Answer: $800 since the benefit of one more unit goes to both individuals.
Explanation:
The benefit of one more public good will go to both Sam and Alex. For this reason, the total benefit is the sum of the benefits that go to the both of them.
Sam benefits $500 and Alex benefits $300.
= 300 + 500
= $800
$800 goes to the both of them and so is the social benefit of one more unit of the public good.
By multiplying a predetermined overhead rate by the actual amount of the allocation base incurred by the job. :) hope that helped
Answer:
A. a debit to Interest Expense for $ 36, 000
Explanation:
Based on the information given we were told that Flipco has note payable on January 1, 2018, of the amount of $800,000 and on December 31 we were told that the loan requires annual principal payments of the amount of $80,000 in addition with 5% interest. This means that the Journal entry to record the transaction on December 31, 2019 will includes a Debit to interest expense for $36,000 calculated as :
Interest expense= $800,000-$80,000
Interest expense=( $720,000* 5%* 12/12)
Interest expense =$36,000
Therefore the Journal entry to record the annual payment on December 31, 2019 will includes :
A Debit to interest expense for $36,000