Answer:
Howe receives $304,500 from the issue
Explanation:
The bond issue price is made up of the 99% price plus the interest accrued from the last date of interest payment to the date of bond purchase.
The amount to be received from the bond issuance is calculated thus:
99% price 300*$1000*99% $297,000
Accrued interest 3/12*10%*$1000*300 $7,500
Total amount received from the issue $304,500
Since the next payment of interest would be paid to the buyer,it is expected that the buyer pays the seller for interest accrued on the date of purchase that would eventually be paid to the buyer
The correct entry to write off a $400 receivable owed by Ajax Co. using the Direct Write-Off Method would be: Debit Accounts Receivable-Ajax and credit Allowance for Doubtful Accounts for $400. Debit cash $400 and Credit Accounts Receivable $400.
Explanation:
Debit Credit
Cash $84,000
Common stock $70,000
Paid-In Capital in Excess of Par Value $14,000
It's necessary to split the equity in two accounts because there is information about the par value
Promotion Expenses $49,000
Common Stock $3,500
Paid-In Capital in Excess of Par Value $45,500
It's necessary to split the equity in two accounts because there is information about the par value
Promotion Expensese $49,000
Common Stock $49,000
It's not necessary to split the equity in two accounts because there is no information about the par value
Cash $136,500
Preferred Stock $87,500
Paid-In Capital in Excess of Par Value $49,000
It's necessary to split the equity in two accounts because there is information about the par value
The answer is No and their choice
A free market is a market with No government restrictions on how a good or service can be produced or sold and with their choice.
What is Free market ?
- The free market is an financial framework
- based on supply and request with small orno government control.
- It could be a outline depiction of all intentional trades that take put in a given financial environment.
- Free markets are characterized by a unconstrained and decentralized arrange of courses of action through which people make financial decisions.
- Based on its political and lawful rules, a country's free showcase economy may run between exceptionally huge or totally unlawful.
To know more about Free market visit:
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Answer:
see below
Explanation:
Two employees with the same gross pay will have different net pay because of differences in deductions. Net pay is the amount that reflects in the employee's bank account after all deductions. Involuntary deductions are mandatory and comprise statutory deductions such as social security, medicare, taxes, or others prescribed by the state or the courts. To a large extent, employees with similar gross pay will have the same statutory deductions.
Voluntary deductions are employee-initiated. They include mortgages, retirement plans, medical, life assurance, dental, and general insurance. These deductions are not uniform. Each employee will have a different amount deducted depending on their preferences. Voluntary deductions contribute significantly to two employees with the same gross pay to have different net pay.
