An installment note payable for a principal amount of $48,000 at 6% interest requires Lawson Company to repay the principal and interest in equal annual payments of $11,395 beginning December 31, 2008, for each of the next five years. After the final payment, the carrying amount on the note will be
A) $5,425
B) $8,975
C) $11,395
D) $0
D
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Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. Cost of goods sold$500,000 Merchandise inventory, January 1 85,000 Merchandise inventory, December 31 97,000 Accounts payable, January 1 68,000 Accounts payable, December 31 60,000
A. $480,000. B. $520,000. C. $512,000. D. $585,000. E. $508,000.
Godina Products, Inc., has a Receiver Division that manufactures and sells a number of products, including a standard receiver that could be used by another division in the company, the Industrial Products Division, in one of its products. Data concerning that receiver appear below: Capacity in units 58,000Selling price to outside customers$89Variable cost per unit$35Fixed cost per unit (based on capacity)$42?The Industrial Products Division is currently purchasing 10,000 of these receivers per year from an overseas supplier at a cost of $81 per receiver.?Assume that the Receiver Division is selling all of the receivers it can produce to outside customers. Does there exist a transfer price that would make both the Receiver and Industrial Products Division financially better off
than if the Industrial Products Division were to continue buying its receivers from the outside supplier? A. Yes, both divisions are always better off regardless of whether the selling division has enough idle capacity to handle all of the buying division's needs. B. Yes, the minimum transfer price that the selling division should be willing to accept is less than the maximum transfer price that the buying division should be willing to accept. C. No, the minimum transfer price that the selling division should be willing to accept exceeds the maximum transfer price that the buying division should be willing to accept. D. The answer cannot be determined from the information that has been provided.
Employers may legally make employment decisions that result in disparate treatment so as to protect women employees
a. True b. False Indicate whether the statement is true or false
Below is a narrative for the "Pay employees" portion (bubble 4.0) of the payroll process described in Chapter 14
Narrative Description
Validated attendance time records initiate the payment to workers in process 4.0 (Pay employees). In calculating employees' gross and net pay, Process 4.1 (Prepare paychecks) retrieves data from both the employee/payroll master data and the tax rates data. Process 4.1 accumulates current, quarter-to-date, and year-to-date totals for each employee and reports this information via the data flow "Payroll register." This information also is used to update the employee/payroll master data. Finally, process 4.1 prints and distributes paychecks to employees as reflected in the "Employee paychecks" data flow.
The data flow "Payroll register" triggers process 4.2 (Prepare disbursement voucher). This will result in a data flow for the GL disbursement voucher update and a data flow for the disbursement voucher. Process 4.3 (Prepare payroll transfer check) and sends the check to the bank to cover the organization's periodic net payroll.
Required:
Using the DFD in TB Figure 14.4 and the narrative description above, identify the words that belong in items 1 to 11 of