help please!! :)
D 19 20 b) Use a NESTED IF statement with embedded AND and OR functions to calculate the Discount Rate (Column D) for each corresponding Sales Amount in column B. The Discount Rate is calculated using
Answers
To calculate the discount rate (Column D) based on the sales amount in Column B using a nested IF statement with embedded AND and OR functions, you can use the following formula in cell D2:
=IF(AND(B2>=0, B2<1000), 0, IF(AND(B2>=1000, B2<2000), 0.05, IF(AND(B2>=2000, B2<3000), 0.1, IF(AND(B2>=3000, B2<5000), 0.15, IF(AND(B2>=5000, B2<10000), 0.2, IF(AND(B2>=10000, B2<20000), 0.25, IF(B2>=20000, 0.3, 0)))))))
This formula uses nested IF statements with embedded AND functions to determine the appropriate discount rate based on the sales amount in Column B.
Here's a breakdown of the formula:
The outermost IF statement checks if the sales amount is between 0 and 1000. If true, it assigns a discount rate of 0.
If the sales amount is not within the first range, the formula moves to the next nested IF statement.
The next IF statement checks if the sales amount is between 1000 and 2000. If true, it assigns a discount rate of 0.05.
If the sales amount is not within the second range, the formula moves to the next nested IF statement.
The following IF statements check for sales amounts within the ranges 2000-3000, 3000-5000, 5000-10000, 10000-20000, and above 20000, assigning the respective discount rates of 0.1, 0.15, 0.2, 0.25, and 0.3.
If the sales amount does not fall within any of the specified ranges, the formula assigns a discount rate of 0.
You can then drag the formula down to apply it to the rest of the cells in Column D to calculate the discount rates for each corresponding sales amount in Column B.
Learn more about Discount here-
https://brainly.com/question/1548141
#SPJ4
D
b) Use a NESTED IF statement with embedded AND and OR functions to calculate the Discount Rate (Column D) for each corresponding Sales Amount in column B.
The Discount Rate is calculated using the following logic
20
21
22
If the Sales Amount > Sales Cutoff Value 1 ($19,000) OR the Region = 'North', then the Discount Rate=8% (H28): Else, if the Sales Amount > Sales Cutoff Value 2 ($13,000) AND the Region is 'East' then the Discount Rate = 12% (H29): Otherwise the Discount Rate 14% (H30).
23
24
25
Sales Amount
Region
Discount Rate
Criteria Area
26
$1,100
East
27
28
29
30
31
32
$12,000
East
$5,000
North
$10,000
South
$13,000
North
East
$25,000
$15,000
North
Sales Cutoff Value 1
$19,000
Sales Cutoff Value 2
$13,000
Discount % 1
8%
Discount%2
12%
Discount % 3
14%
North
33
East
19
Related Questions
Other than a car, what are some common large purchases that offer financing or payment options you should avoid? list at least two examples.
Answers
Housing expenses, medical bills, taxes are some common large purchases that offer financing or payment options you should avoid.
What is payment risks?The potential for payments to be made in part is referred to as a risk in payment systems. The impact can be quantified in terms of the degree of loss to value or the amount of trust in payment systems.
Risks can generally be divided into three categories: financial risk, non-business risk, and business risk.
The three biggest risks banks assume while handling our money are credit risk, market risk, and operational risk.
Payment risk, or more generally, the risk of loss brought on by some "payment event," is the risk of suffering a loss as a result of a contract default.
This danger exists for businesses that process a lot of online payments because stopping the payments and perhaps becoming a source of fraud can have a negative impact on the business.
The chance that any component of the payment, clearing, and settlement systems would fail due to insufficient or inadequate internal controls, human error, unfavorable external circumstances, or all three.
The institution must keep its credit exposure within allowable bounds in order to control credit risk.
A risk rating model that calculates how much a bank stands to lose on its credit portfolio is one efficient method. Additionally, the potential borrower's credit score and record are frequently taken into account when making loan selections.
Learn more about payment risks, here
https://brainly.com/question/17406764
#SPJ2
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
learn more about managers here
https://brainly.com/question/32150882
#SPJ11
Ill in the blanks to complete the marginal product of labor column for each worker. Labor output marginal product of labor (number of workers) (pizzas) (pizzas) 0 0 80 1 80 2 150 3 200 4 220 5 230
Answers
Labour output | Marginal Product of Labour (number of workers) | (pizzas) the table us attached below:
What is Labour?Labour is the work done in exchange for payment. It is a fundamental component of economic production and is essential to the functioning of modern societies. Labour can take many forms, including physical, mental, and emotional effort. It is typically divided into two categories: skilled and unskilled, with the former being more highly valued. Labour is typically provided by workers who are paid wages or salaries, although there are also forms of unpaid labour, such as voluntary work. Labour is an essential part of the production process and has a direct impact on economic growth. Labour is an important source of income for many households and is essential for the development of a healthy economy.
To learn more about Labour
https://brainly.com/question/98074
#SPJ1
\Why is it important to consider scholarships and grants before loans to pay for higher education?
Answers
Answer:
Explanation:
Scholarships and grants are monies that are given to the student for education. You DO NOT have to pay them back.
Loans can also be given for education costs but you DO have to pay them back. So, obviously, you want scholarships and grants before loans.
You work as a logistics director for an international mining equipment company. You coordinate the transportation and deployment of equipment for various mining sites around the world. You are reviewing global mining trends to better anticipate future needs. What is the trend in gold exploration?
Answers
As of my knowledge cutoff in September 2021, gold exploration was experiencing a steady upward trend.
Despite the pandemic-induced market uncertainty and economic downturn, gold prices surged to record levels in 2020 as investors sought safe haven assets amidst the uncertainty. This increase in demand for gold has driven exploration efforts in many parts of the world, with companies seeking to capitalize on the high prices by discovering new gold deposits.
In terms of geographic trends, the majority of gold exploration activity is concentrated in regions known for their gold reserves, such as the Americas, Australia, and Africa. In some cases, companies are exploring new regions or reviving old mines that were previously thought to be unviable due to low gold prices or other factors. In addition to traditional mining methods, companies are also exploring new technologies such as autonomous drilling and data analytics to optimize exploration efforts and increase efficiency. This is especially important given the rising costs of exploration and the need to balance profitability with sustainability.
Overall, while the COVID-19 pandemic has had an impact on the mining industry, the trend in gold exploration remains positive as companies seek to meet the demand for this precious metal and capitalize on the high prices.
learn more about gold exploration here
https://brainly.com/question/13323253
#SPJ4
1. What is the author trying to say in comparing Becky's world with Desta's world?
Help me
Answers
Answer:
The author is trying to say that the living standards of different classes of people depend on the economic choices they make and the economy of the nations they find themselves in.
Explanation:
The topic, "Mathematics and Economic Reasoning," began by comparing the world's of two girls namely Becky and Desta. Becky who lives in America has a good and comfortable living standard. Her father works at a good law firm where he earns well enough to cater for his family. He has some savings, insurance, two cars, and a partially mortgaged house.
Desta, on the other hand, lives in a poor village in Ethiopia where her family depend on farming to survive. They have no running water, electricity, adequate healthcare, enough food, etc. The author drew these comparisons to show that the environment a person finds himself can affect his economic standard of living.
An article in a newspaper explains that a new business is about to open.
Answers
Answer:
So what's the question......??????
You can edit contents of a cell by:
Changing font type, size
Adding a fill color
Adding borders
All of the above
Answers
Answer:
All of the above
Explanation:
I took the k12 test
The Colvilles are buying a new car. The cash price is $35,000.00. They will make a down payment of 20% or $5,000. The balance will be covered by an installment loan. The loan will be repaid in 48 monthly payments of $651. The annual percentage rate for the loan is ____
%. (Round your answers to two decimal places.)
Answers
1.07% will be the Annual Percentage for the Colvilles.
What is a payment?A payment is when one entity voluntarily offers wealth, its counterpart, or other valuables to someone else in consideration of the other campaign's products or services, to satisfy a contractual obligation or both.
The cash price of Colvilles for buying is $35,000.00
The down payment will be 20% or $5,000
The number of months with which the loan will be repaid = 48 monthly payment
Monthly payments are $651
The balance on the loan = 35,000.00 - 5,000
= 30,000
The interest paid over the life of the loan = per month payment × time period - Payment
Loan = 651 × 48 - 30,000 = 1,284
The Annual Percentage Rate will be
= \((\frac{128}{30000*48}) *12 *100\\\)
= 1.07%
Learn more about payment, here:
https://brainly.com/question/15136793
#SPJ1
Which statement about pursuing a vocational education is not true?
Answers
Option C, "You will likely earn as much as people with bachelor's degrees," is not true. While pursuing a vocational education can lead to high-paying careers, it is not necessarily true that graduates will earn as much as those with bachelor's degrees.
What exactly is vocational education?Vocational education is an educational approach that focuses on providing practical and hands-on training in a specific trade, occupation, or vocation. It is designed to prepare students for a career in a skilled trade or technical field, such as construction, healthcare, automotive technology, or culinary arts.
Vocational education programs typically offer a combination of classroom instruction and hands-on training, with a focus on developing the practical skills and knowledge necessary to succeed in a specific career. Depending on the program and the career path, students may also have the opportunity to earn certifications, licenses, or other credentials that demonstrate their mastery of a particular skill or competency.
To learn more about vocational education, click
https://brainly.com/question/14894593
#SPJ1
a musical instrument manufacturer is considered the best in the industry in terms of human resource management and its excellent supply chain that assures the company will deliver products on time. which macro strategy does this company demonstrate to achieve a sustainable competitive advantage?
Answers
Operational excellence is the plan for Niro music to gain a competitive advantage.
Early in the 1970s, Dr. Joseph M. Juran introduced the concept of operational excellence while educating Japanese industry leaders on how to improve quality. It was defined in the United States in the 1980s in reaction to "the crisis" experienced by large, established firms, whose market share was decreasing as a result of high-quality items imported from Japan.
An excellent workplace culture can be fostered using certain strategies and ideas that are part of the operational excellence style of thinking. Each employee must be able to recognise, provide for, and improve the flow of value to a client for there to be operational excellence.
To know more about Operational excellence, click the below link
https://brainly.com/question/28499437
#SPJ4
An electronics store advertised a television as $17 a day for 30 days rather than the full price of $510. Why did the store choose to advertise the television this way? Because it looks like a deal Because they accept partial payments To help customers pay for it To show the daily consumption cost
Answers
Answer:
Because it looks like a deal
Explanation:
The full price of $510 is equivalent to $17 paid for 30 days. However, the $510 appears to be a huge figure when a customer is asked to pay at once.
The $17 sounds like a good deal. It is a psychological way of making The TVs appear cheaper. The advertisement is creating a perception that customers are getting TVs at a lower price.
If you are trying to establish a credit history, would you use credit to make a purchase even if you could pay cash? Why?
Answers
Answer:
By using credit, you're building up your overall score. Cash purchases go unnoticed by companies and your bank.
Explanation:
Joe borrows money for a fridge and pays $120.00 in interest for 24 months at a rate of
8%. How much money did he borrow?
Show work
Answers
Answer:
$750
Explanation:
Interest is calculated using the formula below.
I = p x r x t
where I= interest
P= principal amount
r= interest rate
t= time
In this case, interest is $120, P is not given, r = 8% t= time 2 years( 24 months)
It means $120= P x 8% x 2
$120= p x 0.08 x 2
$120= p0.16
P= $120/0.16
P=750
Joe borrowed $750
The effect of the entry to close the drawing account causes __________. (check all that apply)
1) the retained earnings account to decrease
2) total owner's equity to remain unchanged
3) the drawing account to have a $0 balance
4) the capital account to decrease
Answers
The effect of closing the drawing account is: 1) the retained earnings account decreases, 3) the drawing account has a $0 balance, and 4) the capital account decreases.
When the drawing account is closed, it signifies that any withdrawals made by the owner from the business have been accounted for and transferred to the appropriate accounts. This closure has several effects on the financial statements and owner's equity. Firstly, the retained earnings account decreases. The drawing account represents the owner's withdrawals or personal expenses, which are not considered business expenses. Closing the drawing account means transferring its balance to the retained earnings account, which reduces the retained earnings. This reflects that the owner's withdrawals have reduced the overall profits available for the business.
Secondly, the drawing account will have a $0 balance after closing. This is because the account is zeroed out to start afresh for the next accounting period, ensuring a clear distinction between the owner's personal withdrawals and the business's financial records. Lastly, closing the drawing account also leads to a decrease in the capital account. The capital account represents the owner's investment in the business. By reducing the retained earnings, which are part of the owner's equity, the capital account is indirectly affected, resulting in a decrease. This adjustment reflects the impact of the owner's withdrawals on the overall financial position of the business.
Learn more about investment here: https://brainly.com/question/30105963
#SPJ11
Which inventory costing method requires that a company keep track of the cost of each specific unit of inventory? A. Specific identification
B. Lower-of-cost-or-market method C. LIFO D. All of the above
Answers
Specific identification inventory costing method requires that a company keep track of the cost of each specific unit of inventory. The answer is OPTION A.
According to the specific identification method, a company must mark each item of inventory with its cost and keep that mark on file until the inventory is sold. The cost of the unit is added to the cost of goods sold once a specific inventory item has been sold.
Every purchase and sale of goods is automatically and instantly recorded in a perpetual inventory system, which is used to maintain and record stock levels. The software in this system tracks a change in inventory levels in real-time for each transaction that occurs. The answer is OPTION A.
To learn more about inventory, click here.
https://brainly.com/question/14184995
#SPJ4
why do business need funding
Answers
hello , What are three common tools for qualitative research in business and marketing?
Answers
Answer:
they would be in-depth interviews, focus group discussions and observation over data
Explanation:
Hope this helps, please rate and mark as brainlest :)
South company purchased north company. South company paid $550,000 cash and assumed all of north company’s liabilities. On the date of purchase, north’s books showed tangible assets of $500,000, liabilities of $20,000,and equity of $480,000. An appraiser assessed the fair market value of the tangible assets at $530,000 on the acquisition date. Which of the following statements models shows how this event will affect south company’s financial statements?.
Answers
The third option, which is " Assets will increase by $530,000, liabilities will increase by $20,000, and goodwill will increase by $40,000.
The acquisition of North Company by South Company will impact the financial statements of the latter. The fair market value of North Company's tangible assets is $530,000, which is lower than the $550,000 cash that South Company paid.
Thus, South Company will have goodwill that will be recorded in the financial statements. To arrive at the answer, we need to compute the following: Asset purchase price: Cash paid + fair market value of assets= $550,000 + $530,000= $1,080,000Goodwill: Asset purchase price - total assets acquired = $1,080,000 - $500,000= $580,000Therefore, the correct answer is: Assets will increase by $530,000, liabilities will increase by $20,000, and goodwill will increase by $40,000.
To Know more about South Company
https://brainly.com/question/15000066
#SPJ11
\Currently the real interest rate is 1%. Expected inflation was initially 3% but rose to 6% as a result of the government's announcement on additional stimulus checks. After this change, the real interest rate will be
Answers
Answer:
Explanation:sorry dont report .y answer
digital finance platforms, mobile payments, digital asset management, blockchain technology, cryptography. Define each word and use each term in a sentence.
Answers
Explanation:
Digital finance platforms: Online platforms that provide financial services such as banking, investing, and lending.
Sentence: Digital finance platforms like Robinhood and Acorns have made investing more accessible to a wider range of people.
Mobile payments: Transactions that are completed using a mobile device, such as a smartphone or tablet.
Sentence: Mobile payments have become increasingly popular due to their convenience and ease of use.
Digital asset management: The process of organizing, storing, and retrieving digital files such as images, videos, and documents.
Sentence: Digital asset management software can help businesses keep track of their digital files more efficiently.
Blockchain technology: A decentralized system of digital ledgers that record transactions in a secure and transparent manner.
Sentence: Blockchain technology is often used in cryptocurrency transactions to ensure security and transparency.
Cryptography: The practice of using mathematical algorithms to secure and protect information.
Sentence: Encryption is a common form of cryptography used to protect sensitive data from unauthorized access
Marry owns a café in Subang Jaya, Selangor. Followings are the accounts detail of her café Total debt = RM1,300 • Total equity = RM2,400 • Profit margin = 6% • Sales RM5,000 Compute the return on assets. Select one: O O O O a. 41.3% b. 23.2% c. 12.5% d. 8.11%
Answers
Marry's café has a return on assets of 8.11%, which indicates that it is generating a reasonable amount of revenue from its assets.
The formula for Return on Assets (ROA) is ROA = (Net /Total assets).
Net income is sales minus all the expenses.
Total assets are the summation of the total debt and total equity of a company.
The given data for Marry's café are:
Total debt = RM1,300
Total equity = RM2,400
Profit margin = 6%Sales RM5,000
The net income of Marry's café is:
Profit margin = Net income/SalesNet income = 6% × Sales
Net income = 6% × RM5,000
Net income = RM300
The total assets of the café are: Total assets = Total debt + Total equity Total assets = RM1,300 + RM2,400Total assets = RM3,700
So, we have calculated net income and total assets. Using the formula of ROA, we get:
ROA = (Net income/Total assets)ROA = (RM300/RM3,700)ROA = 0.0811ROA = 8.11%
Therefore, the return on assets of Marry's café is 8.11%.
Return on assets (ROA) is a metric used to determine a company's profitability, specifically how well it is using its assets to generate revenue. The formula for ROA is ROA = (Net income/Total assets). Net income is sales minus all the expenses. Total assets are the summation of the total debt and total equity of a company. Here we have to calculate the ROA of Marry's café. Marry's café details are
Total debt = RM1,300
Total equity = RM2,400
Profit margin = 6%
Sales RM5,000
Net income can be calculated using profit margin. The profit margin is calculated as a percentage of sales
.Net income = 6% × Sales = 6% × RM5,000 = RM300
Total assets can be calculated by adding total debt and total equity.
Total assets = Total debt + Total equity = RM1,300 + RM2,400 = RM3,700
Using the formula of ROA, we get:
ROA = (Net income/Total assets) = (RM300/RM3,700) = 0.0811ROA = 8.11%
Therefore, the return on assets of Marry's café is 8.11%.
Marry's café has a return on assets of 8.11%, which indicates that it is generating a reasonable amount of revenue from its assets.
To know more about equity visit
brainly.com/question/31458166
#SPJ11
What are the 4 primary roles of advertising?
Answers
Advertising is a powerful marketing tool that can assist you in attracting customers, educating them about your products, and earning their confidence.
Define about roles of Advertising? "Marketing mix" that includes four crucial elements for selling a good or service: product, pricing, place, and promotion. Businesses often consider the four Ps when creating marketing strategies and plans to attract their target audience.Advertising refers to any sponsored marketing of a product, service, or notion with the aim of swaying one or more people. Print, radio, television, and digital media are just a few of the platforms where it could occur. The main goal of advertising is to persuade a person to buy a product or do something else.Advertising aids in spreading awareness of the new product so that customers can visit and try it.To learn more about Types of Advertising refers to:
https://brainly.com/question/14227079
#SPJ4
Which pricing approach for a restaurant would have the greatest risk of adverse selection due to buyers having private information?.
Answers
The all-you-can-eat buffet in a restaurant with a set price would pose the biggest threat to the pricing strategy because of the purchasers' sensitive personal data.
The right pricing strategy is essential if you want to stay competitive in markets where volume and price pressure are increasing. It ensures that you receive the payment you are entitled to for the goods and services you render as well as the earnings you need to invest in growth and change.
There are many various pricing tactics, but four are frequently employed by small company owners: competitive pricing, cost-plus pricing, markup pricing, and demand pricing.
The good-better-best price structure, often known as a tiered pricing strategy, can be used by a business to increase sales. When a business provides three distinct product or service bundles, it is effective.
To learn more about pricing strategy
https://brainly.com/question/14595156
#SPJ4
what difference would it make to the economy if there were no money? What commodities might serve as money instead? Provide reason for your answers.
Answers
Answer:
Well, we would simply be reduced to a barter economy. Therefore we would have to trade items for items.
Explanation:
This is the way it is because "Barter" is The exchange (goods or services) for other goods or services without using money. So if we needed beef, we would have to give the person trading the beef something of ours. As for countries who want to trade, if one needs wool, and one needs iron, and country A has Iron and country B has wool They'd barter the two items.
Marketing copy for a teeth-whitening product is selling more than whiter teeth, it's also selling the idea of what?
A. Wonder
B. Braces
C. Confidence
D. Chemicals
Answers
Marketing copy for a teeth-whitening product is selling more than whiter teeth, it's also selling the idea of confidence. It also enhances the self belief.
Marketing concepts of business management are build in such a way that is based on building confidence between the customers and the business development managers. Marketing always help to increase sales and profit.
Selling the only idea does not make sense you should be able to convince the product selling to customer by making wonders and wise use of skills taught in marketing arena.
To learn more about marketing here,
https://brainly.com/question/14083500
#SPJ1
wyatt oil has assets with a market value of $600 million, $70 million of which are cash. it has debt of $250 million, and 20 million shares outstanding. assume perfect capital markets. if wyatt oil distributes the $70 million as a dividend, then its stock price after the dividend will be closest to: $12.50 $26.50 $17.50 $14.00
Answers
The stock price after the dividend distribution will be closest to $14.00 (option d).
To calculate the stock price after the dividend distribution, we need to consider the impact of the dividend on the equity value of the company.
Current equity value = Assets - Debt
= $600 million - $250 million
= $350 million
Current stock price = Equity value / Number of shares outstanding
= $350 million / 20 million
= $17.50
If Wyatt Oil distributes $70 million as a dividend, the equity value of the company will decrease by that amount, as it is being paid out to shareholders.
New equity value = Current equity value - Dividend
= $350 million - $70 million
= $280 million
New stock price = New equity value / Number of shares outstanding
= $280 million / 20 million
= $14.00
So, the stock price after the dividend distribution will be closest to $14.00 (option d).
Learn more about “ dividend distribution “ visit here;
https://brainly.com/question/13708265
#SPJ4
What are the additional costs you pay each year in order to borrow money in loans? This includes both interest and fees.
A: Annual Percentage rate (ARP)
B: Variable Interest
C: Origination Fees
d: Fixed interest
Answers
The annual percentage rate is the additional cost that you pay monthly in order to borrow money in loans.
What is the annual percentage rate?This rate is also expressed as the interest rate. It is the amount that one is charged for the money that they borrowed.
This amount is the actual cost of the loan that they got which is expressed in percentages.
Read more on interest rate here: https://brainly.com/question/25545513
On January 1 of this year, Ikuta Company issued a bond with a face value of $100,000 and a coupon rate of 5 percent. The bond matures in three years and pays interest every December 31. When the bond was issued, the annual market rate of interest was 6 percent. Ikuta uses the effective-interest amortization method. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your answers to whole dollars. ) Required: 1. Complete a bond amortization schedule for all three years of the bond's life
Answers
The bond amortization schedule tracks changes in the bond's carrying value, interest expense, and amortization of bond discount over three years.
The bond amortization schedule for all three years of the bond's life is : In the first year, the amortization of bond discount is $771 ($5,771 - $5,000), and the ending carrying value is $96,958 ($96,187 + $771).
In the second year, the amortization of bond discount is $818 ($5,818 - $5,000), and the ending carrying value is $97,776 ($96,958 + $818).
In the third year, the amortization of bond discount is $867 ($5,867 - $5,000), and the ending carrying value is $98,674 ($97,776 + $867).
To complete the bond amortization schedule, we need to calculate the following:
1. Interest expense for the year: This is calculated by multiplying the carrying value of the bond at the beginning of the year by the market rate of interest.
2. Amortization of bond discount: This is the difference between the interest expense and the actual interest paid. It reduces the bond discount balance.
3. Carrying value of the bond: This is the bond's face value minus the bond discount balance.
Using the effective-interest amortization method, the bond discount balance increases in the first year and decreases in the second and third years.
Here is the bond amortization schedule for all three years:
<Year> <Beginning Carrying Value> <Interest Expense> <Interest Paid> <Amortization of Bond Discount> <Ending Carrying Value>
1 $96,187 $5,771 $5,000 $771 $96,958
2 $96,958 $5,818 $5,000 $818 $97,776
3 $97,776 $5,867 $5,000 $867 $98,674
In the first year, the bond discount balance is $3,813 ($100,000 - $96,187). The interest expense for the year is $5,771 ($96,187 x 6%), and the actual interest paid is $5,000. Therefore, the amortization of bond discount is $771 ($5,771 - $5,000), and the ending carrying value is $96,958 ($96,187 + $771).
In the second year, the bond discount balance is $2,222 ($100,000 - $97,776). The interest expense for the year is $5,818 ($96,958 x 6%), and the actual interest paid is $5,000. Therefore, the amortization of bond discount is $818 ($5,818 - $5,000), and the ending carrying value is $97,776 ($96,958 + $818).
In the third year, the bond discount balance is $1,326 ($100,000 - $98,674).
The interest expense for the year is $5,867 ($97,776 x 6%), and the actual interest paid is $5,000.
Therefore, the amortization of bond discount is $867 ($5,867 - $5,000), and the ending carrying value is $98,674 ($97,776 + $867).
To know more about bond amortization refer here :
https://brainly.com/question/29840276#
#SPJ11
select the correct statement regarding relevant costs and revenues.multiple choicerelevant costs are also known as unavoidable costs.relevant costs are only those that are based on past experience.relevant revenues must differ among the alternatives.all of these choices are correct.
Answers
The correct answer to the question above is option C. "Relevant revenues must differ between the alternatives.
Relevant revenue is revenue that we incur as a direct response to a particular decision.The relevant cost has the same meaning as relevant revenue, but it incurred a cost as a result of a particular decision that we make. Relevant revenue must make difference in the decision under consideration. The relevant revenue is the future. Cost is the amount or equivalent paid or charged for something that we buy, do, or use. Revenue is the total amount of income that can be counted from the sale of goods or services related to the company's primary operations.
Learn more about relevant revenue and relevant cost at: https://brainly.com/question/13036889
#SPJ4