Answer:
A. Dr Cash Account $10,800,000
Cr To Bonds Payable $10,000,000
Cr To Premium Payable $800,000
B.Dr Bonds Payable account $3,000,000
Dr Premium on bonds payable Debited $2,700,000
Cr To Common Stock $7,500
Cr Additional paid in capital $5,692,500
Explanation:
(a) Preparation of the journal entry to record the original issuance of the convertible debentures
Dr Cash Account $10,800,000
Cr To Bonds Payable $10,000,000
Cr To Premium Payable $800,000
($10,000,000*8/100=$800,000)
(Being issue of share on convertible debenture)
b.Preparation of the journal entry to record the exercise of the conversion option, using the book value method
Dr Bonds Payable account $3,000,000
Dr Premium on bonds payable Debited $2,700,000
Cr To Common Stock $7,500
Cr Additional paid in capital$5,692,500
($3,000,000+$2,700,000-$7,500)
(Being maintain the record of outstanding conversation of debenture)
Calculation for for BONDS CONVERTED
First step is to calculate the amortization for 2013
Amortization for 2013=$10,000,000/20
Amortization for 2013=$500,000
Second step is to calculate the amortization for 2014
Amortization for 2014=$10,000,000/20
Amortization for 2014=$500,000
Third step is to Calculate the premium on bonds payable
Premium on bonds payable=$10,000,000−($500,000+$500,000)
Premium on bonds payable=$9,000,000
Now let calculate the bonds converted
Bonds converted=$9,000,000×30/100
Bonds converted=$2,700,000
Calculation for COMMON STOCK
First step is to calculate the number of bonds
Number of bonds=$10,000,000/1000
Number of bonds=10,000
Second step is to calculate Price for the bond
Price for the bond=10,000×5
Price for the bond=50,000
Third step is to Calculate for Stock Split
Stock Split=50,000/2
Stock Split=25,000
Now let calculate the common stock
Common stock=25,000×30/100
Common stock=7,500
Calculation for BONDS PAYABLE
Bonds Payable=10,000,000×30/100
Bonds Payable=3,000,000
Answer:
my own answer is 7500x30=225000
How can a user see the properties attached to a field in a database?
O Use the Design view, and click the data type.
O Use the Design view, and click the field name.
O Use the Datasheet view, and click the data type.
O Use the Datasheet view, and click the field name.
Answer: use the design view, and click the field name
Explanation:
Answer:
B
Explanation:
On March 5 PV Inc purchased $3,300 worth of merchandise from Panther Supply with the terms 2/10,n/30 On March 14, PV Inc paid Panther Supply the amount owed less the discount. Show the journal entry for March 5 and March 14 a
Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone must have a gidgit, the "must-have" gadget! Gidgits Galore has opened up stores in ten new states, hired hundreds of new employees, built two additional factories, and started an advertising campaign that has caught the US by storm! Its expansion has been featured in news magazines across the country. But Gidgits Galore has encountered a few problems and needs some advice.
Should Gidgits Galore entice much sought-after employees with generous benefits?
no
yes
Answer:
Yes
Explanation:
Edge 2021
Answer:
YES edge 2023
Explanation:
The debt-GDP ratio: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices rises whenever the debt rises. is not as accurate in assessing the ability of governments to pay their debts as examining the percentage dollar/euro increase or decrease to the debt. measures government debt relative to gross domestic product minus imports and exports. measures government debt relative to the potential ability of the government to collect taxes to cover that debt
Answer:
rises whenever the debt rises
Explanation:
The Debt to GDP ratio is a financial metric that compares the debt of a country to its GDP It measures the ability of a country to repay its debt using its GDP
Debt is the total money a country owes to its lenders
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Debt to GDP ratio = total debt of country / total GDP of a country
If total debt = $50 million and total GDP = 100 million
Debt GDP ratio = $50 million / $100 million = 0.5
the higher Debt is, the higher the ratio. The lower debt is, the lower the ratio
John Deere is a manufacturer of agriculture equipment. Deere supplies replacement parts to dealerships across the globe. John Deere has begun utilizing technology so it can identify the geographic location of the parts. This information is available to dealerships and is especially useful in reducing equipment downtime. Agriculture equipment owners can have their machines repaired with replacement parts in a shorter amount of time than before the use of the tracking technology. This is an example of a phenomenon referred to as the _______.
Answer: Internet of Things
Explanation:
The above scenario explained in the question shows that John is utilizing the Internet of Things.
Internet of Things (IoT) simply refers to the internet-connected objects which can be used to gather data over a wireless network and also transfer them.
The Internet of things is vital in this case as it helps to to have devices that self report in real-time, and improving efficiency.
Ed lives in Merchantville , a state that has a so-called merchant protection statute (or shopkeeper's privilege). One day Ed goes to the grocery store to shoplift some steaks for dinner. The owner of the grocery store catches Ed red-handed in the act of shoplifting. He and an employee gently restrain Ed in the back room, feeding him gourmet food and wine until the local sheriff finally shows up three days later. If Ed sues the grocer for the tort of false imprisonment, he will win if he can prove that
Answer:
the gourmet food that he was fed was poorly prepared
Explanation:
Shopkeeper's priviledge is the law that allows United States shop owners detain people that shoplifted from their shop.
They must have proof that the person did the crime and also are only able to hold him for a reasonable time.
In the given scenario the shop owner catches Ed red-handed in the act of shoplifting. He and an employee gently restrain Ed in the back room, feeding him gourmet food and wine until the local sheriff finally shows up three days later.
Ed can win a tort of false imprisonment if the gourmet food that he was fed was poorly prepared.
There must be proper care given while the suspect is being detained. Being fed poorly prepared food means he was detained under conditions that could be detrimental to his health
1. what is Business income
I think Business income is a type of earned income and is classified as ordinary income for tax purposes.
have a nice day:)
1. On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial investment. He projects that the investment will earn 8% per year. Based on these assumptions, how much money should Jordan expect to have when he turns 60?
A. $217,245.21
B. $187,518.64
C. $46,789.33
D. $312.589.66
E. $98,514.57
F. $209,987.33
2. On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial investment. He projects that the investment will earn 10% per year. Based on these assumptions, how much money should Jordan expect to have when he turns 60?
A. $452,592.56
B. $278,582.56
C. $427,986.56
D. $438,478.56
E. $397,567.56
F. $301,578.66
3. Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is one hundred dollars per week) into the account at the end of each year. She expects her investments to earn an average of 9% over the next 30 years. How much will she have at the end of the 30 years?
A. $689,364.25
B. $254,369.25
C. $674,689.33
D. 356,543.89
E. $701,055.34
F. $722,066.88
4. Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is one hundred dollars per week) into the account at the end of each year. She expects her investments to earn an average of 9%, and is investing over the term of 40 years. How much will she have at the end of the 40 years?
A. 1,238,547.66
B. 1.788,398.13
C. 1,897,384.66
D. 1,254,642.98
E. 2,121,361.87
5. Randolph has $20,000. He invests his money and expects to earn 9% on the investment. Approximately how many years will it take for his investment to become $80,000? Use the rule of 72 to figure this out.
A. 8
B. 12
C. 18
D. 30
E. 24
F. 16
6. Use the rule of 72 to determine the following investment result. Amaya has $10,000. She expects to earn 7.2% on her investments portfolio. How long will it take forher investment to double?
A. 10 years
B. 9 years
C. 8 years
D. 7 years
E. 11 years
F. 7.2 years
7. Which of the following inestments would be considered the most liquid?
A. A standard savings account
B. Real Estate
C. A one year CD
D. A 401k
8. Which type of account would most financial advisors prefer for you to keep your reserve fund? Choose the best answer.
A. 529
B. 403b
C. checking account
D. savings account
E. 401k
9. Jair invested his money and earned 12% over the last year. Over the same duration, the inflation rate was 4%. What is his real rate of return.
A. 4%
B. 8%
C. 12%
D. 16%
10. Makeria bought an investment for $300 and sold it two years later for $360. What was her ROI in Dollars?
A. $60
B. 0.20
C. $300
D. $360
11. Makeria bought an investment for $300. Two years later she sold it for $360, what was her total ROI as a percentage?
A. 20%
B. 10%
C. 360%
D. 300%
12. Makeria Invested $300 and then sold her investment 2 years late for a total of $360. What was her average annual ROI? (choose the closest answer)
A. 20%
B. 10%
C. 360%
D. 300%
Answer: E
$98,514
Explanation:
answer:
i believe the answer would be answer choice b
(i'm sorry i could only figure out the first one)
i used smart asset (you should look into it)
i wish you the best of luck, hopefully this helps :)
have a great day !!
Which is true about vendor files?
A. They can be in electronic or paper form.
B. They must be cleaned on a daily basis.
C. Duplicate records do not need to be removed.
D. They do not need maintenance.
Answer:
A. They can be in electronic or paper form.
Why is it important to be held accountable for your actions?
3 sentences
In a model with two large open economies, the world real interest rate is such that A. desired international lending by one country equals desired international borrowing by the other country. B. desired international borrowing will be the same in both countries. C. desired international lending will be the same in both countries. D. desired international lending and borrowing will be zero in both countries.
Answer:
A. desired international lending by one country equals desired international borrowing by the other country.
Explanation:
Rate of return can be defined as the percentage of interest or dividends earned on money that is invested.
In Financial accounting, a return refers to the amount of profit generated by an investor on an investment over a specific period of time.
Basically, the rate of return which is typically expressed as a percentage of the initial costs of an investment can either be a gain or a loss on an investment. Therefore, a positive rate of return on an investment over a specific period of time, simply means that an investor is making a profit (gains) while a negative rate of return on an investment over a specific period of time, indicates that the investor is running at a loss.
In a model with two large open economies, the world real interest rate is such that desired international lending by one country equals desired international borrowing by the other country.
Thus, the willingness of one country to lend is met by an equal willingness of another country to borrow.
The treasurer of Systems Company has accumulated the following budget information for the first two months of the coming year:March AprilSales. $450,000 $520,000Manufacturing costs 290,000 350,000Selling and administrative expenses 41,400 46,400Capital additions 250,000 ---The company expects to sell about 35% of its merchandise for cash. Of sales on account, 80% are expected to be collected in full in the month of the sale and the remainder in the month following the sale. One-fourth of the manufacturing costs are expected to be paid in the month in which they are incurred and the other three-fourths in the following month. Depreciation, insurance, and property taxes represent $6,400 of the probable monthly selling and administrative expenses. Insurance is paid in February and a $40,000 installment on income taxes is expected to be paid in April. Of the remainder of the selling and administrative expenses, one-half are expected to be paid in the month in which they are incurred and the balance in the following month. Capital additions of $250,000 are expected to be paid in March.Current assets as of March 1 are composed of cash of $45,000 and accounts receivable of $51,000. Current liabilities as of March 1 are composed of accounts payable of $121,500 ($102,000 for materials purchases and $19,500 for operating expenses). Management desires to maintain a minimum cash balance of $20,000.Prepare a monthly cash budget for March and April.
Answer:
March $6,000
April $134,400
Explanation:
Preparation of a monthly cash budget for March and April
SYSTEMS COMPANY CASH BUDGET FOR MARCH AND APRIL
March April
Estimated cash receipts from:
Cash sales $157,500 $182,000
($450,000*35%=$157,500)
($520,000*35%=$182,000)
Collections of accounts receivable
$285,000 $328,900
[$51,000+($450,000*65%*80%)=$285,000]
[($450,000*65%*20)+($520,000*65%*80%)=$328,900]
Total cash receipts $442,500 $510,900
($157,500+$285,000=$442,500)
($182,000+$328,900=$510,900)
Estimated cash payments for:
Manufacturing costs $174,500 $305,000
[$102,000+($290,000*1/4)=$174,500]
[($290,000*3/4)+($350,000*1/4=$305,000)]
Selling and administrative expenses $37,000 $37,500
[($41,400-$6,400)/2 + $19,500 $37,000]
[($46,400-$6,400)/2 +$19,500$37,500]
Capital additions $250,000 $0
Income taxes $0 $40,000
Total cash payments $461,500 $382,500
Cash increase (decrease) -$19,000 $128,400
($442,500-$461,500=-$19,000)
($510,900-$382,500=$128,400)
Cash balance at beginning of month $45,000 $26,000
Cash balance at end of month $26,000 $154,400
(-$19,000+$45,000=$26,000)
($128,400+$26,000=$154,400)
Minimum cash balance $20,000 $20,000
Excess (deficiency) $6,000 $134,400
($26,000-$20,000=$6,000)
($154,400-$20,000=$134,400)
Therefore The monthly cash budget for March and April will be :
March $6,000
April $134,400
provide a defination of GAAP
Answer:
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Generally accepted accounting principles, or GAAP, are a set of rules that encompass the details, complexities, and legalities of business and corporate accounting. The Financial Accounting Standards Board (FASB) uses GAAP as the foundation for its comprehensive set of approved accounting methods and practices.
What is a franchise business?
Briefly explain the term Gross Domestic product
Answer:
Explanation:
Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.
How does insurance fraud create higher overall prices for everyone?
Ya girl is stuck, i need help
Answer:
Auto insurance fraud affects all drivers because insurance companies determine their rates, at least partially, based on losses.
If Doria needs a short-term loan, what type of loan would you recommend she seek and from what type of financial institution? Justify your recommendation.
Explanation:
Short term loans are loans which are normally needed in order to take care of an emergency.
Doria can get short term loans from banks. To get this she has to be an already existing member of this bank.
She can also get from credit unions. Their rate of interest is usually smaller than the banks own and to access a loan she has to be an already existing customer of the union.
Also there are payday loans that she can lend from and pay back on her next pay day.
I would recommend borrowing from the credit union and the reason is simple, the interest rate is lower. So what she would be paying back in addition to her loan amount is going to be low.
Tommy agrees to buy a house for $84,500. He pays $2,000 as earnest money and obtains a new mortgage loan for $67,600. The purchase contract provides for a Mar. 15 settlement. Tommy and the sellers prorate the present year's real estate taxes of $1,880.96, which have been paid. The buyer is responsible for the day of closing. Tommy has additional closing costs of $1250. Using the "actual number of days" method, how much cash must Tommy bring to the settlement?
Answer: $17,654.97
Explanation:
In order to solve the question, the first thing to do is to count the number of days from March 15 to Dec. 31. In this case, we will have 292 days.
Then we get the daily rate which will be:
= $1,880.96/365
= $5.153.
Then, we multiply the daily rate of $5.153 by the number of days which will be:
= $5153 × 292 days
= $1,504.97.
Then, we calculate the down payment, which will be:
= $84,500 - $67,600
= $16,900
We then deduct the $2,000 that has already been paid. This will be:
= $16900 - $2000
= $14900
Adding together all the values then the total cash that Tommy must bring to the settlement will be:
= $14900 + $1,504.97 + $1,250
= $17,654.97
Why is it virtually important to understand the fees your bank may charge on your checking account
Answer:
Explanation:
When a bank lends you money, it charges interest on the loan. When you open a deposit account, such as a checking or savings account, there are fees for that as well. It's important to know all the fees your bank charges, as well as how to reduce or eliminate as many of them as possible.
Grace has an annual salary of $50,000 while Jorge has an annual salary of $30,000. However, Jorge is actually the “wealthier” person. Explain how this can be the case.
I dont know.
...........
Example : Yazici Advertising purchased supplies costing 2,500 on October 5. An inventory count at the close of business on October 31 reveals that 1,000 of supplies are still on hand. On October 4, Yazici Advertising paid 600 for a one-year fire insurance policy. Coverage began on October 1.
Question Completion:
Journalize the adjusting entries:
Answer:
Yazici Advertising
Adjusting Journal Entries:
Date Account Titles Debit Credit
October 31:
1. Supplies Expense $1,500
Supplies $1,500
To record the supplies expense for the year ended October 31.
2. Insurance Expense $50
Prepaid Insurance $50
To record the insurance expense for the month of October.
Explanation:
a) Data and Analysis:
October 31:
1. Supplies Expense $1,500 Supplies $1,500 ($2,500 - $1,000)
2. Insurance Expense $50 Prepaid Insurance $50 ($600 * 1/12)
3. From the scenario, the year-end is October 31.
According to the video, where do most Commercial Artists work?
in an office or studio
in a warehouse or factory
in a school
in a gallery
Answer:
A.
Explanation:
Edge 2023
There are ___ types of resources.
2
5
3
4
Well water from an aquifer is a good that economists call "rival" but "non-excludable." Explain what you think that means?
Answer:
"Non-excludable " : This means that the well water form an aquifer can be drilled by anybody and not just a specific person or company.
" rival " : This means that the consumption of well water form an aquifer is exclusive for certain consumers ( i.e. cannot be consumed by everybody )
Explanation:
well water from an aquifer is a good considered "Non-excludable " : This means that the well water form an aquifer can be drilled by anybody and not just a specific person or company.
Well water from an aquifer is a good considered " rival " : This means that the consumption of well water form an aquifer is exclusive for certain consumers ( i.e. cannot be consumed by everybody )
Choose the answer that correctly identifies the conflict management styles represented by each version. a. 1- non-confrontational, 2- cooperative, 3- confrontational, 4- confrontational and non-confrontational b. 1- confrontational, 2 - cooperative, 3- confrontational, 4 - cooperative and confrontational c. 1- cooperative, 2 - confrontational, 3- non-confrontational, 4 - both are confrontational d. none of the above
Hi, you've asked an incomplete question. However, the missing question read;
Version 1: George walks away. He never talks to Elaine or Jerry again.
Version 2: George confronts Elaine, saying “I am angry about what you have been saying. I do not want you spreading rumors about me. If you have a problem, please see me about it.”
Version 3: George yells at Elaine to shut u.p and then confronts his boss demanding to know why he’s going to be fired.
Version 4: George demands that Elaine tell him where she heard that. Elaine tells him not to worry about it and tries to crack a joke about how much the boss is late.
Answer:
Version 1: non-confrontationalVersion 2: cooperativeVersion 3: confrontationalVersion 4: confrontational and cooperativeExplanation:
1. In this scenario it is evident that George avoids confrontation with Elaine. In fact, we are told that "[He] walks away..."
2. In this scenario, however, we notice a cooperative deposition between George and Elaine. He made this lear when he said, "...If you have a problem, please see me about it.”
3. Confrontation occurs in this scenario as we are told that "George... then confronts his boss demanding to know why he’s going to be fired. "
4. By demanding "that Elaine tells him where she heard that" indicates confrontation. While Elaine's cracking a joke about how much the boss is late shows cooperation.
Answer:
A
Explanation:
"Modern technology is developed from local / traditional technology." Justify this statement
Explanation:
Modern technology would be things that we have today such as smart phones, tablets, gaming systems and computers. Traditional/Local technology would be things such as handicrafts that were made before things such as computers and new technology are inverted.What are the job roles on offer in the picture?
Will be grateful for any replies, thanks!
Answer:developer and a program assistant
Explanation:
McCoppin Industries has three employees: Dean, Annie and Kent. Dean works entirely in State A and was paid a salary of $130,000 plus a $30,000 bonus. Annie works entirely in State B and was paid a salary of $50,000. Kent works 60% of the time in State A and 40% of the time in State B and was paid $100,000 in commissions. Calculate McCoppin's payroll factor for State A
Answer:
All of Dean's compensation must be included in State A = $130,000 + $30,000 = $160,000
None of Annie's compensation is included in State B = $0
Kent's compensation is also included in State A since the majority of hiss ales are carried out there = $100,000
total payroll allocated to State A = $260,000
payroll factor = $260,000 / ($260,000 + $50,000) = 83.87% = 84%
Consider the following goal: "I'm going to earn $10,000 this month, working part
time at the fast food restaurant (up from $234 last month).” Why would this NOT be
considered a SMART goal?
a) It is not specific
b) It is not measurable
c) It is not attainable
d) It is not time-bound
Strieby Corp. operates a business with three separate entities as subsidiaries that operate as a unitary business: Matty Corp., Kennedy Corp. and Jackson Corp.. Strieby has arranged operations so that Matty has nexus only with Texas, Kennedy has nexus only with Massachusetts, and Jackson has nexus only with California. Strieby is domiciled in California. Assuming California is unitary state, which entities will be included in the Strieby income tax return?
Answer:
Those that will be required to file a California return are; Matty,
Strieby, Kennedy and Jackson .
Explanation:
Those that will be required to file a California return are; Matty, Strieby, Kennedy and Jackson. From the question we are informed that all of the entities involved are operating unitary Business, which is the same concept followed by California. And we know that
Unitary business can be regarded as group of persons which are related and having interdependent business activities/operations. So in this case, single California return will be filled by the entities involved.