Answer:
The amount of $2,149.14 will be recorded on June 30, 2018 , the first interest payment date.
Explanation:
The data below were extracted from the above information
Face amount $81,000
rate 5%
Issue price $71,638
Yield 6%
Since we already know that interest is paid semi annually, then ;
Amount of interest expense will be = issue price × yield
= $71,638 × 6% × 1/2
= $2,149.14
Amount of interest expense is therefore $2,149.14, to be recorded on June 30, 2018, the first interest payment date.
Answer:
Bring together complimentary skills
Explanation:
Forming strategic alliances is an act of bring together resources in order to gain economies of scale and complimentary skills as well.
This may be particularly necessary when an organization wants to go into a new project but some required resources are in deficient.
It is all about identifying a potential partner that will be able to fill in the void , making proper research to confirm assumptions and observations and subsequently meetings and discussions.
The expected value in terms of repair cost for this purchase is $40.
Repair cost manner fees and expenses are fairly essential or acceptable due to normal wear and tear, periodic replacement, vandalism, damage, or destruction of any part of the ability property, and shall now not encompass operating fees.
First, bring together the entire listing of substances wished, and report a high and occasional price estimate for each. as soon as it really is carried out, add each column of numbers to get the whole cost for each high and coffee. Then upload the two totals, after which divide with the aid of to get the common price.
Repair cost and substitute mean all non-routine, non-repetitive activities, repairs or substitutes of systems, equipment, or device required for continuity of operations, safety, and running overall performance this is vital to prevent or correct a failure of the Pelletier Facility and which aren't protected as a component.
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Answer:
Partnership
Explanation:
Partnership is the arrangement where two or more business partners agree to cooperate in order to advance their mutual interests. The partners in partnership may be businesses, individuals, interest-based organizations, governments, schools or combinations.
In the partnership business, all the partners share the liabilities and the profits equally,
The coffee shop that the guys Franklin, John, Henry, and Harry have decided to start is partnership because each member in the business is personally liable for any kind of the losses that business generates.
Answer:
Debit Supplies expense $5,550
Credit Supplies account $5,550
Explanation:
The movement in the balance of supplies at the start and end of a period is as a result of usage and purchases. While usage reduces the balance in supplies, purchases increases the balance. This may be expressed mathematically as
Opening balance + purchases - units used = closing balance
The adjustment required is for the recognition of supplies used. When supplies are purchased, Debit Supplies account, credit cash or accounts payable. On use of supplies, Debit Supplies expense, credit Supplies account
$1506 + $4,478 - units used = $434
Units used = $1506 + $4,478 - $434
= $5,550