Answer:
Interest revenue year 1 $270
interest revenue year 2 $ 90
Explanation:
To solve for the interest revenue we have to do:
principal x rate x time
being rate and time express in the same metric
As the rate is annual then, time should be expressed as the portion of the year.
<u>Year 1</u>
time: From April 1st to Dec 31th -->9 months
6,000 x 0.06 x 9/12 = 270 interest revenue
<u>Year 2</u>
time: From Jan 1st to March 31th --> 3 months
6,000 x 0.06 x 3/12 = 90 interest revenue
Answer:
a. individualism.
Explanation:
Individualism is where policies are made that limits the power of the government and allows for more power of the private individual. It is a set of principles that favours the moral worth of the individual, self reliance and independence is promoted.
Individualism believes that of the individual is prosperous eventually the economy will become better off.
People do not depend on the government for support such as welfare
Answer: a. $648,125
b. $551875
Explanation:
a. Using the implied selling price of 129 5/8. what are the issuer's cash proceeds from issuance of these bonds?
Bonds Face Value = $500,000
Cash Proceeds will then be:
= 129.625% × $500,000
= $648,125
b. What total amount of bond interest expense will be recognized over the life of these bonds?
20 payments of $35000 = $700000
Pee value at maturity = $500000
Total repaid = $1200000
Less: Amount borrowed = $648125
Total bond Interest expense = $551875
Answer:
$15,000
Explanation:
Year 2
Opening inventory = $8,000
Purchases = $10,000
Sales = $15,000 (cash received = $20,000)
Inventory count at year end = $1,000
Amount to be written to p/l = 8000 + 10000 - 1000
= $17,000
However, the cost of goods sold is $15,000 while the remaining $2,000 is recognized as inventory write down.
Answer:
a. Copy the range of cell D7:D9 then select cell D6 and paste the selection with date format selected. The function will be represented in formula bar with adding +4;365 days.
b. Copy the range of cell D7:D9 then select cell D6 and paste the selection with date format selected. The function will be represented in formula bar with adding -3;365 days.
c. In the formula bar type =365 days; +2 : E6
d. In the formula bar type =365 days ; +2 : C6
Explanation:
Excel is a software which helps the users to easily calculate complex calculation with just one function input. The users can create worksheets using the excel and then link those worksheets with each other. The data can be displayed in the form of table or simple text. It has multiple options to create annual day wise filtered worksheets.
