Business, 14.12.2019 00:31 19elbatawisaly

Kellerman company purchased a building and land with a fair market value of $525,000 (building, $300,000 and land, $225,000) on january 1, 2016. kellerman signed a 15-year, 10% mortgage payable. kellerman will make monthly payments of $5,641.68.

requirements:
1. journalize the mortgage payable issuance on january 1, 2016 (explanations are not required). prepare an amortization schedule for the first two payments.
2. journalize the first payment on january 31, 2016 (round to two decimal places).
3. journalize the second payment on february 29, 2016 (round to two decimal places.)
4. journalize the mortgage payable issuance on january 1, 2016 (explanations are not required). (record bits first, then credits. exclude explanations from any journal entries.)
5. prepare an amortization schedule for the first two payment. (round all numbers to the nearest cent.)

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 02:00

4. suppose that pollution in a neighborhood comes from two factories, with marginal benefit curves given by mb1 = 12 – p1 and mb2 = 8 – p2. the level of pollution in the neighborhood is given by p = p1 + p2. the government wants to limit pollution by instituting a pollution-rights market. the government’s desired level of p is 10, so it prints 10 pollution rights and offers them for sale to the firms.a)find the equilibrium selling price of a pollution right, as well as the allocation of rights (and hence pollution levels) across the two factories. b)repeat part (a) for the case where the government’s desired level of pollution equals 14. c)comment on the usefulness of a pollution rights market in achieving efficient levels of pollution abatement.

Answers: 2

Answer

Business, 22.06.2019 07:30

Select the correct answer. sarah works in a coffee house where she is responsible for keying in customer orders. a customer orders snacks and coffee, but later, cancels th snacks, saying she wants only coffee. at the end of the day, sarah finds that there is a mismatch in the snack items ordered. which term suggest data has been violated? a. security b. integrity c. adding d. reliability e. reporting

Answers: 3

Answer

Business, 22.06.2019 19:40

When a company produces and sells x thousand units per week, its total weekly profit is p thousand dollars, where upper p equals startfraction 800 x over 100 plus x squared endfraction . the production level at t weeks from the present is x equals 4 plus 2 t. find the marginal profit, startfraction dp over dx endfraction and the time rate of change of profit, startfraction dp over dt endfraction . how fast (with respect of time) are profits changing when tequals8?

Answers: 1

Answer

Business, 22.06.2019 22:20

David consumes two things: gasoline (q 1) and bread (q 2). david's utility function is u(q 1, q 2)equals70q 1 superscript 0.5 baseline q 2 superscript 0.5. let the price of gasoline be p 1, the price of bread be p 2, and income be y. derive david's demand curve for gasoline. david's demand for gasoline is q 1equals nothing. (properly format your expression using the tools in the palette. hover over tools to see keyboard shortcuts. e.g., a subscript can be created with the _ character.)

Answers: 1

Answer

You know the right answer?

Kellerman company purchased a building and land with a fair market value of $525,000 (building, $300...

Questions