On July 1, 2020, RAX Inc. purchased $100,000 of Shelf Corp. bonds at a discount rate of $95,000. The Shelf bonds have a stated 6% interest rate but were purchased when the market interest rate was 7%. The bonds pay interest semi-annually on June 30 and December 31 of each year. RAX accounts for the bonds as a held-to-maturity (HTM) investment and uses the effective interest method. How much Interest Revenue should RAX record for the December 31, 2020 journal entry?

On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.

Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be:

The third program provides families with $50 in food stamps each week, redeemable for both perishable and nonperishable food. the fourth policy instead provides a family with a box of nonperishable foods each week, worth $50. use two graphs to illustrate that a family may be indifferent between the two programs, but will never prefer the $50 box of nonperishable foods over the $50 in food stamps. state your answer and use a consumer choice model for perishable food and nonperishable food to graphically justify your choice.