Answer:
bond's selling price is $6154
Explanation:
given data
face value = $5,000
interest = 8 % of face value
rate = 6.5 %
to find out
bond's selling price
solution
we find interest that is
interest = 8 % of face value
interest = 8 % × 5000
interest = 400
so we consider bond selling price is x
so
bond selling equation will be
interest = rate × bond selling price
400 = 0.065 × x
x = 6154
so bond's selling price is $6154
Answer:
o identify the reasons for switching of clients to B&S , we shall first examine our weaknesses and loopholes toward the valuable clients. It will give us some basics like pricing policies, benefits to the clients, strongest part of our immediate competitor, style of our services team and managers etc.
After knowing the possible reasons of customers switching to other business, i will start improving our offerings. I will make a team of client service officers who will carefully contact the existing as well as older clients and make them assure to reorder with our business as our offerings have more advantages to them. We shall offer them cost advantage, product's increased benefits, revival of their plans and requirements and door step delivery and 24×7 hours services. I will give competitive discounts on bulk order . Even , we shall give them better credit facilities which will attract more clients to associate with our offerings.
I think that clients will again back for our products and services . We shall welcome them again with improved products and services. I hope that the sales turnover and market share of our organization will increase day by day with respect to our immediate competitor.
Answer:
$17,000
Explanation:
The computation of the amount of the depreciation expense using the straight-line method is shown below:
= (Purchase value of an equipment - estimate salvage value) ÷ (useful life)
= ($90,000 - $5,000) ÷ (5 years)
= ($85,000) ÷ (5 years)
= $17,000
All other information which is given is not relevant. Hence, ignored it
Answer:
$25,400
Explanation:
Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.
The movement in the retained earnings balance may be expressed as
Opening balance + net income - cash dividend paid = closing retained earnings balance
Cash dividend declared - Cash dividend paid = Cash dividend payable
$49,000 - Cash dividend paid = $23,600
Cash dividend paid = $49,000 - $23,600
= $25,400
Answer:
See below
Explanation:
The net realizable values are as follows
ai For accounts receivables
Ending balance of account receivables = Beginning balance of account receivables + Credit sale - Collections uncollectible amount
= $187,800 + $860,400 - $687,720
= $360,480
aii For allowance for doubtful debt
= Beginning balance + Previously written off amount - Uncollectible amount + Bad debt expense
= $9,630 + $2,859 - $7,381 + $18,412
= $23,070
