Answer:
Walter company Journal $
Date
Bond investment Dr 1,000,000
Bond premium Dr 50,000
Bank Cr. 1,050,000
Narration. Bond retirement at a premium of 5% over par.
Explanation:
The bond investment account is kept fixed at the amount at which it was subscribe, the corresponding interest are debited to income statement on payment to the bond holders.
In the same vein the retirement of the bond at a premium represents an expenses to the firm which has to be debited to the income statement on payment to the bond holders.
Answer: $403.20
Explanation:We use a mortgage calculator to calculate the interest paid in the final payment. Since each repayment is made at the end of year, the repayments are annual payments. So, the calculator should have an annual amortization schedule to solve the problem.
I used
http://www.calculator.net/loan-calculator for the calculation because it has an annual payment schedule. Then, I went under the subtitle
Paying Back a Fixed Amount Periodically because the payments are equal. In that online calculator, I just input these data:
- Loan Amount: $12,000
- Loan Term: 4 (Loan term is number of years to pay the loan)
- Interest Rate: 11.5%
- Compound: Annually (APY)
- Pay Back: Every year
Then, I clicked the
calculate button and view amortization table. The annual amortization schedule is attached in this answer.
To determine the interest paid at the final payment, I looked at payment #4 because the final payment is at the 4th year. (The loan is paid in 4 annual payments).
As seen in the attached image, the interest paid in payment #4 is $403.20. Hence, the interest paid in the final payment is
$403.20.
Answer:
C. Spencer will win because regardless of whether Glen was acting within the scope of his employment, Sally is liable for his negligence
Explanation:
Spencer will win the lawsuit and Sally is liable for negligence.
This is because, Sally was the person originally hired to do the roofing job.
She hired other workers to help her with the job, so she's liable to their actions and inactions.
Sally is operating under a working agreement (contract) and has already charged a fee of $10,000 so any punitive damages would be her responsibility.
Spencer was moving around and Glen threw some roofing shingles without any word of warning to people that might be in harm's way. So for Glenn's actions, Sally is liable for his negligence.
Answer:
$1,101.32
Explanation:
Simple interest accounts balances are calculated using the following formula
A = P ( 1 + rt)
where:
A = final account balance
P = starting balance
r = interest rate (annually) percentage divided by 100
t = years
Therefore, we can plug in the values provided in this formula and solve for P which would be the amount that Kremena needs to deposit.
1,250 = P ( 1 + (0.045 * 3))
1,250 = P * 1.135 ... divide both sides by 1.135
1,101.32 = P
Finally, we can see that Kremena would need to deposit a total of $1,101.32 to have the amount that she wants after 3 years.
Answer:
based on the economics , the one that should be the most influential in making the decisions is : the value of resources The value of resources refer the one's capability in spending their resource to get what they want. An entity with low amount of resources , tend to be more careful about how they spent their resource Hope this helps. Let me know if you need additional help!
Explanation: