A debit card is also know a(n)________
1 answer:
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Answer:
hello your question has a missing journal entry table attached below is the entry journal table completely filled
Explanation:
Amount of bonds acquired = 40% of original bond
i) Bonds payable = 40% * 1,300,000
= $520000
purchase price of bonds = $520000 * 96% ( FACE VALUE )
= $499200
hence the annual amortization
(bonds payable - purchase price of bonds ) / 10 years - 2 years
(520000 - 499200 ) / 8 = $20800/8 = $2600
ii) premium on bonds payable
$20800 - $2600 = $18200
cash amount = $520000 * 8% = $41600
intra entity expense and income table is attached below
from the table
iii) intra-entity interest expense = $39000 and the
iv) intra-entity interest income = $44200
v) investment in bonds
purchase price of bonds + annual amortization
= $499200 + $2600 = $501800
the book value on bonds as at 1st January 2011
=$1300000 * 105% = $1365000
Premium on bonds as at January 1st 2011
= $1365000 - $1300000 = $65000
amortization of premium as at January 1st 2011
=( ($65000) / 10 years ) * 2 years
= $13000
hence the controlling interest in bonds payable = $540800
vi) gains on retirement bonds
= $540800 - $499200 = $41600
attached below is the journal entry on 31st December 2013
Answer:
$1.07
Explanation:
The marginal cost measures the change in total cost of adding on more worker divided by the change in product for this additional worker (marginal product of labor). When adding one more worker, costs will increase by $80 (wage rate), while product will increase by 75. Therefore, the marginal cost is:
The marginal cost is $1.07.