On January 1, 2015, the date of issuance, the entry is:
2015
Jan 1
Cash 1,000,000
Bonds Payable 1,000,000
On each January 1 for 5 years, beginning 2015 January 1 (ending 2020 January 1), the entry would be (Remember, calculate interest as Principal x Interest x Time):
Jan 1
Bond Interest Expense ($1,000,000 x 10% x 1) 100,000
Cash 100,000
On January 1 (5 years later), the maturity date, the entry would include the last interest payment and the amount of the bond:
Jan 1
Bond Interest Expense ($1,000,000 x 10% x 1) 100,000
Bonds Payable 1,000,000
Cash 1,100,000
Answer: C. private benefits of regulation to DIs.
Explanation:
Private benefits are those that the parties involved in a transaction experience. The Government insuring deposits in Deposit Institutions (DIs) is as a result of regulation of those same DIs.
A private benefit to DIs is that the cost of deposit funds has been reduced because the Government now insures the deposits directly so banks do not have to significantly account for such anymore.
Answer:
$358,000
Explanation:
Calculation to determine how much cash should Sioux expect to collect during the month of April
April sales collected in April ($370,000 × 60%) $222,000
March sales collected in April ($340,000 × 40%) $136,000
Total cash collections in April $358,000
($222,000+$136,000)
Therefore the amount of cash that Sioux should expect to collect during the month of April is $358,000
C because I did a test that had that question
Answer: B. Increase monetary benefits for the use of solar panels.
Explanation:
The cost of installing the solar panels can be prohibitively expensive for most people which means that it would lead to them spending more money to install the solar panel.
If the government therefore wants to encourage people to install it, they should offer monetary benefits that would make people feel like they are getting some of the money they spent on the installation back.
