The response to the preceding assertion is C. In order to counteract the power of the veto, the Framers granted Congress the power to override a presidential veto with a two-thirds majority in each chamber.
Describe the powers and objectives of the veto.A bill or joint resolution may be overruled by the president in order to keep it from becoming law. A law passed by Congress must be signed by the president within 10 days (excluding Sundays). In the event of a conventional veto, the President usually sends a note explaining his or her reasoning and returns the bill to the chamber in which it was first submitted. Only a two-thirds majority in the Senate and the House is required to override this veto. In this case, despite the President's objections, the bill became law. If Congress adjourns during the ten-day period, there is a pocket veto. The bill cannot be sent back to Congress by the president. The legislation cannot be overturned by Congress because of the president's pocket veto, which prevents him from signing it.
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a manager is making a decision related to the future objectives of the organization as a whole. this would likely be characterized as a(n) decision.
A manager is making a decision related to the future objectives of the organization as a whole. This would likely be characterized as a strategic planning decision.
Defining an organization's future vision and determining its goals and objectives are both done through the process of strategic planning. In order for the company to achieve its stated vision, the process also includes determining the order in which those goals should be accomplished.
Long-term goals should be translated into objectives and doable stages by strategies, which should also encourage creative thinking and foresee and avoid potential hazards. 3-5 years is the typical time frame for strategic plans, although there may be a different strategy for each distinct organizational goal.
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Country Market ha an EBIT of $42,650, an increae in net working capital of $2,615, interet expene of $4,300, net capital pending of $3,620, and a tax rate of 21 percent. The firm’ WACC i 11. 2 percent, and it growth rate i 3. 1 percent. What i the adjuted value of the firm?
correct answer is- The adjuted value of firm can be known if we know the about NWC, Net working capital (NWC) is the difference between a business' momentary property and its momentary money owed and liabilities.
It is ideal to have a advantageous internet working capital, as this signifies that the company's financial tasks are met, and it can invest in other operational requirements.
What is a right internet working capital ratio?An foremost net working capital ratio is 1.5 to 2.0, however that can rely on the business's industry. To appropriately interpret a monetary ratio, a business have to have comparative facts from previous time intervals of operation or from its industry.
Why do we calculate internet working capital?Net working capital is the aggregate amount of all cutting-edge property and contemporary liabilities. It is used to measure the short-term liquidity of a business, and can additionally be used to attain a ordinary impact of the capability of organization management to make use of property in an efficient manner.
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https://brainly.com/question/23842010#SPJ4during the process of monitoring progress, which question below could be answered by the project schedule?
B) Will we be able to finish the project on time?
Which of is the motivation behind an undertaking status report?
A project status report is a document that compares and contrasts the project's progress over a given time frame with the plan.Project chiefs use status reports to keep partners educated regarding progress and screen costs, dangers, time and work.
What is scope monitoring's primary focus?
The Monitoring and Controlling procedures' primary focus is on project management and progress reporting.
When defining the scope of a project, what is the first step a project manager will take?
The creation of a statement of work is the first step in defining the scope of the project.This is the official document that specifies the project's requirements.It includes a general description of the work that needs to be done, a schedule, a timeline, any special skills that are required, and the location of the work.
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Full Question = During the process of monitoring progress, which question below could be answered by the project schedule?
a. Do the deliverables meet the established quality and performance expectations?
b. Are we on target to meet the project deadline?
c. Are the project requirements being followed?
d. Has the project encountered any
volunteering to help another employee with a task or project is an example of organizational citizenship behavior. t/f
This statement is true. An example of organizational citizenship behavior is volunteering to help another employee with a task or project.
The phrase "organizational citizenship behavior" (OCB) refers to all the helpful and productive employee acts and behaviors that don't fall within their official job descriptions. Anything an employee does voluntarily to help their coworkers and advance the business as a whole qualifies.
Organizational citizenship behavior has been used to describe this extra-role conduct. Participating in actions or activities that are not technically part of the job description but are beneficial to the organization as a whole is what has been described as OCB. For instance, OCB includes exchanging ideas, working with coworkers, and offering extra work.
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even though most corporate bonds in the united states make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. suppose a german company issues a bond with a par value of €1,000, 20 years to maturity, and a coupon rate of 7.4 percent paid annually. if the yield to maturity is 8.5 percent, what is the current price of the bond? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Although most corporate bonds in the United States have semiannual coupon payments, bonds issued overseas sometimes have annual coupon payments. Assume the German firm issues a bond with a par value of €1,000, a maturity date of 20 years, and an annual coupon rate of 7.4 percent. The current price of the bond is 895.90.
What is the current price means?The most recent price at which a security was sold on an exchange is the current price. Buyers and sellers use the current price as a starting point. Although the present price is indicative of the current value, the actual price of the next sale may be greater or lower based on supply and demand.
Current Price = PMT×(1-(1+i)∧n)/i+ M/(1+I)∧n
Current Price = 895.90
Coupon Payment = 1000× 7.4%
Coupon Payment = 74
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In relative terms, gold represented only 17% of the monetary flows of the US, UK, and France in 1848. By the year 1913, that percentage fell to 10%. True False
In relative terms, gold represented only 17% of the monetary flows of the US, UK, and France in 1848. By the year 1913, that percentage fell to 10%. TRUE
Gold is a chemical detail with the image Au and atomic range seventy nine. This makes it one of the higher atomic quantity elements that occur certainly. it's far a vibrant, slightly orange-yellow, dense, smooth, malleable, and ductile metallic in a pure form. Chemically, gold is a transition metal and a set 11 element.
100% of gold discovered evidently is isotope Au-197. 28 other isotopes can be produced artificially and are all radioactive. Gold at the side of silver and copper, form a column in the periodic table.
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Which person makes original journal entries in the general ledger and reporting system about events such as dividend payments and payments to creditors?.
Treasurer-person makes original journal entries in the general ledger and reporting system about events such as dividend payments and payments to creditors
What does us Treasurer do?The Treasurer of the United States has direct oversight over the U.S. Mint, the Bureau of Engraving and Printing and Fort Knox and is a key liaison with the Federal Reserve. In addition, the Treasurer serves as a senior advisor to the Secretary in the areas of neighborhood development and public engagement.
Why is it referred to as a Treasurer?Originally the phrase referred to the individual in charge of the treasure of a noble; however, it has now moved into wider use. In England at some stage in the seventeenth century, a function of Lord High Treasurer was used on a number of events as the 0.33 remarkable officer of the Crown.
What is the electricity of treasurer?He is the individual accountable for controlling monetary complications, making reports, recording finances, and managing the have confidence financial institution accounts.
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https://brainly.com/question/1320342#SPJ4Suppose you write 44 put option contracts with a $70 strike. The premium is $2.40. Evaluate your potential gains and losses at option expiration for stock prices of $60, $70, and $80.
Total profit =price - cost=60+70+80-44+70+2.40
Total profit =$210-116.4=93.6
Total profit is the amount of money left over after paying your business's expenses .Gross profit, operating profit, and net profit are the three primary types of profit. The gross profit is the highest. The balance remaining after paying for the items and services purchased is shown. Operating profit follows. It shows how much money is left over after running costs like rent, energy, phone bills, and occasionally workers have been paid. Net profit comes next. Your earnings are shown after all costs and taxes have been subtracted. The net profit is yours to keep. This method makes calculating profit easy: Total revenue less total expenses equals profit.
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Cosmetic manufacturers that sell shampoo and conditioner together as one package at a lower price rather than selling each item separately are usingA. price lining.B. slotting allowances.C. cumulative quantity discounts.D. loss leaders.E. price bundling.
Cosmetic manufacturers that sell shampoo and conditioner together as one package at a lower price rather than selling each item separately are using price bundling. Option E.
What is price bundling?Bundle pricing is a business approach where businesses combine multiple products into one package and offer it for one price rather than assigning separate prices to each product.
The practice of selling multiple distinct products or services as a single unit at a discounted rate compared to doing it separately is known as product bundling. Value dinners at restaurants, beach kits, or shampoo and conditioner sets are typical examples of product bundles.
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Supply chain coordination improves if all stages of the chain take actions that are aligned and together increase total supply chain surplus.
TRUE
FALSE
If every level of the chain takes actions that are coordinated and together increase total supply chain surplus, supply chain coordination improves. it is true
If every level of the chain takes actions that are coordinated and together increase total supply chain surplus, supply chain coordination improves. An uncoordinated supply chain results in activities that frequently reduce the earnings of the entire chain as each stage strives to optimise its own profits. Supply chain performance can be enhanced through the use of supply chain coordination (SCC). Coordination is possible when interdependent entities cooperate by pooling their resources and knowledge in order to achieve shared goals that maximise consumer value throughout the entire SC. Cost increases in manufacturing, inventories, distribution, and nearly every other aspect of the supply chain will result from the absence of coordination. The bullwhip effect causes warehouses to be overrun with surplus inventory, which adds needless holding expenses.
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ohn sells 300 packs of candies per week at $40 per pack. the candies are ordered from a supplier who charges john $60 per order and $20 per pack. john's annual holding cost percentage is 0.2. assume john operates 50 weeks a year. what is the economic order quantity that minimizes the total ordering and holding cost per year?
Economic Order quantity that minimizes the total ordering and holding cost per year, which is 671
EOQ= √(2⋅D⋅S/H)
√(2⋅15000⋅$60/$4)
√(1800000/4)
√450000
=670.8 or 671
Economic order quantity that minimizes the total ordering and holding cost per year=671, Hence 1st option is correct.
In this question, John sells candies. By using the information provided in the question, we calculated the value for Economic Order quantity that minimizes the total ordering and holding cost per year, which is 671.
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a machine that cost $494,000 has an estimated residual value of $19,000 and an estimated useful life of 19,000 machine hours. the company uses units-of-production depreciation and ran the machine 4,000 hours in year 1, 6,000 hours in year 2, and 6,000 hours in year 3.
The depreciation on the machine is $100,000 in year 1, $150,000 in year 2, and $150,000 hours in year 3. The remaining machine hours life is 3000 hours.
What is depreciation?Depreciation is a sunk cost which incurred due to ordinary wear or tear in tangible asset after the made ready to use and the owner lies ownership rights over it.
Under machine hours life the depreciation on such asset can be ascertained by the use of machine hours instead of useful life in years.
The given answer find as follows:
a) Cost of a machine = $494,000.
b) Estimated residual value = $19000.
c) Useful life = 19000 Machine hours.
Formula for calculating depreciation on the basis of Machine hours:
Depreciation for the year = (Value in use × Machine hours spend) ÷ Remaining useful life hours.
By using the above formula ascertain the value of Depreciation for each financial year:
a) Year 1 machine 4,000 hours:
Depreciation = ($494,000 - $19,000) × 4,000 / (19,000) = $100,000.
b) Year 2 machine 6,000 hours:
Depreciation = ($494,000 - $19,000) × 6,000 / (19,000) = $150,000.
c) Year 3 machine 6,000 hours:
Depreciation = ($494,000 - $19,000) × 6,000 / (19,000) = $150,000.
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Rising interest rates reduce domestic consumption by $3 billion and reduce investment by $2 billion, and the marginal propensity to consume in the economy is equal to 0.6.
The change in autonomous expenditure is - billion.
The change in aggregate expenditure equals - billion.
Change in discretionary spending = $5 and Aggregate cost will decrease by $12.5 billion.
What in economics is autonomous expenditure?Independent of the level of income in the economy, a government must make essential autonomous expenditures. Due to its necessity for maintaining a country, the majority of government spending is seen as independent expenditure.
Change in discretionary spending equals $5. Marginal Propensity to Consume (MPC) = 0.6 1-0.6=MPS = 0.4 Multiplier of an Economy = 1/MPS = 1/(0.4) = 2.5
initially cutting $5 from total spending
Consumption and investment both make up aggregate cost. Reduce either of these two, and the overall reward will be reduced. The multiplier for this is 52.5, which equals $12.5.
The total cost will drop by $12.5 billion.
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when companies operate abroad in the absence of home-country legal constraints, the best choice for ethical conduct would be:
The best choice for ethical conduct would be to have a product that is clearly superior to that of the competition in case of companies operating abroad in the absence of home-country legal constraints.
Laws that must be observed and taken into account in order to avoid negative consequences are known as legal constraints. Although you cannot be arrested for breaking ethical constraints, they are nonetheless just as significant.
Due to these restrictions, you must operate within the bounds of socially acceptable conventions and take care not to offend anyone. The producer of whatever media creation you're creating is responsible for making the appropriate decision. This is handled by self-regulating industry codes.
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jill is 45 years old and thinks that her future tax rate will be lower than what she currently pays, so she wants to defer her taxes on her contributions of up to $6,000 in 2020. which plan would allow her to meet her goals?
jill is 45 years old and thinks that her future tax rate will be lower than what she currently pays, so she wants to defer her taxes on her contributions of up to $6,000 in 2020. Regular IRA plan would allow her to meet her goals.
The main benefit of traditional IRAs is tax-deferred growth, which means that until you are compelled to begin taking distributions at age 72, you won't be taxed on your untaxed earnings or contributions. When investing in traditional IRAs, you put more money down front than you would in a standard brokerage account. With a Traditional IRA, your money can grow tax-free, but withdrawals are subject to ordinary income tax and you can't begin drawing distributions until you are 72. There are no income restrictions to open a Traditional IRA, in contrast to a Roth IRA. When striving to save enough money for retirement, it can be beneficial to do so via an IRA. Your money has a chance to grow, and there are tax advantages. Each little bit counts. An IRA might make sense if your employer doesn't have a retirement plan or if you work for yourself. IRAs have the ability to increase in value over time, just like all other investment forms. Annual contributions and investment growth are the two main ways an IRA can increase. There are restrictions on the maximum annual contributions that may be made, and not all long-term investments are profitable.
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in ten years, do you think there will be more jobs in renewable energy industries than there are now?
According to a report, investing in the manufacture of solar equipment generates 1.5 times as many employment as investing in the production of fossil fuels.
How will the future generation be impacted if fossil fuels run out?Trade between nations would cease to exist. As there won't be any fuel left to carry goods around, the global economy will be limited to a semi-local state. The cost of imports would increase. International trade-dependent national economies would experience a severe economic downturn.
Is the field of renewable energy a good one to work in?Since there is a dearth of skilled candidates in this developing industry, renewable energy degrees are the perfect path to take. Universities and colleges are currently providing interdisciplinary and multidisciplinary courses connected to green energy.
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What is the average number of times that a specific risk is likely to be realized in a single year?.
The average number of times that a certain risk is anticipated to materialize in a calendar year is known as the annualized rate of occurrence (ARO).
The predicted frequency with which a risk or hazard is expected to materialize is referred to as the annualized rate of occurrence, or ARO. Probability Determination is yet another name for ARO. The rate at which a new event appears over a predetermined amount of time is referred to as the incidence rate. Simply put, the incidence rate is the number of new cases over a certain time period divided by the total population at risk for the disease. To annualize a number is to change a computation or rate for the short term into an annual rate. An investment that generates a short-term rate of return is typically annualised to produce an annual rate of return that may include include interest compounding or reinvested.
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in long-run competitive equilibrium, the market equilibrium price equals group of answer choices marginal cost. the minimum point of the average total cost curve. long-run average total cost. a and c a, b, and c
In long-run competitive equilibrium, market economic equilibrium price equals marginal cost is at minimum.
What is an economic equilibrium?In economics, the term "economic equilibrium" describes a situation in which supply and demand are balanced and the values of economic variables remain constant in the absence of external influences. The market is considered to be in equilibrium when a price is determined by competition and the quantities of goods or services desired by buyers and offered by sellers are equal. If supply or demand don't vary, this price—also known as the competitive price or market clearing price—tends to stay constant. It is also known as the "competitive quantity" or the "market clearing quantity." However, the notion of equilibrium used in economics also includes imperfectly competitive markets, where Nash equilibrium occurs.
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The vertical axis of the aggregate demand and aggregate supply model measures the overall The aggregate curve shows the quantity of goods and services that firms produce and sell at each price level. As the price level falls, the cost of borrowing money will This phenomenon is known as the causing the quantity of output demanded to effect. Additionally, as the price level falls, the impact on the domestic interest rate will cause the real value of the dollar to in foreign exchange markets. The number of domestic products purchased by foreigners (exports) will therefore and the number of foreign products purchased by domestic consumers and firms (imports) will Not exports will therefore causing the quantity of domestic output demanded to This phenomenon is known as the effect
Additionally, as the price level falls, the impact on the domestic interest rate will cause the real value of the dollar to fall in foreign exchange markets. The number of domestic products purchased by foreigners (exports) will therefore rise and the number of foreign products purchased by domestic consumers and firms (imports) will fall. Net exports will therefore rise causing the quantity of domestic output demanded to rise This phenomenon is known as the exchange rate effect.
Exchange rate effect- In the goods market, a positive shock to the domestic currency's exchange rate (an unexpected appreciation) makes exports more expensive and imports less expensive. As a result, competition from foreign markets will reduce demand for domestic products, resulting in lower domestic output and prices.
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the most important information in a press release should be . a. focused totally on selling the writer's company and its products b. highlighted briefly in the middle paragraphs c. presented early d. saved for the last paragraph for dramatic effect
The most important information in a press release should be a. focused totally on selling the writer's company and its products.
What is a press release?
In order to provide information, formulate an official statement, or make an announcement intended for public distribution, a press release is an official statement that is provided to members of the news media. Press releases are regarded as primary sources as well, which denotes that they are the original informants of data. The standard structure of a news release consists of nine parts, including a headline, dateline, introduction, body, and other aspects. Press releases are often sent to news organizations electronically, ready for use, and frequently with a "do not use before" deadline, or "news embargo."
Communiqués, which are concise reports or statements published by government organizations, are a specific type of news release. After a high-level gathering of world leaders, a communiqué is often released.
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the most important information in a press release should be . a. focused totally on selling the writer's company and its products b. highlighted briefly in the middle paragraphs c. presented early d. saved for the last paragraph for dramatic effect
a regional bank implemented an automated solution to streamline their operations for receiving and processing checks. they would like to further enhance the solution to recognize signs of potential fraud and alert their security teams accordingly.
Machine learning technology helps to streamline their operations for receiving and processing checks.
Machine learning is a subfield of artificial intelligence that enables computer software programs and data to produce reliable output. In the finance business, particularly in the banking sector, it is essential.
Machine learning determines which transactions are real and which are fraudulent based on the algorithms. It is beneficial to learn about fraud that takes place during transactions. Consequently, it lowers the degree of danger.
This might be a sign of fraud, for instance, if the data reveals a trend of higher check activity on particular days of the week or at particular times of the day. Indicators of fraud can also be found using machine learning to spot trends in the quantity of money being deposited or withdrawn.
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Your firm is considering leasing a new computer. The lease lasts for 9 years. The lease calls for 10 payments of $1,000 per year with the first payment occurring immediately. The computer would cost $7,650 to buy and would be straight-line depreciated to a zero salvage value over 9 years. The actual salvage value is negligible because of technological obsolescence. The firm can borrow by issuing debt at a rate of 8%. The corporate tax rate is 30%. What is the after-tax cash flow from leasing relative to the after-tax cash flow from purchasing in year 0?
The after-tax cash flow from leasing relative to the after-tax cash flow from purchasing in year 0 is $700.
Calculate the after-tax cash flow from purchasing the computer in year 0.
Cost of Purchasing Computer = $7,650
Straight-Line Depreciation = $7,650 / 9 = $850
Tax Shield from Depreciation = $850 * 0.30 = $255
Interest from Debt = $7,650 * 0.08 = $610
Tax Shield from Interest = $610 * 0.30 = $183
After-Tax Cash Flow from Purchasing = $7,650 - ($255 + $183) = $6,212
Calculate the after-tax cash flow from leasing the computer in year 0.
Lease Payment = $1,000
Tax Shield from Lease Payment = $1,000 * 0.30 = $300
After-Tax Cash Flow from Leasing = $1,000 - $300 = $700
Calculate the difference in after-tax cash flow from leasing relative to purchasing in year 0.
Difference in After-Tax Cash Flow = $700 - $6,212 = -$5,512
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a significant lag for monetary policy is the time it takes to for a change in the money supply to change the economy. a significant lag for fiscal policy is the time it takes to pass legislation authorizing it. a. true b. false
A significant lag for monetary policy is the time it takes to for a change in the money supply to change the economy. a significant lag for fiscal policy is the time it takes to pass legislation authorizing it. False
Monetary policy is the macroeconomic policy set by the central bank. It is the demand-side economic policy adopted by national governments to achieve macroeconomics, including the management of the money supply and interest rates.
Monetary policy refers to the measures taken by a country's central bank to control the money supply for economic stability. For example, policymakers manipulate the money supply to increase employment, GDP, and price stability using tools such as interest rates, reserves, and bonds.
Targets such as inflation, c monetary policy is the macroeconomic policy set by the central bank. It involves the management of the money supply and interest rates and is the demand-side economic policy adopted by national governments to achieve macroeconomic goals such as inflation, consumption, growth, and liquidity. Consumption, growth, liquidity.
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what are the advantages of the payback period method for management?multiple select question.the payback period adjusts for the discount rate.it allows lower-level managers to make small decisions effectively.the payback period method is ideal for minor projects.the payback period method is easy to use.
The payback period method is ideal for minor projects.
The payback period is an evaluation method used to determine the time required for the cash flows from a project to pay back the initial investment. The payback period is especially useful for a business that tends to make relatively small investments, and so does not need to engage in more complex calculations that take other factors into account, such as discount rates and the impact on throughout.
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t the end of the night, a pizza place had 9 1/2 pizzas left over. the 2 employees each took home the same amount of leftover pizza. how much pizza did each employee take home?
Each worker gets 1/4 x 6 = 1/24.
For 100 people, how many pizzas do I need?
38 pies Determine How Much Pizza You'll Need Thus, you would order 38 pies for 100 attendees (100 x 3/8 = 37.5).To ensure accuracy, round up any decimal numbers you arrive at.This calculation is based on the assumption that the typical pizza consumes three slices and is cut into eight slices.
How many orders are placed each day for pizza?
Pizza is very popular.In their lifetime, the average adult in the United States will consume nearly 6,000 pizza slices.Even more mind-boggling is the fact that the United States consumes 3 billion pizzas annually, or more than 8 million pizzas ordered each day.
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explain two ways in which product differentiation can be useful to consumers and two ways in which it can be detrimental to consumers
Because businesses generate goods that appeal to a wide range of customer tastes, economists concur that consumers profit from a market structure that is monopolistically competitive.
An economist is a specialist who researches how goods and services are produced and consumed in an economy. They use this data to support economic policy decisions made by firms and governments. Anyone who purchases products and services is a consumer. By increasing the demand for products and services, they are the ones who propel the economy. To understand the economy and how it operates, economists employ a range of techniques. Surveys, experiments, or mathematical models might be employed.
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Income Distribution in Four Countries provides recent data from the World Bank on the distribution of income in four countries.
Based on the data, the country with the distribution of income that is closest to equal is:
El Salvador.
Costa Rica.
Mexico.
Bangladesh
Income Distribution in Four Countries provides recent data from the World Bank on the distribution of income in four countries. Based on the data, the country with the distribution of income that is closest to equal is: Costa Rica.
Profits is the consumption and saving possibility received by way of an entity within a designated timeframe, which is usually expressed in economic phrases. profits is difficult to outline conceptually and the definition can be different across fields
The term “income” typically refers to the quantity of cash, assets, and other transfers of fee acquired over a set period of time in trade for services or products. there is no unmarried, fashionable definition: income is defined in line with the context in which the idea is used.
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Some cats have bobtails, which are short, stumpy tails that result from an inherited, recessive genotype (tt). normal length tails are dominant in cats (tt, tt). when a cat with a bobtail is crossed with a cat that is heterozygous for normal tail length, what is the likelihood that the offspring will have a bobtail? 75% 50% 25% 0%
There is a 50% chance that the offspring of a bobtail cat and a cat with heterozygous normal tail length will have bobtails.
Is the TT phenotype dominant or recessive?An organism is homozygous (homo meaning "same") for a gene when it possesses two copies of the same allele. An organism may be homozygous recessive (RR) or homozygous dominant (TT) (tt).
Is TT a recessive gene?An organism may be homozygous recessive (RR) or homozygous dominant (TT) ( tt ). Heterozygous refers to an organism that possesses two distinct alleles (Tt) for a certain gene (hetero- means different). The traits that are visible are referred to as phenotypes.
Are recessive traits common?Due to the rarity of most recessive illnesses, a kid is more likely to have one if their parents are related. It is more likely for related people to share a rare gene from a common ancestor.
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On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $430,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year.
3. If the market interest rate is 5%, the bonds will issue at $483,971. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.)
$12900 is the Amortization If the market interest rate is 5%, the bonds will issue at $483,971.
Amortization Schedule
Date
January 1 2021
Cash Paid
0
12900
12900
June 30,2021
Interest expense
0
12099
12079
December 31,2021
Premium Amortized
0
801
821
Carrying value
483971
483170
482350
Issue Entry
Record the Bond Issue
Date
January 1 2021
General Journal
Cash
483971
Premium on Bonds Payable
53971
To Bonds Payable
430000
(Record the Issue of the Bond with Premium)
2. Record the interest Payment and Amortization
Date
June 30,2021
General Journal
Interest Expenses. 12099
Premium on Bonds Payable 801
To Cash 12900
(Record the interest Payment and Amortization)
3. Record interest Payment and Amortization
Date
December 31, 2021
General Journal
Interest Expenses 12079
Premium on Bonds Payable 821
To Cash 12900
(Record the interest Payment Amortization)
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Exempting things such as groceries and clothing from sales tax is an attempt by states to make sale tax less ______.
Exempting things such as groceries and clothing from sales tax is an attempt by states to make sale tax less regressive.
A sales tax is a fee that is paid to the government when specified goods and services are sold. Typically, laws permit the vendor to charge the customer the tax at the time of purchase.
Use taxes are typically used to describe taxes on goods and services that consumers pay directly to a governing authority. The sale and use tax is frequently exempted for some goods and services, including food, education, and medical. A sales tax is similar to a value-added tax (VAT) that is levied on products and services. Key distinctions can be found in the comparison with sales tax.
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