Please include explanation for calculation. thank you
Barron, Inc. sold goods for $882,500 on account. The company operates in a state that imposes a 9% sales tax. What is the amount of the sales tax payable to the state? O A. $79,425 O B. $19,856 O C. $39,713 OD. $166,850 Compute the present value of $45,000, invested for six years at 9%. Present value of $1: 5% 6% 7% 8% 9% 3 0.864 0.840 0.816 0.794 0.772 0.823 0.792 0.763 0.735 0.708 0.784 0.747 0.713 0.681 0.650 6 0.746 0.705 0.666 0.630 0.596 7 0.711 0.665 0.623 0.583 0.547 O A. $26,820 B. $34,320 C. $30,870 OD. $22,770 Refer to the following list of liability balances at December 31, 2018. Accounts Payable $14,000 Employee Health Insurance Payable 950 Employee Income Tax Payable 800 Estimated Warranty Payable (Due 2019) 900 Long-Term Notes Payable (Due 2022) 40,000 FICA-OASDI Taxes Payable 960 Sales Tax Payable 670 Mortgage Payable (Due 2023) 6,000 Bonds Payable (Due 2024) 63,000 Current Portion of Long - Term Notes Payable 7,500 What is the total amount of current liabilities? O A. $25,780 O B. $18,280 O C. $16,580 O D. $17,480 On July 1, 2018, Electrical Services issued $38,000 of 10% bonds that mature in five years. The bonds were issued at a premium, for a total of $39,710. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On December 31, 2018, what is the total amount paid to bondholders? o certyba; 3918. Electrical Services combed 353,000 of 10% bana ds that mature five years. The bonds were is O A. $1,900 O B. $3,800 O c. $1,986 O D. $3,971 Compute the present value of an ordinary annuity that pays $7,000 per year for 15 years at 7%. Present value of ordinary annuity of $1: 7% 8% 9% 10% 11 7.499 7.139 6.805 6.495 127.943 7.536 7.161 6.814 13 8.358 7.904 7.487 7.103 8.745 8.244 7.786 7.367 15 9.108 8.559 8.061 7.606 12% 5.938 6.194 6.424 6.628 6.811 O A. $64,246 O B. $63,756 OC. $63,266 O D. $64,223 On July 1, 2018, Mason & Beech Services issued $50,000 of 11% bonds that mature in five years. They were issued at par. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On December 31, 2018, what is the total amount paid to bondholders? O A. $1,375 O B. $2,750 O C. $5,500 O D. $1,833 On July 1, 2018, Mason & Beech Services issued $50,000 of 11% bonds that mature in five years. They were issued at par. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On December 31, 2018, what is the total amount paid to bondholders? O A. $1,375 O B. $2,750 O C. $5,500 O D. $1,833 Get Away Vacations signed a 9%, 10-year note for $163,000. The company paid an installment of $2,800 for the first month. What portion of the first monthly payment is interest expense? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.) O O A. $16,383 O B. $28,253 OC. $1,577 OD. $1,223 O O On March 1, 2018, Mandy Services issued a 3% long-term notes payable for $20,000. It is payable over a 5-year term in $4,000 principal installments on March 1 of each year, beginning March 1, 2019. Each yearly installment will include both principal repayment of $4,000 and interest payment for the preceding one-year period. What is the amount of total cash payment that Mandy will make on March 1, 2019? O A. $4,300 B. $20,000 OC. $4,600 OD. $4,000
