Answer: A. debit of $3,745 to Premium on Bonds Payable.
Explanation:
The carrying value of the bonds at redemption date is $103,745.
The bonds retired however, had a face value of $100,000.
The company therefore paid a premium on these bonds which is:
= 103,745 - 100,000
= $3,745
This amount will be debited to the Premium on Bonds Payable account.
Answer:
economic rent of $65,000
Explanation:
Economic rent is the amount of money paid in excess to a factor of production in excess of what is socially optimum
Economic rent = $150,000 - $85,000 = $65,000
Accounting profit= total revenue - explicit cost
Total revenue =price x quantity sold
Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
Without the regulation, economic profit would be driven to zero.
Answer:
C
Explanation:
They are the ones to use to products.
Answer:
$111,991.59
Explanation:
using a loan calculator, I found the following information:
principal $150,000
apr 5.65%
360 monthly payments of $865.85
total payments $311,707.33
total interest charged on the loan $161,707.33
principal $150,000
apr 4%
180 monthly payments of $1,109.53
total payments $199,715.74
total interest charged on the loan $49,715.74
if you choose the 30 year mortgage, you will pay $161,707.33 - $49,715.74 = $111,991.59
