Answer:
accrued interest owed at the end of the year = $400 x interest rate x 6/12 months
the interest rate was not given, but we can assume that it was 5% just as an example:
total accrued interest expense = $400 x 5% x 6/12 = $10
the journal entry would be
December 31, 2021
Dr Interest expense 10 million
Cr Interest payable 10 million
The level of productivity is now approximately 40.6 boxes/hr
<h3>
What is Productivity</h3>
Productivity refers to a ratio between a output volume and volume of input.
<u>Given data</u>
Working hours = 2*8 hours = 16 hours
New productivity = 500 + 0.3*500
New productivity = 650 box/day
New productivity =650/16 box/hour
New productivity = 40.625 box/hour
Hence, the level of productivity is now approximately 40.6 boxes/hr
Therefore, the Option B is correct.
Read more about productivity
<em>brainly.com/question/2992817</em>
Answer:
The correct answer is letter "C": the equilibrium level of employment reached after all wages and prices have fully adjusted.
Explanation:
Full Employment is a situation in which all available human resources are utilized at their highest degree. Each worker is in a job where that worker has his or her more productive use and benefit to the aggregate economy. Full employment is usually achieved in a robust economy when employment reaches its equilibrium point after wages and price adjustments, but can potentially be achieved in any economy.
Answer:
B. Paying city inspection fees for new equipment
Explanation:
Capital expenditure is an expense incurred by the business to maintain its fixed assets with an objective to increase its efficiency. Any additions and improvements in fixed assets is an capital expenditure.
City inspection is required to evaluate the working condition of the asset and any fees paid for it, is a capital expenditure.
Interest payment on construction bonds, lease rental payments of assets and mortgage interest on asset is a liability payable in intervals and all they are operating expense and not considered to be capital expenditure.
Answer:
Dr Cash $208,000
Cr Bonds payable $200,000
Cr Premium on bonds payable $8,000
Explanation:
Preparation of the journal entry to record the sale of these bonds on June 1,
Based on the information given we were told that the company issues the amount of $200,000 at 104 which means the that the journal entry to record the sale of these bonds on June 1 will be:
Dr Cash $208,000
(2,000 × $104)
Cr Bonds payable $200,000
(2,000 × $100)
Cr Premium on bonds payable $8,000
(2,000 ×$4)
Note:-
$200,000/100 =$2,000