When the bonds are repaid at the maturity date, the journal entry will require the following entries Debit bonds payable $200,000 and Credit cash $200,000.
In a bond, the issuer owes the bond holder money and is required under the bond's terms to return the bond's principle and interest within a predetermined time frame until the bond matures. Interest is often required at preset periods, such as every six months, every year, and less frequently at various times.
Therefore, a sort of debt or debt confirmation is an obligation. Despite the fact that both stocks and bonds are regarded as securities, stockholders own shares in the corporation, and bondholders own creditors' shares.
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laws passed in the late 1990s restricted the activities of financial firms to narrowly defined services they could provide, prompting the financial crisis of 2007 and 2008. group of answer choices true false
The following statement "laws passed in the late 1990s restricted the activities of financial firms to narrowly defined services they could provide, prompting the financial crisis of 2007 and 2008" is False.
A financial crisis is any of a wide range of circumstances when some financial assets unexpectedly lose a significant portion of their nominal value. Many financial crises and banking panics occurred in the late 19th and early 20th centuries, and many recessions followed these panics.
Various circumstances that are frequently referred to as financial crises include currency crises, sovereign defaults, stock market collapses, and the deflation of other financial bubbles. Financial crises immediately cause a loss of wealth on paper, but they do not always have a big impact on the real economy.
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the expected return on the market is 18%. the expected return on a stock with a beta of 1.2 is 20%. what is the risk-free rate?
The Risk-free rate is 8%.
By risk, what do you mean?
Risk is defined as the potential for future earnings or outcome to differ from expectations. Risk is a measure of how much uncertainty an investor is willing to accept in order to make a profit from their investment. Risks come in a variety of forms and come from various conditions.
Briefing:
Under CAPM, Ke= Rf + β(Rm-Rf)
Rf-risk-free rate (treasury bill rate), β= Beta, Rm= Return on market.
Using this model, we can work out the risk free rate as follows:
DATA
Ke-20%
Rf- ?
β-1.2
Rm- 18%
substituting, we have
0.2= Rf + 1.2× (0.18-Rf )
0.2 = Rf + 0.216 - 1.2Rf
1.2Rf-Rf= 0.216 - 0.2
0.2Rf = 0.016
Rf =0.016/0.2=0.08
Rf = 0.08 × 100 = 8%
Risk-free rate = 8%
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a manufacturer requires ending inventory of 5,000 units. their budgeted unit sales are 20,000 units and beginning finished goods inventor is 3,000 units. the units to be produced is
12,000 units are required to be produced.
Information given:
Ending inventory = 5,000 Units
Budgeted sales = 20,000 Units
Beginning finished goods inventory = 3,000 Units
The following are the calculations of the units to be produced:
Formula:
Units to be produced = Sales - Beginning inventory - Ending inventory
Calculations:
Units to be produced = 20,000 Units - 3,000 Units - 5,000 Units
= 12,000 Units.
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which of the following is not a form of debt financing? a.crowdfunding b.personal credit cards c.a bank loan d.borrowing from family and friends e.a loan from the small business administration (sba)
MM showed that, in the absence of taxes, debt financing is neither better nor worse than equity financing because the asset to be financed is the same.
A company can generate money for working capital or capital expenditures by selling debt instruments to retail and/or institutional investors through the debt financing process. The individuals or groups that receive the cash become creditors and are guaranteed that the loan's principle and interest will be repaid. The equity financing procedure, which involves issuing stock in a public offering, is another way to raise money in the debt markets.
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the feed-mix problem from agricultural applications is a special case of the more general part 2 a. chemical-balance problem. b. product-mix problem. c. labor scheduling problem. d. diet problem.
The more widespread issue of part diet is exemplified by the agricultural feed-mix problem.
Why do people eat so many different kinds of food?In addition to providing the body with a variety of nutrients, promoting good health, and decreasing the risk of disease, eating foods from the five major food groups keeps your diet interesting by offering a variety of flavors and textures.
Which of the four nutritional issues are they?The following are major nutritional issues: 1) Nutritional deficiency in mothers; 2) malnutrition of protein and energy; 3) a lack of vitamin A; 4) Failure to breastfeed; 5) dependence on breastfeeding; 6) improper use and preparation of artificial milk products.
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To maximize profits, a firm should hire additional resources as long as each additional resource unit adds more to costs than it does to revenue. O True O False
Yes it is true that To maximize profits, a firm should hire additional resources as long as each additional resource unit adds more to costs than it does to revenue.
Profit maximization is a process that businesses go through to make sure the best levels of output and prices are realized in order to maximize their returns. The company modifies important variables like sale price, production costs, and output levels in order to achieve its profit objectives. Profit maximization is a desirable goal in business, but it can be detrimental to the client if, for instance, lower-quality labor and materials are employed or if the company decides to charge more to complete projects.
The hardest element of the goal of profit maximization is that it ignores non-tangible advantages like quality, image, technological breakthroughs, etc.
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Kim and Kanye were married and owned a vacation home called God's land as tenants by the entirety. One night,
Kim had too much to drink and got into an accident. She hit a car driven by Tupac, injuring him badly. Tupac sued and obtained a $2,000,000 judgment against Kim. Because Kim had insufficient insurance to pay this amount, Tupac wants to satisfy the judgment against God's Land. Which of the following is true in most American jurisdictions that allow tenancy by the entirety? Hint: Sawada v. Endo applies that view.
A: Tupac should be able to reach Kim's half-interest in God's Land, because tort judgments are generally an exception to the rule against unilateral severance.
B: Tupac will not be able to attach God's Plan at all, because property held in tenancy by the entirety is not subject to debts of one spouse only.
C: Tupac will not be able to reach God's Land now but can create a lien on the property, which she can enforce upon sale of the property.
D: Talia should be able to reach the entirety of Greenacre, because Kim was entitled to possession of the whole.
Tupac will be unable to attach God's Plan because property held in tenancy by the entirety is not subject to debts of one spouse only, as is the case in the majority of American jurisdictions that allow tenancy by the entirety.
The tenure system based on the leasehold is temporary ownership over land in order to hold land.
The property details, rental sum and deposits, tenancy period and renewal option, landlord's responsibilities, tenant's obligations, house rules, restrictions and constraints, and how to resolve disagreements should all be included in a Tenancy Agreement.
Hence, the correct answer is "B" option.
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in the long-run, . group of answer choices all of the following answer choices are correct. inflation depends primarily upon the money supply growth rate there is a tradeoff between the inflation rate and the natural rate of unemployment the natural rate of unemployment depends primarily on the level of aggregate demand
In the long-run, inflation depends primarily upon the money supply growth rate.
Inflation refers to a popular boom inside the costs of products and offerings in an economy. when the overall fee degree rises, every unit of forex buys fewer items and services; consequently, inflation corresponds to a discount inside the purchasing power of cash.
Inflation is the rate of boom in costs over a given period of time. Inflation is generally a extensive measure, including the general increase in fees or the growth inside the cost of residing in a rustic.
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hasan electric declared a dividend of $.48 per share on monday, october 18. the dividend will be paid on monday, november 15, to shareholders of record on friday, october 29. which one of the following is the ex-dividend date? multiple choice tuesday, october 26 wednesday, october 27 thursday, october 28 wednesday, november 10 thursday, november 11
On Monday, October 18th, Hassan Electric announced a dividend of $.48 per share. On Friday, October 29th, the dividend will be distributed to shareholders of record as of Monday, November 15th. The ex-dividend date in this case is October 27, a Wednesday.
The day when a company's board of directors declares a dividend payment is referred to as the declaration date or announcement date. It is October 18 in this instance.
The ex-dividend date is typically two business days prior to the record date and is currently established by the NYSE. It is now October 27 in this instance.
The corporation checks to discover who the shareholders of record are on the record date. T+2 business days following the ex-date is the record date. In this instance, the date is October 29. A dividend is paid to investor accounts on the payment day. It is November 15 in this instance.
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In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation. Assume that none of the corporate shareholders owns 20% or more of the stock in the corporations paying the dividends. Income from operations Expenses from operations Qualifying dividends Almond Corporation 700,000 (600,000) 100,000 Banana Corporation $800,000 (860,000) 100,000 Cherry Corporation $900,000 (910,000) 100,000 Click here to view the dividend received deduction table. a. The dividends received deduction for Almond Corporation is b. The dividends received deduction for Banana Corporation is c. The dividends received deduction for Cherry Corporation is 70,000 X 70,000X 63,000 X
Dividends Almond Corporation=,[tex]700001.2[/tex] Banana Corporation=[tex]800001.72[/tex] Cherry Corporation=[tex]900001.82[/tex]
Dividends received deduction =total ordinary dividends./ qualifying for this deduction*"percent qualifying for deduction
dividends Almond Corporation= [tex]700,000+ (600,000) /100,000 *20[/tex]%=[tex]700001.2[/tex]
Banana Corporation= $[tex]800,000+ (860,000)/ 100,000*20[/tex]%=[tex]800001.72[/tex]
Cherry Corporation=[tex]$900,000 +(910,000)/ 100,000 *20%[/tex]%=[tex]900001.82[/tex]
A corporation that gets dividends from other corporations in which it owns stock is entitled to a tax deduction known as the dividends-received deduction under U.S. federal income tax law. This deduction aims to lessen the effects of supposed triple taxation. If not, the corporation that made the earnings would be taxed first, followed by the corporate shareholder, and finally the individual shareholder. Although Congress permitted the double taxation of companies, it did not intend for a triple tax to be imposed on corporate profits at every stage of distribution. The consolidated return regulations, which permit related firms to file a single consolidated return for U.S. federal income tax purposes, are complemented by the dividends-received deduction.
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as you’ve learned in this course, stakeholders are people who invest time, interest, and resources into the projects you’ll be working on as a data analyst. let’s say you’re working on a project involving data and strategy. based on what you find in the organizational chart, if you need information from the primary stakeholder, who can you ask?
Vice-President, Data & Strategy, Data management, analysis, and decision-making procedures are governed by a set of tools, procedures, and guidelines known as data strategy.
What is data so crucial to strategy?Long-term company objectives are supported by data strategies that enable innovation and value generation in line with current and anticipated market trends. In addition, analysts claim that the lack of a data strategy to support sound decision-making is the primary reason why the majority of businesses today fail.
A data strategist is what?The main duties of a data strategist are to establish and manage relationships, as well as to recognize, plan, coordinate, and manage all processes involving the blending of data from multiple sources into a coherent whole.
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After the increase in the price level, the quantity of money demanded at the initial interest rate of 9% will be (greater, less) than the quantity of money supplied by the Fed at this interest rate. People will try to (increase, decrease) their money holdings. In order to do so, people will (buy, sell) bonds and other interest-bearing assets, and bond issuers will find that they (have to offer higher, can offer lower) interest rates until the money market reaches its new equilibrium at an interest rate of BLANK.
The change in the interest rate that you found previously will cause residential and business investment spending to (fall, rise), leading to (an increase, a decrease) in the quantity of output demanded in the economy.
The amount of money sought at the initial interest rate of 9% will be greater than the amount of money given by the Fed at this interest rate after the increase in the price level.
Which interest rate do you mean?In addition to the principal amount, the lender will charge the borrower an interest rate. Given the time worth of money, a person who deposits money in a bank or other Financial institution also makes additional money, known as interest, which is paid to the receiver. 2023 could see an increase in mortgage rates. This year, rates have increased due to a combination of factors including high inflation, a robust housing market, and changes in Federal Reserve policies. However, we might observe a decline in mortgage rates if a significant recession occurs.
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when identifying your interests as you prepare to conduct your job search, what questions should you ask yourself? check all that apply. am i looking for travel opportunities? what characteristics would my ideal boss have? which job boards should i use to post my résumé? must i work in a specific city, geographic area, or climate? what websites should i search?
When identifying interests while preparing to conduct a job search, the questions that will be important are How important are working environment, colleagues, and job stimulation to me?, Am I looking for money, power, or prestige?, Do I enjoy working with people, data, or things?
The relationship between the two parties that governs the performance of remunerative work is known as a job. In most cases, employers, which may be corporations, non-profit organizations, cooperatives, or other organizations, pay workers under a contract in return for completing their assigned work.
Workers are compensated for their work through wages paid by the hour, by the piece, or by the year, depending on the type of work being done, prevailing industry conditions, and the bargaining power of the parties.
Hence the correct options are 1, 3 and 5.
The above question is incomplete, the complete question is -
When identifying your interests as you prepare to conduct your job search, what questions should you ask yourself? List all that apply.
1. How important are working environment, colleagues, and job stimulation to me?
2. Does the career center at my school offer interview coaching?
3. Am I looking for money, power, or prestige?
4. Will a recruiter access my résumé on this online job site?
5. Do I enjoy working with people, data, or things?
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technology is the set of processes and systems used by organizations to convert resources into products or services. which process must be applied in order for a company to ensure its work can be completely performed by machine?
The process that must be applied in order for a company to ensure its work can be completely performed by machine is Automation process.
What is automation about?Technology is used in process automation to automate complex business processes. Technology is the collection of processes and systems that organizations use to transform resources into products or services.
The technology-enabled automation of complex business processes is known as business process automation, also known as business automation or digital transformation. It can simplify a business, achieve digital transformation, increase service quality, improve service delivery, or reduce costs.
It should be noted that automation is the act of replacing humans with machines when carrying out a series of tasks. In a business context, the term is commonly used to describe business process automation, in which software programs execute a set of activities within the modern, digital enterprise.
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what are some of the approaches john maynard keynes recommended to spur economic growth during economic downturns?
The two main ideas of John Maynard Keynes are First, aggregate demand is more likely than aggregate supply to be the primary cause of a short-run economic event like a recession. The secondary, wages and charges can be discomfort, and so, in an economic downturn, unemployment can result.
Keynes economists would advocate deficiency of spending on labor-intensive infrastructure projects to restoring employment and maintain wages during economic downturns. They would increase taxes to cool the economy and prevent inflation when there is ample demand-side growth.
Keynes economists argues that demand and supply and that healthy economies spend or invest more than they save. To provide jobs and to entertain consumer buying power during a recession, Keynes held that governments should increase paying, even if it means going into loan.
Keynesian economics overcame the economic theory after World War II until the 1970s, when many economies suffered both inflation and slow growth.
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zack is the manager of a group of clerical workers. he is considering implementing a new computer system. before he decides what to do, he carefully asks a series of questions concerning how he should come to his decision. in all likelihood, zack is following which theory of leadership?
The decision-making model is followed by Zack.
A team's decision-making process is described by a decision-making model. Every team member must be aware of the process that will be followed in order for a decision to be made successfully.
Managers utilize decision-making as a leadership talent to analyse situations and choose how to move the organisation forward.
The following steps are included in the decision-making process: Identifying the difficulty, the manager finds a problem and ascertains the circumstances that gave rise to it in this stage.
In order to find the optimal answer to a problem, the decision-making process enables the examination of all potential solutions.
The steps involved in making a decision are define, identify, assess, consider, implement, and evaluate.
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has created a will that leaves exactly $2 million to his husband in anticipation of his income needs. what type of will has garrett created?
Garret has created an exemption trust which leaves exactly $2 million to his husband in anticipation of his income needs.
An arrangement known as a business will typically take the form of a buy-and-sell option. It guarantees a smooth transfer of ownership in the event of a business owner's death, total and permanent disability, or trauma.
A married couple's estate can significantly cut or completely avoid federal estate taxes by establishing an exemption trust. This kind of estate plan creates an irrevocable trust to hold the assets of the first to pass away spouse.
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mikaere's basis in the jimsoo partnership is $57,000. in a proportionate liquidating distribution, mikaere receives cash of $7,800 and two capital assets: (1) land a with a fair market value of $21,600 and a basis to jimsoo of $17,200, and (2) land b with a fair market value of $10,600 and a basis to jimsoo of $17,200. jimsoo has no liabilities.
David assigns a basis of :
Cash
7,800
The first parcel of land
17,200
The second parcel of land
17,200
42,200
As the amount of $42,200 of the bases is less than David’s basis in Jimsoo thus will be required for the allocation of the excess amount outside basis to the basis in the distributed assets. David has a remaining outside basis of 57,000 - 42,200 = 14,800.
David will increase the basis of the first parcel land by $14,400 to $21,600.
Thus will be left with $400 remaining to be allocated
Land 1: Basis allocation = 400 * 21,600 / 32,200 = 268.32
Land 2: Basis allocation = 400 * 10,600 / 32,200 = 131.68
David’s bases in the distributed assets
Land 1: Basis allocation = 17,200 + 14,400 + 268.32 = 31,868.32
Land 2: Basis allocation = 17,200 + 131.68 = 17,331.68
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hodges1. what role should ethics play in the writing of a proposal such as this? did the peo do the ethicalthing for david? how much money should the peo have tried to make? what would you have done if you were part of management at the peo?
Because there is a connection between providing a service to a consumer and ethics, drafting a proposal for a startup business requires careful consideration.
The utilitarian teleological perspective comes to mind when considering businesses that provide products and services to clients, as David did in this instance. Although the PEO still needs to turn a profit, it should also think about remaining competitive with other businesses that provide the same services to draw clients. Additionally, a price that is appropriate for its services must be taken into account. They made the proper decision by reconsidering their offer to David after realizing it was excessively high. It might still have been above average, but it wasn't as astronomically high as it had been before.
Some businesses think their costs reflect the quality of the services they offer. Although we are unsure of what sets this PEO apart from others, it's possible that their offerings are superior to those of their rivals. The PEO should make as much as it needs to profit. Any price that is too high will deter customers, regardless of the services offered, and any price that is too low won't ever be adequate for a business to expand.
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An increase in the expected price level shifts short-run aggregate supply to the.
An increase in the expected price level shifts short-run aggregate supply to the short-run but not the long-run aggregate supply curve left.
long-runA lengthy run is a period of time when a manufacturer or producer is able to make flexible manufacturing decisions. Based on predicted earnings, businesses can either increase or decrease production capacity, or enter or depart an industry. Long run: The elements connected with production, as well as the accompanying costs, are vary in the long term. During this time, a company gains decision-making flexibility. Furthermore, a company might anticipate increased rivalry in the long run.
COMMON People use in the long run or over the long run to describe how things happen or evolve over time.
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the following information describes a company's usage of direct labor in a recent period: actual direct labor hours used 40,000 actual rate per hour $21.00 standard rate per hour $10.00 standard hours for units produced 26,500 how much is the direct labor rate variance?
(Actual time used - Normal hours) x Standard rate equals (40,000 -1730.83) × 824.20 = 31541449.9 for direct labor efficiency variation. positive variation
Give an example of direct labor.Any employee who works directly on a product's production process is referred to as direct labor. If your company manufactures bicycles, the bicycles are made by the employees, who are regarded as direct labor. Direct labor includes people who work as manufacturers and suppliers, welders, painters, and machine operators.
WHY importance of direct laborWhen evaluating labor inputs, it's crucial to pinpoint the specific cost variables that go into producing a certain good. More the wage costs you can apply directly to the production of products, the more precisely the business can measure costs.
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Using Inventory Analysis Tools
AutoZone and O'Reilly are two competitors in the retail automotive parts industry.
AutoZone O'Reilly
Average 2015 Inventory $3,320,864 $2,632,898
2015 Sales 10,498,448 8,277,782
2015 Cost of goods sold 4,860,309 3,804,031
Average 2014 Inventory $3,040,553 $2,504,914
2014 Sales 9,786,421 7,527,189
2014 Cost of goods sold 4,540,406 3,507,180
Use the information above to compute the companies' gross profit margin and days inventory outstanding for both years.
Round answers to one decimal place (ex: 0.2345 = 23.5%).
The information above to compute the companies' gross profit margin and days inventory outstanding for both years.Margin of gross profit: 53% and 54% 249 and 252 days of inventory are still unpaid.
Sales *100 / Gross Profit = Gross Profit Margin
Sales minus Cost of Goods Sold is gross profit.
Gross Profit: 1,0,498,448 - 4,860,309 = 5,638,139 for the year.Year 2: 4,473,751 GP margin (8,277,782-3,804,031):
Year 1 53%
Year 2 = 54%
Average inventory/cost of sales*365 days = days of inventory.1,320,864 days (3,320,864/4,860,309*365) = 249days 365 = 252 days in Year 2: 2,632,898/3,804,031Stock of finished goods as of December 31, 2014 was $345,000.
Inventory of work in progress as of December 31, 2014: $83,500 Inventory of work in progress as of December 31, 2015: $72,300 2015 manufacturing cost of goods: $918,700.Stock of finished goods as of December 31, 2015 was $283,600.First, we must determine the cost of producing the goods.Cost of goods manufactured: $918,700 + $83,500 - $72,300 = $929,900 Cost of goods manufactured: = Cost of goods manufactured, 2015 + Beginning work in process inventory - Ending work in process inventory.
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__________ is a binary integer programming problem that involves choosing which possible projects or activities provide the best investment return.
a. Market share optimization problem
b. Capital budgeting problem
c. Fixed-cost problem
d. Location problem
b. Capital budgeting problem
A capital budgeting problem is a binary integer programming problem that involves choosing which possible projects or activities provide the best investment return.
A binary number is more than a few expressed inside the base-2 numeral device or binary numeral system, a technique of mathematical expression that makes use of only symbols: commonly "zero" and "1". the bottom-2 numeral machine is a positional notation with a radix of two. every digit is known as a bit or binary digit.
In pc applications, where binary numbers are represented through the most effective two symbols or digits, i.e. 0 (0) and 1(one). The binary numbers here are expressed within the base-2 numeral machine. for instance, (101)2 is a binary variety. every digit in this system is said to be a piece.
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capital budgeting is probably the most important of the three key areas of concern to the financial manager because blank .multiple choice question.it's the least understoodit's the most difficultit's the most controversialit defines the business of the firm
Answer:
Capital Budgeting is probably the most important of the three key areas of concern to the financial manager because it defines the business of the firm.
Explanation:
Because it establishes the firm's business strategy, capital budgeting is likely the most crucial of the finance manager's three primary areas of concern.
Understanding the guiding moral principles that motivate desirable ethical behaviour is crucial, as well as how a lack of these moral values contributes to the failure of many otherwise bright, talented individuals and the organisations they represent.
The procedure a company uses to assess potential big projects or investments is called capital budgeting.
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which of the following statements is true?group of answer choiceswith floating exchange rates, the foreign exchange market determines the exchange rate, whereas with a merging currencies approach, a nation adopts another country’s currency.with hard exchange rate pegs, the market determines the exchange rate with some intervention from the central bank, whereas with soft exchange rate pegs, the central bank sets a fixed currency.the main difference between floating exchange rates and soft exchange rate pegs is that the market completely determines soft exchange rate pegs, while floating exchange rates are influenced by central bank interventions on occasion.floating exchange rates are relatively stable, whereas merging currencies can change a great deal in a short time.
The true statement about floating exchange rates is that with its adoption, the foreign exchange market can determines the exchange rate whereas with a merging currencies approach, a nation adopts another country’s currency.
In economics, a floating exchange rate refers to a regime whereby the currency price of a nation is set by the Forex market based on supply and demand relative to other currencies. This regime is in contrast to a fixed exchange rate in which the government entirely or predominantly determines the rate. Most country's currency prices can be determined in two ways: either by a floating rate or a fixed rate. As the mentioned above, the floating rate is usually determined by the open market through supply and demand, therefore, if the demand for the currency is high, the value will increase. If demand is low, this will drive that currency price lower.
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As a promotion, the first 50 customers who entered a certain store at a mall were asked to choose from one of two discounts. The first discount choice was 20% off all purchases made that day. The second discount choice was 10% off all purchases for the week. Of those who received the discounts, 28 chose the first discount and 22 chose the second discount. One customer will be selected at random from those who received a discount. Let F represent the event that the selected person chose the first discount, and let S represent the event that the selected person chose the second discount.
Are F and S mutually exclusive events?
AYes, because P(F∩S)=0.
BYes, because P(F∩S)=0.12.
CYes, because P(F∩S)=1.
DNo, because P(F∩S)=0.
ENo, because P(F∩S)=1.
As a promotion, the first 50 customers who entered a certain store at Let F represent the event that the selected individual chooses the first discount and let S represent the event that the selected individua the second discount.Then F and S are mutually exclusive events.
50 customers were asked to choose from one of
two discounts.The first discount choice = 20% off all purchases made that day.The second discount choice = 10% off all purchases for the week
28 chose the first discount 22 chose the second discount.When twO events cannot happen at the same
moment, they are mutually exclusive.
F represents the event that the selected person
chose the first discount S represents the event
that the selected person chose the second
discount, yes F and S can not OcCur at the same
time so in the case of mutually exclusive, P(F n
S).50 clients were given the option to select between two discounts. The first option for a discount is 20% off any purchase made that day. The second option for a discount is 10% off every purchase for the week. 28 selected the initial reduction 22 opted for the second reduction.If two things can't happen at the same moment, they are mutually exclusive.F represents the scenario in which the chosen individual selected the first discount.
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On december 31, brown company issued $750,000 of 20-year, eight percent bonds payable for $621,307, yielding an effective interest rate of ten percent. Interest is payable semiannually on june 30 and december 31. Prepare journal entries to reflect (a) the issuance of the bonds, (b) the semiannual interest payment and discount amortization (straight-line interest method) on june 30, and (c) the semiannual interest payment and discount amortization on december 31.
(a) Debit Cash 621,307
Credit Bonds Payable 750,000
Credit Discount on Bonds Payable 128,693
(b) Debit Interest Expense 37,500
Debit Discount on Bonds Payable 8,125
Credit Cash 45,625
(c) Debit Cash 37,500
Debit Discount on Bonds Payable 8,125
Credit Interest Expense 45,625
By interest rate, what do you mean?The sum that the borrower demands from the lender in addition to the principal amount is known as the interest rate. Regarding the receiver, a person who invests money in a bank or another financial institution also makes extra income due to the time worth of money, which is known as interest earned by the depositor.
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A set of procedures and sources used by managers to obtain everyday information about pertinent developments in the environment is ___________.
a) Marketing
b) Crowdsourcing
c) External reports
d) The internal reports systems
e) The marketing intelligence system
Option e is correct. A set of procedures and sources used by managers to obtain everyday information about pertinent developments in the environment is the market intelligence system.
A marketing intelligence system is a collection of processes and resources that managers utilize to get daily updates on significant changes in the environment in which they work. Data on the market are provided by the marketing intelligence system.
Among the marketing and behavioral topics that haven't gotten much attention is marketing intelligence. Although marketing intelligence may be viewed as an ancillary responsibility of the sales force, due to their position at the perimeter, they can give their organization immediate access to crucial information about consumers and competitors. In this study, attention has been given to managerial elements that were influenced by personal traits like organizational commitment, including communication, participation in decision-making, feedback, and recognition. The updated version of the model suggests that organizational commitment is the primary determinant in what drives behavioral effort.
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Belinda thinks her company should use a push strategy for its new product line because it needs to educate consumers on how to use the product. How does a push strategy promote products?.
Push strategy promote products through personal selling to educate consumers on how to use the product.
What do you mean by "personal selling"?Personal selling, often known as face-to-face selling, is a sales strategy in which one salesman attempts to convince a customer to buy a product. It's a form of advertising where the salesperson uses their skills and knowledge to try to seal the transaction.
Why is personal selling so important?Personal selling enables a salesperson to highlight a product and tailor their pitch for each prospect, which aids in closing a sale. Professional salespeople are knowledgeable and creative.
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The ______model of corporate social responsibility (CSR) asserts a business nor the individuals who work for it are exempt from the ordinary ethical responsibilities to cause no harm, prevent harm, and sometimes do goodA) StakeholderB) EconomicC) PhilanthropicD) Integrative
The Stakeholder model of corporate social responsibility (CSR) asserts a business nor the individuals who work for it are exempt from the ordinary ethical responsibilities to cause no harm, prevent harm, and sometimes do good.
A company or the people who work for it are not free from the general ethical duties that everyone has to create no harm, prevent harm, and occasionally do good.
The stakeholder theory is a business ethics and organizational management theory that takes into account many constituents influenced by company entities, such as employees, suppliers, local communities, creditors, and others.
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