A company issues bonds with a $100,000 par value, an 8% annual contract rate, semiannual interest payments, and a five year life. The bonds sold for $107,850. The entry to record the issuance of the bonds will include

Answers

Answer 1

Answer:

a. A credit to Premium on Bond Payable $7,850

Multiple-choices

a. A credit to Premium on Bonds Payable of $7,850.

b. A debit to Discount on Bonds Payable of $7,850

c. A credit to Cash of $100.000.

d. A credit to Bonds Payable of $107850

Explanation:

Bonds issued at a premium mean a customer pays a higher price than the face value.  In this case, the premium amount is the difference between $107,850 and $100,000.  When bonds are issued at a premium,  the premium amount is debited to a premium bond account.  


Related Questions

Suppose Mexico wishes to fix its exchange rate relative to the US dollar. If the Federal Reserve raises interest rates, what would happen to the peso-dollar exchange rate in the absence of any change in Mexican interest rates?

Answers

Answer:

In this scenario, if the Fed raises the interest rates, the demand for U.S. dollars will rise, because investment in U.S. dollars will now be cheaper. This will in turn lower the demand for Mexican Pesos, putting pressure on the Mexican currency to depreciate (to lose value against the U.S. dollar).

The Meduri fruit company is using the brand asset valuator tool from Young & Rubicam. Meduri has surveyed a wide segment of consumers to discover their perspectives of its brand. After all four of the perspective dimensions are plotted on the graph, Meduri discovers that its brand has plenty of unused potential and is an aspiring brand . Which dimensions of the company are being used to arrive at that conclusion?

Answers

The correct answer to this open question is the following.

Although there are no options attached, we can comment on the following,

The dimensions of the company that are being used to arrive at that conclusion are the dimension of Marketing and the dimension of Strategy. The other two dimensions, Operations and Finances, are important two but are not really considered in the statement.

So it is positive that the Meduri fruit company is using a form of evaluation to find its place in the market and discover new opportunities that are being missed by some "corporative blindness." The brand asset valuator tool from Young & Rubicam is a recommended tool to find new things about your brand and see future possibilities, opportunities, and challenges. After finding its results, Meduri has to develop a marketing and brand strategy to fulfill those potentials and to reposition the brand in the mind of consumers.

If we compare the betas of various investment opportunities, why do the assets that have higher betas also have higher average expected rates of return

Answers

Answer:

Because they are more riskier and have higher rates of return.

Explanation:

A $20,000, 90-day, 8% note payable was issued on November 1, 2015. Using a 360-day year, what is the amount of accrued interest on December 31, 2015?

Answers

Answer:

$267

Explanation:

Calculation for the amount of accrued interest on December 31, 2015

Accrued interest=20,000 x 8% x 60 days/360 days

Accrued interest= $267

Note that November 1, 2015 to December 31, 2015 will gives us 60 days while 360 days represent the number of days in a year

Therefore the amount of accrued interest on December 31, 2015 will be $267

Which of the following is a tertiary ratio that drives protability?

Answers

Answer:

hope it helps..

Explanation:

Total Assets/Equity. A tertiary ratio that drives profitability.

Suppose that you invest $100 today in a risk-free investment with an annual compounding interest rate of 4%. What will be the value of your investment in 4 years?

Answers

Answer:

Value of investment = $117

Explanation:

Given:

P = $100

r= 4% = 0.04

n = 4 years

Computation:

A = P(1+r)ⁿ

A = 100(1+0.04)⁴

A = 100(1.04)⁴

A = 116.9858

A = $117

Value of investment = $117

If the old forecast is 100 and the latest actual demand is 83, what is the exponentially smoothed forecast for the next period?

Answers

Answer: 95.75

Explanation:

Old forecast = 100

Smoothing constant = 0.25

Latest actual demand = 83

New forecast will be:

= smoothing constant × latest demand + (1 - smoothing constant) × old forecast

= (0.25 × 83) + [(1 - 0.25) × 100)]

= 20.75 + 75

= 95.75

Anthony currently earns $25 an hour and works 40 hours a week. When his boss offers to pay him $29 per hour, Anthony decides to accept the offer, but decides to keep working 40 hours. What is the effect of Anthony's decision on the labor supply curve?

Answers

Answer:

substitution and income effects will counteract each other totally

Explanation:

A labor supply curve is an economic analysis tool that shows the number or workers that are available to work or that can work at various wage rates.

The labor supply curve can either be bending backwards or sloping downwards or upward curving but it shows the relationship between labour and wage rates.

A labor supply curve can be affected by factors such as population, changes in social behaviour, opportunities in other markets, among other things.

From the above question, it is seen that a change in wage rate for Anthony from $25 to $29 does not affect his work hours positively of negatively. His work hours is the same despite the increase in hourly wage.

The effect of the Anthony sticking to 40 hours of work despite an increase in wage, which could have served as some motivation for him to put in more hours is his labor curve remains same. An increase in wage has done noting to affect the number of hours he works and as such his income vs work rate counters each other.

Cheers.

Costs that can be traced to a cost object in a cost-effective way are called direct costs.
a) true
b) false

Answers

Answer:

a) true

Explanation:

Costs that can be traced to a cost object in a cost-effective way are called direct costs. Sometimes they can literally be seen on the cost object by observation. For example the wood on the table.

Miller Nwagi will not ride in elevators because he perceives them to be confining boxes that could fall. He refused to visit a store, which was selling his favorite brand of pipe tobacco, because the store could only be reached with an elevator. This would be an example of how _____ influences determine consumer buying decisions

Answers

Answer:

Psychological influence

Explanation:

During consumption people sometimes experience Internal influences that are basically stemmed from their own lifestyle and also their way of thinking. These influences arise out of their personal thoughts, their self-concepts, their feelings and also attitudes, lifestyles, motivation and memory. We refer to these internal influences as psychological influences.

Psychological influences is why miller would not ride in elevators due to the perception he has formed internally about elevators. And hence the reason he wouldn't use one.

List Corporation reported pretax accounting income of $90,000, but due to temporary differences, taxable income is only $50,000. Assuming a tax rate of 40%, the income statement should report net income of:
a) $20,000
b) $36,000
c) $54,000
d) $16,000

Answers

The answer is c I believe I’m not sure though I took a business class like 3 years ago

You are considering a project with an initial cost of $4,600. What is the payback period for this project if the cash inflows are $450, $970, $2,800, and $500 a year for Years 1 to 4, respectively?a. 1.03 years.
b. 2.36 years.
c. 2.89 years.
d. 3.76 years.
e. 3.81 years.

Answers

The correct answer is C, 2.89 years

what is globalization ?

Answers

Answer:

the process by which businesses or other organizations develop international influence or start operating on an international scale.

Explanation:

Yeah

The deadweight loss caused by a profit-maximizing monopoly amounts to:_________
a. $450.
b. $1,350.
c. $900.
d. $225.

Answers

Answer: $225

Explanation:

Deadweight loss is caused by inefficient allocation of the resources or when both the supply and the demand for a product aren't in equilibrium.

The deadweight loss will be calculated as:

= 1/2 base × height

= 1/2 × 15 × 30

= $225

Atlanta Spokane

Total liabilities $610,000 $466,200
Total equity 630,000 1,648,000

Compute the debt-to-equity ratio for each of the above companies. Which company appears to have a riskier financing structure

Answers

Answer:

Debt to Equity = Total liabilities / Total Equity

Atlanta

= 610,000/630,000

= 0.9682

= 0.97

Spokane

= 466,200/1,648,000

= 0.28

Atlanta appears to have the riskier financing structure because a higher debt to equity ratio signifies less capacity to be able to pay off debt with the equity which means there is a greater chance of default.

Clearwater Electronics just hired a new warehouse manager in India. He has several employees who report to him. The HR director will be training the warehouse manager to conduct quarterly performance appraisals and has sent him the performance appraisal form she uses for her own direct reports as a template. However, she has asked him to modify it to better assess the needs of the Indian subsidiary. Why is it important that the warehouse manager make the modifications?


* It is important for the performance appraisal to be consistent among the company subsidiaries. Therefore, the warehouse manager can contact managers in other countries to see what their performance appraisals contain.

* It is important for the performance appraisal to assess performance independent of culture.

* It is important for the performance appraisal to assess competence and contribution to the company, but it is also important for it to be sensitive to Indian norms and values.

Answers

Answer: It is important for the performance appraisal to assess competence and contribution to the company, but it is also important for it to be sensitive to Indian norms and values.

Explanation:

Based on the question, it is important that the warehouse manager make the modifications because it's vital for the performance appraisal to assess competence and contribution to the company, but it is also important for it to be sensitive to Indian norms and values.

It should be noted that the Indians cherish and value their culture a lot, therefore, it is vital that when the performance appraisal form would be sent, it should reflect the values and the norms of the Indians. This will help in them assessing the performance that reflects the culture of the people and takes them into consideration.

Answer:

it b

Explanation:

An agency's power to determine whether the activity of a regulated entity is acceptable or not is an example of:______.a. rate-making power.b. licensing power.c. power over business practices.d. liability power.

Answers

Answer:

c. power over business practices

Explanation:

Regulatory agencies are formed to monitor and checkmate adverse activities of a certain sector of an economy.

They have various powers that can be used to control activities in a economic sector:

- Licencing power is the ability to give access to the players in a particular business sector.

- Rate making power is the ability of regulatory agency to determine price of commodities

- Power over business practices is regulatory agency's power to determine whether the activity of a regulated entity is acceptable or not.

For example if regulatory agency in communication notices the process for registering new clients is too cumbersome, they can enforce a more simple and streamlined process

Year Year Forward Rate 1 4.6% 2 4.9% 3 5.2% 4 5.5% 5 6.8% What should the purchase price of a 3-year zero-coupon bond be if it is purchased today and has face value of $1,000?A. $966.87.B. $911.37.C. $950.21.D. $956.02.E. $945.51.

Answers

Answer:

no option is correct, since the market value of the bond is $866.32

if the bond matured in 2 years instead of 3, then option B. $911.37 would be correct = $1,000 / [(1.046)x(1.052)] = $911.366 = $911.37

Explanation:

in order to determine the market value of the bond we need to determine the present value of its face value:

market value = PV = future value / [(1 + i₁) x (1 + i₂) x (1 + i₃)]

future value = $1,000

[(1 + i₁) x (1 + i₂) x (1 + i₃)] = [(1 + 4.6%) x (1 + 4.9%) x (1 + 5.2%)] = 1.154311

PV = $1,000 / 1.154311 = $866.32

Which of the following would be disclosed in the summary of significant accounting policies disclosure note? Composition of Long-term debt Depreciation Method A. No Yes B. Yes No C. Yes Yes D. No No

Answers

Answer:

A. No Yes

Explanation:

In the case of long term debt composition, no disclosure note is required as it is not an accounting policy. On the other hand, for depreciation there are various methods to determined it so it would be considered as a significant accounting policy

So according to the options given, the a option is correct as it mets the criteria

And, all other options are incorrect

Suppose a​ monopoly's price is ​$90.00 and its marginal cost of production is ​$18.00. What is the​ firm's markup? What is the firm's elasticity of demand?

Answers

Answer and Explanation:

The computation is shown below;

Given that

Price = P = $90

And, the Marginal cost = MC = $18

a.

Now the markup would be

= (P - MC) ÷ P

= ($90 - $18) ÷ $90

= $72 ÷ $90

= 0.80

= 80%

Now the monopoly markup is

b.

As we know that

Monopoly, markup = 1 ÷ elasticity of demand(e)

e = 1 ÷ markup

= 1 ÷ 0.8

= 1.25

The absolute value of e would always be negative so e = -1.25

Therefore

The​ firm s price elasticity of demand is -1.25

Ms. Jones deposited $100 at the end of each month for 20 years into a savings account earning 2.1% interest compounded monthly. However, she withdrew $1000 at the end of the sixth year. How much money was in the account at the end of the twentieth year? The total amount of money in the savings account after the twentieth year is $_________Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Answers

Answer:

$28,453.02  

Explanation:

Using a financial calculator approach, we can determine the amount in the savings account at the end of year 6 as well as after 20 years as follows:

Balance after 6 years:

PMT=-100(  monthly deposit)

I/Y=2.1%/12( monthly interest rate)

PV=0 (initial balance before 1st deposit is nil)

N=72 (number of monthly deposits in 6 years)

lastly CPT FV=$7,666.13  

Balance after $1000 withdrawal=$7,666.13 -$1,000.00=$6,666.13

Balance after another 14 years(14+6=20)

PMT=-100

I/Y=2.1%/12( monthly interest rate)

PV=-6,666.13(balance after withdrawal in year 6)

N=168 (number of monthly deposits in 14 years)

lastly CPT FV=$28,453.02  

Inventory records help determine how many items of material, components, and subassemblies need to be ordered to make the final product. Group startsTrue or False

Answers

Answer:

True

Explanation:

An accurate inventory of the record helps us to ensure that you always have the high-demand items on-hand, so that you would never come up short. An accurate inventory record also allows you to follow the sales trends, so that you can differentiate between the fast-moving and the slow-moving products. Keeping reports of the monthly inventory record helps us understand what stocks are doing well, and versus which are just taking up the shelf space. The lack of the right inventory can mean back orders and excess inventory which consequently drive up the costs. Thus, Inventory records help determine how many items of material, components, and sub-assemblies need to be ordered to make the final product.

The year-end balance sheet of Fine Foods Inc. reports operating assets of $4,391 million, operating liabilities of $1,653 million, and total liabilities of $2,494 million.
Fine Food’s average net operating assets are:__________
a. $2,738 million
b. $1,897 million
c. $6,044 million
d. There is not enough information to calculate the amount.
e. $4,391 million

Answers

B is there answer to the question

The PE ratio: Assuming Net Income for the year is $250,000, what is the net cash flows from operating activities given the following information: Increase in Salaries Payable $ 19,500 Depreciation Expense $ 9,500 Increase in Prepaid Rent $ 27,500 Loss on sale of asset $ 1,250 Increase in Accounts Payable $ 29,500 Increase in Inventory $ 93,000 Multiple Choice

Answers

Answer:

Net operating cash flow = $189,250

Explanation:

Particulars                                    Amount$

Net income                                    250,000

Add:depreciation expense           9,500

Add:loss on sale of asset              1,250

Add:increase in salary payable    19,500

Less:increase in prepaid rent       (27,500)

Add:increase in AP                        29,500

Less:increase in inventory            (93,000)

Net operating cash flow              $189,250

Maxxie purchased a tract of land for $29,500. Today, the same land is worth $45,100. How many years have passed if the price of the land has increased at an annual rate of 5.7 percent?
a. 6.56 years
b. 5.74 years
c. 6.81 years
d. 7.66 years
e. 6.89 years

Answers

Answer:

n= 7.66 years

Explanation:

Giving the following information:

Present value (PV)= $29,500

Future value (FV)= $45,100

Interest rate= 5.7%

To calculate the number of years, we need to use the following formula:

n= ln(FV/PV) / ln(1+i)  

n= ln(45,100/29,500) / ln(1.057)

n= 7.66 years

Calculate the federal income tax liability of a worker who earned $522,503 in 2019, and who takes the standard deduction of $12,200. Keep in mind that calculations of federal income tax drop any numbers after the decimal point.

Answers

Answer:

Tax liability = $157,611 (Approx)

Explanation:

Taxable Income = Gross Income – Standard Deduction

Taxable Income = $522,503 - $12,200

Taxable Income = $510,303

Calculation of tax liability:

Tax liability = ($9,700 x 10%) + [($39,475 - $9700) x 12%] + [($84,200 - $39,475) x 22%] + [($160,725 - $84,200) x 24%] + [($204,100 - $160,725) x 32%] + [($510,300 - $204,100) x 35%] + [($510,303 - $500,000) x 37%]

Tax liability = $157,611 (Approx)

Causes of low economic growth

Answers

Answer:

Effect on living standards. ...

Pressure on public services and government borrowing.

increase in aggregate demand (AD).

A rise in unemployment If productivity is growing at 3% a year, then new technology will enable firms to produce more output with fewer workers. ...

Effect on living standards. ...

Pressure on public services and government borrowing.

Related.

Determine the missing amounts. (Round answers to 0 decimal places, e.g. 1,225.)

Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio
1. $640 $352 $ (a)$ (b)%
2. $300 (c) $93 (d)%
3. (e) (f) $325 25 %

Answers

Answer:

Selling Price_Variable Costs_Contribution Margin_CM Ratio

1. $640 _________$352 _______$288 __________45%

2. $300_________$207 _______ $93 __________69%

3. $1,300 _______ $975 _______$325 __________25 %

Explanation:

As per given data

Selling Price_Variable Costs_Contribution Margin_CM Ratio

1. $640 _________$352 _______$288 $ ________45%

2. $300_________$207 _______ $93 __________69%

3. $1,300 _______ $975 _______$325 __________25 %

(a)

Unit Contribution margin = Unit selling price - Unit Variable cost

Unit Contribution margin = $640 - $352 = $288

(b)

Contribution margin Ratio = Unit Contribution margin / Unit selling price = $288 / $640 = 0.45 = 45%

(c)

Unit Contribution margin = Unit selling price - Unit Variable cost

$93 = $300 - Unit variable cost

Unit variable cost = $300 - $93 = $207

(d)

Contribution margin Ratio = Unit Contribution margin / Unit selling price = $207 / $300 = 0.69 = 69%

(e)

25 = $325 / Unit selling price

Unit selling price = $325 / 25% = $1,300

(f)

$325 = $1,300 - Unit Variable cost

Unit Variable cost = $1,300 - $325 = $975

funds at an interest rate of 11.10% for a period of eight years. Its marginal federal-plus-state tax rate is 25%. PRC’s after-tax cost of debt is (rounded to two decimal places)

Answers

Answer:

8.33%

Explanation:

After tax cost of debt = Pretax cost of debt*(1-T)

After tax cost of debt = 0.1110* (1 - 0.25)

After tax cost of debt = 0.1110 * 0.75

After tax cost of debt = 0.08325

After tax cost of debt = 8.33%

Which phrase best completes the diagram? Business banks Retail banks ? Accept deposits to checking accounts Make home mortgage loans A. Provide credit and debit cards O B. Offer certificate of deposit investments O C. Require car titles as collateral O D. Provide cash management services​

Answers

The phase that best explains the diagram is that it best provides cash management services​. Thus option D is correct.

what is a management service?

The management service is a practice of outsourcing responsibilities for maintenance and the needs for the arrangement and processes and functions it involves the reduction in budgetary expenditure. The diagram shows us the business and retail bank that accepts deposits and makes home mortgages.

Find out more information about the diagram.

brainly.com/question/12903285

Answer: D

Explanation: I just took the test

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