The _____ step of systems development involves studying the existing system to uncover its strengths and weaknesses and interviewing those who will use the new system to identify what the system must do to meet their needs and the needs of an organization.

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Answer 1

The analysis phase of systems development involves studying the existing system, identifying its strengths and weaknesses, and interviewing users to determine their needs and organizational requirements.

During the analysis phase of systems development, thorough examination of the current system takes place. This includes assessing its functionality, performance, and limitations. By studying the existing system, analysts can identify areas that need improvement and determine the requirements for the new system.

This phase also involves gathering feedback from the users who will interact with the new system, as their input is crucial for understanding what the system must accomplish to meet their needs effectively.

Interviews with users and stakeholders help uncover valuable insights into their expectations and specific requirements. By conducting interviews, analysts can identify pain points, understand user workflows, and gather essential information to design a system that aligns with the organization's goals. This collaborative approach ensures that the new system addresses user needs and fulfills the organization's requirements.

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At W.L. Gore, a company that makes Gore-Tex and 1,000 other products, any employee can propose a new product. The employee must put together a plan and find sponsors within the company. The sponsors act as a team. The advantage of this is

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The advantage is increased innovation, employee engagement, and leveraging diverse perspectives and expertise for product development.

By opening up the product proposal process to all employees, W.L. Gore taps into the diverse knowledge, skills, and perspectives of its workforce. This inclusivity encourages employees to actively participate in generating new ideas and solutions. It empowers individuals to take ownership of their ideas and pursue opportunities for innovation within the company.

Having employees put together a plan and find sponsors within the company ensures that proposals are well thought out and supported by relevant stakeholders. This helps to refine and validate the viability of the proposed product before significant resources are allocated to its development.

The sponsorship team, consisting of employees who support and champion the proposed product, acts as a collaborative and cross-functional unit. This teamwork encourages the exchange of expertise, the sharing of resources, and the alignment of different perspectives. It enhances the overall quality of the product development process and increases the likelihood of success.

Ultimately, this approach fosters a culture of innovation, fosters employee engagement, and leverages the collective intelligence of the organization. It allows W.L. Gore to continually explore new product opportunities and stay competitive in the market.

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bruceco is planning on selling coffee cups for $14 each. the company can buy the cups for $2.00 and have them printed for $1.50 each. the package costs fifty cents per cup. there is a one-time set up charge from the printer of $3,000. how many coffee cups will bruceco have to sell in order to breakeven?

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To calculate the breakeven point for BruceCo, we need to consider the total cost and the selling price per coffee cup. BruceCo will need to sell 300 coffee cups in order to breakeven.

The total cost per cup can be calculated by adding the cost of buying the cups, the cost of printing, and the packaging cost. In this case, it would be $2.00 + $1.50 + $0.50 = $4.00.
Next, we need to determine the total fixed costs, which in this case is the one-time set up charge of $3,000.
To calculate the breakeven point, we divide the total fixed costs by the contribution margin. The contribution margin is the selling price per cup minus the total cost per cup.
In this case, the selling price per cup is $14.00 and the total cost per cup is $4.00. So, the contribution margin would be $14.00 - $4.00 = $10.00.
Now, we can calculate the breakeven point by dividing the total fixed costs ($3,000) by the contribution margin ($10.00).
Breakeven point = Total fixed costs / Contribution margin
Breakeven point = $3,000 / $10.00
Breakeven point = 300 cups
Therefore, BruceCo will need to sell 300 coffee cups in order to breakeven.

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A minimum wage set above the equilibrium wage rate for low-skilled workers ________.

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Setting the minimum wage above the equilibrium wage rate for low-skilled workers can have both positive and negative effects. While it may lead to higher wages for some workers, it can also result in reduced job opportunities, increased labor costs, and potential technological substitution.

A minimum wage set above the equilibrium wage rate for low-skilled workers can have several effects.

1. Firstly, it may lead to a decrease in employment opportunities for low-skilled workers. When the minimum wage is set above the equilibrium wage rate, it creates a situation where employers are required to pay more than what the market dictates. As a result, employers may not be able to afford to hire as many workers, leading to a reduction in job opportunities.

2. Additionally, a higher minimum wage can lead to increased labor costs for businesses. This can result in higher prices for goods and services, as businesses try to offset the increased costs. Consumers may then face higher prices, which can reduce their purchasing power.

3. Another consequence of setting the minimum wage above the equilibrium is the potential for workers to be replaced by automation or technology. If businesses find it more cost-effective to invest in technology rather than hiring workers at the higher wage, it could lead to a decrease in employment opportunities for low-skilled workers.

4. On the other hand, setting the minimum wage above the equilibrium can also lead to higher wages and improved living conditions for low-skilled workers who remain employed. It can help to reduce income inequality and provide workers with a higher standard of living.

The impact of a higher minimum wage depends on various factors, including the specific economic context and the elasticity of labor demand and supply.

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the single most imporatnt phenomenon in the us labor market in the second half of the 20th century was

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The single most important phenomenon in the US labor market in the second half of the 20th century was the shift from a manufacturing-based economy to a service-based economy. This transition had significant implications for the job market and the overall structure of the economy.



1. Rise of the service sector: As the manufacturing industry declined, the service sector experienced rapid growth. Jobs in fields such as healthcare, education, finance, and technology became more prevalent.

2. Changing skill requirements: The shift towards a service-based economy led to an increased demand for workers with specialized skills and knowledge. Jobs now required higher levels of education and training, such as degrees or certifications.

3. Automation and technology: Advancements in technology and automation also played a role in shaping the labor market. Many routine manufacturing jobs were replaced by machines, while new jobs emerged in industries related to technology and information.

4. Globalization: The rise of globalization further influenced the labor market. Companies began to outsource manufacturing jobs to countries with lower labor costs, leading to job losses in certain sectors.

5. Impact on wages and inequality: The shift towards a service-based economy also had implications for wages and income inequality. Service sector jobs tend to have lower wages compared to manufacturing jobs, leading to a widening wage gap.

Therefore, the transition from a manufacturing-based economy to a service-based economy was the most important phenomenon in the US labor market in the second half of the 20th century. This shift affected the types of jobs available, skill requirements, and income inequality.

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Which duration is computed by discounting flows using the yield to maturity of the bond?

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The duration that is computed by discounting cash flows using the yield to maturity of the bond is called Macaulay duration.

Macaulay duration is a measure of the weighted average time until the bond's cash flows (interest payments and principal) are received. It takes into account both the timing and amount of each cash flow and is expressed in terms of years. The calculation involves discounting each cash flow by the yield to maturity and weighting them based on their present value contribution to the bond's total value.

It provides an estimate of the bond's price sensitivity to changes in interest rates. Higher duration indicates higher price sensitivity to interest rate fluctuations, and vice versa.

Macaulay duration is a useful tool for bond portfolio management, risk analysis, and immunization strategies.

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You find that a firm has a total debt ratio of 0.63. What is the equity multiplier for this firm?

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In summary, the equity multiplier for a firm with a total debt ratio of 0.63 is 2.7027. This indicates that the firm has financial leverage of approximately 2.7027, meaning that its assets are financed by debt more than equity.

The equity multiplier represents the financial leverage of a firm and is calculated as the ratio of total assets to total equity. In this case, we are given that the firm has a total debt ratio of 0.63.

To find the equity multiplier, we can use the following formula:

Equity Multiplier = Total Assets / Total Equity

Since the total debt ratio is equal to total debt divided by total assets, we can write the equation as:

Total Debt Ratio = Total Debt / Total Assets

Given that the total debt ratio is 0.63, we can rearrange the equation to solve for total debt:

Total Debt = Total Debt Ratio * Total Assets

Now, to find the equity multiplier, we substitute the values into the formula:

Equity Multiplier = Total Assets / Total Equity

Equity Multiplier = Total Assets / (Total Assets - Total Debt)

Substituting the value for total debt, we get:

Equity Multiplier = Total Assets / (Total Assets - (Total Debt Ratio * Total Assets))

Simplifying further:

Equity Multiplier = 1 / (1 - Total Debt Ratio)

Plugging in the value for the total debt ratio (0.63), we find:

Equity Multiplier = 1 / (1 - 0.63)

Equity Multiplier = 1 / 0.37

Equity Multiplier = 2.7027

Therefore, the equity multiplier for this firm is approximately 2.7027.

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The menu is the first step in planning the food and beverages you want to sell in your food service operation. Three major areas impact the menu decisions, they are; the restaurant layout, product consistency and availability and ________________.

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Given: The menu is the first step in planning the food and beverages you want to sell in your food service operation.

Three major areas impact the menu decisions, they are:

The restaurant layout, product consistency and availability and consumer preferences.

The menu is the first step in planning the food and beverages you want to sell in your food service operation.

Three major areas impact the menu decisions, they are:

The restaurant layout, product consistency and availability and consumer preferences.

The menu planning process is a very important step in the food service operation. It determines what dishes you will serve, and their composition, style and presentation.

The menu is the main element of food service operations since it is the list of dishes, desserts, and drinks that the restaurant offers to its customers.

The food service operation will always have to pay attention to the details of the menu, because it can dictate whether or not customers will return.

It is important to consider that the menu should be easy to read, visually appealing, and functional, which can increase sales of certain items on the menu, and prevent losing customers due to any issues with the menu that may arise.

Additionally, it is critical to ensure that the prices on the menu are appropriately set according to the type and quality of the food offered.

A properly planned menu can make a big difference in the profitability of a restaurant.

The menu planning process requires a creative process as well as careful planning, execution, and monitoring. In conclusion, the menu is the first step in planning the food and beverages you want to sell in your food service operation, and it is essential to take care of the details of menu development.

The menu plays a very important role in the food service operation and the overall success of the business.

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carton corporation is having liquidity problems, and as a result, it sells all of its outstanding stock to lambert, inc. for cash. because of catron's problems, lambert is able to acquire this stock at less than the fair value of the company's net assets. how is this reduction in price accounted for within the consolidation process

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The reduction in price when Lambert, Inc. acquires Carton Corporation's stock at less than the fair value of the company's net assets is accounted for as a gain on the bargain purchase in the consolidation process.

This gain represents the economic benefit obtained by Lambert, Inc. due to the discounted price at which the stock was acquired.

Carton Corporation's liquidity problems have led to the sale of all its outstanding stock to Lambert, Inc. at a price lower than the fair value of the company's net assets.

This reduction in price needs to be accounted for within the consolidation process.

When a company acquires another company's stock at a price below the fair value of its net assets, the difference between the fair value and the purchase price is recognized as a gain by the acquiring company.

In this case, Lambert, Inc. is acquiring Carton Corporation's stock at a discounted price due to the liquidity problems faced by Carton Corporation.

To account for this reduction in price within the consolidation process, the gain on the bargain purchase is recognized as income on Lambert, Inc.'s consolidated financial statements.

This gain reflects the economic benefit obtained by Lambert, Inc. through acquiring Carton Corporation's stock at a price below its fair value.

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In a life policy, a special benefit that prepays a portion of the death benefit during the lifetime of an insured in the event of a specific illness is called?

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The special benefit in a life policy that prepays a portion of the death benefit during the insured's lifetime in the event of a specific illness is called an accelerated death benefit. This benefit allows the insured to access a portion of their death benefit to cover medical expenses or other financial needs while they are still alive. It can provide a financial lifeline to individuals facing a serious illness.


1. An accelerated death benefit is a feature of a life insurance policy that allows the insured to receive a portion of the death benefit in advance if they are diagnosed with a qualifying illness.
2. This benefit is typically triggered when the insured is diagnosed with a terminal illness or a specific critical illness specified in the policy, such as cancer, stroke, or heart attack.
3. The purpose of the accelerated death benefit is to provide financial assistance to the insured during their lifetime to cover medical expenses, experimental treatments, or other financial needs that may arise due to their illness.

In summary, an accelerated death benefit is a special feature in a life policy that provides a portion of the death benefit in advance to the insured if they are diagnosed with a specific illness. It can offer financial support during a challenging time, allowing the insured to access funds that would otherwise be payable upon their death.

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If the scale of a map is 1:100,000, then ½ ft on the map represents ________ on earth's surface.

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If the scale of a map is 1:100,000, then ½ ft on the map represents 50,000 ft on Earth's surface.

The scale of a map, 1:100,000, means that one unit on the map represents 100,000 units on the Earth's surface.

If ½ ft on the map represents 50,000 ft on the Earth's surface, we can calculate the equivalent distance on the map by multiplying 50,000 ft by the map scale denominator (100,000), resulting in 25,000 ft on the map.

In other words, every 25,000 ft on the map corresponds to 50,000 ft on the Earth's surface, maintaining the scale ratio of 1:100,000.

This scale is useful for representing large areas on maps while maintaining relative distances between different locations.

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During its first year of operations, Pina Colada Corp. had these transactions pertaining to its common stock.

Jan. 10 Issued 26,100 shares for cash at $4 per share.

July 1 Issued 55,500 shares for cash at $8 per share.

(a) Journalize the transactions, assuming that the common stock has a par value of $4 per share.

(b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $3 per share.

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The journal entries for the transactions would vary based on whether the common stock has a par value or is no-par with a stated value. The entries for the no-par stock would include an additional account called "Additional Paid-in Capital" to reflect the difference between the cash received and the stated value of the stock.

(a) Assuming that the common stock has a par value of $4 per share:
1. On January 10, the company issued 26,100 shares of common stock for cash at $4 per share.
  The journal entry for this transaction would be:
  Cash  |   104,400
  Common Stock  |   104,400

2. On July 1, the company issued 55,500 shares of common stock for cash at $8 per share.
  The journal entry for this transaction would be:
  Cash  |   444,000
  Common Stock  |   222,000
  Additional Paid-in Capital  |   222,000

(b) Assuming that the common stock is no-par with a stated value of $3 per share:

1. On January 10, the company issued 26,100 shares of common stock for cash at $4 per share.
  The journal entry for this transaction would be:
  Cash  |   104,400
  Common Stock  |   78,300
  Additional Paid-in Capital  |   26,100

2. On July 1, the company issued 55,500 shares of common stock for cash at $8 per share.
  The journal entry for this transaction would be:
  Cash  |   444,000
  Common Stock  |   166,500
  Additional Paid-in Capital  |   277,500

In conclusion, the journal entries for the transactions would vary based on whether the common stock has a par value or is no-par with a stated value. The entries for the no-par stock would include an additional account called "Additional Paid-in Capital" to reflect the difference between the cash received and the stated value of the stock.

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Assume that this monopolist faces zero production costs. The profit-maximizing monopolist will set a price of

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The profit-maximizing monopolist will set the price where marginal revenue (MR) equals marginal cost (MC). Since the monopolist faces zero production costs, the marginal cost is also zero. Therefore, the monopolist will set the price based on the demand curve.

To find the price, we need to know the demand curve equation or schedule. Without this information, we can't provide a specific numerical answer. However, we can still discuss the general concept.

In general, the monopolist will set a price that maximizes its profits. This usually occurs at a quantity where the marginal revenue is zero or becoming negative. This is because beyond this point, producing more units would lead to a decrease in total revenue.

So, if the monopolist faces zero production costs, it can set a price that is higher than the marginal cost. This allows the monopolist to earn positive profits. The exact price will depend on the demand curve and the elasticity of demand.

In summary, the profit-maximizing monopolist will set a price where MR equals MC. However, without specific information about the demand curve, we cannot provide a specific numerical answer.

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then identify some other piece of information that might be useful to a potential future lender for chipotle. what information do you see on the financial statements that should be considered by potential lenders?

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They may request further information and documentation beyond the financial statements to assess the creditworthiness and risk associated with lending to Chipotle.

Lenders would be interested in assessing Chipotle's revenue and sales growth trends over multiple periods. This information helps gauge the company's ability to generate consistent income and its potential to repay loans.Lenders would analyze profitability ratios such as gross profit margin, operating profit margin, and net profit margin. These ratios provide insights into Chipotle's ability to generate profits after accounting for costs and expenses.Examining the cash flow statement allows lenders to understand the company's cash inflows and outflows from operating activities, investing activities, and financing activities.

This provides insights into Chipotle's cash flow generation, liquidity position, and ability to meet debt obligations.

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Jensen is 25 years old and is about to start his career as a business analyst. according to levinson, jensen is in the _____ phase of adult development. expert stagnant generative novice

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Jensen is 25 years old and is about to start his career as a business analyst. according to Levinson, jensen is in the novice phase of adult development. expert stagnant generative novice

Based on the information provided, Jensen is 25 years old and about to start his career as a business analyst.

According to Levinson's theory of adult development, Jensen is most likely in the novice phase. The novice phase occurs in early adulthood, typically between the ages of 17 to 33.

During this phase, individuals are transitioning from adolescence to adulthood and are exploring different roles and possibilities in their personal and professional lives.

They are often focused on establishing their identities and gaining experience in their chosen fields.

In Jensen's case, since he is just beginning his career as a business analyst, he is likely in the early stages of this phase, where he is learning and acquiring the skills necessary for his new role.

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Greta recognizes that one of her roles as a company sales rep is to be the firm's frontline emissary. As such, she strives to build strong relationships with customers and Multiple Choice disparage competitors' offerings. focus on the short term. use whatever means necessary to capture every possible sale. take a long-term perspective.

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Greta recognizes that one of her roles as a company sales rep is to be the firm's frontline emissary. As such, she strives to build strong relationships with customers and take a long-term perspective.

Companies to make strategic decisions in light of the long-term success of the company.

Greta recognizes that one of her roles as a company sales rep is to be the firm's frontline emissary.

As such, she strives to build strong relationships with customers and takes a long-term perspective.

Greta, being the company sales representative, understands the importance of her role in being a representative of the firm in the eyes of the customers.

As a result, she tries to establish strong relationships with customers and takes a long-term perspective.

A long-term perspective is significant because it enables companies to focus on strategic priorities that will benefit their long-term growth and development.

It enables companies to make strategic decisions in light of the long-term success of the company.

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you want to plan to provide for 4 year college expenses for two children. assume that the first child will be college going in 16 years and the other in 12 years. college tuition is 30,000 per year and tuition inflation is around 4%. how much do you need to save every month if the rate of return on your investments is 7%?

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Monthly savings needed should be approximately $1,227.47.

To calculate the monthly savings required, we'll consider the future value of college expenses for each child in their respective timeframes. For the first child going to college in 16 years, we have 16 years of savings and 4 years of college expenses. For the second child going to college in 12 years, we have 12 years of savings and 4 years of college expenses. Using the future value of a series formula:

Monthly savings = (Total college expenses / Future value annuity factor) * (1 + rate of return / 12)

Total college expenses = $30,000 * 4 years = $120,000

Future value annuity factor = (1 + 0.04)^(number of years) - 1) / 0.04

For the first child (16 years):

Future value annuity factor = (1 + 0.04)^16 - 1) / 0.04 = 21.747073

Monthly savings = ($120,000 / 21.747073) * (1 + 0.07 / 12) ≈ $560.25

For the second child (12 years):

Future value annuity factor = (1 + 0.04)^12 - 1) / 0.04 = 15.546813

Monthly savings = ($120,000 / 15.546813) * (1 + 0.07 / 12) ≈ $667.22

Adding the monthly savings needed for both children:

Total monthly savings needed ≈ $560.25 + $667.22 ≈ $1,227.47

Therefore, to provide for 4-year college expenses for two children, with the first child attending college in 16 years and the other in 12 years, assuming $30,000 per year in tuition with a 4% tuition inflation rate and a 7% rate of return on investments, approximately $1,227.47 needs to be saved every month.

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Misunderstandings, blind alleys, and mistakes of various sorts will fail to appear in the final written accounts because?

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Additionally, including such errors or misunderstandings may undermine the credibility of the final written accounts

Misunderstandings, blind alleys, and mistakes of various sorts will fail to appear in the final written accounts because the final written accounts typically aim to present a clear and accurate representation of the subject matter.

These accounts are often edited and revised to ensure accuracy and eliminate any errors or misleading information.

Misunderstandings, blind alleys, and mistakes may arise during the research or writing process, but they are typically corrected or excluded in the final version to maintain the integrity and reliability of the information presented.

Additionally, including such errors or misunderstandings may undermine the credibility of the final written accounts.

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The lease or sale of a business that may or may not include fixtures, inventory, and goodwill is a type of:____.

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The lease or sale of a business that may or may not include fixtures, inventory, and goodwill is a type of "business transfer" or "business transaction."

Business transfer refers to the process of transferring the ownership or control of a business from one party to another. This can involve various assets and components of the business, including fixtures, inventory, and goodwill.

1. Assets: Assets are the resources owned by the business, which can include physical assets like fixtures (e.g., machinery, equipment, furniture) and inventory (e.g., products, raw materials) as well as intangible assets like goodwill. Goodwill represents the reputation, customer base, brand value, and other intangible factors that contribute to the business's value.

2. Liabilities: Liabilities are the financial obligations or debts that the business owes to external parties, such as loans, outstanding payments, or contractual commitments.

During a business transfer, the seller and buyer negotiate the terms and conditions of the transaction, including the price, assets and liabilities included, and any additional agreements. The sale or lease agreement outlines the transfer of ownership or control and specifies which assets, such as fixtures and inventory, are part of the deal. Goodwill, being an intangible asset, is also considered and can contribute significantly to the overall value of the business.

Understanding the complexities of business transfers is crucial, as it involves legal, financial, and operational considerations. Seeking professional advice, such as consulting with business brokers, attorneys, or accountants, can provide valuable guidance throughout the process.

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Beginning on her 30th birthday, Lauren plans to start saving for her retirement. She will contribute $12,000 to a brokerage account each year on her birthday, starting today. Her 35th and final contribution will take place on her 64th birthday. Lauren currently has $40,000 in her savings account that will jump start her retirement savings. If the account has an expected annual return of 5%, how much will Lauren expect to have in her account on her 65th birthday

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Adding the $40,000 jump-start savings that Lauren currently has, the total amount she can expect to have in her account on her 65th birthday is approximately $75,036.40.

To calculate how much Lauren will expect to have in her account on her 65th birthday, we can use the formula for compound interest. The formula is:

A = P(1 + r/n)^(nt)

Where:
A = the future value of the investment/amount in the account
P = the principal amount (initial investment)
r = the annual interest rate (expressed as a decimal)
n = the number of times that interest is compounded per year
t = the number of years the money is invested for

In this case, Lauren will contribute $12,000 to her brokerage account each year, starting from her 30th birthday until her 64th birthday. Therefore, the principal amount (P) is $12,000.

The annual interest rate (r) is 5%, which can be expressed as 0.05 as a decimal.

Lauren will contribute once a year, so the number of times interest is compounded (n) per year is 1.

The total number of years (t) is 65 - 30 = 35.

Now, let's calculate the future value (A) using the formula:

A = $12,000(1 + 0.05/1)^(1*35)

Simplifying the equation:

A = $12,000(1.05)^35

Using a calculator, we find that (1.05)^35 is approximately 2.9197.

Therefore, A ≈ $12,000 * 2.9197 ≈ $35,036.40.

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Park Corporation is planning to issue bonds with a face value of $ 2,000,000 and a coupon rate of 10 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Park uses the effective-interest amortization method and also uses a premium account. Assume an annual market rate of interest of 8.5 percent.

Required:

(c) What bonds payable amount will Park report on its June 30 balance sheet?

Answers

Park Corporation will report approximately $1,996,142.68 as the bonds payable amount on its June 30 balance sheet.

To determine the bonds payable amount that Park Corporation will report on its June 30 balance sheet, we need to calculate the amortization of the bond premium for the period from January 1 to June 30.

1: Calculate the semiannual interest payment:

The semiannual coupon payment is calculated as (Coupon Rate * Face Value) / 2:

Coupon payment = (10% * $2,000,000) / 2

                                 = $100,000

2: Determine the bond premium:

The bond premium is the excess of the bond's issue price over its face value. In this case, the bond's issue price is not given, so we need to calculate it. To do so, we can use the present value of the bond's cash flows formula.

PV = C × (1 - (1 + r)⁻ⁿ)) / r + F / (1 + r)ⁿ

Where:

PV = Present value of the bond's cash flows

C = Coupon payment

r = Semi annual market interest rate

n = Number of periods (in this case, 20 semiannual periods - 10 years)

Using the given values:

C = $100,000

r = 8.5% / 2 = 4.25%

n = 20

Calculating PV:

PV = $100,000 × (1 - (1 + 0.0425)⁻²⁰) / 0.0425 + $2,000,000 / (1 + 0.0425)²⁰

PV ≈ $1,922,853.55

Bond premium = Bond issue price - Face value

Bond premium = $1,922,853.55 - $2,000,000

Bond premium ≈ $77,146.45

3: Calculate the amortization of bond premium for the period:

Amortization = Bond premium / Number of periods

Amortization = $77,146.45 / 20

Amortization ≈ $3,857.32

4: Calculate the bonds payable amount on June 30:

Bonds payable = Face value - Amortization

Bonds payable = $2,000,000 - $3,857.32

Bonds payable ≈ $1,996,142.68

Therefore, Park Corporation will report approximately $1,996,142.68 as the bonds payable amount on its June 30 balance sheet.

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Mulligan Domestics Co. breached a contract by refusing to accept its order for 60 bolts of fabric from Wellington Mills, although the fabric met the contract specifications. In this situation, Wellington Mills a. may resell the fabric to someone else and, if it sues Mulligan, Wellington Mills will be awarded the full contract price. b. has at least four remedies under the UCC. c. may choose not to resell the fabric and settle for the difference between the contract price and the market value. d. would be awarded consequential damages by most courts.

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Mulligan Domestics Co. broke a contract by refusing to accept Wellington Mills' order for 60 bolts of fabric, despite the fabric meeting the contract criteria. Wellington: Wellington Mills may sale the fabric to someone else, and if it sues Mulligan, it will be given the whole contract price. Therefore, the correct option is A.

One possible remedy for Wellington Mills is to resell the fabric to someone else. If Wellington Mills chooses to sue Mulligan Domestics Co., the court may award them the full contract price. This means that Wellington Mills can recover the amount of money that they would have received if Mulligan Domestics Co. had accepted the order.

Another option for Wellington Mills is to choose not to resell the fabric and instead settle for the difference between the contract price and the market value. In this case, Wellington Mills would be compensated for the loss they incurred due to Mulligan Domestics Co.'s breach of contract.

It is important to note that consequential damages, which are damages that arise from the breach of contract and were not directly specified in the contract itself, may not be automatically awarded by most courts. Whether or not Wellington Mills would be awarded consequential damages would depend on the specific circumstances and the laws of the jurisdiction in which the case is being heard.

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Media reports have a tendency to try to present two opposing sides of an issue as though both sides were equally valid. what is this tendency called?

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The tendency of media reports to present two opposing sides of an issue as though both sides were equally valid is called false balance or false equivalence.

False balance occurs when the media gives equal weight to both sides of an argument, even if one side has significantly more evidence or expert consensus supporting it. This can create a misleading perception that there is equal validity to both viewpoints when, in fact, there may be a clear consensus among experts on one side of the issue.

For example, let's say there is a debate on whether climate change is caused by human activities. The overwhelming scientific consensus is that human activities, such as burning fossil fuels, contribute to climate change. However, false balance would occur if the media presented the viewpoints of climate change deniers as equal to those of climate scientists, even though the scientific evidence overwhelmingly supports the role of human activities in climate change.

False balance can lead to confusion and misinformation among the public, as it fails to accurately reflect the weight of evidence and expert opinion on a given issue. It is important for media outlets to strive for accuracy and objectivity by accurately representing the consensus of experts when reporting on complex topics.


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A group of 10 golfing buddies have the following annual incomes: $32,000, $12,000, $56,000, $120,000, $10,000, $38,000, $70,000, $16,000, $20,000, $24,000. The share of income received by the bottom quintile of this income distribution is 3.5% 5.5% 7.5% 9.5%

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The share of income received by the bottom quintile of this income distribution is 5.5%. So the correct option is b .

To find the share of income received by the bottom quintile, we need to determine the income threshold for the bottom 20% (quintile) of the group. Since there are 10 golfing buddies, we divide this number by 5 to get the number of buddies in each quintile, resulting in 2 buddies per quintile.

To find the threshold income, we order the incomes from lowest to highest: $10,000, $12,000, $16,000, $20,000, $24,000, $32,000, $38,000, $56,000, $70,000, and $120,000.

Since there are 2 buddies in each quintile, the bottom quintile will consist of the first 2 incomes: $10,000 and $12,000.

The total income received by the bottom quintile is the sum of these two incomes: $10,000 + $12,000 = $22,000.

The total income of all the buddies is the sum of their incomes: $10,000 + $12,000 + $16,000 + $20,000 + $24,000 + $32,000 + $38,000 + $56,000 + $70,000 + $120,000 = $398,000.

Finally, we can calculate the share of income received by the bottom quintile by dividing the total income received by the bottom quintile by the total income of all the buddies and multiplying by 100: ($22,000 / $398,000) * 100 = 5.5%.The share of income received by the bottom quintile of this income distribution is 5.5%.

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In the figure, three connected blocks are pulled to the right on a horizontal frictionless table by a force of magnitude T3

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The three connected blocks are being pulled to the right on a horizontal frictionless table by a force of magnitude T3. This force causes the blocks to move together without any resistance from friction.

In the given figure, there are three connected blocks being pulled to the right on a horizontal frictionless table by a force of magnitude T3.
To understand this situation, let's break it down step by step:
1. The blocks are connected, which means that when one block moves, the others move with it. This is because they are linked together by some kind of mechanism like a rope or a string.
2. The force of magnitude T3 is applied to the blocks. Magnitude refers to the size or strength of a force. In this case, T3 represents the strength of the force being exerted on the blocks.
3. Since the table is described as "frictionless," it means that there is no friction between the blocks and the table's surface. Friction is a force that opposes motion and can make it difficult for objects to slide across a surface. However, in this case, the absence of friction allows the blocks to move more easily.
In summary, the three connected blocks are being pulled to the right on a horizontal frictionless table by a force of magnitude T3. This force causes the blocks to move together without any resistance from friction.

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Of the capital budgeting techniques discussed, which works equally well with conventional and non-conventional cash flows and with independent and mutually exclusive project? group of answer choices

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The capital budgeting technique that works equally well with conventional and non-conventional cash flows and with independent and mutually exclusive projects is the Net Present Value (NPV) method.

The Net Present Value (NPV) method is a versatile capital budgeting technique that accommodates both conventional and non-conventional cash flows. It considers the time value of money by discounting future cash flows to their present value. Whether a project has consistent positive and negative cash flows (conventional) or irregular cash flows (non-conventional), the NPV method can accurately assess their profitability and determine their value to the company.

Additionally, the NPV method is suitable for evaluating both independent and mutually exclusive projects. Independent projects are those where the acceptance or rejection of one project does not impact the evaluation or selection of other projects. In contrast, mutually exclusive projects compete against each other for limited resources, and only one can be chosen. The NPV method accounts for these scenarios by evaluating the net present value of each project and comparing them to identify the most financially viable option.

By utilizing the NPV method, decision-makers can make informed investment decisions by considering the cash flows, discount rate, and project interdependencies. It provides a comprehensive analysis of the profitability and value creation potential of different projects, regardless of their cash flow patterns or project relationships. Thus, the NPV method is a valuable tool for capital budgeting that can be applied consistently across various types of projects.

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What are noncash investing and financing activities? Give two examples. How are they reported on the statement of cash flows?

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Noncash investing and financing activities refer to transactions that do not involve the exchange of cash but still have a significant impact on a company's financial position. Here are two examples of noncash investing and financing activities: 1. Noncash Investing Activity and 2. Noncash Financing Activity

These activities are reported on the statement of cash flows to provide a comprehensive view of a company's cash inflows and outflows.

Here are two examples of noncash investing and financing activities

1. Noncash Investing Activity: Purchase of Assets Using Notes Payable - When a company acquires an asset, such as equipment or property, by using a note payable instead of cash, it is considered a noncash investing activity. For example, if a company purchases a new piece of machinery by issuing a note payable, this transaction would be a noncash investing activity

2. Noncash Financing Activity: Issuance of Common Stock for Land - When a company issues common stock as payment for an asset, it is considered a noncash financing activity. For instance, if a company acquires land by issuing shares of common stock to the seller, this transaction would be a noncash financing activity.

On the statement of cash flows, noncash investing and financing activities are typically disclosed in a separate section called "Supplemental Disclosures." This section provides additional details about these noncash transactions, including the nature and amount of the noncash activities.

By reporting these noncash activities separately, the statement of cash flows provides a more accurate representation of a company's cash flow from operating, investing, and financing activities, enabling users of financial statements to better understand the sources and uses of cash.

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A 10-year bond with a face value of $1,000 currently sells for $1,150. Which of the following statements is most correct

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The statement that is most correct is "The bond is selling at a premium." When a 10-year bond with a face value of $1,000 is selling for $1,150, it is selling at a premium of $150.

When a bond sells for more than its face value, it is said to be selling at a premium. In this case, the bond has a face value of $1,000 but is currently selling for $1,150. The $150 difference indicates that investors are willing to pay a premium for this bond.

Bond prices are influenced by various factors such as interest rates, credit rating, and market demand. When interest rates decrease, the demand for existing bonds with higher coupon rates increases, causing their prices to rise. This increase in demand can lead to bonds selling at a premium.

To calculate the bond's premium, you can subtract the face value from the current selling price: $1,150 - $1,000 = $150.

When a 10-year bond with a face value of $1,000 is selling for $1,150, it is selling at a premium of $150.

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an article in the print edition of a magazine is an example of . a. small group communication b. mass communication c. public communication d. organizational communication

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Mass communication.  because it utilizes the medium of a magazine to disseminate information or messages to a large audience.

The answer to the question is: b.

An article in the print edition of a magazine is an example of mass communication. Mass communication refers to the dissemination of information or messages to a large audience through various media channels. In this case, the magazine acts as a medium to reach a wide range of readers.Mass communication involves the use of mass media platforms such as print, television, radio, and the internet to convey information or messages to a large and diverse audience. It is characterized by a one-to-many communication model, where a single message is transmitted to many individuals simultaneously.

the article in the print edition of a magazine is designed to reach a large number of readers who have access to the publication. The magazine is distributed widely, allowing the information or message in the article to be shared with a large audience. This is an example of mass communication because the article is intended to reach and engage a broad range of readers.

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todd, eric, and sam have decided to open up a mobile computer repair business. they have decided they want to test out their business idea before forming a more formal business and having to deal with annual meetings and other documentation. what type of business structure should they start? group of answer choices

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Based on the information provided, Todd, Eric, and Sam want to test their mobile computer repair business idea before committing to a more formal structure with annual meetings and documentation. In this case, a suitable business structure for them to start would be a partnership.

A partnership is a type of business structure where two or more individuals come together to run a business and share profits, losses, and responsibilities. It is a flexible and simple structure that allows for shared decision-making and resources. Starting a partnership would allow Todd, Eric, and Sam to pool their skills, expertise, and financial resources to test their business idea without the need for complex legal formalities.

They can divide tasks and responsibilities amongst themselves and share the profits and losses based on their agreed-upon partnership agreement. It is important for Todd, Eric, and Sam to draft a partnership agreement that outlines the terms and conditions of their partnership,  and dispute resolution mechanisms. This structure allows them to share responsibilities, resources, and profits, while providing flexibility for future decision-making.

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Shondra is thinking of making payments for her laptop by setting up automatic withdrawals with the store. what must shonda consider before she decides to pay with automatic withdrawals?

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In conclusion, before Shondra decides to pay with automatic withdrawals, she should consider budgeting, fees and charges, flexibility, and security to make an informed decision.

Before Shondra decides to pay for her laptop with automatic withdrawals, there are a few important factors she should consider.
1. **Budgeting**: Shondra needs to evaluate whether she has a stable and predictable income to cover the automatic withdrawals each month. She should analyze her financial situation to ensure she can comfortably afford the payments without straining her budget.
2. **Fees and charges**: Shondra should inquire about any fees or charges associated with setting up automatic withdrawals. Some stores may have transaction fees or penalties for missed payments, so she should carefully review the terms and conditions to understand the cost implications.
3. **Flexibility**: Shondra must assess whether automatic withdrawals provide the flexibility she needs. If she anticipates irregular income or the possibility of changing her payment method in the future, she might prefer a more flexible payment option.
4. **Security**: Shondra should consider the security measures in place for automatic withdrawals. She should ensure that her personal and financial information will be protected, and that the store has robust security protocols in place to safeguard against fraudulent activities.
In conclusion, before Shondra decides to pay with automatic withdrawals, she should consider budgeting, fees and charges, flexibility, and security to make an informed decision.

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