Claire Corporation is planning to issue bonds with a face value of $ 100,000 and a coupon rate of 8 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30 , and December 31. All of the bonds were sold on January 1 of this year. Claire uses the effective-interest amortization method and does not use a discount account. Assume an annual market rate of interest of 12 percent.
Required:
(a) Provide the journal entry to record the issuance of the Bonds
Answers
To record the issuance of the bonds, the following journal entry is required, the interest payments are not recorded in this initial journal entry.
Date: January 1
Debit: Cash $100,000
Credit: Bonds Payable $100,000
Explanation: The company receives $100,000 in cash from the issuance of the bonds, which is recorded as a debit to the Cash account. At the same time, the company creates a liability called Bonds Payable for the same amount, which is recorded as a credit.
This journal entry reflects the initial transaction of issuing the bonds and represents the company's obligation to repay the principal amount of $100,000 to bondholders at maturity. The coupon rate of 8 percent indicates that the company will pay periodic interest payments to bondholders every quarter based on the face value of the bonds. However, the interest payments are not recorded in this initial journal entry.
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Related Questions
Lavonda’s very wealthy grandmother recently died. After her death, everything she owned totaled $1,000,000. However, her family was only given $700,000. What MOST likely happened to the other $300,000?
It was used to cover income taxes.
It was used to cover sales taxes.
It was used to cover excise taxes.
It was used to cover estate taxes.
Answers
Answer: wrong it is estate taxes
Explanation:
The most likely event happened to the other $300,000 that It was used to cover estate taxes. Thus last option is correct.
What is the meaning of Estate taxes?Estate Tax refers to the form of the tax in which a charge placed on a property owner's ability to transmit their possessions to others after passing away that takes the shape of a percentage of their taxable estate.
According to the above situation, the death of the Lavonda’s grandmother led to the implementation of the Estate Tax on her wealth of $1,000,000.
Therefore, the taxable estate to be included is $300,000. Thus last option is correct.
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many companies state their brand promise directly in words, using a short phrase called what
Answers
Answer:Many companies state their brand promise directly in words, using a short phrase called what? A. A warranty B. A customer mindset C. A corporate image D. A tagline
✓ D.
what’s one category you wish fewer taxes were spent on? why?
Answers
I wish less tax money went toward healthcare. While everyone's health is important, I believe there are other social issues that are more pressing and need attention, such as the federal debt or veterans' benefits.
What exactly is a tax?We engage in financial transactions every day, and taxes play a significant role in those transactions. A portion of the money we spend goes into maintaining the area in which we live, whether it is on groceries, a home, or gas.
Taxes are sums of money that an individual or organization must pay to tax bodies to support public spending. Without expecting anything in particular in return, taxpayers pay taxes in accordance with national tax regulations. Taxes are used by governments to fund internal operations, new infrastructure, public health, education, and security.
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Résumés should be written in complete sentences.
Please select the best answer from the choices provided
TRUE OR FALSE?
ANSWER: FALSE
Answers
Answer:
false lol thx
Explanation:
to be considered strategic resources that contribute competitive advantage, they must have several characteristics. which of the following is not one of these? a. rare b. valuable c. costly to substitute d. inexpensive to imitate
Answers
In addition to being costly, they must also meet a number of requirements to be classified as strategic resources that support competitive advantage.
A company needs to have a competitive advantage if it wants to offer goods or services better or more reasonably than its competitors. Compared to its competitors in the market, expensive components allow the manufacturing unit to generate higher sales or higher margins. Among the sources of several factors attributed to competitive advantage are cost structure, brand competitive advantage, quality of product offering, distribution system, intellectual property, and customer service.
Competitive advantages increase the value resources of a company and its shareholders due to special characteristics or circumstances. A costly competitive advantage is more durable the more difficult it is for rivals to counter. Competitive advantages can be divided into two main categories: comparative advantage and differential advantage.
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A truck goos around a circular track of radius is 600 m at a speed of 10. 0 m/s. How long does it take to complete one lap?
Answers
**It takes 60 seconds to complete one lap around the circular track."To determine the time it takes to complete one lap, we need to calculate the circumference of the circular track and divide it by the speed of the truck.
The circumference of a circle is given by the formula:
Circumference = 2 * π * radius
In this case, the radius of the circular track is 600 m, so the circumference can be calculated as:
Circumference = 2 * 3.14159 * 600 = 3769.91 m (rounded to two decimal places)
The speed of the truck is given as 10.0 m/s.
To find the time taken to complete one lap, we divide the circumference by the speed:
Time = Circumference / Speed = 3769.91 m / 10.0 m/s = 376.99 seconds (rounded to two decimal places)
Therefore, it takes approximately 377 seconds, which is equivalent to 6 minutes and 17 seconds, to complete one lap around the circular track.
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in a perfect competition, there are buyers and sellers. in a perfect competition, there are no .
Answers
In a perfect competition, there are buyers and sellers, and one characteristic of perfect competition is the absence of barriers to entry and exit. There are no restrictions or impediments that prevent new firms from entering the market or existing firms from exiting.
Perfect competition is a market structure characterized by a large number of buyers and sellers who are price takers, meaning they have no control over the market price. In this type of competition, there are certain features that distinguish it from other market structures. One key characteristic of perfect competition is the absence of barriers to entry and exit. This means that there are no obstacles or restrictions that prevent new firms from entering the market or existing firms from leaving the market.
New firms can freely enter the industry, attracted by the potential for profit, while existing firms have the flexibility to exit the industry if they are unable to compete effectively or sustain profitability. The absence of barriers to entry and exit promotes competition and efficiency in the market. It ensures that there is a level playing field for all firms, allowing for easy entry of new competitors and exit of inefficient firms. This dynamic nature of perfect competition encourages innovation, as firms strive to differentiate themselves and attract customers based on product quality, price, or other factors.
Overall, the absence of barriers to entry and exit is a fundamental characteristic of perfect competition, which fosters competition, efficiency, and innovation in the market.
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Hi guys! 40 points!
I would appreciate some help on this one, I'm stumped lol.
What are some ways to encourage companies to get involved in exporting? Would exporting necessarily lead to a favorable balance of trade?
Answers
Answer:
1. Give companies the idea that they have an advantage in certain foreign markets and that they can earn a lot of money from this. Companies that make good business with exporting goods also earn them a reputable reputation.
2. If the exports of a country exceed its imports, the country is said to have a favourable balance of trade, or a trade surplus. Conversely, if the imports exceed exports, an unfavourable balance of trade, or a trade deficit, exists.
Explanation:
hope this helps :)
Planing is the primary function of management.discuss
Answers
Explanation:
it is a primary function of management because it help in making the business and it makes it easier for the employees and everyone involved in the business in the workforce to see what is going to happen in the business and it's important for making decisions and such as trading and different types of that can a decision so it can also make it easier for the employees and the whole business to run smoothly because if you have a plan for everything then you can easily basically just you know work according to your needs and you can just flourish as a business
A major reason for creating the European Monetary System was toA) create a single currency.B) unify banking laws and permit cross-border investment.C) avoid competitive devaluations.D) reduce the costs of changing currencies.E) eliminate the need for central banks.
Answers
A major reason for creating the European Monetary System was to C) avoid competitive devaluations.
The European Monetary System (EMS) was established in 1979 with the goal of creating greater monetary stability in Europe by coordinating the exchange rate policies of member countries and reducing currency fluctuations. One of the primary reasons for creating the EMS was to avoid competitive devaluations, which occurred frequently in the years following World War II as countries attempted to boost their exports by devaluing their currencies relative to others. Competitive devaluations could lead to a "race to the bottom" where countries continually devalue their currencies, ultimately leading to inflation and economic instability.
Through the EMS, member countries agreed to maintain stable exchange rates with each other by setting up a system of fixed exchange rates and intervening in the foreign exchange market to maintain those rates. The EMS also established the European Currency Unit (ECU), which was a basket of currencies that served as a common unit of account and helped to reduce exchange rate volatility.
The EMS was eventually replaced by the European Monetary Union (EMU) in 1999, which introduced the euro as a single currency for participating countries. However, the goal of avoiding competitive devaluations and promoting monetary stability in Europe remained a key objective of the EMU.
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Why do competitive markets move toward equilibrium?
Answers
Select all that apply
Items listed in the interests/activities section of a résumé are used to:
exemplify you are active
exemplify you are well rounded
exemplify you are intelligent
exemplify you are committed
Answers
Answer: exemplify you are well rounded
Explanation:
Items listed in the interests/activities section of a résumé are used to exemplify you are well rounded.
The essence of listing your interests or hobbies is to show the recruiting officer that one is well rounded and fits the particular position.
This part of the resume also makes one stand out or unique from others and can be used to complement ones academic qualifications.
Which of the following financial institutions does not take customer
deposits?
A. Investment bank
B. Credit union
C. Commercial bank
D. Savings bank
Answers
Option (A) Investment bank is correct.
Investment bank does not take customer deposits.
What meant by Investment bank?Investment banks are financial institutions that sell their services and act as a middleman in complex transactions like mergers or a startup's initial public offering (IPO). They are also capable of acting as brokers or financial advisers for significant institutional clients like pension funds.
Investment banks do not accept deposits; rather, they help individuals, groups, and governments raise money by issuing securities. Investment companies, often known as mutual fund companies, pool money from institutional and ordinary investors to offer them access to a greater variety of assets. While some financial institutions take deposits, others only offer particular banking services. These non-depository financial institutions include brokerage houses, finance companies, insurance companies, and pension funds. They provide services to both people and companies.
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What is the checking ledger used for?
A. To save money.
B. To record deposits to savings.
C. To record checks I write.
Answers
Answer:
B
Explanation:
The answers is B Its used to keep track
Hi, there! I'm Noya! <3
I'm here to help you Comprehend this question better and get the right answer. ^^
Answer:
B. To record deposits to savings.
Explanation:
A Checking ledger is used to help keep track of all transactions in the checking account, plus deposits and withdrawals.
Hope this helps you! Have a great day! :3
Meow~
Are futures a good way to save for a retirement?
Answers
The communication infrastructure is also of substantial importance to international logisticians Identify communication and utilities infrastructure? and explain in detail their importance and dependability of quality in global shipment or international shipment with examples
more than 1500 word
Answers
Communication infrastructure in international logistics refers to the network and systems that enable the exchange of information and data among stakeholders. This includes internet and telecommunications services, electronic data interchange (EDI) systems, global positioning systems (GPS), and collaboration tools. These infrastructure components are essential for efficient communication, real-time tracking, and collaboration in global shipments.
They enhance supply chain visibility, enable timely decision-making, and facilitate proactive risk management. Reliable communication infrastructure ensures accurate documentation, compliance with regulations, and seamless coordination among trading partners. Similarly, utilities infrastructure, such as electricity, water, and transportation networks, supports logistics operations. Dependable utilities infrastructure guarantees uninterrupted operations, maintains product quality (e.g., temperature control), and minimizes transit delays. For example, advanced communication and utilities infrastructure in container ports enable efficient container tracking, faster turnaround times, and reduced congestion.
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Academic research shows that __________ lead(s) to higher organizational performance.Multiple Choicea good product and marketing of that producta clear vision and communication of that visionstrong employees and good customer ser
Answers
Academic research shows that a clear vision and communication of that vision lead to higher organizational performance. Organizational performance is the extent to which an organization accomplishes its objectives.
There is considerable debate about what drives organizational success and how to measure it. Organizations that are successful are highly productive, efficient, and profitable.
The mission statement of a company is the basis for its vision. The company's objectives are reflected in its vision. In order to achieve the company's objectives, the vision must be clear and well-communicated. A strong and successful company communicates its vision to its employees and stakeholders. When a company communicates its vision effectively, it is more likely to achieve its objectives.
Communication is critical to organizational performance because it is essential to achieving objectives and improving performance. Effective communication is important to ensure that everyone in the organization is working towards the same goals.
Hence, academic research shows that a clear vision and communication of that vision lead to higher organizational performance.
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Both Coca Cola and Benetton are global enterprises. Conduct online research and answer the following questions: What characteristics do these two firms display that qualify them as global enterprises?
Answers
Answer: here’s a photo of sample answer
Explanation:
Answer:
Both companies (Coca Cola and Benetton) registered as corporations, and both have a worldwide footprint across a number of countries. Both companies registered under the Companies Act of the respective countries in which they maintain a presence, and both abide by the laws and regulations of each nation.The companies operate on a large scale with huge investments in research and development, machinery, plants, and capital. They have numerous business functions that include marketing, manufacturing, market research, advertising, finance, and many more. They simultaneously work toward their core missions of generating profits, satisfying the needs of their customers, and continuously expanding their presence in current business markets and additional nations. They both raise capital from stock exchange markets.Both firms provide employment opportunities in their host nations and provide good quality products at moderate local rates. They also help in transferring resources such as raw materials and technology from advanced nations to the nations in which they operate.
Explanation:
how much lower (expressed in $’s) is, on average, the inventory cost for dirt cheap compared to kwiki-mart of a house hold cleaner valued at $15?
Answers
The inventory cost for dirt cheap and kwiki-mart of a household cleaner valued at $15 can vary depending on various factors, including the quantity purchased, shipping costs, and the suppliers' pricing strategies. However, assuming everything else remains constant, we can make an estimate based on industry averages.
Dirt cheap is known for offering products at lower prices compared to other retailers, while kwiki-mart is a convenience store that operates in different regions. Dirt cheap's inventory cost for a household cleaner valued at $15 is likely to be lower than kwiki-mart. On average, Dirt cheap could purchase the same household cleaner for $10-12 while kwiki-mart may have to purchase it for $13-15.
This difference in inventory cost could be due to Dirt cheap's bulk purchasing and lower overhead costs, which allow them to sell products at lower prices. Additionally, Dirt cheap may also purchase products at lower prices through supplier negotiations and sourcing products directly from manufacturers.
In conclusion, the inventory cost for dirt cheap compared to kwiki-mart of a household cleaner valued at $15 is likely to be $3-5 lower on average, but this is just an estimate based on industry averages and other factors may impact the cost.
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firms with short operating cycles will experience less of a lag between the creation and delivery of their products and the collection of cash from customers because: a. their cash flow from operations will not differ much from their working capital from operations. b. their cash flow from operations will be much less than their working capital from operations. c. their cash flow from operations will be much greater than their working capital from operations. d. there will be no relation between their cash flow from operations and working capital from operations.
Answers
Firms with short operating cycles will experience less of a lag between the creation and delivery of their products and the collection of cash from customers because their cash flow from operations will be much less than their working capital from operations.
A company will get payments at a consistent rate if its operational cycle is short. The more quickly the firm makes money, the more it will be able to pay off any obligations that are due or grow as necessary.
The period of time it takes for a business to purchase items, sell them, and get payment for those sales is referred to as an operational cycle. It is, in other words, the time it takes for a business to convert its inventories into cash. Depending on the sector, an operational cycle can be any duration. By providing a sense of whether or not it will be able to pay off any creditors, an understanding of a company's operating cycle may assist establish its financial health.
Option B is the correct answer.
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Why is marketing considered by many to be the most important business function?
Answers
please respond to all parts of the question below, each with its own section. a. do you think businesses should voluntarily undertake environmental efforts, beyond those required by law? why or why not? b. describe the sustainability management practices of a business firm with which you are familiar. which stage of the corporate environmental responsibility model best fits this firm, and why? looking again at this same firm, what steps might its managers take to improve its environmental performance? in answering this question, consider the various elements of effective environmental management.
Answers
a. Yes, I think businesses should voluntarily undertake environmental efforts beyond those required by law. There are several reasons for this:
Environmental degradation can have negative impacts on businesses, including increased costs due to natural disasters or regulatory fines, as well as reputational damage from negative public perception. By proactively addressing environmental issues, businesses can mitigate these risks and potentially even benefit from improved reputation and customer loyalty.Some environmental efforts may also have financial benefits for businesses, such as reduced energy costs from energy efficiency measures or the ability to sell excess renewable energy back to the grid.Businesses have a responsibility to operate in a way that takes into account the well-being of society and the environment. By proactively addressing environmental issues, businesses can demonstrate their commitment to sustainability and their broader role in society.b. One business firm that I am familiar with that has strong sustainability management practices is Patagonia, an outdoor clothing and gear company. Patagonia has a comprehensive environmental policy that includes commitments to reducing the environmental impact of its products and operations, as well as advocating for environmental causes.
To improve its environmental performance, Patagonia's managers could consider implementing additional sustainability initiatives, such as increasing the use of recycled materials in its products, implementing water conservation measures in its manufacturing processes, or increasing the use of renewable energy in its operations. Other elements of effective environmental management that Patagonia's managers could consider include setting clear environmental goals and targets, engaging with stakeholders (including employees, customers, and suppliers) on environmental issues, and reporting transparently on the company's environmental performance.
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1. One advantage of sole proprietorship is:
A. -easing of starting.
B -availability of different talents.
C -unlimited life of the company.
D -double taxation
Answers
Explain how long-term profitability affects pricing.
Answers
Answer:
A price increase
Deals and promotions
Poor customer experiences
Innovation that delivers value
Explanation:
Which results are more likely for someone without personal finance skills? Select three options.
larger long-term credit or loan costs
less preparation for emergencies
fewer utility expenses
simple long-term investment strategies
increased long-term challenges
Answers
Answer:
1,2 & 5
Explanation:
Answer:
1, 2, 5
Explanation:
edge 2021
An electronic card that serves as an interface to an ATM is known as a ____.
A. cash card
B. credit caby
C. smart card
D. debit card
Answers
Answer:
D. debit card
Explanation:
A debit card is an electronic card that enables customers to access their bank accounts via an ATM. An ATM ( Automated Teller Machine) is a banking outlet that allows customers to perform basic banking services such as deposits, withdrawals, transfers, and balance inquiries without stepping into the banking hall.
A customer needs to have their debit card and the PIN to access their bank account via the ATM.
Value of a mixed stream Harte Systems, Inc., a maker of electronic survillance equipment, is considering selling the rights to market its home security system to a well-known hardware chain. The proposed deal calls for the hardware chain to pay Harte $28 comma 000 and $23 comma 000 at the end of years 1 and 2 and to make annual year-end payments of $18 comma 000 in years 3 through 9. A final payment to Harte of $30 comma 000 would be due at the end of year 10. a. Select the time line that represents the cash flows involved in the offer.
Answers
Answer:
a. Select the time line that represents the cash flows involved in the offer.
NCF1 = $28,000
NCF2 = $23,000
NCF3 = $15,000
NCF4 = $15,000
NCF5 = $15,000
NCF6 = $15,000
NCF7 = $15,000
NCF8 = $15,000
NCF9 = $15,000
NCF10 = $30,000
If you want to compare this set of cash flows to another offer, you will need to calculate the present value first. E.g if you use a 12% discount rate, the PV of these cash flows = $107,570.
Aggregate Price Level Output (short-run aggregate supply) Output (aggregate demand) 150 1,000 200 125 800 400 100 600 600 800 400 200 1,000 1. In the grid, graph the aggregate demand and short-run aggregate supply curves (label them AD and SRAS). What are equilibrium output and the aggregate price level? 2. Assume aggregate demand grows by 200 at each price level. Graph the new aggregate demand curve and label it AD 1. What are the new equilibrium output and aggregate price level? 3. If full employment output is 600, is the economy experiencing recessionary or inflationary pressures? 4. By how much does the SRAS curve need to shift in order for the economy to return to full employment output at 600? What would the new equilibrium aggregate price level be?
Answers
To graph the aggregate demand (AD) and short-run aggregate supply (SRAS) curves, we can plot the given data points on a graph where the x-axis represents output and the y-axis represents the aggregate price level.
1. Connecting the data points, we get the AD and SRAS curves. The intersection point of these two curves represents the equilibrium output and the aggregate price level. In this case, the equilibrium output is 400 and the aggregate price level is 200.
2. If aggregate demand grows by 200 at each price level, we can shift the AD curve upwards by 200 units. The new intersection point of AD 1 and SRAS represents the new equilibrium output and aggregate price level. In this case, the new equilibrium output is 600 and the aggregate price level is 250.
3. If full employment output is 600 and the current equilibrium output is also 600, then the economy is not experiencing any recessionary or inflationary pressures. It is operating at full employment output.
4. If the economy is currently operating at an output level of 400 and full employment output is 600, then the economy is experiencing recessionary pressures. To return to full employment output, the SRAS curve needs to shift to the right by 200 units. The new equilibrium aggregate price level would depend on the degree of the shift and cannot be determined without additional information.
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Martin Company currently produces and sells 35,000 units of product at a selling price of $13. The product has variable costs of $7 per unit and fixed costs of $45,000. The company currently earns a total contribution margin of:
Answers
Answer:
The company currently earns a total contribution margin of $ 20
Question 9 of 20
A person earns $40,000 per year. She deducts $2,000 for charitable
donations. She also receives a $3,000 tax credit.
How much taxable income does the person have?
A. $37,000
B. $38,000
C. $43,000
D. $40,000
SUBMIT
Answers
The net amount of taxable income for a person who earns $40,000 per year and deducts $2,000 for charitable donations will be $38,000.
What is taxable income?The amount of income on which the payment of taxes is to be made to the federal or other such authorities for the time being in force, is known as taxable income.
Certain deductions are allowed in total income to compute the liability of the net taxable income. As per the given conditions, a deduction of $2000 can be claimed by the person on her total income of $40000.
Hence, option B holds true regarding the taxable income.
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