Problem 10-4a (part level submission) on october 1, 2016, ayayai corp. issued $732,000, 8%, 10-year bonds at face value. the bonds were dated october 1, 2016, and pay interest annually on october 1. financial statements are prepared annually on december 31.

At year end 2016, Ayayai Corp. will accrue interest expense of $14,640.

Explanation:

On October 1, 2016, Ayayai Corp. will make the following entries on the issuance of bond:

Dr.    Cash   $732,000

Cr.         Bond payable   $732,000

However, at the end year at December 31, Ayayai Corp. will take into account the "Interest expense"  accrued (Not paid yet) for the past three months: October, November, and Dec

Following will be the journal entries for it:

Dr.   Interest Expense   $14,640*

Cr.          Interest Payable   $14,640

* The calculation of past 3 months interest expense:

Monthly interest expense = ($732,000 x 0.08)/12  => $4,880

The cumulative interest expense for 3 months= 3 x $4,880 = $14,640

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.