Income Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 2018, follow: Fees earned $900,000 Office expense 300,000 Miscellaneous expense 15,000 Wages expense 450,000 Prepare an income statement for the year
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Consider the market for a natural resource, where the price is initially $20,000 per ton and 40,000 thousand tons are supplied. Suppose the price of the resource falls to $18,000 per ton, at which price the market supplies 39,500 thousand tons.
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A company issues $25,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2019. Interest is paid on June 30 and December 31. The proceeds from the bonds are $24,505,180.
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