Answer:
THA would record a gain of $1,370 on 12/31/2021
Explanation:
Particulars Amount ($)
Carrying value of bonds after the interest payment on 12/31/2021 385,816
Less: Amount paid on redemption on 12/31/2021 (384,446)
Gain on redemption of bonds 1,370
Entry would be-
Date Account titles and Explanation Debit ($) Credit ($)
12/31/2021 Bonds payable 385,816
Cash 384,446
Gain on redemption of bonds 1,370
(To record redemption of bonds)
Answer: a. No, because Clarissa didn't meet all the requirements of the offer,
Explanation:
With regards to the information provided in the question, the offer won't be accepted because Clarissa didn't meet all the requirements of the offer.
Since Calvin told Clarissa that she can only accept the offer by mailing the money to arrive by September 2 at his university mailbox but the money eventually arrives in the mailbox by August 30th, although Calvin doesn't retrieve his mail alongside the payment until September 4th.
Answer:
$13232.50 should be set aside each year
Explanation:
given data
save = $2 million
by time = 65 year
today age = 22
interest rate = 5%
to find out
how much must you set aside each year to make sure that you will have $ 2 million
solution
we know here number of payment will be
no of payment = 65 - 22 + 1
+1 is add here because 1st payment is today
no of payment = 44
so future value formula is
future value = present payment .............1
put here value here r is rate and t is no of payment
$2 million = present payment
present payment = 13232.50
so $13232.50 should be set aside each year
Answer:
cash income paid to a day laborer that is not reported to the tax authorities
Explanation:
GDP stands for Gross domestic product. It is the monetary value of all finished goods and services made within a country during a specific period.
It is calculated as GDP = private consumption + gross investment + government investment + government spending + (exports – imports).
Hence, cash income paid to a day laborer that is not reported to the tax authorities will not be included in GDP