Answer and Explanation:
Before recording the journal entry first we have to determine the following calculations
Semi Annual interest payment is
= $275,000 x 10% × 6 ÷ 12
= $13,750
The Present value of principal is
= Par value of bonds × Present value factor (r%, n)
= $275,000 × Present value factor (4.5%, 10)
= $275,000 × 0.64393
= $177,080.75
Now Present value of interest is
= Interest × Present value annuity factor (r%, n)
= $13,750 × Present value annuity factor (4.5%, 10)
= $13,750 × 7.91272
= $108,799.90
Now
The Selling price of bond is
= Present value of principal + Present value of interest
= $177,080.75 + $108,799.9
= $285,881
Interest expense to be recorded is
= Carrying value of bonds × Effective interest rate × 6 ÷12
= $285,881 × 9% × 6 ÷ 12
= $12,865
And,
The Premium on bonds payable is
= Semi annual interest payment - Interest expense
= $13,750 - $12,865
= $885
Now the journal entry is
Interest expense $12,865
Premium on bonds payable $885
To Cash $13,750
(Being the interest payment is recorded)
During Year 2, Chico Company earned $1,950 of cash revenue, paid $1,600 of cash expenses, and paid a $150 cash dividend to its stockholders. Based on this information alone, which of the following statements is not true?
a. Net income amounted to $350.
b. Total assets increased by $200.
c. Cash inflow from operating activities was $350.
d. Cash inflow from operating activities was $200.
Answer:d--Cash inflow from operating activities was $200
Explanation:
Net income= Cash Revenue -Cash Expenses
$1950 - $,1600 = $350
Total assets increase= Cash Revenue -Cash Expenses -Dividends
1950-1600 -150= $200
Cash inflow from operating activities=Cash Revenue -Cash Expenses
$1950 - $,1600 = $350
therefore the statement that is not true = d--Cash inflow from operating activities was $200
Net income is ________. Question 7 options: A) not cash flow B) earnings before interest and taxes C) the cash flow from the operations of the company during the period D) the increase or decrease in cash flow for the period
Answer:d the increase or decrease in cash flow for the period of time
Explanation:
It’s the amount gained and lost in the amount of time they were in business
A team member can become distracted by a work or personal problem that prevents him or her from following through on commitments made to the team. This team member is best described as a(n): absentee member. social loafer. procrastinator. arbitrator.
Answer:
absentee member.
Explanation:
A team member can become distracted by a work or personal problem that prevents him or her from following through on commitments made to the team. This team member is best described as an absentee member because it is safe to say that he didn't contribute anything to the team, as opposed to his or her promises or requirement to be supportive.
What are the two factors that are examined in the administrative management theory when trying to create an organization that is highly efficient and effective?
Answer:
organizational structure and control systems
Explanation:
The two main factors that are examined are the organizational structure and control systems. Organizational structure focuses on organizing various company activities in such a way that they can achieve their organizational aims as efficiently as possible. Control Systems on the other hand are the various sets of procedures and processes, that allow an organization to achieve its mission and objectives. Both are essential in order for the organization to run as efficiently and effectively as possible.
For a retail business, a delivery of inventory, from a vendor (with whom there is an established credit relationship) would be initially recorded in which type of accounting record as part of which transaction cycle
Answer:
purchases journal; expenditure cycle
Explanation:
For most retail businesses the first place transactions are recorded is the purchase or sales journal. This contains a simple lost of items purchased or sold. The information is later transfered to the general ledger.
On this scenario there was a delivery of inventory, from a vendor with whom there is an established credit relationship.
Once purchase is made on credit it is an expenditure transaction and will be recorded as such
"The link between marketing ethics/social responsibility and firm performance has been documented repeatedly over time. This link is most evident in firms that have a strong __________."
Answer:
ethical climate
Explanation:
We were informed that the link between marketing ethics/social responsibility and firm performance has been documented repeatedly over time.
In this this case is most evident in firms that have a strong ethical climate. Strong ethical climate in finance reffered to the degree of ethics been utilized by an organization, it involves the morals and improve employee morale when they experience ethical climate such as caring, independence and other ethical factors.
.
Using covert influence to overcome resistance to change is called ________. negotiation manipulation coercion communication cooptation
Answer:
Manipulation
Explanation:
Using covert influence to overcome resistance to change is called MANIPULATION.
These manipulations result to the overpowering to the things that resist change by using covert influence.
The covert influence or action is an activity whereby political, military and economic conditions are influenced outside by the U.S government but such influences are not apparently known publicly. It's a manipulative strategy.
Any given demand or supply curve is based on the ceteris paribus assumption that ___________________. Group of answer choices When economists talk about supply, they are referring to a relationship between price received for each unit sold and the _________________.
Answer:
1. all else is held equal
2. quantity supplied
Explanation:
Given economics terminologies and definitions, it can be concluded that any given demand or supply curve is based on the ceteris paribus assumption that ALL ELSE IS HELD EQUAL
Also, it can be easily concluded that when economists talk about supply, they are referring to a relationship between the price received for each unit sold and the QUANTITY SUPPLIED.
A mother wants to invest $ for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD account) which earns 4% and the remainder in a savings bond that earns 7%. If the total interest earned after one year is how much money was invested in the CD account?
Answer:
the amount of money i.e. invested in the CD account is $3,666.67
Explanation:
The computation of the money invested in the CD account is shown below:
Let us assume the amount invested be x
So, the equation i.e. to be made is
0.04x + 0.07 × ($11,000 - x) = $660
0.04x + $770 - 0.07x = $660
-0.03x = -$110
x = $3,666.67
Hence, the amount of money i.e. invested in the CD account is $3,666.67
Which type of telephone answering system requires a health care worker to check in either at regular intervals while the agency is closed or on the next business day
Answer:
Answering machine
Explanation:
Answering machine is a form of telephoning system that is designed to automatically answer and record telephone calls even when a receiver is not around to do so.With this feature , it allows flexibility as the user can still attend to other functions without loosing track of the the calls for the day.
Even though it has a weakness in that calls that require immediate responses may not get such , however , those calls can be responded to as soon as the users get to know about it , hence the need for frequent check of the call logs by the user.
Looking at this definition , it it suits the need of a regular health worker that need to check in either at regular intervals while the agency is closed or on the next business day.
Which inventory costing method assumes that cost of goods sold and ending inventory consist of a mixture of all the goods available for sale?
Answer:
Average Cost Method
Explanation:
It is also known as weighted average cost. Under this method of costing, it is assumed that cost of inventory is based on the average cost of the goods available for sale during the accounting period. Meaning that the average cost is derived by dividing the total cost of goods available for sale by the total units available for sale.
To find operating cash flow for the business for the year, add depreciation expense to EBIT and then ________. Question 8 options: A) subtract the interest expenses B) subtract the taxes C) add the taxes D) add interest expenses
Answer:
B) subtract the taxes
Explanation:
The formula to compute the operating cash flow is shown below
The operating cash flow is shown below:
= EBIT + Depreciation - Income tax expense
where,
EBIT = Sales - cost of good sold - depreciation expense
Also the operating cash flow refers to the cash amount i.e. created through the day to day activities within a particular period
Hence, the correct option is b.
Outright sales or sale and leaseback free up considerable cash and improve returns. This is an example of which turnaround strategy used by successful companies?
Answer:
"Asset and cost surgery " is the right answer.
Explanation:
Asset but mostly cost surgery indicates another company can opt to sell much of its order to maximize shareholders as well as consider outsourcing those non-competitive business international operations.Asset Management Policy would be an organization-wide policy for implementing as well as recording asset management activities, policies, processes as well as techniques.Dentify the sentence type: places like taco bell provide affordable and convenient food for americans, but consumers need to be aware of the health consequences of eating too much fast food. simple compound complex compound-complex
Answer:
The correct answer is the option: Compound.
Explanation:
To begin with, the sentences that are compound are understood to be the ones who have at least two or more independent clauses that are joined together by a comma, semicolon or by a conjunction. Therefore that the sentence presented in the text corresponds to a compound sentence due to the fact that you can find two different clauses that are joined together by a comma and a coordinator in this case ("but") and when that happens that coordinator adds also flowness to the sentence.
"The MSRB online system that gives non-professional investors key information about municipal securities, including issuer financial disclosures, notices of material events, real-time prices, and market statistics is called:"
Answer: EMMA
Explanation:
MSRB is an acronym for The Municipal Securities Rulemaking Board and it is a body that is in charge of the regulating the body that gives policies and rules for the financial institutions that issue and sell municipal securities.
EMMA gives non-professional investors key information about municipal securities, including issuer financial disclosures, notices of material events, real-time prices, and market statistics.
Match the action to the task it helps accomplish. format text is at the very top or bottom of the page increase or decrease the space around the text on a page move the text at the bottom of a page to the top of the next page
Answer:
format text increase or decrease the space around the text on a page
Explanation:
Indeed, when using Word processing software like Microsoft word, it is possible to use the format text tool called line spacing to increase or decrease the space around the text on a page.
For example, in other to make a written text easily readable, a user may use the format text tool to increase or decrease the space around the text on a page.
Hope this helps! :). .
What role do funds (money) play in the circular flow model? a. They are what households or firms pay for products or resources. b. They are the means by which trade creates value. c. They enable firms and households to interact with foreign firms and households. d. They enable firms and households to pay their taxes
Answer:
a. They are what households or firms pay for products or resources.
Explanation:
The circular flow model shows how money flows in the society, from producers to workers in the form of wages, and back to the producers as money paid for products thereby providing exchange between the household and the firm.
The household work for firms in exchange for money to pay for goods and services offered by the firm while the firm sell there goods to the household so as to be able to generate profits.
Refer to exhibit 4-8. suppose that wheat producers lobby the government for a price floor and receive one. this price floor is set at pf. what is the change in the total surplus at the price floor, compared to at the equilibrium price?
The company pays cash for a piece of equipment. the list price was $9,100, but after negotiation, the final purchase price was $8,700.
Answer:
this question is part of a longer question where you had to state how this transaction affects the accounting equation of the company:
the journal entry would be
Dr Equipment 8,700
Cr Cash 8,700
Since both accounts are asset accounts, only the assets will be affected. Cash balance will decrease by $8,700 while equipment will increase by the same amount:
Assets = liabilities + equity
cash equipment
-8,700 8,700
All of the following are capital assets EXCEPT: 100 shares of UVX stock. A car used by a ride-hail service driver. A fully rented apartment building. Municipal bonds.
Answer:
A fully rented apartment building
Explanation:
Capital assets are a term that describes substantial portions of property including homes, cars, stocks, bonds, etc. In other words, specifically in business, a capital asset is defined by its valuable life which is extended than a year and is not planned for sale at a typical period of business's operation.
Hence, in this case, the right answer is A fully rented apartment building
Issues management today can be considered a subset of the activities of public affairs departments. strategic planning staffs. public relations departments. various ad hoc committees.
Answer: public affairs department
Explanation:
The objective of issues management is
to help increase the social responsiveness of an organization to its stakeholders. It should be noted that firms get more options when there's an early anticipation of issues.
Issues management today can be considered a subset of the activities of public affairs departments.
.
5 th question answer please
Answer:C
Explanation:
Answer:
c
Explanation:
it is not a flexible mode of transport
A firm's strategic choices and leadership approaches need to: a. be rigid and concrete to be effective. b. adapt and change to retain their
Answer:
This question is incomplete, there are two options that remain missing. The complete options are the following:
A) Be rigid and concrete to be effective.
B) Adapt and change to retain their relevance.
C) Be independent of each other.
D) Steer clear of cultural and socioeconomic influences.
And the correct answer is the option B: Adapt and change to retain their relevance.
Explanation:
To begin with, when it comes to terms of leadership and strategic choices the managers of a company or its members who are the ones responsibles for those matters need to understand that both of those concepts have always to be adaptative and flexible in order to retain the relevance that they have in company and its environment. And that is mainly because the context of the organization is always changing and the leader must be updated with all the new ways to take action and therefore to change the strategic choices that he might choose while taking the decision making process.
Ashton wants to generate interest in the new branch of his hobby stores that is opening next week. He plans to offer temporary price cuts and issue coupons. This practice is referred to as a. price discrimination. b. price promotion. c. price instability. d. price sensitivity.
Answer:
B. Price promotion
Explanation:
Ashton by trying to create awareness in his new branch, he is planning to cut price and offer coupons so as to persuade customers to purchase from him. The practice is known as price promotion.
Price promotion is the combination of two words "price" and "promotion".
Price refers to the amount of money paid by consumers to purchase goods and services.
Promotion on the other hand refers to activities that persuade the consumers to buy a product and communicate the product’s features and benefits.
Combining the two definitions, pro promotion refers to a discount in price which will encourage consumers to purchase a product.
Strong brands a. are a liability. b. guarantee success for a company. c. are the most significant barrier to entry in the market. d. deliver greater returns with less risk.
Answer:
d. deliver greater returns with less risk.
Explanation:
Strong brands are known to have a lot of positives, which includes representation of individuals or customers' viewpoints of the company's services, status, logo, and publicity. One of the main purpose of branding is to increases the value of a company, gives employees adequate guidance and motivation, and makes obtaining new customers easier.
Hence, the right answer among the available options is "deliver greater returns with less risk."
Answer:
d. deliver greater returns with less risk
Explanation:
A brand is a product, person, or service that has a unique name or symbol that differentiates it from others in a market. It makes a particular product stand out from others.
Companies use brands to increase competitive advantage by conveying a unique quality or trait with that particular brand.
Strong brands are those that perform well over a long period of time and conveys its uniqueness at all touch points with the customer.
So strong brands ensure delivery of greater returns with less risk.
At December 31 year-end, Cushion Corporation has a $9,000 note receivable from a customer. Interest of 4% has accrued for 10 months on the note. What will Cushion's financial statements report for this situation at December 31?
Answer:
The financial statement will report the note receivable of the amount of $9,000 and interest receivable of $300
Explanation:
Calculation for what Cushion's financial statements report for this situation at December 31
Based on the information given we were told that the Corporation has the amount of $9,000 as note receivable from a customer with an Interest of 4% which has accrued for 10 months on the note which mean that the financial statements will report will report the note receivable of the amount of $9,000 and interest receivable of the amount of $300 at December 31 which was calculated as :
Interest receivable =$9,000×0.04×10/12
Interest receivable =$300
Therefore the financial statement will report the note receivable of the amount of $9,000 and interest receivable of $300
Melvin Crane is 66 years old, and his wife, Matilda, is 65. They filed a joint income tax return for 2019, reporting an adjusted gross income of $22,200, on which they owed a tax of $61. They received $3,000 from Social Security benefits in 2019. How much can they claim on Form 1040 in 2019, as a credit for the elderly?
Answer:
$0
Explanation:
the credit for the elderly is the lesser of the following:
1) taxes owed = $61
2) you calculate the credit for the elderly by subtracting $7,500 - $3,000 (social security benefits) = $4,500
then you subtract half of your AGI over $10,000 = ($22,000 - $10,000) x 50% = $5,500
the credit = $4,500 - $5,000 = $0 (there are no negative tax credits)
the lesser between $61 and $0 is $0.
A project team that operates with a full-time project manager as a separate unit from the rest of the organization is structured using ________ organization.
Answer:
E.) Projectized
Explanation:
These are the options
A. Functional
B. Balanced matrix
C. Weak matrix
D. Strong matrix
E. Projectized
A project team that operates with a full-time project manager as a separate unit from the rest of the organization is structured using projectized organization.
A projectized organization reffered to as a settings, where activities are arranged in form of projects or even programs and these activities are been executed, these projects are carried out by team with a project manager as their authority in which all the member of the team gives report to.
"a perfectly competitive market. The firm will stay in the market in the long run only if the market price is greater than or equal to"
Answer:
$10 for 200 units which means $0.05 per unit.
Explanation:
The firm will only survive in a perfectly competitive market if its average cost is at minimum level which we can see in the figure. The lowest average cost is $10 for 200 units which means average cost per unit is $0.05 per unit. At this stage the company will be able to produce higher profits because its average cost per unit is at minimum level.
The sensitivity of "realized" domestic currency values of the firm's contractual cash flows denominated in foreign currency to unexpected changes in the exchange rate is
Answer: Transaction exposure
Explanation:
Transaction exposure is simply the sensitivity of "realized" domestic currency values of the firm's contractual cash flows denominated in foreign currency to unexpected changes in the exchange rate.
Transaction exposure shows the uncertainty level that is faced by a business that is involved in international trade. It is regarded as the risk that there'll be fluctuation in the exchange rates will when a firm undertakes a financial obligation.