Answer:
$337.50
Explanation:
Given that
Three year insurance policy = $1,350
So, the insurance expense on an annual basis would be
= Three year insurance policy ÷ number of years
= $1,350 ÷ 3 years
= $450
For April 1 to December 31, the months is 9 months
So, for 9 months, it would be
= $450 × 9 months ÷ 12 months
= $337.50
We assume the premium is paid on April 1
Answer:
$960,000
Explanation:
The net realizable value is the total cash that the company will expect to receive from their accounts receivable. The net realizable value (NRV) can be determined by:
NRV = total accounts receivable - allowance for doubtful accounts = $1,000,000 - $40,000 = $960,000
Answer:
yes I would agree why does this need to be 20 characters
Answer:
Explanation:
- The bond was issued under this conditions:
$25,000,000 7.8%
Period Capital Interest
2017.I $25,000.000 $ 975.000
2017.II $25,000.000 $ 975.000
- But the market accept under this conditions.
$24,505,180 8%
Period Capital Interest
2017.I $24,505,181 $ 980,207
2017.II $24,505,181 $ 980,207 $1,960,414
- The company recognized interes by $1,960,414
Consumers pay less in interest, meaning more money to spend. It creates a ripple effect of increased spending throughout the economy
