When debts are written off, they are removed as assets from the balance sheet because the company does not expect to recover payment. In contrast, some of the bad debt value remains as an asset.
An asset is a resource having economic worth that a person, organization, or nation owns or manages with the hope that it may balance sheet someday be useful.
A company's balance sheet lists its assets. They are divided into current, fixed, financial, and intangible categories. They are acquired or produced When debts are written off, they are removed as assets from the balance sheet because the company does not expect to recover payment. In contrast, some of the bad debt value remains as an asset to raise a company's worth or enhance its operations.
Whether it's a piece of manufacturing equipment or a patent, an asset can be looked of as anything that can, in the future, increase sales, lower costs, or generate cash flow.
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Does the demand curve you graphed support the law of demand? Cite and explain three reasons why the law of demand works.
The income effect, the substitution effect, and diminishing marginal utility are the three reasons or underlying presumptions of the law of demand. The first two explain how customers respond when a product's price changes. It is connected to real income by the income impact.
What is the law of demand?The law of demand holds that all other things being equal, the relationship between the price and quantity demanded of any good and service is inverse. A product's price increase causes a decrease in consumer demand for that same product.
Consumer decision-making in response to price fluctuations is explained by the law of demand.
When a good's price increases, there is less demand for that good in the market, presuming other factors that affect demand remain constant.
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How does technology trends affect a pharmacy business?
Answer: Artificial Intelligence or Machine Learning.
Explanation:
Artificial Intelligence or Machine Learning offers multiple benefits such as data processing, enabling pharmacists to make quicker data-backed decisions, and improving customer service. With the Internet of Things, drug inventory management will be more accurate and faster; through device-to-device communication.
When the government does not use quotas, taxes or other means to restrict what its citizens can buy from or sell to another country, it is called trade.
When the government does not use quotas, taxes or other means to restrict what its citizens can buy from or sell to another country, it is called free trade.
In the field of business, when there is not any kind of restriction imposed by the government on import or export, then such a kind of trade is referred to as free trade.
Free trade allows a country to make revenue for its people by opening more business opportunities. The government of the countries that agree to free trade between them has little or no subsidies. The governments do not impose any trade restrictions for countries with they have a free trade agreement. There are no quotas or taxes to be paid in such a kind of trade.
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Answer:
because they had nothing better to do
Explanation:
i took the quiz
assume that an auditor makes an agreement with a client that the audit fee will be contingent upon the number of days required to complete the engagement. is this a violation of the aicpa code of professional conduct? what is the essence of the rule of professional conduct dealing with contingent fees, and what are the reasons for the rule? question content area bottom part 1 a. no, any contingent fee is allowed through the code of professional conduct provided it is clearly written in the engagement letter. the contingent fees rule states that contingent fees are allowed for audit fee arrangements because this allows the audit firm and the client to have a greater working relationship. b. yes, an audit fee contingent upon the number of days required to complete an engagement is in violation of the contingent fees rule. it states that contingent fees are only allowed for nonattestion services that are performed for non-audit clients. this adheres to the independence between the audit firm and the client. c. yes, no contingent fees are allowed regardless if the fee is based upon the amount of time it takes to complete the audit, or if the fee is contingent upon an opinion. the contingent fees rule prohibits all form of contingent fees when dealing with the relationship between audit firms and clients to ensure the auditors remain independent upon the outcome of the financial statements. d. no, a fee based upon the amount of time it takes to complete an engagement is not a violation. the contingent fees rule prohibits an agreement whereby no fee will be charged for clients receiving assertion opinions unless a specific finding or result is attained, or where the fee is otherwise contingent upon the findings or results of such services. the purpose of the rule is to prevent sacrificing the quality of audits because of the pressure felt by the auditor in producing the required audit outcome.
The correct answer will be (d), audit fee will be contingent upon no. of days required to complete engagement and is not violation of AICPA code of professional conduct.
So, when an auditor enters into an agreement with client in that case A fee based upon the amount of time it takes to complete is not a violation of the contingent fees rule, which states that professional services for clients receiving assertion opinions shall not be offered or rendered under an agreement whereby no fee will be charged unless a specific finding or result is attained, or where the fee is otherwise contingent upon the findings or results of such services.
The purpose of the rule is to prevent sacrificing the quality of audits because of the pressure felt by the auditor in producing the required audit outcome. An example would be the fee being dependent upon the issuance of an unmodified opinion or the obtaining of a loan by a client.
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Auto manufacturers are currently offering flex-fuel vehicles that are designed to run on ethanol gasoline mixtures. An economist recently analyzed the cost versus value consideration of these vehicles and found that the market is currently buying approximately the socially efficient amount of flex fuel vehicles. Under lobbying pressure from the car manufacturers and environmental groups, the federal government is considering a $3,000 subsidy paid per flex fuel vehicle sold. If this subsidy goes through, what would be the most likely impact on market efficiency?.
Due to the federal government's per-flex fuel vehicle sales subsidy. If this subsidy goes through, Efficiency decreases would be the most likely impact on market efficiency.
Subsidies and government incentives are both forms of financial assistance or support given to an economic sector (company or individual) typically with the goal of advancing economic and social policies. The phrase "subsidy" can refer to any form of support, including implicit subsidies from NGOs or other sources that are not often associated with the government. There are several types of subsidy, including direct (cash gifts, interest-free loans), indirect, and mixed forms (tax breaks, insurance, low-interest loans). In addition, they might be broad or specific, legal or unlawful, and ethical or immoral.
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the information from enrique is distressing. building and maintaining a sophisticated commodity hedging team would be prohibitively expensive; but you can’t leave holden evan exposed to future commodity price spikes. you wonder if there is a good way to outsource commodity price hedging to an outside firm with strong capabilities in this area. you’re also concerned about the wisdom of having a separate procurement team for each sbu. it is clear that combining the buying power of all three sbus would produce savings. what action will you take to more effectively manage commodity costs?
The action that one may take to more effectively manage commodity costs is to consolidate your three SBU procurement teams into one.
Enter into agreements with suppliers of energy, raw grains, and chemicals, to utilize their hedging expertise to protect Holden Evan against price spikes and earn fees based on the savings they generate for your company.
What is commodity cost?Commodities are in the majority of goods that are finally get to the hands of consumers, including tires, tea, orange juice, and clothing. Commodity cost is the will to set the sales price for commodity-based end items employing the market replacement cost of the main ingredient. Commodity items such as iron ore, coffee beans, and sugar, are items for which there is a demand across commodity trading markets.
Therefore, the correct answer is as given above.
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ccpm recommends insertinginto the schedule to act as ""shock absorbers"" to protect the project completion date against task durations taking longer than the 50/50 estimate.
CCPM recommends inserting into the schedule to act as "shock absorber" to protect the project completion date against task durations taking longer than the 50/50 estimate.
Critical Chain Project Management is a link - based plan rooted in the Theory of Constraints which concentrates on locating and eliminating shortfalls in order to boost the overall flow of work. The CCPM takes into consideration task dependencies, a limited quantity of resources (people, tools, physical space), as well as buffers necessary to complete the project effectively.
CCPM aids the program manager in gearing up and managing the project's schedule by leveraging the Critical Chain tools. The Critical Chain Project Management method could be applied both to companies of all sizes, in addition to projects influencing businesses including such building projects, application development, and science and technology research and development.
The complete question is here:
CCPM recommends inserting---, --- into the schedule to act as "shock absorbers" to protect the project completion date against task durations taking longer than the 50/50 estimate
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The ppmt function calculates which part of the payment for an ammortization schedule?.
The ppmt function calculates the principal part of the payment for an amortization schedule.
The Excel PPMT function uses a constant interest rate and a set payment schedule to determine the principle component of a loan payment for a specified time. You can find out how much each payment will be using the PMT function, and you can use the PPMT function to find out how much of the principle is being paid off each pay period. (You may use an IPMT function to get the opposite of this — how much interest is paid in any given pay period.)
Under Excel Financial Functions, the PPMT Function[1] is listed. Based on regular, consistent payments and a fixed interest rate over a specified time period, the function will determine the principal payment due on a loan or investment.
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over the past several decades in the united states, the labor-force participation rate of women has increased and the labor-force participation rate of men had remained steady. a. true b. false
Over the past several decades in the united states, the labor-force participation rate of women has increased and the labor-force participation rate of men had remained steady. ---True
How has women's labor force participation changed over time?Women has increased labor force participation determining a significant change in the U.S. economy. As of 2014, nearly six in ten women aged 16 and older worked outside the home, in comparison with 33.9 percent in 1950 and 43.3 percent in 1970.
What is the labor force participation?The labor force participation rate is the percentage of the civilian non-institutional population 16 years and older than that is working or looking for work. It is a crucial labor market measure as it represents the relative amount of labor resources required for the production of goods and services.
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this approach often created by non-profits recruits a network of representatives who pitch their wares to customers by going door to door with the primary aim of improving society.
This approach often created by non-profits recruits a network of representatives and is known as micro franchising.
Micro franchising is an enterprise version that applies the rudiments and generalities of conventional franchising to small businesses in the developing internationally. It refers back to the systemization and replication of micro-organizations. Micro franchising is a business version that applies the rudiments and generalities of traditional franchising to small companies in the growing world. It refers back to the systemization and replication of micro-establishments.
A ballot ( or franchising) is a gadget of distributing services or products regarding a franchisor, who establishes the brand's trademark or exchange name and a commercial enterprise system, and a franchisee, who will pay a kingliness and often an original figure for the proper to do business underneath the franchisor's call and system.
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which of the following statements is a critique about servant leadership? a.no consensus exists on a common theoretical framework for servant leadership. b.servant leadership models are essentially lists of attributes with no attention to outcomes. c.servant leadership is used in nonprofit organizations, not in for-profit companies. d.research on servant leadership has stalled.
They must take into account both the present and the possibilities for the future.
Criticism:Absence of Power.The manager's authority and the business's overall management function are reduced by servant leadership.Employees are less likely to view their manager as an authoritative figure if they see their manager exceeding their needs.
How does servant leadership work?
A philosophy and set of practices known as "servant leadership" makes people's lives better, improves organizations, and ultimately makes the world a more just and caring place.The empowerment of all individuals is a hallmark of a culture of servant leadership.
How does the theory of servant leadership work?
A theoretical framework known as "servant-leadership" was first proposed by Robert K. Greenleaf in 1970. It holds that a leader's primary purpose and motivation should be to serve others.
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a large manufacturing company has recently encountered problems with employees under-producing, and thus not meeting quarterly targets. they have hired you as a consultant to increase employee motivation and productivity. drawing on the expectancy model of motivation, describe three pieces of information you must know about the incentive system at this company in order to understand what is undermining employee motivation. then, describe one way you could effectively improve each of these three key links in the model to boost motivation (i.e., provide three total improvements), and in turn performance.
Three pieces of information you must know about the incentive system at this company in order to understand what is undermining employee motivation which are Expectancy, Instrumentality, and Valence.
Expectancy: In accordance with expectancy, a person's performance will improve if he raises his effort.
Instrumentality: A successful performance will lead to a result that is valued and wanted by the audience.
Valence: The importance a person attributes to a result is referred to as value.
Expectancy is the sentiment or expectation that something positive, intriguing, or exciting is going to occur. The fans exuded a great sense of expectation. More Expectancy synonyms In the United States, women's life expectancy at birth decreased by 0.8 years, from 79.9 years in 2020 to 79.1 in 2021, while men's life expectancy decreased by a full year, from 74.2 years in 2020 to 73.2 in 2021. The ability of an atom or group of atoms to combine with another atom or group of atoms is represented by a whole number is called valence. How many electrons an atom can get, lose, or share determines the valence.
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assume that the japanese yen is trading at a spot price of 92.04 cents per 100 yen. further assume that the premium of an american call (put) option with a strike price of 93 is 2.10 (2.20) cents. calculate the intrinsic value and the time value of the call and put options
The premium of an american call (put) option with a strike price of 93 is 2.10 (2.20) cents the time value of the call = 2.10 cents and the time value for put = 1.24 cents
call option There will not be any gain if the Call option is exercised and bought at 93 cents. Because spot price is lower.Hence Intrinsic Value=0
put option With this option , one can buy at spot for 92.04 and SELL for 93Intrinsic Value =(93-92.04)=0.96 centsTime Value =2.20-0.96=1.24 cents
Options contracts are derivatives that grant investors the option, but not the duty, to purchase or sell an underlying security at a predetermined price at a future date. The option's strike price is this amount (or exercise price). The striking price for a put option is the price at which the security may be sold; for a call option, it is the price at which the option holder may purchase the asset.
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what is the bond quote for a $1,000 face value bond with an 8 percent coupon rate (paid semiannually) and a required return of 7.5 percent, if the bond is 6.48574, 8.47148, 10.519, and 14.87875 years from maturity?
Calculation of value of bond:
1. Maturity Value
2.6.48574 $1,014.16
3.8.47148 $1,017.86
4.10.51900 $1,021.41 5
5.14.87875 $1,028.12
Below shows the formula used in above calculations:
1. Maturity Value
2. 6.48574 =PV (7.5%/2,6.48574, -1000*8%/2, -1000)
3. 8.47148 =PV (7.5%/2,8.47148, -1000*8%/2, -1000)
4. 10.519 =PV (7.5%/10.519, -1000*8%/2, -1000)
5. 14.87875 =PV (7.5%/14.87875, -1000*8%/2, -1000)
The coupon price is calculated through including up the full quantity of annual bills made through a bond, then dividing that through the face fee (or “par fee”) of the bond.
If an investor purchases a $1,000 ABC Company coupon bond and the coupon price is 5%, the company offers the investor with a 5% hobby each year. This approach the investor gets $50, the face fee of the bond derived from multiplying $1,000 through 0.05, each year.
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after one year of operation, van and mickey learned that several musicians who left the academy were driving to a larger town to receive similar services. in order to learn about the potential customers who were going elsewhere for lessons, van and mickey looked online to determine how the competitors services differ from theirs. they learned that competitor was open longer hours on weekends and offered more blues and jazz options. the new information van and mickey gathered and its interpretation was the part of the marketing research process.
The new information Mickey collected and his interpretation was part of the marketing research analysis process.
What is marketing research?It corresponds to a process in which data and information are collected to be analyzed in order to identify a market for the segmentation process.
The analysis of data in a marketing research corresponds to an important step, which helps in understanding the scope of the research, and identifying the information that will be relevant for the development of an organizational strategy.
Therefore, the analysis of the marketing research will help the decision-making process more aligned with the business, needs, profile and expectations of the stakeholders, enabling the mitigation of negative risks and the development of opportunities for market positioning.
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which concept deals with giving employees the power to make commitments and use resources to accomplish the assigned tasks? multiple choice centralization delegation of authority specialization of tasks accountability downsizing
Giving employees the authority to commit and use resources to complete tasks is a key component of the delegation of authority idea.
The concept of delegation of authority moves power from a management to an employee. An employee's productivity and effectiveness are increased by this authority transfer. Employee underutilization results from failing to allocate authority and control to staff members. Managers in this situation give different team members varied assignments to complete the projects. Employees in a team are given the authority to complete the duties allocated thanks to this task assignment.
Accountability refers to the idea that a worker is responsible to his manager for his actions. The employee must explain their decisions to supervisors and provide task updates. The delegation of authority includes accountability in some ways. Managers need to be responsible for their own behavior and actions.
There is absolutely no connection between the issue and employees downsizing. By terminating the employment agreements with teams and individuals who are not producing, an organization's workforce is permanently delegation of authority reduced. This is frequently used when a employees corporation experiences economic setbacks and subsequently begins to experience business setbacks as well.
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If competitors cannot easily copy the benefit a company chooses to promote, that benefit is said to be _________.
If competitors cannot easily copy the benefit a company chooses to promote, that benefit is said to be D. preemptive.
Some marketers feel that the best strategy is to aggressively market just one benefit to the target market, or to concentrate on the product's or brand's USP (USP). By using a focused marketing (or specialized marketing) strategy, the company pursues a sizable share of one or more smaller segments or niches as opposed to a tiny portion of a larger market. By tailoring its products, prices, and programs to the requirements of properly defined categories, it can market more successfully.
Based on demographics, demands, goals, shared interests, and other psychographic or behavioral characteristics used to better understand the target audience, market segmentation divides a market into subsets. You may use this targeting in your product, sales, and marketing efforts by analyzing your market segments.
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If the market for soccer balls is saturated and the market for soccer nets is open, which combination makes the most sense for Sabrina’s Soccer?
If the market for soccer balls is saturated and the market for soccer nets is open, a combination which makes the most sense for Sabrina’s Soccer is: F.
What is a production possibilities curve?A production possibilities curve (PPC) is also referred to as the production possibilities diagram or the production possibilities frontier (PPF) and it can be defined as a type of chart that is typically used for illustrating the maximum and best combinations of two products that can be produced by a producer (manufacturer) in an economy, if they both depend on these two (2) factors;
Technology is fixed.Resources are fixed.Based on the production possibilities curve (see attachment), we can reasonably infer and logically deduce that the maximum and best combinations that would offer the most sense for Sabrina’s Soccer is option F with 0 for soccer balls and 5 for soccer nets.
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services can be classified as to whether they are delivered by people or equipment, whether they are for-profit or nonprofit, and whether or not they blank . multiple choice question. require storage of inventory are technology-based adhere to the product life cycle are government sponsored
Services can be labeled as to whether they may be brought by using humans or systems, whether or not they're for-profit or nonprofit, and whether or not they are clean added with the aid of people or systems.
A Nonprofit employer additionally referred to as a non-earnings enterprise, now a not-for-profit company, or institution, is a felony entity prepared and operated for a collective, public, or social gain.
A non-earnings enterprise is a collection prepared for functions other than generating income and in which no part of the enterprise's earnings is sent to its individuals, directors, or officials.
Instead of an entity that operates as an enterprise and seeks to income its proprietors. The non-distribution constraint applies to nonprofits any sales that exceed prices ought to be devoted to the organization's cause instead of taken by way of the non-public parties.
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a watch manufacturer added a watch to its product line that was higher priced than the models it already carried. the company used a two-way stretch strategy.
A watch company added a watch to its product line that was more expensive than the kinds it currently carried. The corporation employed a two-way stretch approach. This statement is false.
A product is any thing or service that you sell to meet a customer's need or desire. They can be physical or virtual. Durable commodities (such as vehicles, furniture, and computers) and nondurable items are examples of physical things (such as food and beverages).
The two-way stretch is what allows you to move fluidly, to push and pull in several directions in a single action. This is what leads to the sensation of being stretched, elongated, and worked all at the same time in Pilates
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.
Samantha had never traveled to new york city before, but she had been on a recent business trip to houston. when she learned that the hotel room she wanted in new york city cost $300 per night, she was shocked because she thought the hotel rooms would be priced similarly to those in houston. this is an example of the bias.
Samantha was shocked because she thought hotel rooms would priced similar to those in Houston This is an example of anchoring and adjustment bias.
Anchoring and adjustment is a cognitive heuristic where a person starts off with an original idea and adjusts their beliefs grounded on this starting point. Anchoring and adjustment have been shown to produce incorrect results when the original anchor deviates from the true value.
What's the meaning of anchoring bias?Anchoring bias is a cognitive bias that causes us to calculate too heavily on the first piece of information we're given about a content. When we're setting plans or making estimates about commodity, we interpret newer information from the reference point of our anchor, rather of seeing it objectively.
What's anchoring and adjustment bias illustration?For illustration, a habituated auto salesperson( or any salesperson) can offer a veritably high price to start accommodations that are arguably well above the fair value. Because the high price is an anchor, the final price will tend to be advanced than if the auto salesperson had offered a fair or low price to start.
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the view that human resource practices differ based upon an organization’s competitive business strategy: a. is the universalistic approach b. is consistent with the contingency approach c. is the differentiation approach d. is the only way human resource practices can be considered
The view that human resource practices differ based on an organization’s competitive business strategy b. is consistent with the contingency approach.
The contingency approach is such a kind of approach in business that focuses on the viewpoint that the management of a business is based upon the situation that arises. It is based on the business strategy that needs to be implemented at a particular time.
The contingency approach is also referred to as the Situational Approach. The human resource practices of a company will be dependent on the focused business strategy at a particular management time. Hence, human resource practices differ based on an organization’s competitive business strategy and are consistent with the contingency approach.
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the custodian of a company asset should none of the choices are correct. not maintain the records of the asset. all of the choices are correct. have access to the records of the asset.
The custodian of a company asset should not maintain the records of the asset.
The custodian of a company asset has the responsibility to take care of the asset. He has the duty to keep a check that the asset is handled properly, no damage is being made to the asset and all procedures in the asset are occurring correctly.
However, maintaining the accounting record for the asset is not the responsibility of the custodian. A custodian is usually not given any access to any accounting records for the asset. To maintain the accounting record, with the company owner is himself involved or he has an accounting team for it.
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if the shotz beer company management negotiated a new shipping contract with a trucking firm between its tampa brewery and its distributor in kentucky that reduces the shipping cost per barrel from $0.80 per barrel to $0.65 per barrel, how will this cost change affect the optimal solution?
Distributor in kentucky that reduces the shipping cost per barrel from $0.80 per barrel to $0.65 per barrel, here we change the shipment value A to 5 as $0.8 to $0.65.
A company whose sole purpose is to create inventories of goods from numerous manufacturers to be sold to multiple retailers. Distributors will benefit from shorter lead times and typically sell in lower volumes than manufacturers. There will typically be a price for the service when things are sold through a distributor rather than straight from the manufacturer. A distributor purchases non-competing goods or product lines, and the goods may also be sold directly to consumers.
Distributors frequently have a written contract with a manufacturer, which prohibits them from marketing competitive goods. Even while distributors are frequently referred to as dealers, there is a significant distinction between the two.
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special pricing, display fixtures, and value-added bonuses are all a part of increasing sales in retail stores. what sort of marketing technique is this?
Trade Promotion is a marketing technique with special pricing, display fixtures, and value-added bonuses that are all a part of increasing sales in retail stores.
Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Affiliates will sometimes provide marketing for a business. Trade promotion describes marketing initiatives carried out in-store by these two partners.
Trade promotion is a marketing strategy that uses special pricing, display fixtures, demonstrations, value-added bonuses, no-obligation freebies, and other incentives to boost product demand at retail businesses. Trade promotions are a tool that businesses can use to raise customer awareness of their brands and products.
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when government policies lead to outcomes that are worse than those that would occur in unregulated markets: liveweight loss occurs. government efficiency occurs. marginal costs occur. government failure occurs.
Government failure means when due to the policies of the government or any other sort of intervention by it, an inefficiency is caused in the market which otherwise wouldn't have happened. It only happens because of the government.
This concept talks about the fact that even if the market does not operate in the best way, government intervention will make the situation worse. Marginal price is the delivered price to supply an extra good. For example, say that to make one hundred vehicle tires, it charges $one hundred. To make one extra tire might price $80. This is then the marginal price: how lots it charges to create one extra unit of an awesome or service.
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do you think planning becomes more important or less important in a world where everything is changing fast and crises are a regular part of organizational life? why?
Yes, planning has become more important in a world where everything is changing fast and crises are a regular part of organizational life because planning can help people to overcome a crisis.
Planning can be described as strategies that one keeps in mind for the future. In today's world, changes tend to occur suddenly and one never knows when a crisis can hit on them.
Effective planning of the future can save a person from destruction in the future. Planning such as saving money, investments, etc will always be beneficial in a crisis.
Planning will help a person to set a target for the future and form strategies for the execution of these plans. By proper formulation and execution of a plan, one can always deal with the crises of organizational life.
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Now it's your turn. What do these examples inspire you to think about in terms of your own purpose?
How can you use your digital footprint to make a positive impact on the world? To begin answering
these very big questions, choose two of the brainstorming questions (one from each group) and write a
short response for each. When you're done, be prepared to share your ideas with a partner.
Brainstorming Questions
Response 1 Questions (Choose one)
1. What problems, either in your school or community, or in the world, are you concerned about?
Which ones do you most want to be solved?
2. What person, group, or event inspires you the most? Why? How could they or it be a model for your
own life?
3. What activities or experiences in your life have been the most enjoyable? Why do you think that is?
Response #1
I chose question #
Your online identity, uniqueness, and digital footprint are what define you as a person. Depending on what you do online, it develops your online reputation or impression.
Who, what, or what event most inspires you? Why? How could it or they serve as a role model for your life?Judith K. Rowling - No one can deny this British native's success, regardless of whether you're a Harry Potter fan or not. The estimated $15 billion valuation of the Harry Potter empire (yes, you read that correctly).
Many people are unaware of Rowling's difficult past, which occurred immediately before the publication of her books.
She wed, endured abuse, gave birth to a daughter, and then filed for divorce from her husband. She had to enroll herself on welfare in order to survive after losing her mother to MS.
Furthermore, every major British publishing business turned down the first Harry Potter novel. One ultimately said yes, and the business was off and running.
J.K. Rowling is an inspirational author because she uplifts kids, establishes strong female role models, and lends her creativity and generosity to charities and rising teenagers.
"Dwelling on dreams while ignoring the present is not healthy." J. K. Rowling
Even if everything is bad, there is still hope for improvement. There are obstacles at every turn, so keep going.
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assume that a parent company owns 100 percent of its subsidiary. each of the following independent scenarios describes an intercompany bond transaction between the parent and the subsidiary. for each independent case, determine the amount of gain or loss on constructive retirement of the bond reported in the consolidated income statement for the year ended december 31, 2019. assume straight-line amortization. a. on june 30, 2019, p issues directly to s bonds that have a par value of $240,000. s paid $249,600 for the bonds. the term of the bonds is 10 years and they have an 8 percent stated interest rate. interest is paid annually on december 31. b. on january 1, 2015, p issues to an unaffiliated company bonds that have a par value of $240,000. the unaffiliated company paid par value for the bonds. on december 31, 2019, s paid $168,000 for 70 percent of the outstanding bonds. the bond term is 10 years and they have an 8 percent stated interest rate. interest is paid annually on december 31. c. on january 1, 2015, p issues to an unaffiliated company bonds that have a par value of $240,000. the unaffiliated company paid 103 percent of par value for the bonds. five years later, s paid $228,000 for all of the outstanding bonds. the bond term is 10 years and they have an 8 percent stated interest rate. interest is paid annually on december 31. d. on january 1, 2015, s issues to an unaffiliated company bonds that have a par value of $240,000. the unaffiliated company paid 96 percent of par value for the bonds. five years later, p paid $173,040 for 70 percent of the outstanding bonds. the bond term is 10 years and they have an 8 percent stated interest rate. interest is paid annually on december 31. note: if there is no gain or loss, enter zero for the amount and select n/a for gain or loss answer.
CONSOLIDATED GAIN OR LOSS ON CONSTRUCTIVE RETIREMENT OF BONDS: a. No gain or loss, b. No gain or loss, c. Gain, d. Loss
a. There will be no gain or loss because bond is redeemed on maturity date. b. No gain or loss. Since the bond is issued at par value that is $ 100,000. c. Gain of $ 8000 d. Loss of $ 2000.
Constructive retirement implies that bonds are retired for consolidated statement purposes since the parent and subsidiary's bond investment and payable items are reciprocals that must be eliminated in consolidation. A constructive retirement of parent bonds happens when an affiliate purchases the parent's outstanding bonds. To calculate the gain on constructive retirement of bonds, deduct the total amount paid to retire the bonds from their net carrying value. A positive result indicates a profit, whereas a negative result indicates a loss.
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HELP!! ACCOUNTING
What is the correct order of the steps for
adjusting entries?
O A. Journalize adjusting entries. Post
adjusting entries. Gather relevant
information.
O B. Journalize adjusting entries. Gather
relevant information. Post adjusting
entries.
O C. Gather relevant information.
Journalize adjusting entries. Post
adjusting entries.
O D. Gather relevant information. Post adjusting entries. Journalize adjusting entries.
C. Gather relevant information Journalize adjusting entries. Post
adjusting entries is the correct order of the steps for adjusting entries.
What are adjusting entries?
Adjusting entries are modifications to previously written entries in your diary. They specifically check that the data you have recorded corresponds to the appropriate accounting periods.
Journal entries keep track of how money flows into, out of, and between various accounts in your business.
Making an adjustment entry ensures that the operations of your company are accurately and timely recorded. Your records will show you paying for expenses before they are actually incurred or collecting unearned earnings before you can use the money if you don't make adjustment entries.
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