Presented below is a partial amortization schedule for Discount Pizza.
(1) (2) (3) (4) (5)
P...
Business, 12.08.2020 09:01 loveuncondition
Presented below is a partial amortization schedule for Discount Pizza.
(1) (2) (3) (4) (5)
Period Cash Paid Interest Increase in Carrying Value
Issue date for Interest Expense Carrying Value
$63,948
1 $2,450 $2,558 $108 64,056
2 2,450 2,562 112 64,168
1. Record the bond issue and first interest payment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
2. Record the first interst payment.
3. Explain why interest expense increases each period.
Answers: 3
Another question on Business
Business, 21.06.2019 17:40
Sodas in a can are supposed to contain an average of 12 ounces. this particular brand has a standard deviation of 0.1 ounces, with an average of 12.1 ounces. if the can's contents follow a normal distribution, what is the probability that the mean contents of a six pack are less than 12 ounces?
Answers: 2
Business, 21.06.2019 20:40
Afirm that makes electronic circuits has been ordering a certain raw material 250 ounces at a time. the firm estimates that carrying cost is i = 30% per year, and that ordering cost is about $20 per order. the current price of the ingredient is $200 per ounce. the assumptions of the basic eoq model are thought to apply. for what value of annual demand is their action optimal?
Answers: 3
Business, 21.06.2019 23:30
Starting at age 30, you deposit $2000 a year into an ira account for retirement. treat the yearly deposits into the account as a continuous income stream. if money in the account earns 7%, compounded continuously, how much will be in the account 35 years later, when you retire at age 65? how much of the final amount is interest?
Answers: 2
Business, 22.06.2019 12:30
Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes
Answers: 2
You know the right answer?
Questions
History, 29.07.2019 00:30
History, 29.07.2019 00:30
Business, 29.07.2019 00:30
History, 29.07.2019 00:30
History, 29.07.2019 00:30
Mathematics, 29.07.2019 00:30
Computers and Technology, 29.07.2019 00:30
