Answer:
Journal Entries
1) Debit Salaries Expense $6,667 Credit Bank $6,667
2) Debit Fuel and Maintenance expense $600, Credit Bank $600
3) Debit Depreciation Expense $amount Credit Accumulated depreciation $amount
4) Debit Insurance Expense $amount Credit Bank $amount
5) Debit Benefit Expense $amount Credit Accrued Benefit Expense $amount
6) Debit Accounts Receivable ( total of all trips) $amount Credit Service Revenue $amount
Explanation:
The Question is incomplete but i will do the typical journal entries to the transactions without figures.
1) The salaries are for one month and in brackets there is a $80,000*1/12 calculation meaning the $80,000 is for the year, now if it was already recorded then we debit salaries payable $6,667 credit bank $6,667
4) Insurance expense is debited if it is paid as it is incurred but if it has an Prepaid insurance account then we credit the Prepaid insurance account instead of Bank.
Answer:
Card Verification Number
Explanation:
The card verification number is the additional code printed on the back of the debit or credit card. On most cards it is the last three digits printed on the signature strip located on the back of the card. On American Express (AMEX) cards, this is usually a four-digit code on the front of the card. Since this number is not embossed (like the card number), it is not printed on receipts, so it is unlikely that anyone, In addition to the actual cardholder, know him.
Answer:I wish fewer taxes were spent on health. Although health is an essential part of everyone's life
I feel there are more significant aspects of society that need to be addressed such as the Federal Debt or Veteran's Benefits.
I wish more taxes were spent on public maintenance at parks or any government places, mostly because the bathrooms are always filthy.
Explanation:
Answer:
Pre-tax cost of debt is 8.7%
After-tax cost of debt is 5.66%
Explanation:
the cost of debt financing before tax is the yield to maturity on the bond, which can be computed using the rate formula in excel.
=rate(nper,pmt,-pv,fv)
nper is the number of times the bonds pay s interest which is 15*2=30
pmt is the semi-annual interest of the bond:9.6%/2*$1000=$48
pv is the current market price of $1,120 minus 4% flotation cost i.e 1120*96%=$1075.2
Fv is the face of the bond at $1000
=rate(30,48,-1075.2
,1000)
rate=4.35% on semi-annual basis
rate =4.35%*2=8.7% on annual basis
after tax cost of debt =8.7%*(1-0.35)
=5.66%
Answer:
The Boston-Amsterdam round-trip travelers are more likely to be on business, whereas the multi-city travelers going to Greece are likely to be on vacation, and therefore more price-sensitive.
Explanation:
The customers with more price- sensitivity are charge less than the customers with less price-sensitivity. multi-city travelers are more likely to be on a tour of cities and the Boston-Amsterdam travelers are likely to be on business.
