on april 30, 2019, one year before maturity, bounty inc. retired $900,000 of 8% bonds payable at 103% of par. the book value of the bonds on april 30 was $867,600. what is the gain or loss on the retirement of the bonds?
Answers
The gain on the retirement of the bonds is calculated as $59,400. Bond retirement may happen when bonds reach the scheduled maturity dates, in which case the issuer is obligated to retire them.
What is the meaning of retirement of bonds?A bond retirement is when an organization repurchases bonds that it had previously issued to investors. Sometimes, companies pay off the bond early due to the market conditions, investment opportunities or interest rates. Interest rates are the common reason why bonds are called in or retired early.
Gain on the retirement of the bonds is;
=(103% x $900,000) - $867,600
= $59,400.
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Related Questions
A customer has contacted you and expressed anger about the service provided by your company. During the call, you discover that another technician responded to the customer's original issue. In spite of the customer's tone, you remain calm. What should you do next?
Answers
Answer:
listen to the entire complaint
Explanation:
In the scenario being described, you should listen to the entire complaint. This will make the customer feel as though you are paying attention and listening/understanding her frustration and by doing so you might also acquire new information regarding the issue that was not previously shared to the other technician. Once the client has finished venting her anger and explaining the situation, only then should you begin to offer a solution.
At the close of a business presentation,
A. The audience tends to reach it's lowest point.
B. You should clearly indicate that you're about to finish.
C. You should avoid making it obvious that you're about to finish.
D. Audiences resent being reminded of the presentations main ideas
Answers
Answer:
B. You should clearly indicate that you're about to finish.
Explanation:
Business presentation is the method whereby a person with a business idea present to a group of people his plans and ideas he or she has in a given business setup. Most times, the aim was to solicit for fund to bring the business into fruitfulness or the fund for expansion etc.
At the close of an giving business presentation, the presenter should indicate that he or she is about to finish by stating the main point of the presentation in summary.
which organization requires that any independence breach be unintentional before a decision of fimr independence is made?
Answers
Any breach of independence must be inadvertent, according to PCAOB organization, before a decision to maintain independence is taken.
An entity—such as a firm, institution, or association—comprising one or more people and having a specific purpose is referred to as an organization or organization (Commonwealth English; see spelling variations).
The term is derived from the Greek word organon, which can refer to an instrument, a tool, or an organ.
There are many different legal types of organizations, such as businesses, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, for-profit corporations, partnerships, cooperatives, and educational institutions, among others.
A hybrid organization is one that performs public functions while also pursuing commercial market operations. It operates in both the public and private sectors concurrently.
An organization made up of volunteers is a voluntary association. Depending on the jurisdiction, these groups can be permitted to function without complying with legal requirements.
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If my revenue is one million and my expenses are 1,386,000, what's my profit in percentage
Answers
The profit in percentage given the revenue and the expenses is -38.60%
What is the profit in percentage?Percentage is the fraction of a number expressed as a value out of 100. The sign that is used to represent percentage is %. In order to convert a number to percentage, multiply by 100.
Profit is the difference between revenue and expenses. Revenue is the total income earned by a company before any deductions are made. Expenses include all the cost incurred in running a business.
Profit = revenue - expenses
1,000,000 - 1,386,000 = -386,000
Profit in percentage = (profit / revenue) x 100
(-386,000 / 1,000,000) x 100 = -38.6%
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What is dependability?
Dependability is doing everything that is assigned to me.
Dependability is trying to be useful.
Dependability is working through difficulty.
Dependability is fulfilling commitments even in the face of difficulty.
Answers
Pete, a broker, advised Ollie to invest in Rocky Road Inc. When the share price of Rocky’s stock decreases, Ollie accuses Peter of fraud, claiming reliance on Pete’s advice. The reliance that gives rise to liability for fraud requires ____.
Answers
Answer:
Misrepresentation of a fact knowing it is false.
Explanation:
Fraud is defined as an intentional act of deception by an individual to unlawfully gain the property of another person.
For fraud to be committed facts must be misrepresented intentionally with the aim of deception.
In the given scenario Pete advised Ollie to invest in Rocky Road Inc. and the share price of Rocky’s stock decreases, Ollie accuses Peter of fraud.
If Ollie can show that Pete knew the price of the shares would fall, he can now accuse him of fraud.
if the current rate of interest is 5% then the future value that pays 1000 per year and lasts 18 years is closest to
Answers
If the current rate of interest is 5% then the future value that pays 1000 per year and lasts 18 years is closest to $16879.
What do you mean by the current rate of interest?An interest rate indicates how expensive borrowing is or how lucrative saving is. Therefore, if you are a borrower, the interest rate is the sum you pay for borrowing money and is expressed as a percentage of the overall loan amount. The US Real Interest Rate is at -0.87%, down from 2.31% last year. This is less than the historical average of 3.70 percent.
What is the current rate of interest rise?The Federal Reserve increased its target range for the federal funds rate by 75 basis points to 3.75%-4% during its meeting in November 2022. This was the sixth straight rate hike and the fourth in a row to be three-quarters of a point higher, driving borrowing costs to their highest level since 2008.
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Required information Assume that 25 years ago your dad invested $360,000, plus $31,000 in years 2 through 5, and $46,000 per year from year 6 on. At a very good interest rate of 14% per year, determine the CC value. The CC value is determined to be $
Answers
The CC value is determined to be $1,280,612.
To determine the CC value, we need to calculate the future value of the investments made by your dad. We can break it down into different periods:
For the initial investment of $360,000 made 25 years ago, we calculate its future value using compound interest: FV1 = 360,000 * (1 + 0.14)^25.
For the investments of $31,000 made in years 2 through 5, we calculate their future value: FV2 = 31,000 * (1 + 0.14)^4 + 31,000 * (1 + 0.14)^3 + 31,000 * (1 + 0.14)^2 + 31,000 * (1 + 0.14)^1.
For the investments of $46,000 made from year 6 onwards, we calculate their future value: FV3 = 46,000 * [(1 + 0.14)^20 - 1] / 0.14.
The CC value is the sum of these future values: CC value = FV1 + FV2 + FV3.
Calculating the values, we find the CC value to be $1,280,612.
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Which are functions of money? Select the three correct answers.
A store of value
B. producer of resources
C. unit of account
D. medium of exchange
DE record of finances
F. unit of output
Answers
Answer:
A store of value
C. unit of account
D. medium of exchange
Explanation:
Money has four main functions. They are
The medium of exchange: It the most widely used and accepted instrument for the exchange of goods and servicesUnit of account: Money provides a standard measure of the value of goods and services being exchanged. Store of value: Money is known to keep its value for some period. this enables other commodities, both perishable and non-perishables, to be assigned monetary values Standard of future payments: This function allows for trade to be done on credit terms.A decline in expected returns will ______ investment and shift the aggregate demand curve to the ______.
Answers
Answer:
Decrease, left
Explanation:
A decline in expected returns will decrease investment and shift the aggregate demand curve to the left.
What is an investment?An investment can be defined as the amount that an individual or a person invests in something. This is usually done to make or increase their income. This can also be done for future planning purposes. There are various ways through which a person can invest their money.
It is not necessary that after an investment a person will get a return but he or she can also get a loss. As there a decline is accepted this means that the returns of the amount that was about to come on the investment have subsequently decreased fully show and the demand curve will also be shifted towards its left from the right. People will not want to invest at this point in time.
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A paycheck is issued for $329.40. the paystub reflects an amount earned of $400.00, medicare tax of $5.80, social security tax of $24.80, and a federal tax of $40.00. what is the net income for the paycheck? $400.00 $329.40 $40.00 $24.80
Answers
After deducting all expenses from the total income, the net income is $329.40
A pay stub is a paper (or a digital record) delivered to an employee with each paycheck that shows the amount of money earned (gross or total income) and the amount deducted for insurance, taxes, and so on.
Net income is the amount earned by an individual or business after deducting costs, taxes and allowances.
Net income = Gross income - Total expenses
In the given problem, $400.00 is the gross income.
The expenses are:
Medicare tax: $5.80Security tax: $24.80Federal tax: $40.00The total expenses = $5.80 + $24.80 + $40.00 = $70.60
Hence,
Net income = $400.00 - $70.60 = $329.40
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Answer: $329.40
hope it helps
Because property is not always transferred at times when taxes, insurance, and rent are due, amounts pre-paid, in large blocks, by the seller should be divided between the seller and the buyer in the escrow. The common real estate industry term for these divisions or apportionments (as contained the new (2021) CAR Residential Purchase Agreement (RPA) form) is
Answers
The common real estate industry term for the divisions or apportionments of taxes, insurance, and rent between the seller and the buyer in the escrow, as contained in the new (2021) CAR Residential Purchase Agreement (RPA) form, is "prorations."
Prorations ensure that both parties are fairly responsible for the expenses incurred during their respective periods of ownership. The goal is to divide the financial responsibilities for ongoing expenses based on the respective periods of ownership. For example, property taxes are typically paid on an annual basis. When a property is sold during the tax year, prorations are used to distribute the tax burden proportionally between the seller and the buyer, depending on the number of days each party will own the property during that tax year.
By prorating expenses, both the seller and the buyer contribute their share of the costs incurred during their ownership period, ensuring a fair distribution of financial obligations. This helps prevent situations where one party bears an unfair burden of expenses that occurred before or after their ownership.
Overall, prorations serve as a mechanism to allocate expenses accurately, promote fairness, and provide financial clarity during the transfer of real estate ownership.
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Jake receives a portion of his income from his holdings of interest-bearing U.S. government bonds. The bonds offer a real interest rate of 4.5% per year. The nominal interest rate on the bonds adjusts automatically to account for the inflation rate.
Given the real interest rate of 4.5% per year, find the nominal interest rate on Sean's bonds, the after-tax nominal interest rate, and the after-tax real interest rate under each inflation scenario.
Inflation Rate Real Interest Rate Nominal Interest Rate After-Tax After-Tax
Nominal Interest Rate Real Interest Rate
(Percent) (Percent) (Percent) (Percent) (Percent)
2.0 4.5
8.5 4.5
Compared with lower inflation rates, a higher inflation rate will the after-tax real interest rate when the government taxes nominal interest income. This tends to saving, thereby the quantity of investment in the economy and the economy's long-run growth rate.
Answers
Answer:
First we find the nominal interest rate under the two scenarios. The formula is:
Nominal Interest Rate = Inflation Rate + Real Interest Rate
Nominal Interest Rate first scenario = 2.0 + 4.5
= 6.5
Nominal interest rate second scenario = 8.5 + 4.5
= 13
Now we find the after-tax nominal interest rate. The formula is:
After tax nominal interest rate = nominal interest rate x (1 - tax rate)
We will assume that the tax rate is 10%.
After tax nominal interest rate first scenario = 6.5 x (1 - 0.1)
= 5.85
After tax nominal interest rate second scenario = 13 x (1 - 0.1)
= 11.7
Finally, we find the after-tax real interst rate. The formula is:
The formula is the same as above, the only difference is that the real interest rates are used instead.
After tax real interest rate first scenario = 4.5 x (1 - 0.1)
= 4.05
After tax real interest rate second scenario = 4.5 x (1 - 0.1)
= 4.05
The website leftyslefthand. Com markets products to left-handed consumers only. Which targeting strategy does this represent?.
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The website leftyslefthand. Com markets products to left-handed consumers only Concentrated marketing targeting strategy does this represent.
An individual or group that does not directly engage in entrepreneurial or business operations but who intends to order or uses purchased items, products, or services primarily for personal, social, family, or household needs is referred to as a consumers. A consumers purchases goods or services primarily for personal use in an economy rather than for resale or other business objectives. Customers make a financial (or comparable) payment for goods or services. Marketing is the process of identifying, producing, and providing value to satisfy a target market's wants for goods and services. Marketing is normally carried out by the seller, who is usually a retailer or manufacturer. A specialized marketing company or advertising agency may be hired on occasion to complete responsibilities.
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Which statement best explains the decrease in manufacturing jobs over the next few years?
1)There is not enough demand for manufactured goods.
2) These jobs are often outsourced to overseas factories.
3)There are not enough skilled workers to fill the positions.
4)The cost of technical training and on-the-job training is high.
Answers
Answer:
2) These jobs are often outsourced to overseas factories.
Explanation:
The correct option is B. These jobs are often outsourced to overseas factories which best explains the decrease in manufacturing jobs over the next few years.
What is the effect of outsourcing jobs?Outsourcing jobs enables American businesses to compete more effectively on a global scale. With abroad branches, they are able to sell to foreign markets. By employing in developing nations with lesser standards of living, they maintain low labor prices. As a result, the prices of the commodities they ship back to the US are reduced.
Production outsourcing has significant effects on labor and material costs, with a tendency to drive up material costs and drive down labor costs. This study also demonstrates that process techniques do not moderate the impact of high levels of supplier integration on total COGS.
The best choice is B. The loss in manufacturing jobs over the next years can be best explained by the fact that these positions are frequently outsourced to manufacturers in other countries.
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ACTIVITY 2.
Identify and explain briefly the question below
1 What are the 4P's in marketing plan?Explain each
А__________
B__________
С__________
D__________
Answers
Answer:
A. Product
B. Price.
C. Place.
D. Promotion.
Explanation:
Marketing plan can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.
Generally, a marketing plan is made up of the four (4) Ps and these includes;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
what are two key characteristics of the growth stage of the product life cycle?
Answers
The two key characteristics of the growth stage of the product life cycle are "sales volume improves considerably, and profit begins to increase."
The growth stage of a product is when the product is "getting accepted among consumers widely, and the customer line is getting created.
During this period, the sales of the product increased, but there is still room for maturity.
At the same time, the product begins to yield profits for the owners due to a reduction in the cost of production and more sales.
Hence, in this case, it is concluded that the growth stage in a product life cycle is one of the stages entrepreneurs need to watch out for.
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How does competition affect international trade?
Answers
Greater worldwide market share would be guaranteed by the countries' increased competitiveness, improving their trade balance. As a result, customers would have access to a wide range of commodities at inexpensive prices because of competition in global commerce.
A corporation obtains access to new clients when it becomes more competitive in the global market. This is due to the fact that the business can now provide its goods and services at a cheaper cost than those of its rivals. This enables the business to reach new markets and increase its clientele.
Through commerce, nations may obtain commodities and services that might not otherwise be accessible domestically and grow their markets. Market competition has increased as a result of global commerce. This ultimately leads to more competitive pricing, which lowers the cost of the final product for the customer.
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Complete the following sentence.
It is very common for job seekers in high-tech/ ____
technology fields to acquire certifications to assure agencies of their
qualifications
Answers
It is very common for job seekers in high-tech/ Information
technology fields to acquire certifications to assure agencies of their
qualifications.
What is information technology?
Information Technology is the use of hardware and software services, and related infrastructure to manage and deliver information using voice, data, and video.
The use of information technology in today's personal, business uses is essential. It can be defined as the use of computers and other electronic devices for data reception, storage, retrieval, transmission, and manipulation.
Certifications demonstrate that you are dedicated to your profession, possess unique abilities, and are eager to keep studying in order to be at the top of your game. certifications can help you gain the skills and credentials you need to get a job.
Thus, Information technology is an appropriate response.
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Suppose the governments of two different economies, economy A and economy B, implement a permanent tax cut of the same size. Investment spending in economy A is more sensitive to changes in the interest rate than investment spending in economy B. The economies are identical in all other respects. The tax cut will have a smaller impact on aggregate demand in the economy with the
Answers
Available Options Are:
a) higher sensitivity to changes in the interest rate, or
b) lower sensitivity to changes in the interest rate
Answer:
Option A. Higher sensitivity to changes in the interest rate
Explanation:
The reason is that the tax cut will encourage foreign investment and this increase in Foreign Investment will increase the GDP but by small amount. However, the higher interest rate in an economy always raises additional money in an economy which companies invest to purchase the new GDP. Thus the GDP growth is highly sensitive to changes in interest rate.
If you use your ATM card, you should write the transaction in your check register.
True or false
Answers
Answer:
true
Explanation:
What is an area of study that relates to your major.
Answers
Answer:
My best guess is a degree or a degree program.
Explanation:
[LO3] At The End Of June, Rena Falcone Decided To Open Her Own Bookkeeping Service Called By The Numbers. Analyze The Following Transactions She Completed By Recording Their Effects In The Expanded Accounting Equation. Keep A Running Balance. A. Invested $40,000 In Her Bookkeeping Service. B. Bought New Computer Equipment On Account,
1A-3. (20 minutes) [LO3] At the end of June, Rena Falcone decided to open her own bookkeeping service called By the Numbers. Analyze the following transactions she completed by recording their effects in the expanded accounting equation. Keep a running balance.
A. Invested $40,000 in her bookkeeping service.
B. Bought new computer equipment on account, $6,500.
C. Received cash for bookkeeping services rendered, $1,300.
D. Performed bookkeeping services on account, $2,200.
E. Paid assistant’s salary, $325.
F. Paid office supplies expense for the month, $220.
G. Rent expenses for office due but unpaid, $800.
H. Withdrew cash for personal use, $300.
Answers
Answer:
Transaction A
We will record this transaction by using the Accounting Equation.
Assets = Liabilities + Owner’s Equity
Cash (Asset) increases by $40,000, and Owner's Equity increases by $40,000.
Transaction B
Assets = Liabilities + Owner’s Equity
Computer Equipment (Asset) increases by $6,500, and Accounts Payable (Liability) increases by $6,500.
Transaction C
Assets = Liabilities + Owner’s Equity
Received cash for bookkeeping services rendered, $1,300, which increases the asset cash.
Cash (Asset) increases by $1,300.
Transaction D
Assets = Liabilities + Owner’s Equity
Performed bookkeeping services on account, $2,200, which increases the asset account receivable.
Accounts Receivable (Asset) increases by $2,200.
Transaction E
Assets = Liabilities + Owner’s Equity
Paid assistant’s salary, $325, which decreases the asset cash.
Cash (Asset) decreases by $325.
Transaction F
Assets = Liabilities + Owner’s Equity
Paid office supplies expense for the month, $220, which decreases the asset cash.
Cash (Asset) decreases by $220.
Transaction G
We will record this transaction by using the Accounting Equation.
Assets = Liabilities + Owner’s Equity
Accounts Payable (Liability) increases by $800.
Transaction H
We will record this transaction by using the Accounting Equation.
Assets = Liabilities + Owner’s Equity
Cash (Asset) decreases by $300, and Owner's Equity decreases by $300.
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match the type of retail store location with its correct description. central business district central business district drop zone empty. regional shopping center regional shopping center drop zone empty. community shopping center community shopping center drop zone empty. strip mall strip mall drop zone empty. power center power center drop zone empty. clusters of stores located in neighborhoods to serve people who are within a 5- to 10-minute drive serve customers who are within a 10- to-20-minute drive; contain one primary store and 20 to 40 smaller outlets huge shopping strip with multiple anchor stores and a supermarket the oldest type of retail setting; a community's downtown area large shopping areas of 50 to 150 stores that contain two or three anchor stores
Answers
A power center consists of a huge shopping strip with multiple anchor stores and a supermarket.
The terms "power center" and "big-box center" refer to shopping centers with an average gross leasable area of 250,000 to 600,000 square feet (23,000 to 56,000 m2), three or more big box anchor tenants, and a variety of smaller retailers. The anchor tenants typically occupy 75–90% of the center’s space.
As the first power center in history, 280 Metro Centre in Colman, California is credited.
Merritt Sher, a local real estate developer, opened the 280 Metro Centre in 1986 as an outdoor strip mall with big-box retailers and category killers as its main tenants.
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On August 1, ABC Company sold its investment in Teal Company for $12,400. On the previous balance sheet, the investment had a fair value of $11,400. The journal entry to record the sale will include a
Answers
Answer:
The journal entry to record the sale will include a,
Cash $12,400 (debit)
Profit and Loss $1,000 (credit)
Investment in Teal Company $11,400 (credit)
Explanation:
The Investment is carried in the the Financial statement at its Fair Value of $11,400, and this needs to be eliminated following the sale.
Recognize the cash proceeds following the sale of investment of $12,400.
Lastly any amount paid in excess of the Fair Value of the Investment must be recognized as profit or as loss (if fair value exceeds the cash proceeds)
Bonds and Loans: What household item can also refer to the investing strategy of buying a diversified portfolio of bonds (or certificates of deposit/CDs) with varying maturities so that the risk of reinvestment of maturities at inopportune times is minimized?
Answers
Reinvestment risk is the chance that an investor won't be able to reinvest cash flows from an investment, like interest or coupon payments, at a pace that is comparable to their present rate of return. The reinvestment rate is the name given to this new rate.
Reinvestment risk is the likelihood that an investor won't be able to reinvest cash flows at a rate that matches their present return, such as coupon payments. Due to the absence of coupon payments, zero-coupon bonds are the only fixed-income instrument without investment risk. Consider a "buy and hold" strategy if keeping your money intact while generating interest is your objective.
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what is meant by the phrase 'external costs of production'
Answers
External costs of production, also known as externalities, refer to the indirect costs that are incurred as a result of producing goods and services but are not reflected in the market price.
These costs are imposed on individuals or society as a whole and are not accounted for by the producers or consumers of the goods and services. Externalities can be negative or positive and can arise from a variety of sources, such as pollution, congestion, noise, or benefits to others. Externalities are often considered to be market failures because they can result in inefficient outcomes and distortions in resource allocation.
Therefore, external costs of production, also known as externalities, refer to the indirect costs that are incurred as a result of producing goods and services but are not reflected in the market price.
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What does good customer service include?
Answers
Answer:
Before entering an interview for a customer service job, get a handle on what good customer service means to you. Good customer service typically means providing timely, attentive, upbeat service to a customer, and making sure their needs are met in a manner that reflects positively on the company or business. Explanation: it is
Answer:
Great customer service means following best practices like valuing customers' time, having a pleasant attitude, and providing knowledgeable and resourceful resources, but that you also take things a step further to exceed — rather than just meet — expectations.
Explanation:my mom works for customerservice
for each of the following,state the factors you would consider before selecting the channel of communication to be used :
A} an urgent request for a catalogue
B} asking 1200 parents to attend a parent- teacher association meeting
C} sending 100 books to an overseas destination
D}sending a fox message to remote location
Answers
Answer:
B it makes the most sense
Explanation:
can anyone please help me please
Answers
Answer:
1. extracurricular
2. cocurricular
3. curricular
4. curricular
5. cocurricular
Explanation:
1. Daniel doing community service by cleaning up outdoor trails is an extracurricular activity because it doesn’t have nothing to do with his academics/school.
2. Debra participating in a hospital program for nursing students is cocurricular because she is practicing techniques she learned in her nursing class.
3. Rhett taking a foreign language class at his middle school is curricular because this is a class Rhett takes at school.
4. You are correct. Ernestina taking a photography class in school is curricular because this class takes place at her high school.
5. Brant joining a student organization for future teachers is cocurricular because he is studying to be a teacher.