Answer:
Issued Bond was the liabilities for Transanomics Corp. It receives cash against the issuance of bonds.
Initial Journal Entry by Transanomics Corp.
Dr. Cr.
January 1, 2015
Cash $500,000
Note Payable $500,000
Answer:
Principle of anticipation
Explanation:
The principle of anticipation is a way to measure or calculate the value of a property. According to this rule the value of a property depends on the anticipated or expected income or cash flows the property can generate in the future. The higher the anticipated or expected income or cash flow the higher the value of the property will be. For example if a commercial building has a anticipated income of rent of $100,000 and the another building has an anticipated income of rent of $200,000, the building with the higher anticipated income will have a higher price if all other things are equal. In this case the anticipated annual rental income has a direct bearing on what the investor will pay for the property. So this is an example of the principle of anticipation.
The appropriate response is a cognitive artifact. A cognitive artifact is an artificial gadget intended to look after, show, or work upon data with a specific end goal to serve an authentic capacity. Intellectual ancient rarities are at the end of the day man-made things that appear to help or upgrade our psychological capacities, and a few illustrations are date-books, schedules, PCs, or essentially tying a string around your finger as an update.
Answer:
Marginal cost is greater than its average cost.
Explanation:
Given that,
Cost of producing 500 graphing calculators = $35,000
Cost of producing 501 graphing calculators =$35,080
Therefore,
The marginal cost = Cost of 501 graphing calculator - Cost of 500 graphing calculator
= $35,080 - $35,000
= $80
Average cost:
= $35,000 ÷ 500
= $70
Therefore, the marginal cost is greater than its average cost.