I would first see what they know and how much they know in order to see what to change and or improve. (the people who are accountants). Second i would make the changes that would benefit me as well as followers who would also benefit me so that way i will stay in power. Then the rest is up to you to see how long you can rule by making the right decisions with money.
Answer:
Cost of new machine:
= List price of new machine - Trade allowance + Fair value of old machine
= $16,000 - $9,000 + $6,000
= $13,000
Therefore, the journal entry is as follows:
Cost of new machine A/c Dr. $13,000
Accumulated depreciation (Book Value) A/c Dr. $4,000
Loss on exchange of machine A/c Dr. $2,000
To Old Machine (Book Value) $12,000
To Cash (16,000 - 9,000) $7,000
(To record the machine exchange)
A corporate bond would give the higher rate because it would be for a minimum term like say 1 year whereby the financial institution can lend out the money to someone else and from the interest on that can pay a significant return whereas interest on a chequing account will be very low since the balance will go up and down over a month or year so there is no guarantee to the financial institution of having the money long enough to earn some money on it.
Answer:
Army unnie !
Explanation:
Are excited for tomorrow ? I mean time is melting !!!
Answer:
which subject
Explanation:
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