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3 years ago

When you should send an email

Business

2 answers:

Greeley [361]3 years ago

8 0

B. When the subject matter is objective and informative

irina1246 [14]3 years ago

4 0

It would be A when the subject matter is extremely private

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The City of Lora issued $5,000,000 of general government, general obligation, 8%, 20-year bonds at 103 on April 1, 2017 20X7, to

spin [16.1K]

Answer:

$200,000

Explanation:

The value of the government obligation = $5,00,000, 8%, 20 years bonds payable at 103

Interest expenses = $5,000,000 * 8/100 * 6/12 = $200,000.

Thus, $200,000 will be reported as debt service expenses in the fiscal year 20X7.

8 0

3 years ago

Which of the following choices is not an example of a common payroll deduction?

Zepler [3.9K]

Answer:

Explanation:

3 0

4 years ago

Pension data for David Emerson Enterprises include the following: ($ in millions) Discount rate, 10% Projected benefit obligatio

Gelneren [198K]

Answer:

$123

Explanation:

Calculation to determine the service cost component of pension expense for the year ended December 31.

PENSION BENEFIT OBLIGATION

Beginning of the year Projected benefit obligation $360

Service cost ?

Interest cost $36

(10%*360)

Loss (gain) on PBO $0

Less: Retiree Benefits ($54)

End of the year Projected benefit obligation $465

Hence,

SERVICE COST= ($465-$360-$36+$54)

SERVICE COST= $123

Therefore the service cost component of pension expense for the year ended December 31 will be $123

5 0

3 years ago

Tom’s Grocery purchased 5 new cash registers for their new store and they paid $2,400 each for a total of $12,000 on August 1, 2

SVETLANKA909090 [29]

Answer:

c. Depreciation $1,000

f. Property, Plant and Equipment $12,000

Explanation:

Tom's Grocery purchased 5 new cash registers which amount $2400 each. They have useful life of 5 years. Using straight line depreciation the annual depreciation charge will be $2,400 / 5 which is $480 per year per cash register. There are 5 cash registers so total depreciation expense will be $480 * 5 = $2,400 per year for 5 registers.

The registers are bought on August 1st, 2013 and the year end is December 31st, 2013 there are 5 months, the depreciation expense will be prorated based on the months.

$2,400 * 5/12

$1,000.

3 0

4 years ago

Evergreen Corporation manufactures circuit boards and is in the process of preparing next year's budget. The pro forma income st

Monica [59]

Answer:

Operating Profit for next year will be $432,500

Explanation:

Particulars Current Year Next Year

Sales $3,500,000 $3,500,000 X 95%

= $3,325,000

Less: Costs

Material $500,000 $500,000 X 110%

= $550,000

Labor $250,000 $250,000 X 110%

= $275,000

Overhead $275,000 $275,000 X 110%

= $302,500

Fixed OH $600,000 $600,000 + $45,000

= $645,000

Gross Profit $1,875,000 $1,552,500

Less:

Selling & Administrative $750,000 $750,000 X 110%

= $825,000

Fixed Selling $250,000 $250,000 + $45,000

= $295,000

Operating Income $875,000 $432,500

Operating Profit for next year will be $432,500

5 0

3 years ago