00
Total interest expense on the bond is $212,519 as contained in the attached bond amortization schedule
The first payment=$201,250*10%*6/12=$10,063 as it also found in the attached
Sponge bob skuirt pants !!!!!
Given:
Original cost of contributed equipment : 125,000
Accumulated depreciation of contributed : 100,000
Value of similar equipment : 150,000
Agreed upon valuation of contributed equipment : 29,000
The amount that should be debited to the equipment account is 29,000.
It is the current value of the contributed equipment as agreed upon by the partners.
It’s the value of the next best alternative when a decision is made, so not the first desired choice, but the second one
