Answers
Marigold Co. will report $600,000 gain
Issue price of the bonds called = $9,200,000
Gain on Retirement of bonds at 94 = $9,200,000 x 0.94
Gain on Retirement of bonds at 94 = $86,48,000
Gain on retirement = $9,200,000 - $86,48,000
Therefore, Gain on retirement = $5,52,000
Hence, option a) is correct.
When a bond issuer buys back bonds for less than the amount of the related liability, this is known as a gain on the retirement of bonds. The face value of the bonds less any unamortized discount (or unamortized premium), less any unamortized bond issue cost, equals the carrying amount of the bonds, which is the liability.
The outcome of a company repurchasing its own bonds at a discount to the bonds' carrying value. By deducting the cost of repurchasing the bonds from their carrying value, the gain is calculated.
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The complete question is:
Marigold Co. has outstanding 92 million of 9% bonds due in seven years and call out a lot 103 the bonds were issued at par and are selling today at a market price of 94. If Marigold Co. calls $92 million of these bonds it will report:
A $5,52,000 gain.
A $400,000 loss.
A $600,000 gain.
Neither gains nor losses are recognized on early retirements of debt.
Related Questions
How can creating a customer profile help entrepreneurs identify their target market
Answers
Creating a customer profile helps identify markets because the information on it is too persuade the buyer, customer or Purchaser. I'm in 6th grade don't judge x
lori nichols started an engineering firm, engineering enterprises p.c. during its first month of operations, the following transactions were completed:
Answers
Engineering Enterprises P.C. is an engineering company founded by Lori Nichols. The following deals were made in the first month of business: Cash equals: at the end of the month $55,000.
Having earned a degree in finance from Brigham Young University, Lori Nichols is employed as a finance consultant and resides in Stevenson Ranch, California. They formerly worked at Break and Pacific Title/Mirage. When Lori Nichols won her school's Humane Society poster contest in the second grade, she started drawing. The judges were astounded by her performance, and she went on to win first place. She was fascinated by acorns, frogs, and big sisters as a child growing up in Western Pennsylvania, and she now writes books about them all. She is the author and illustrator of the distinguished children's book Maple, published by Penguin under the Nancy Paulsen Books banner. The books that go with it are Maple & Willow Together and Maple & Willow Apart (Fall 2015).
Investment $35,000\(-\) Salaries Paid $4000 \(+\) Customer Collection $11,000 \(+\) Cash from Loan $13,000 \(=\) $55,000
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Lori Nichols started an engineering firm, Engineering Enterprises P.C. During its first month of operations, the following transactions were completed:
I. Lori invested $35,000 in the business, which in turn issued common stock to her.
II. The business purchased equipment on account for $10,000.
III. The business provided engineering services on account, $13,000.
IV. The business paid salaries to the receptionist, $4000.
V. The business received cash from a customer as payment on account $11,000.
VI. The business borrowed $13,000 from the bank, issuing a note payable.
At the end of the month, cash equals:
$86,000.
$55,000.
$44,000.
$35,000.
An investment will pay $15,000 at the end of each year for eight years and a one-time payment of $150,000 at the end of the eighth year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Determine the present value of this investment using a 7% annual interest rate. (Round your answer to the nearest whole dollar.)
Answers
Answer:
Total investment PV = $176,865
Explanation:
a) Data and Calculations:
PV (Present Value) $89,565
N (Number of Periods) 8.000
I/Y (Interest Rate) 7.000%
PMT (Periodic Receipts) $15,000.00
b) Calculation of Present value of $15,000 with the annuity factor of 5.971 (7% interest for 8 years):
Present value of $15,000 * 5.971
= $89,565
c) Calculation of Present value of $150,000 at the end of 8 years at 7% interest:
Present value of $150,000 * 0.582 = $87,300
d) Total present value of the investment:
Annuity Present value = $89,565
Present value of lump sum = $87,300
Total investment PV = $176,865
Investment is referred to as the process in which the person invests in any of the assets with the intention or the goal of generating income from the invested assets. It is the appreciation of the value of assets over a period of time.
The Present Value of the investment is = $176,865
a) Data and Calculations:
PV (Present Value) $89,565
N (Number of Periods) 8.000
I/Y (Interest Rate) 7.000%
PMT (Periodic Receipts) $15,000.00
b) Calculation of Present Value of $15,000 with the annuity factor of 5.971 (7% interest for 8 years):
Present value of \(\$15,000 \times 5.971\)
= $89,565
c) Calculation of Present Value of $150,000 at the end of 8 years at 7% interest:
Present value of \(\$150,000 \times0.582 = \$87,300\)
d) Total present value of the investment:
Annuity Present value = $89,565
Present value of lump sum = $87,300
Total investment PV = $176,865
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determine your targetarket
Answers
Answer:
A target market refers to a group of customers to whom a company wants to sell its products and services, and to whom it directs its marketing efforts. Consumers who make up a target market share similar characteristics including geography, buying power, demographics, and incomes.
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Why is it good to have home equity
Answers
#CarryOnLearning
In one paragraph explain how the US government protects the money you deposit in a bank
Answers
Bank savings accounts, bank CDs, and money market mutual funds administered by brokerage firms like Fidelity are the most popular venues to save cash.
How will my money be safeguarded?The Financial Services Compensation Scheme (FSCS) is the principal form of defence. In case a bank failed, it was designed to protect people's savings
How is the money in a bank secured?One of the many advantages of holding an account with an FDIC-insured bank is deposit insurance, which is how the FDIC safeguards your funds in the unusual case of a bank failure. Every category of account ownership is covered by the basic insurance policy, which provides $250,000 per depositor, each insured bank.
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Create a business memo to HR director regarding the following: Describe the problems with the company’s hiring practices and the laws that have been violated. Provide one example and evidence to support the problems and the laws that have been violated. Explain how the firm can increase employee diversity
Answers
The business memo is expected to have the following: address of the sender with designation and date, the address of the HR Director with company name, title or subject of the memo, salutation, body, conclusion, complementary close, your name and contact.
What should be the format of the content of the memo?The content of the memo is expected to be in the following format:
Sender: [Your Name]
[Your Position]
[Date]
HR: [HR Director's Name]
[Company Name]
[Company Address]
Subject: Problems with Hiring Practices and Violations of Employment Laws
Salutation: Dear [HR Director's Name],
Body: I hope this memo finds you well. I am writing to bring to your attention some significant concerns regarding our company's hiring practices, specifically related to potential violations of employment laws. It is crucial that we address these issues promptly to ensure legal compliance and promote a fair and diverse work environment.
Problem Description: Our hiring practices have been observed to contain elements that may infringe upon existing employment laws. The following example illustrates one such instance:
Example: In a recent job opening for a senior management position, several qualified candidates from underrepresented groups were overlooked in favor of less qualified individuals from dominant groups. This discrepancy raises concerns about potential violations of anti-discrimination laws, such as the Equal Employment Opportunity Commission (EEOC) guidelines.
Evidence of the Problem and Violations: 1. Job Application Records: Careful analysis of the job application records reveals that a significant number of candidates from underrepresented groups, possessing the required qualifications and experience, were not selected for interviews or job offers. This evidence suggests a potential bias in our selection process, which could be in violation of Title VII of the Civil Rights Act of 1964, as well as other relevant federal and state laws.
Recommendations for Increasing Employee Diversity: To address these concerns and enhance employee diversity, I propose the following measures:
1. Review and Revise Hiring Policies: Conduct a comprehensive review of our hiring policies and procedures to ensure compliance with all applicable employment laws and regulations. Pay particular attention to practices that may introduce bias or hinder the recruitment of a diverse talent pool.
2. Training Programs: Implement mandatory diversity and inclusion training programs for all hiring managers and members of the interview panel. These programs should provide insights into unconscious biases, promote inclusive decision-making, and educate employees about the importance of diversity in the workplace.
3. Diverse Sourcing Strategies: Expand our recruitment efforts to attract a wider range of candidates. Collaborate with organizations, job boards, and educational institutions that focus on fostering diversity and inclusion. Proactively seek out potential candidates from underrepresented groups to create a more diverse applicant pool.
4. Diversity Metrics and Reporting: Establish clear diversity metrics and regularly monitor and report progress in achieving diversity goals. This approach ensures accountability and allows us to identify areas for improvement and take corrective actions as needed.
5. Employee Resource Groups: Encourage the formation of employee resource groups (ERGs) that focus on diversity and inclusion. ERGs provide a platform for employees to share experiences, support each other, and contribute to initiatives aimed at fostering a more inclusive workplace culture.
By implementing these recommendations, we can create a more equitable and diverse workforce that not only complies with employment laws but also brings a range of perspectives and experiences to drive innovation and success.
I request your support and guidance in addressing these concerns effectively. Please let me know if you would like to discuss this matter further or if you have any additional insights to contribute. I believe that by working together, we can make significant strides toward creating a more inclusive and diverse workplace.
Thank you for your attention to this matter.
Closing: Sincerely,
[Your Name]
[Your Position]
[Contact Information]
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Your storage firm has been offered $97,000 in one year to store some goods for one year. Assume your costs are $95,400, payable immediately, and the cost of capital is 8.9%. Should you take the contract?
Answers
Answer:
No
Explanation:
While packing an item what size packaging material should be used
Answers
Answer:
box
Explanation:
because large box have a lot of space
Determine the process followed by a purchasing manager before signing a contract with a supplier
Answers
Answer:
A buying manager often goes through a process before signing a contract with a supplier. They may consist of:
Determining the need: The buying manager determines the quantity and quality needed for the products or services inside their firm.
Finding suppliers: The buying manager does research to find possible vendors that can fulfill the needs of the company.
Requesting quotations: The buying manager may ask the chosen suppliers for quotes or proposals that list the products or services they can provide, together with their prices, deadlines, and other details.
Evaluation of bids: The purchasing manager assesses the submitted proposals in accordance with a number of factors, such as cost, level of quality, timeliness of delivery, terms of payment, and standing of the supplier.
Explanation:
The list price of an item is $96.60. The supplier is offering a series trade discount of 10/10/19. Find the net cost.
The net cost of the item is $
(Round to the nearest cent as needed.)
Answers
The net cost of the item, after applying the series trade discount, is $63.41.
To calculate the net cost of the item, we need to apply the series trade discount provided. The series trade discount is given as 10/10/19, which means there are three successive discounts applied.
Let's break down the discounts:
The first discount is 10%.The second discount is 10%.The third discount is 19%.To find the net cost, we need to calculate the price after each discount.
Step 1: Apply the first discount of 10%
List price - (10% of list price)
List price - (10/100 * List price)
List price - 0.1 *
List price = 0.9 * List price
Step 2: Apply the second discount of 10%
0.9 * List price - (10% of 0.9 * List price)
0.9 * List price - (10/100 * 0.9 * List price)
0.9 * List price - 0.09 * List price
0.81 * List price
Step 3: Apply the third discount of 19%
0.81 * List price - (19% of 0.81 * List price)
0.81 * List price - (19/100 * 0.81 * List price)
0.81 * List price - 0.1539 * List price
0.6561 * List price
Now, to find the net cost, we multiply the list price by the result of the series of discounts:
Net cost = List price * 0.6561
Given that the list price is $96.60, we can calculate the net cost:
Net cost = $96.60 * 0.6561
Calculating this, we find:
Net cost = $63.41 (rounded to the nearest cent)
Therefore, the net cost of the item, after applying the series trade discount, is $63.41.
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Inspectors are responsible for what:
A. Making rules and regulations
B. Choosing where businesses can operate
c. Enforcing rules and regulations
D. Making employment laws
Answers
H oohchigicig
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The responsibility for implementing sound accounting practices and principles, maintaining an adequate internal control structure, and making fair representations in the financial statements rests primarily with the
A) Senior management.
B) External auditors.
C) Internal audit department.
D) Shareholders.
Answers
The responsibility for implementing sound accounting practices and principles, maintaining an adequate internal control structure, and making fair representations in the financial statements rests primarily with the option (a) senior management.
Senior management is responsible for overseeing the organization's accounting function, ensuring compliance with accounting standards, and maintaining accurate financial records.
Senior management is responsible for ensuring that the financial statements comply with accounting standards and accurately reflect the organization's financial position, performance, and cash flows.
Hence the correct option is (a).
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Substantive law can best be described as:
Answers
substantive law is a set of known and defined laws which govern how members of the society behave. it also have a relationship with procedural law which is a set of procedures for making and enforcing substantive law.
Substantive law defines rights and responsibilities in civil law, and crimes and punishments in criminal law. It may be codified in statutes or exist through precedent in common law.
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Eugene Torres works in a shared role for Multiglass Computers. He works in both the programming and the research departments for the company and splits his time equally in both roles. Eugene is paid $12 per hour in the programming department and $16 per hour in the research department. When he works overtime in the research department, what is his pay rate? Multiple Choice $18.00 per hour $36.00 per hour $32.00 per hour $24.00 per hour
Answers
In the research section, hourly pay is $24. Thus, if he puts in more time at the research department.
How to calculate overtime pay =
Hourly rate of pay x 1.5
= $16 X 1.5 equals
= $24 per hour.
The amount of additional time owed to each employee during a pay period is what is known as overtime compensation.
The research division compiles and analyses consumer and target market data. The work of the creative department and account management is supported by this data. The selection and placement of advertisements in print and broadcast media is a specialty of media planners.
It is frequently both efficient and successful for a firm to seek the services of independent marketing facilitators because marketing functions need a great deal of experience. These are businesses and consultants whose sole or main duty is to handle marketing-related tasks.
All or a portion of these tasks are internal in many larger businesses. However, most businesses only need occasional or part-time assistance from marketing facilitators, thus this is neither required nor justifiable.
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Morin Company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payment of $65. The market requires an interest rate of 6.1% on these bonds. What is the bond's price
Answers
Answer:
The bond price is $1024.74.
Explanation:
Given,
time, t= 8 year
Maturity value, F = $1,000
interest rate, r = 6.1%
Coupon, C = $65
Bond's price = \(C [ \dfrac{(1-[1+r]^{-t} )}{r} ] + \dfrac{F}{[1+r]^t}\)
= \(65 [ \dfrac{(1-[1+0.061]^{-8})}{0.061}] +\dfrac{1000}{[1+0.061]^8}\)
= \(65 [\dfrac{ (1- \dfrac{1}{1.6059})}{0.061}] + \dfrac{1000}{1.6059}\)
= \(65 [ \dfrac{(1 - 0.6227)}{0.061}] +\dfrac{1000}{1.6059}\)
=\( 65\times [ 6.1852] + 622.70\)
=$1024.74.
Hence, the bond price is $1024.74.
larner corporation is a diversified
Answers
Which statement best summarizes the role of businesses in the flow of
goods?
O A. Businesses provide natural resources to product markets.
B. Businesses consume goods produced by households.
C. Businesses offer goods and services to consumers.
D. Businesses sell goods that are created in product markets.
Answers
Answer:
the answer is C
Which term is used to describe the physiological process of decoding sounds?
Answers
Hope this helps queen
Which is the primary characteristic of all physical and digital sales channels?
A: Market dominance
B: Branding
C: Closing sales
Answers
which research aims at finding a solution for an immediate problem facing a society or an industry/business organisation
Answers
Answer:
Applied research
Explanation:
Applied research can be regarded as methodology that is used in solving a specific as well as practical issue that has effect on an individual or group.
This particular scientific method of study and research could be used in business, education, as well as medicine in order to create solutions which may improve health as well as solving scientific problems to development of new technology.
Applied research which is a research methodology used in creation of practical solutions for specific problems. It should be noted that Applied research aims at finding a solution for an immediate problem facing a society or an industry/business organisation
Prepare a 2019 individual tax return using the following fact pattern. Compute net tax payable or refund due for Alice and Bruce Byrd for 2019.
Alice J. and Bruce M. Byrd are married taxpayers who file a joint return. Their social security numbers are 123-45-6789 and 111-11-1111, respectively. Alice’s birthday is September 21, 1968 and Bruce’s is June 27, 1962. They live at 473 Revere Avenue, Newtown, NY 10187. Alice is the office manager for Ames Dental Clinic, 433 Broad Street. Newtown, NY 10187(employer identification number 98-7654321). Bruce is the manager of a Super Burgers fast-food outlet owned and operated by Plymouth Corporation, 1247 Central Avenue, Hauppauge, NY 11788(employer identification number 11-1111111). He is also a self -employed attorney and has a part time practice.
The following information is shown on their Wage and Tax Statements (Form W-2) for 2019.
Line Description Alice Bruce
1. Wages, tips and other compensation $52,600 $61,500
2. Federal income tax withheld 4,180 5,990
3. Social Security wages 52,600 61,500
4. Social Security tax withheld 3,261 3,813
5. Medicare wages and tips 52,600 61,500
6. Medicare tax withheld 763 892
15. State NY NY
16. State wages, tips, etc. 52,600 61,500
17. State income tax withheld 2,280 2,990
The following information is for Bruce’s law practice:
Income $60,000
Utilities… $3,000
Rent $12,000
Supplies…. $5,000
Salaries $10,000
Disbursements… $3,000
The Byrds support their two children, Cynthia (born January 15, 2006, Social Security number 123-45-6788) and John (born February 7, 2008, Social Security number 123-45-6786)..
During 2019, the Byrds furnished 60% of the total support of Bruce’s widower father, Sam Byrd (born March 6, 1934, Social Security number 123-45-6787). Sam lived alone and covered the rest of his support with his social security benefits. Sam died in November and Bruce, the beneficiary of a policy on Sam’s life, received life insurance proceeds of $600,000 on December 28th.
The Byrds had the following expenses relating to their personal residence during 2019:
Property taxes $10,720
Qualified interest on home mortgage 9,130
Repairs to roof 4,780
Utilities 3,810
Fire and theft insurance 2,290
The following facts relate to medical expenses for 2019:
Medical insurance premiums $4,380
Doctor bill for Sam incurred in 2018 and not paid until 2019 7,760
Operation for Sam 7,310
Prescription medicines for Sam 860
Hospital expenses for Sam 2,850
Reimbursement from insurance company, received in 2019 3,000
The medical expenses for Sam represent most of the 60% Bruce contributed toward his father’s support.
They also engaged in a few stock transactions. They sold 100 shares of Green Company Stock for $10,000 on February 15, 2019. Their cost basis is $2,000. They had purchased the stock on March 15, 2009. They sold 50 shares of Orange Company Stock for $8,000 on March 3, 2019. They had purchased the stock on December 20, 2018 for $12,000.
Other relevant information follows:
• When they filed their 2018 state return in 2019, the Byrds paid additional state income taxes of $950.
• During 2019, Alice and Bruce attended a dinner dance sponsored by the Ames Police Disability Association (a qualified charitable organization). The Byrds paid $400 for the tickets. The cost of comparable entertainment would normally be $160.
• The Byrds contributed $4,800 to Ames Presbyterian Church and gave used clothing(cost of $1,100 and fair market value of $450) to the Salvation Army. All donations are supported by receipts and are in very good condition.
• In 2019, the Byrds received interest income of $2,695, which was reported on a Form 1099-INT from Second National Bank.
• Bruce paid $320 for an annual subscription to the Journal of Franchise Management.
Instructions:
Prepare a 2019 Form 1040. All corresponding schedules are required. The return may be prepared with any tax software as long as it is current. It must be typed
Answers
Answer:
Oof thats a long question.
Explanation:
Liz has set up a new employee with Standard user access but has unchecked the Payroll access box. Which part of QuickBooks Online will the new employee not have access to?
A. Bank Registor
B. Employees Tab
C. Contractors Tab
D. Report Center
Answers
The part of the Quick book online in which the new employee does not have access is the employee tab.
The following information should be considered as relevant:
The payroll access should be given in the employee tab.The new employee does not have access to the employee tab because the access box of the payroll remains unchecked.Thus, the other options are not correct.
Therefore we can conclude that The part of the Quick book online in which the new employee does not have access is the employee tab.
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10. (4.1) Which of the following accounts for the biggest
portion of GDP in the United States?
a. Consumption
b. Business Investment
C. Government Spending
d. Net Exports
Answers
Answer:
a. Consumption
Explanation:
People like spending money and personal consumption expenditures make up the greatest portion of the US's GDP
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Why do we use lampshades and light fixtures?
~to make light speed up
~to create brighter light
~to make light slow down
~to keep light from scattering in all directions
Answers
Answer:
im pretty sure its D.
also hi sis.
Jake is looking to sell his grandparents’ marketable assets. Those with the most liquidity are _____. (Select all that apply.)
his grandparents’ house
a municipal bond
a government savings bond in his grandparents’ names
100 shares of ABC Corporation common stock
Answers
Answer:
a municipal bond and 100 shares of ABC Corporation common stock
. Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500 Cash Allowance straight off her total
6. Using the Loan Calculator(https://www.bankrate.com/calculators/mortgages/loan-calculator.aspx) and the 1.9% APR offer, how much will Molly’s monthly payment be?
Answers
Answer: $286
Explanation:
First and foremost, we have to calculate the loan that is need by Molly which will be:
= $25495 - $2500 - $500
= $22495
At 1.9% APR, the monthly interest rate will be:
= 1.9%/12
= 0.0112
=0.001583
Since the number of payments is 84, then the monthly payment of Molly will be:
= 22495 × 0.001583 / (1-1/1.001583^84)
= $286
It is ____________ to miss a job opportunity because you are a minority worker.
Answers
Reverse discrimination
When a person is denied an opportunitity because of preferences given to protected-class individuals who may be less qualified.
-What factors determine an individual’s ethics. For you, which factor has been the most significant?
Answers
Answer:
Individual's Cultural/Familys Ethics. Individuals Religion. Individuals Experiences. And Societal pressures. The Factor that has contributed most to my morals is Religous Background and Societal Pressure.
Explanation:
An individuals own ethics is largely founded upon what they are taught to value. This foundation begins at a young age, but is subject to change over time and experience. The first foundation of ethics is what your family values or what you are are taught to value. The second factor is Religion or world view. Everyone has a god or God all religions though will have a moral law. Societal pressure or what society thinks is ethically Just will pressure ones own ethics.
Post-assessment
Question 2 of 10
Which of these is true about social signals?
Answers
The option which is always true about social signals is : "They may have different meanings across cultures."
What are social signals?Social signals are interactions between social media users and the content you share on your website.
Below are some examples of social signals. Someone shared a link to a page on your site in a public Fac. ebook post. The post will receive likes, comments and other shares. Social signals are interactions and engagement between people with posts on social media.
Social signals include: Fac. ebook likes, comments and shares. Tw. itter likes, retw. eets, quotes and conversations.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
Which of these is true about social signals?A. They are always clear and obvious.B. Only peers send them to each other.C. They tell you everything you need to know.D. They may have different meanings across cultures.