Answer:
c. Debit: Discount on notes payable, $41,884.
Explanation:
The journal entry is shown below:
Equipment $883,116
Discount on Notes payable $41,884 ($740,000 - $698,116)
To Notes payable $740,000
To Cash $185,000
(Being the amount paid in cash and note payable is recorded)
Working note
= Note payable amount × PVF factor at 6% for one year
= $740,000 × 0.94340
= $698,116
For recording this we debited the equipment as it increased the assets and discount is always debited while the note payable and cash is credited as it increased the liabilities and reduced the assets
C
medical equipment is an essential material
Answer: The opportunity cost of moving from point B to point C is the 2 units of butter that are given up to gain 1 additional gun. When an economy is producing at a point on its production possibilities curve, the economy is using its resources fully and efficiently, e.g. .
Answer:
9.04%
Explanation:
The computation of firm's WACC is shown below:-
MV of equity = Price of equity × Number of shares outstanding
= $68 × 12,200
= $829,600
MV of Bond = Par value × bonds outstanding × Percentage of par
= $1,000 × 370 × 0.951
= $351,870
MV of firm = MV of Equity + MV of Bond
= $829,600 + $351,870
= $1,181,470
After tax cost of debt = Cost of debt × (1 - Tax rate)
After tax cost of debt = 5.99 × (1 - 0.39)
= 3.6539
Weight of equity = MV of Equity ÷ MV of firm
= $829,600 ÷ $1,181,470
=0.7022
Weight of debt = MV of Bond ÷ MV of firm
= $351,870 ÷ $1,181,470
= 0.2978
WACC = After tax cost of debt × Weight of debt + Cost of equity × Weight of equity
= 3.65 × 0.2978 + 11.33% × 0.7022
= 9.04%
Answer:
Lobby
Explanation:
The term lobby refers to a group of people who band together and try to influence people in public office and politicians.
