Seen as it may be 1 of there first jobs you can pay them less because they don't have as much experience as someone has has worked in the job for years
Since the question says you have $1,000 to spend or save you have to put what are the risks, advantages and disadvantages you might have with a,b,c and d
So you would simply need to set up a formula and solve
X= beginning cash
X+ income - expenses = cash balance
income = cash receipts (7,500)
expenses = cash disbursements (8,600)
Cash Balance = 1,800
Plug into the equation
X + 7,500 - 8,600 = 1,800
Then you would solve for X
Answer:
2,000 loss on redemption
Explanation:
the company will recognzie considering the current value of the bonds, thus the carrying value:
as the face value is lower than carrying value there is a discoutn for the difference: 104,000 - 98,000 = 6,000
When we compare the cash outlay with the carrying value we sovle for the redemption result:
98,000 bonds are paid at 100,000 therefore 2,000 loss
bonds payable 104,000 debit
loss on redemption 2,000 debit
discount on BP 6,000 credit
cash 100,000 credit
