The entries to record the bond issue on January 1, 2021 is: Debit Cash $549,482; Credit Discount On bonds Payable $49,482; Credit Bonds Payable $500,000.
Journal entriesSplash city journal entries
January 1, 2021
Debit Cash $549,482
Credit Discount On bonds Payable $49,482
Credit Bonds Payable $500,000
(To record bond issue)
June 30, 2021
Debit Interest Expense $21,979.28
(8%/2×$549,482)
Debit Discount on Bonds Payable $520.72
($22,500-$21,979.28)
Cash $22,500
(9%/2×$500,000)
(To record semiannual interest payments )
December 31, 2021
Debit Interest Expense $21,979.28
(8%/2×$549,482)
Debit Discount on Bonds Payable $520.72
($22,500-$21,979.28)
Cash $22,500
(9%/2×$500,000)
(To record semiannual interest payments )
Therefore the entries to record the bond issue on January 1, 2021 is: Debit Cash $549,482; Credit Discount On bonds Payable $49,482; Credit Bonds Payable $500,000.
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Joe is a landlord of a small apartment building in the downtown district. He usually charges $3,000 per month for his apartments. The local government just passed a law stating that all rent in the downtown district must be at or below $2,600 per month. After this policy is implemented, what will be the effect on supply of apartments and demand of apartments in the downtown district?
Supply down, demand up
Supply down, demand down
Supply up, demand down
Supply up, demand up
When the new law is passed, the effect on the supply and demand of apartments is that Supply down, demand up.
What happens when a price ceiling is below the equilibrium?When the equilibrium price which is $3,000 in this case, is higher than the price ceiling of $2,600 in this case, more people will demand apartments because they will be more likely to afford it.
Supply on the other hand, will decrease because less people will want to make their places available at below equilibrium price.
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The effect on supply of apartments is that supply will be down and the demand of apartments in the downtown district will be up.
What affects demand for housing?The primary factor affecting the demand for housing is usually the price of housing.
Using the law of demand, as price decreases, the amount or the quantity of housing in terms of quantity demanded will go up or increases.
Note that because of a drop in price, more people may need more housing and as such the quantity supplied will not be able to meet up with the demand and another factor is that some homeowners may want to hold off in leasing apartment at that low price.
Therefore, option A is correct.
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Following are two weekly forecasts made by two different methods for the number of gallons of gasoline, in thousands, demanded at a local gasoline station. Also shown are actual demand levels, in
thousands of gallons:
Forecast
Method 1
Actual
Demand
Actual
Demand
Week
Forecast
Method 2
0.82
Week
1
0.90
0.72
1
0.72
2
1.02
1.00
2
1.19
1.00
3
0.92
1.00
3
0.92
-1.00
4
1.17
1.00
4
1.17
1.00
The MAD for Method 1 = thousand gallons (round your response to three decimal places).
MAD = 0.51/4 = 0.1275 and MSE = 0.0721/4 = 0.018.
What is MAD and MSE?MAD( Mean Absolute Deviation) and MSE( Mean Squared Error) are the most commonly used forecast error measures. MAD is the average of the absolute errors and MSE is the average of the squared errors.
Solution:- Method 1 Week Method 1 Actual E E^2
1 0.9 0.7 0.2 0.04
2 1.05 1 0.05 0.0025
3 0.95 1 0.05 0.0025
4 1.2 1 0.2 0.04
0.5 0.085
MAD = sum of error/n
= 0.5/4
=0.125
MSE = sum of squared error/n
= 0.0.85/4
= 0.02125
Method 2 Week Method 2 Actual E E^2
1 0.8 0.7 0.1 0.01
2 1.2 1 0.2 0.04
3 0.9 1 0.1 0.01
4 1.11 1 0.11 0.0121
0.51 0.0721
Hence, MAD = 0.51/4 = 0.1275 and MSE = 0.0721/4 = 0.018.
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Here are the returns on two stocks.
Digital Cheese Executive Fruit
January +15 +8
February −4 +2
March +6 +7
April +8 +15
May −5 +3
June +4 +8
July −3 −4
August −9 −3
Required:
a-1. Calculate the variance and standard deviation of each stock.
a-2. Which stock is riskier if held on its own?
b. Now calculate the returns in each month of a portfolio that invests an equal amount each month in the two stocks.
c. Is the variance more or less than halfway between the variance of the two individual stocks?
Based on the returns on Digital Cheese and Executive Fruit, the variance and standard deviation of each stock is:
Variance:
Digital cheese = 56.8 Executive fruit = 34.8Standard deviation:
Digital cheese = 7.5Executive fruit = 5.9This means that Digital Cheese is riskier if held alone.
What are the variances and standard deviations of the stock?Using a spreadsheet, one can order the given returns and then find the variance using mathematical functions.
When this is done, the variances on Digital cheese and Executive fruit would be 56.8 and 34.8 respectively.
You can then take the square roots of these variances to find the standard deviations as 7.5 and 5.9 respectively.
Because Digital Fruit has a higher standard deviation, it is considered to be riskier in terms of returns.
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Which of the following activities are covered by OSHA's steel erection regulations?
A. Design, funding, and site planning
B. Hiring, planning, and construction
C. Construction, alteration, and repair
D. Compliance, regulation, and penalties
The activities are covered by OSHA's steel erection regulations include D. Compliance, regulation, and penalties.
What is OSHA?It should be noted that OSHA simply means occupational safety and health administration.
In this case, the activities are covered by OSHA's steel erection regulations include Compliance, regulation, and penalties.
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If the federal reserve banks mailed everyone in the United States a new $1000.00 bill, what would happen to prices, output, and income? Illustrate your answer by using the equation of exchange.
If the Fed mailed everyone a $1,000, the effect would be a rise in prices, output, and income.
What happens when money is injected into the economy?The Equation of exchange is:
Money supply x Velocity of money = Price level x Quantity of goods and services produced
If the Money supply increases like it will when $1,000 is sent by the Fed to people, the velocity will also rise as people purchase more goods and services.
The Price level and the Quantity produced on the right side of the equation would also have to rise to match the left side. So prices would rise, and so would output.
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what is local business
The maximum amount you must pay before your homeowners insurance
begins to pay is your_
OA. deductible
OB. copayment
OC. credit limit
OD. premium
the answer is A. deductible
Answer: A. deductible
Explanation: It can not be premium, as that is what you pay monthly for insurance. Credit limit is the maximum amount of money your allowed to spend monthly on a credit card. A copayment is what is spent out of pocket on a service that is typically covered by insurance. Deductible is what you must pay before receiving insurance coverage.
Which of the following consists of everything outside an organization's boundaries that might affect how the business operates?
A. Domestic business environment
B. Political-legal environment
C. External environment
D. Opportunities and enterprise
E. Corporate culture
The external factors that might affect how the business operates are:
A. Domestic business environmentB. Political-legal environmentC. External environmentWhat are the external factors that impact business operation?The external factors that impact business operations include:
SocialEconomicCompetitiveDemographicGlobal factorsTechnologicalPolitical and legal.The corporate culture of an organization is outside its boundaries.
Thus, the external factors that might affect how the business operates are Domestic, Political-legal, and External environments and not the corporate culture.
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Consider the following scenario analysis:
Rate of Return
Scenario Probability Stocks Bonds
Recession 0.30 −6 % 15 %
Normal economy 0.60 18 % 8 %
Boom 0.10 26 % 5 %
a. Is it reasonable to assume that Treasury bonds will provide higher returns in recessions than in booms?
multiple choice
No
Yes
b. Calculate the expected rate of return and standard deviation for each investment. (Do not round intermediate calculations. Enter your answers as a percent rounded to 1 decimal place.)
c. Which investment would you prefer?
Based on the scenario analysis on stocks and bonds, we know the following:
Treasury bonds will provide a higher return in a recession than in a boom. The expected return of Bonds is 9.8% and that of stocks is 11.6%. The standard deviation of Bonds is 9.24% and that of stock is 11.76%.What does the scenario analysis on Bonds and Stocks show?In a recession, Bond returns will be 15%. This is much higher than Bond returns in a boom of only 5%.
The expected return on bonds will be:
= ∑(Probability of Scenario x Returns in scenario)
= (0.30 x 15%) + (0.60 x 8%) + (0.10 x 5%)
= 9.8%
The expected return on stocks will be:
= (0.30 x -6%) + (0.60 x 18%) + (0.10 x 26%)
= 11.6%
Using a spreadsheet, you can input the expected returns of the stocks and the bonds to find the standard deviation to be 9.24% and 11.76%, respectively.
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Tom and Amanda Jackson
Answer:ikr
Explanation:
Answer:
Question: In 2021, Tom And Amanda Jackson (Married Filing Jointly) Have $200,000 Of Taxable Income Before Considering The Following Events: (Use The Dividends And Capital Gains Tax Rates And Tax Rate Schedules.) On May 12, 2021, They Sold A Painting (Art) For $110,000 That Was Inherited From Grandma On July 23, 2019. The Fair Market Value On The Date Of Grandma’s
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In 2021, Tom and Amanda Jackson (married filing jointly) have $200,000 of taxable income before considering the following events: (Use the dividends and capital gains tax rates and tax rate schedules.)
On May 12, 2021, they sold a painting (art) for $110,000 that was inherited from Grandma on July 23, 2019. The fair market value on the date of Grandma’s death was $90,000 and Grandma’s adjusted basis of the painting was $25,000.
They applied a long-term capital loss carryover from 2020 of $10,000.
They recognized a $12,000 loss on the 11/1/2021 sale of bonds (acquired on 5/12/2011).
They recognized a $4,000 gain on the 12/12/2021 sale of IBM stock (acquired on 2/5/2021).
They recognized a $17,000 gain on the 10/17/2021 sale of rental property (the only §1231 transaction), of which $8,000 is reportable as gain subject to the 25 percent maximum rate and the remaining $9,000 is subject to the 0/15/20 percent maximum rates (the property was acquired on 8/2/2015).
They recognized a $12,000 loss on the 12/20/2021 sale of bonds (acquired on 1/18/2021).
They recognized a $7,000 gain on the 6/27/2021 sale of BH stock (acquired on 7/30/2012).
They recognized an $11,000 loss on the 6/13/2021 sale of QuikCo stock (acquired on 3/20/2014).
They received $500 of qualified dividends on 7/15/2021.
1. You are offered Birr 1,000 today, Birr 10,000 in 12 years, or Birr 25,000 in 25 years. Assuming that you can earn 11 percent on your money, which offer should you choose?
Based on the options given of different cashflows, the offer you should accept is Birr 10,000 in 12 year.
Which offer should you accept?Find the present values of each offer:
Offer 1:
= Birr 1,000
Offer 2:
= 10,000 / 1.11¹²
= Birr 2,858.41
Offer 3:
= 25,000 / 1.11²⁵
= Birr 1,840.20
The offer with the highest present value is the second offer of Birr 10,000 in 12 years.
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Find the sales tax. Total selling price: $2,520. Florida sales tax rate: 6 percent. Gainesville sales tax rate: 1 percent. Find the state tax city and city tax.
The state tax city and city tax based on the information will be $151.20 and $25.20 respectively.
How to calculate the tax?The sales tax based on the information given will be:
= 6% × $2520
= 0.06 × $2520
= $151.20
The city tax will be:
= 1% × $2520
= $25.20
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Peace and prosperity will flourish if we can find the one best way to divide existing resources among nations.
True or False
Peace and prosperity may not flourish if we can find the one best way to divide existing resources among nations. Therefore, it is false.
What is prosperity?Prosperity is flourishing, thriving, good fortune, and successful social status.
In this case, peace and prosperity may not flourish if we can find the one best way to divide existing resources among nations. It is about the effective utilization of resources.
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Previously, an organization reported that teenagers spent 4.5 hours per week, on average, on the phone. The organization thinks that, currently, the mean is higher. Fifteen randomly chosen teenagers were asked how many hours per week they spend on the phone. The sample mean was 4.75 hours with a sample standard deviation of 2.0. Conduct a hypothesis test.
The statement is true about that the average time spend by the teenagers spent 4.5 hours per week as it is concluded from the hypothesis test.
What is hypothesis test?Hypothesis test is the test evaluation of the assumption test like in the survey parameters, hypothesis test is different in every case it depends upon the data and the reason of the analysis, it is tested by using the sample data.
Thus, the statement is true.
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Select the correct answer from each drop-down menu.
According to
,self-interest and competition act as
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gulding firms in a market-based economy.
Self-interest and competition, in accordance with Adam Smith, function as invisible hands that direct businesses in a market-based economy.
What is self-interest?
Self-interest is commonly defined as a focus on one's own needs or interests. Self-interested behaviors are typically carried out unknowingly most of the time. Numerous philosophical, psychological, and economic theories look at how self-interest influences how people behave.
Adam Smith authored one of the most well-known works on economics, which is still used today to explain how the American economy is structured. Smith writes in Wealth of Nations about the need for essentially zero government involvement in the economy. Instead, the best outcome for customers will come through business rivalry. Smith bases his assertion that businesses will act in their own best interests on this theory.Since the business owner depends on customers to succeed, acting in their best interest will inevitably lead to the best deals for the consumer.
Thus, the correct option is 3.
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What is the relationship of accountability to responsibility?
Answer:
While responsibility refers to someone's duty to carry out a task to completion, accountability generally refers to what happens after something has happened. Accountability is therefore concerned with the consequences of someone's actions, rather than their initial duty to carry these actions out.
Which of these describes what can happen with an adjustable rate mortgage
Whats is the purpose of strikerbreakers ?
Which document needs to be submitted, along with reconciled cash, from each department to the main cashier’s office?
A.
deposit form
B.
deposit slip
C.
cash receipt
D.
cash invoice
E.
withdrawal form
Assume that the traffic to the web site of Smiley’s People, Inc., which sells customized T-shirts, follows a normal distribution, with a mean of 4.54 million visitors per day and a standard deviation of 900,000 visitors per day.
(a) What is the probability that the web site has fewer than 5 million visitors in a single day? If needed, round your answer to four decimal digits.
The probability of the website of Smiley People Inc. having fewer than 5 million visitors will be 0.7054.
What is probability?The chances of occurrence in a given condition, where the number of observations and the conditions are predetermined, is known as the probability.
Hence, the significance of probability of Smiley Peoples Inc. is as computed above.
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An effective marketing mix for the services industry is the _____.
A. neither
B. seven P's
C. both
D. four P's
An effective marketing mix, which is suitable for the services industry, is the seven P's.
What is a marketing mix?A strategy of different mixes of external and internal factors used by a firm for the purpose of achieving its organizational goals, intended to increase the sales, is known as a marketing mix.
Hence, option B holds true regarding a marketing mix.
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The most common term for marginal utility is
Answer:
The concept of marginal utility is used by economists to determine how satisfaction levels influence customer decisions. The law of diminishing marginal utility has also been found by economists. It describes how the first unit of an item or service consumed has more utility than subsequent units.
Explanation:
Answer:
law of diminishing marginal utility.
Explanation:
Economists use the idea of marginal utility to gauge how satisfaction levels affect consumer decisions. Economists have also identified a concept known as the law of diminishing marginal utility. It describes how the first unit of consumption of a good or service carries more utility than later units.
Which statement about free on-line translation is true?
A: You are allowed to use free on-line transition software at your discretion
B: You are only allowed to use free on-line translation software if it is for a short, simple project
C: Bon Secours Mercy Health's policy is to never use free on-line translation software
The statement about free on-line translation that is true is that C. Bon Secours Mercy Health's policy is to never use free on-line translation software.
What is translation?It should be noted that translation simply means changing the form of a language to another form.
In this case, the statement about free on-line translation that is true is that Bon Secours Mercy Health's policy is to never use free on-line translation software.
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When creating a stacked chart to portray the breakdown of the income statement, the following item is not included
The Net income is the item that will not be included when creating a stacked chart to portray the breakdown of the income statement.
What is a stacked chart?This refers to a column chart where multiple series of the data representation are stacked over each other.
Because the Net income is an item that is derived at the conclusion of an income statement, its will not be included when creating a stacked chart to portray the breakdown of the income statement.
Missing options "Revenue COGS Salaries 15 Marketing Rent Pr Tax View Marked Questions Net Income"
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When the sale of traditional soft drinks declined, many manufacturers realized the demand for sugar-free and sports drinks went up. They responded by creating entirely new categories of healthier drinks to appeal to the marketplace. The soft drink industry then had to create ________ for this new product category.
Question 20 options:
A)
primary demand
B)
par value
C)
secondary demand
D)
utilitarian worth
E)
market value
The soft drink industry then had to create market value for this new product category. Read below about the concept of market value.
What is a Market Value?Market value is the amount for which something can be sold on a given market. Market value is also used as interchangeably with open market value, fair value or fair market , although these terms have distinct definitions in different standards, and differ in some circumstances.
Therefore, the correct answer is market value.
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Spectrum uses its sales reports broken down by geographic regions as part of its marketing research to determine which markets are most rapidly adopting fiber-optic internet connections. In this example, Spectrum is using
The fact that Spectrum breaks its sales reports down into geographic regions is an example of internal secondary data.
What is internal secondary data?When data is said to be secondary, it means that it is derived from data that was compiled for other reasons.
When this secondary data is compiled from reports that only a company has access to, this is internal secondary data. The sales reports of Spectrum were compiled to report sales and are available to Spectrum alone.
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Most applications will ask you to provide all of the following information except.
A. the date you can start work.
B. days and hours that you are available to work.
C. your desired salary or wage.
D. how long you want to work for the establishment.
What are the primary advantages to choosing a sole proprietorship?
The primary advantages to choosing a sole proprietorship is that there is no separate legal entity from the ownership.
What is sole proprietorship?Asole proprietorship serves as a type of business which is been owned and controlled by single entity, in this type of business, there is no partnership.
In this type of business, the ownership is the same with the legal identity.
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____ is an example of a high performance work practice
A. Increasing employee access to information
B. Selective decruitment
C. Skill-based compensation
D. Detailed job descriptions
Answer:
A
Explanation:
Increasing employee access to information
What is an exampl of a price floor
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Perhaps the best-known example of a price floor is the minimum wage, which is based on the normative view that someone working full time ought to be able to afford a basic standard of living