Answer:
Explanation:
April 2
Dr Cash 34,830
Dr Equipment 15,540
Cr Owner's capital 50,370
April 2
no entry
April 3
Dr Supplies 830
Cr Accounts payable 830
April 7
Dr Rent expense 630
Cr Cash 630
April 11
Dr Accaunts receivable 1360
Cr Service Revenue 1360
April 12
Dr Cash 3940
Cr Unearned service revenue 3940
April 17
Dr Cash 2950
Cr Service Revenue 2950
April 21
Dr Insurance expense 150.30
Cr Cash 150.30
April 21
Dr wages expense 1280
Cr Cash 1280
April 30
Dr Supplies expense 130
Cr Supplies 130
April 30
Dr Equipment 7000
Cr Owner's capital 7000
Answer:
a) Zero coupon bond does not pay periodical interest and formula to compute the value of a zero-coupon bond:
Value = Face Value / (1 +Yield / 2) ** Years to Maturity * 2
b) Interest deduction
After 1 year bond value from the above equation is 437.08
437.08 - 411.99 = 25.09
In the 14th year bond value from the above equation is 942.60
1000 - 942.60 = 57.40
c) Straight Line Method
Total Interest Paid = 1000 - 411.99
= 588.01
For yearly calculation
588.01 / 15 = 39.21
Further computation is done in the image below.
Answer: The Break-Even Point will reduce from $4,285.71 to $4,125
Explanation:
To get the Break-Even Point we can divide Fixed Assets by the Contribution margin.
The Contribution Margin is the Selling Price minus the Variable Cost.
For Scenario 1 the Break-Even Point will be,
= 15,000 / ( 6 - 2.50)
= $4,285.71
For Scenario 2 the Break-Even Point is,
= 16,500 / 6.5 -2.5
= $4,125
The Break-Even Point for Scenario 2 means that even though the higher Fixed Costs could have led to a higher Break-Even Point, the higher price contributed more than the fixed costs did and led to an ultimately lower Break-Even Point than the first Scenario.
Answer:
Answer D.
Explanation:
Job specialization is needed when we want to be sure that specific job is performed by the person who have desired skills. In large organization its needed to structure teams, to assign tasks to people with right skills, to deliver work in efficient way.
