Answer: Indirect
Explanation: the indirect method reports net income then adjusts it.
Answer:
caring value of bond liability is $48000
interest expense = $3547
annual coupon = 3500
amount of bond discount amortization is $47
Explanation:
given data
face value = $50,000
bonds issue = 96
discount = 4%
time = 20 year
interest = 7%
effective rate of interest = 7.389%
to find out
compound annual coupon
solution
we have given face value and discount 4 %
so issue price will be
issue price = 96% of face value
issue value = 96% × 50000 = $48000
and
interest expense is here by effective interest rate is
interest expense = 7.389% of $48000
interest expense = $3547
and
annual coupon is here
annual coupon is 7% of face value
annual coupon = 7% × 50000
annual coupon = 3500
and
amount of bond discount amortization is 3547 - 3500 = $47
Answer:
Promissory Estoppel
Explanation:
Promissory estoppel states that a person who has promised to fulfill a contract cannot go back on the promise even if consideration was yet to be given. The affected party can file suit against the party who refused to fulfill his promise and can claim damages.
Promissory estoppel was created to protect parties under contract from incurring damages due to backing off by the other party. Here, Suzy can sue George on the basis of promissory estoppel.
Answer:
B. Being unwilling to sell a painting that you already own
Explanation:
Endowment effect is when individuals value things they own more highly than things they don't own. The endowment effect postulates that individuals are unwilling to exchange things they own for something else of equal value.
The amount people would be willing to accept in exchange for the good they own is usually very high compared to the true value of the object they own.
I hope my answer helps you.
Which three factors make starting a business a highly risky investment? My answer would be points B, C and E.
