On January 1, Park Corporation issued bonds with a face value of $600,000. The journal entry recorded a debit to Cash for $600,000 and a credit to Bonds Payable for the same amount.
To record the issuance of the bonds on January 1, you would need to debit Cash for the amount received from the sale of bonds and credit Bonds Payable for the face value of the bonds. Here's the journal entry:
Date: January 1, [current year]
Debit: Cash $600,000
Credit: Bonds Payable $600,000
The journal entry above reflects the initial recording of the bond issuance, representing the inflow of cash from the sale of bonds and the corresponding liability for the bonds issued .
Therefore, On January 1, Park Corporation issued bonds with a face value of $600,000. The journal entry recorded a debit to Cash for $600,000 and a credit to Bonds Payable for the same amount.
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A food product is pulled from the consumer market after preliminary testing, before data conclusively proves that it causes pancreatic cancer. This is an example of:
Answer:
The precautionary principle
Explanation:
How do I record on windows computer
Explanation:
Navigate to the screen you wish to record and press Win+G to open Game Bar. Several Game Bar widgets appear on the screen with controls for capturing screenshots, recording video and audio, and broadcasting your screen activity. Click the Start Recording button to capture your screen activity.
Answer:
you'd need to download software for recording. as far as i know windows doesnt have built in recording capabilities. are you looking at screen recording or just sound?
Explanation:
True or false. Your employer is responsible to make contributions, on your behalf, to the federal insurance contributions
Answer:
yes it is true
I HOPE THIS HELPS
TAKE CARE
Explanation:
On March 2, 2021, Finch City issued ten-year general obligation bonds at face value, with interest payable on March 1 and September 1. The proceeds were to be used to finance the construction of a civic center over the period April 1, 2021, to March 31, 2022. During the fiscal year ended June 30, 2021, no resources had been provided to the debt service fund for the payment of principal and interest. On June 30, 2021, Finch’s debt service fund should include interest payable on the general obligation bonds for __________.
Answer:
zero ( 0 ) months
Explanation:
Finch's debt service funs should include interest payable on the general obligation Bonds for zero ( 0 ) months
Given that the general obligation bond was issued on March 2 2021 the interest payable on March 1 2021 will not be Included on June 30 2021 Finch's debt service fund. since that date marks the end of the fiscal year ( 2021 ) and the bond was issued beyond that date and no resource have been provided as well.
True or false: Information about fair value is commonly listed as an additional disclosure on the face of the financial statements.
The given statement Information about fair value is commonly listed as an additional disclosure on the face of the financial statements is True.
True or false: Information about fair value is commonly listed as an additional disclosure on the face of the financial statements. In terms of accounting, fair value is the estimated price at which an asset or liability can be exchanged or a transaction can take place between willing and knowledgeable parties.
It reflects the present value of future cash flows expected from an asset or liability. To ensure transparency and enhance understanding for users of financial statements, fair value disclosures are commonly included in financial statements.
Information about fair value is frequently disclosed in the notes section of financial statements rather than on the face of the financial statements.
It's worth noting that while fair value disclosure is not required for all assets and liabilities, it is frequently disclosed for some of the most important ones, such as investment securities, financial derivatives, and certain debt instruments.
This can aid investors in assessing the financial condition of a company and determining its future potential. Furthermore, the Financial Accounting Standards Board (FASB) has established guidelines for disclosing fair value information, including requirements for the type of information that must be disclosed and the manner in which it must be presented.
These guidelines assist in ensuring consistency and transparency in fair value reporting across all financial statements. Conclusively, True, information about fair value is frequently listed as an additional disclosure on the notes of the financial statements rather than on the face of the financial statements.
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As the number of multinational corporations increases, we are experiencing international ethical dilemmas. one very real concern during the past decade is the human rights abuses in sweatshops where several multinationals contract manufacture their products, in exchange for cheap labor. s
Answer: A) Multinationals must subjectively determine the local "living wage," which is usually more than the local legal wage in developing countries. Customers surveyed say they are willing to pay a few dollars more to improve working conditions in sweatshops.
Explanation:
Developing countries are notorious for setting low legal minimum wages in order to attract foreign investment and also because such countries have lower standards of living.
For Multinationals to improve conditions therefore, they would have to independently determine a living wage that they could pay such workers to alleviate their conditions and this effort would be taxing because Multinationals are not on ground to conduct proper research.
A silver lining is that customers surveyed say they are willing to pay extra if conditions in sweat shops would improve.
Full question is;
As the number of multinational corporations increases, we are experiencing international ethical dilemmas. One very real concern during the past decade is the human rights abuses in sweatshops where several multinationals contract manufacture their products, in exchange for cheap labor. Several retailers have banned together to set ethical standards in foreign factories. Which of the following statements summarizes the challenges of companies doing business in developing countries and the concerns of their customers?
A) Multinationals must subjectively determine the local "living wage," which is usually more than the local legal wage in developing countries. Customers surveyed say they are willing to pay a few dollars more to improve working conditions in sweatshops.
B) Economically sensitive customers want companies to pass along cost savings to them, at all costs, even if the products are made through offshore outsourcing. Companies want to please customers, first!
C) Most multinational corporations have made no attempt to improve working standards at sweatshop factories. They will turn a blind eye to the problem unless U.S. law is passed to force the issue. Customers understand that legal limits come before ethical standards.
D) Multinationals cannot be expected to demand socially responsible behavior from their supplier, including foreign sweatshops. When doing business abroad, the U.S. company need not comply with U.S. law when its supplier(s) is not in the U.S. or on U.S. territory.
A nut store normally sells cashews for $4. 00 per pound and peanuts for $1. 50 per pound. But at the end of the month the peanuts had not sold well, so, in order to sell pounds of peanuts, the manager decided to mix the pounds of peanuts with some cashews and sell the mixture for per pound. How many pounds of cashews should be mixed with the peanuts to ensure no change in the revenue?.
5 pounds of cashews should be mixed with the peanuts to ensure no change in the revenue for the nut store.
Let x be the number of pounds of cashews
Given,20 pounds of peanuts are sold at a rate of $1.50 per pound
and the mixture is sold at a rate of $2.0 per pound
According to the Question,
\(\frac{20*1.5 + 4*x}{x +20}=2\)
\(\frac{30+4x}{x+20} =2\)
x=5
Hence, 5 pounds of cashews should be mixed with the peanuts to ensure no change in the revenue
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The question was incomplete. Check below the full question
A nut store normally sells cashews for $4.00 per pound and peanuts for $1.50 per pound. But at the end of the month the peanuts had not sold well, so, in order to sell 20 pounds of peanuts, the manager decided to mix the 20 pounds of peanuts with some cashews and sell the mixture for $2.00 per pound. How many pounds of cashews should be mixed with the peanuts to ensure no change in the profit?
What is Sheil , ????
Answer:
1. a pasture or grazing ground. 2. a shepherd's or herdsman's hut or rough shelter on or near a grazing ground. Also: shealing, shiel.
Explanation:
on january 2 denny corporation enters into five-year finance lease for machinery with annual year-end payments of $15,000. the present value of the six annual lease payments is $65,000. complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Lease Receivable is debited for $65,000, representing the present value of the lease payments.
Machinery is credited for $65,000 as the asset acquired through the finance lease agreement.
The necessary journal entry for the finance lease transaction would be as follows:
Date: January 2
Account Debit Credit
----------------- ------------ --------------
Lease Receivable $65,000
Machinery $65,000
Explanation:
- Lease Receivable (Debit): The present value of the six annual lease payments, which is $65,000, represents the amount Denny Corporation expects to receive from the lessee over the lease term.
- Machinery (Credit): The machinery asset is acquired through the finance lease agreement. Its value is also $65,000, which is the present value of the lease payments.
Note: This assumes that no initial direct costs or other related expenses are involved in the finance lease transaction.
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Performance measurement can focus on managing the objective, measurable results of a job or work group. Which result would best meet this criterion
Performance measurement is the quantifiable expression of information regarding the products and services that's essential to an organization.
You didn't provide the options, therefore, an overview of performance measurement will be given. Performance measurement simply means the process of collecting, analyzing, and reporting information regarding the performance of an organization.
Performance measurement can focus on managing the objective, measurable results of a job or work group. Examples of performance measurement include profit margin, productivity, cost, etc.
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The only government policy that has a direct effect on the aggregate demand curve is:a. raising or lowering the tax rate.b. changing the level of government transfers.c. changing the level of government purchases of final goods and services.d. changing the quantity of money.
The only government policy that has a direct effect on the aggregate demand curve is c. changing the level of government purchases of final goods and services. The correct answer is option c.
This is because government purchases of final goods and services directly contribute to the overall demand for goods and services in the economy.
When the government increases its purchases of goods and services, it leads to an increase in the overall demand for goods and services, shifting the aggregate demand curve to the right. Conversely, when the government reduces its purchases of goods and services, it leads to a decrease in the overall demand for goods and services, shifting the aggregate demand curve to the left.
While changing the tax rate and level of government transfers can indirectly affect the aggregate demand curve through changes in consumers' disposable income, and changing the quantity of money can affect the aggregate demand curve through changes in interest rates and investment, these policies do not have a direct effect on the aggregate demand curve.
The correct answer is option c.
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An income statement is referred to as a single-step income statement because ______. Multiple choice question. the format separates total revenues from expenses and reports a single measure of income it reports only one accounting period of activity it is the first statement prepared of the 4 financial statements the assets are reported separately from liabilities and reports a single measure of stockholders' equity
It should be noted that An income statement is referred to as a single-step income statement because the format separates total revenues from expenses and reports a single measure of income.
What is an income statement?An income statement can be regarded as financial statement which helps to display company's income and expenditures.
Therefore, an income statement is An income statement is referred to as a single-step income statement.
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you just won a lawsuit. you will receive the first payment of $1000 one year from today. after receiving that payment, the amount they received will increase by 5% forver. you offer to sell your friend all the cash flows from this settlement for a lump sum today. the appropriate rate of return on this investment is 10%, how much should they pay you for it today?
Your friend was due to pay you $10,500 today to receive all cash flow from the settlement of the lawsuit.
To find the present value of cash flows from dispute resolution, we need to use the growth rate to calculate the present value of the final value.
Given:
First payment = $1000
Growth rate = 5D44 Yield = 10D
44 Step 1:
Calculate the cash flow after the first year.
Cash flow after first year = first payment * (1 + growth rate)
Cash flow after first year = $1000 * (1 + 5%)
Cash flow after first year = $1000 * 1.05
Cash flow after year 1 = $1050
Step 2:
Calculate the present value of the terminal value using the cash flow and rate of return after the first year.
Present value = cash flow after first year / rate of return
Current Value = $1050 / 10D44 Current Value = $1050 / 0.10
Present Value = $10,500
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for the year in which a firm increases its promised pension benefits per year of service for existing employees, net income will be:
For the year in which a firm increases its promised pension benefits per year of service for existing employees, net income will be decreased.
When a firm increases its promised pension benefits for existing employees, it incurs higher expenses related to the pension obligations. These increased expenses, which include higher pension costs and obligations, reduce the firm's net income. This is because the firm is allocating more funds towards fulfilling its pension commitments, which results in lower profits available for other purposes.
Therefore, the net income of the firm is reduced in the year when it increases its promised pension benefits for existing employees.
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A An investor initially purchased securities at a price of $9,923,418, with an agreement to sell them back at a price of $10,000,000 at the end of a 90-day period. The repo rate is percent.
Answer:
The repo rate is 3.09% percent
Explanation:
We can use the following formula to calculate the Repo rate
Repo Rate = ( ( Sale Price / Purchase Price ) - 1 ) x ( 360 / n ) x 100
Where
Sale Price = $10,000,000
Purchase Price = $9,923,418
n = 90 days
Placing values in the formula
Repo Rate = ( ( $10,000,000 / $9,923,418 ) - 1 ) x ( 360 / 90 ) x 100
Repo Rate = 3.08692%
Repo Rate = 3.09
On August 1 of the current year, Moreno Company purchased a patent from another company for $90,000. The estimated useful life of the patent is 10 years, and its remaining legal life is 15 years . How much is Moreno's amortization expense for the current year?
Moreno Company's amortization expense for the current year would be $9,000. This is calculated by dividing the purchase price of $90,000 by the estimated useful life of 10 years.
Amortization is the process of allocating the cost of intangible assets over their useful life. In this case, the patent has a remaining legal life of 15 years, but the estimated useful life is only 10 years. The company will amortize the cost of the patent evenly over the estimated useful life. To calculate the annual amortization expense, we divide the purchase price of $90,000 by the estimated useful life of 10 years. This gives us an amortization expense of $9,000 for the current year. It's important to note that amortization is not the same as depreciation. Amortization is used for intangible assets like patents, whereas depreciation is used for tangible assets like buildings or machinery.
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Princetown Incorporated has a $4.82 million basis in 88% of the outstanding stock of Merryvale Corporation. Merryvale manufactures Christmas decorations, cards, and wrapping paper. Princetown's board of directors recently learned that Merryvale is bankrupt. The board voted unanimously to dissolve the corporation and distribute all assets to Merryvale's creditors. What is the tax consequence to Princetown of the board's actions? Multiple Choice No loss recognition until Princetown actually disposes of the Merryvale stock. $4.82 million Section 1231 loss. $4.82 million capital loss.
The tax consequence to Princetown of the board's actions is $4.82 million capital loss.
A capital loss is the amount by which the cost of a capital asset exceeds the proceeds from its sale. The stock that Princetown holds is a capital asset. Thus, the tax consequence to Princetown of the board's actions is $4.82 million capital loss.
A capital loss can be used to offset capital gains, which results in a lower tax bill. If the capital loss is greater than capital gains, the excess loss can be used to offset ordinary income, up to a maximum of $3,000 per year.
Any remaining capital loss can be carried forward to future tax years. The rules for deducting capital losses can be complex, so it is important to consult a tax professional for advice.
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Who is responsible for safe handling of the animal product once they get it home?
A. Transporter
B. Processor
C. Consumer
D. Producer
Answer:
I believe it's C. Consumer
Explanation:
Shen Systems purchased equipment four years ago at a cost of $218,000. The equipment is valued at $97,400 on today's balance sheet but could actually be sold for $92,900. This is the only fixed asset the firm owns. Net working capital is $41,300 and long-term debt is $102,800. What is the book value of shareholders' equity
Book value of shareholders' equity is the difference between the assets and liabilities of the company. It is the main answer for this question. Here's the explanation:Assets = Equipment + Net working capital = $97,400 + $41,300 = $138,700
Liabilities = Long-term debt = $102,800Book value of shareholders' equity = Assets - Liabilities = $138,700 - $102,800 = $35,900Therefore, the book value of shareholders' equity is $35,900.
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Book Value of Shareholders' Equity is $31,400.
The book value of shareholders' equity is obtained by deducting the liabilities from the assets. It is one of the important figures in accounting.
Shareholders' equity, also known as net worth, is calculated by subtracting the total liabilities from the total assets. Assets = Liabilities + Shareholders' Equity Equipment's book value is $97,400. If it is sold today, it will yield $92,900. Therefore, depreciation is: $97,400 - $92,900 = $4,500
The value of total assets is $97,400 + $41,300 = $138,700The total liabilities are $102,800Shareholders' equity is calculated by subtracting liabilities from assets.$138,700 - $102,800 = $35,900
However, we must also consider the equipment's accumulated depreciation to get the book value of shareholders' equity:Book Value of Shareholders' Equity = Total Assets - Liabilities - Accumulated Depreciation= $138,700 - $102,800 - $4,500= $31,400
Finally, shareholders' equity is increased by the equipment's actual sale price: $31,400 + $92,900 = $56,300
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Rhonda has a ________ account, which gives her an interest rate competitive with those of brokerage firm money market funds but requires a higher minimum balance and limits check writing to three per month
Rhonda has a high-yield savings account, which gives her an interest rate competitive with those of brokerage firm money market funds but requires a higher minimum balance and limits check writing to three per month.
A high-yield savings account is a type of savings account that offers a higher interest rate compared to a traditional savings account. It is designed to provide a competitive return on savings while still maintaining easy access to funds. However, these accounts often come with certain requirements, such as a higher minimum balance and limitations on check writing or withdrawals to incentivize account holders to maintain a higher balance and discourage frequent transactions. This helps banks or financial institutions manage their costs and offer higher interest rates to customers.
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A few simple business questions, 50 points
Answer: Human resource Management
Explanation: In a buisness people wouldn't be able to mantain employess and recruit new ones without HRM.
What you think the impact on society is for the ones making the pencils
Answer:
The impact was how many trees were being cut down.
Explanation:
People eyes were opened to how many trees were being used and programs were started for tree conservation. We now have mechanical pencils which use no wood at all. This dramatically cut down the usage of trees and got people's eyes opened to the shortage in trees. Graphite and the wooden holders.
Answer:
I think that it made business even easier by making them able to write easily.
Explanation:
Pencil was made to mark and write things, it could be used for counting or calculating during the time without technology. It could be used for writing on paper and then to turn it in.
at the electronics store, each salesperson receives an 8.5% commission on sales. what would a salesperson earn if she sold $250 in goods?
Salesperson earn if she sold $250 in goods is $21.25.
Who is salesperson?
An employee who sells a company's goods or services is known as a salesperson. Their primary duty is to convince customers to buy the products they are selling. They are also known as sales agents or salesmen. A sales position is practically a requirement for many different types of businesses. They play a crucial role in businesses because they are in charge of bringing in money, attracting new clients, and maintaining positive working relationships with current ones. In some cases, they may also be tasked with additional duties like ensuring that the merchandise is displayed properly, monitoring receivables, and gathering client referrals. Normally, this position is paid a fixed salary along with commissions and other benefits.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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define finance education for class 8
Which of the following is part of the cost of goods or services sold for a company that paints people's homes?
A. Paint
B. Flyers to promote the company
C. A van to travel to people's homes
D. Fuel for the van
Answer:
A. Paint
Explanation:
Paint is a part of the cost of goods or services sold for a company that paints people's homes. Thus, the correct option is A). Paint.
What is the cost of goods sold?COGS stands for the Cost of Goods Sold. Cost of goods sold refers to the direct costs of producing the goods sold by a company. It is the total amount or cost that is incurred in the production of the goods. The sum of amount that a business paid as a cost directly related to the sale of products, is known as COGS.
Cost of goods sold is the total carrying value of goods sold during a particular period. This amount mainly includes the cost of the material, labor, machinery etc. that are directly used to create the good. It also includes the indirect cost such as marketing cost, distribution cost, sales cost etc.
Basically, cost of goods sold can be calculated by the given formula i.e. COGS = the starting inventory + purchases – ending inventory.
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why will the wages for apple pickers increase?
Answer:An increase in the demand for apples increases the demand for the labor force also increasing the prices for the apples. This results in an increase in wage for apple pickers due to work increment.
Explanation:pls braliant my answer
According to o*net, what are common skills needed by recreation workers? select four options. active listening installation coordination repairing service orientation social perceptiveness
The following are common abilities required by recreation workers, according to the occupational information network (O*NET):
1. Active listening.
2. Critical analysis.
O*NET, which stands for occupational information network, is a free resource hub or online database that is periodically updated with a variety of occupational definitions to assist the following groups of people in understanding the current employment landscape in the United States of America:
Students
experts in workforce development
company businesses
Managers of human resources (HR)
Job seekers
Helpers-Production The task of loading and unloading goods from conveyors, conveyances, and equipment falls on workers. They also turn on the tools and machinery used in a manufacturing facility.
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Ramirez company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $62,400. The machine's useful life is estimated at 10 years, or 314,000 units of product, with an $8,900 salvage value. During its second year, the machine produces 30,100 units of product. Determine the machine's second-year depreciation and year-end book value under the straight-line method.
According to the problem,Second-year depreciation = ($62,400 - $8,900) / 10 = $5,310,Year-end book value = $62,400 - ($5,310 x 2) = $52,780.
What is the value ?It can provide clear and concise information, help to illustrate a point, or even provide a unique perspective on a particular topic. This type of answer requires a great deal of thought and effort to create, which makes it invaluable in many situations. Additionally, it helps to ensure that the content is original, which can be exceptionally important in an academic or professional setting.
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What is the term for the relationship between printer and paper?
Answer: an analogy i think printer is to paper as is pen is to ink
Explanation: one depends on the other