True or False. Since grant proposals need to be short, budget and personnel information should not be included.

Power Company issued a $ 1,000,000, 5 %, 10-year bond payable at at face value on January 1, 2016. Requirements

Anettt [7]

Answer and Explanation:

The journal entries are shown below:

1. Cash Dr $1,000,000

To Bond payable $1,000,000

(Being the issuance of the bond is recorded)

For recording this we debited the cash as it increased the assets and credited the bond payable as it also increased the liabilities

2. Interest Expense Dr ($1,000,000 × 5% × 1 ÷ 2) $25,000

To Cash $25,000

(Being the interest expense is recorded)

For recording this we debited the interest expense as it increased the expense and credited the cash as it decreased the asset

4 0

2 years ago

Match the terms to their definitions.

Irina-Kira [14]

The question requires matching the terms to their definitions.

Hiring is the process of employing (someone) for wages.

Recruitment is the process of finding new people to join an organization.

Job Description informs applicants about the responsibilities and required qualification.

Recruitment Plan is the process of integrating a new employee into an organization, maps out the strategy for attracting skilled employees and obtaining applications from a diverse workforce.

Offer is a proposal put forward by an employer to a prospective employee.

References serve the purpose of gathering information about a prospective employee from previous employers.

Types of Recruitment: internal (employees within the company) and external (people outside the company).

Compensation the money the employee will receive as a salary or wages.

Interview a face to face meeting between an employer and a job applicant.

Read more:

brainly.com/question/17850173

8 0

2 years ago

The fact that the price of diamonds is higher than the price of water:

STALIN [3.7K]

Answer: D

Explanation:

Behavioral economics studies the impact of cognitive, psychological, cultural, emotional and social factors on individuals economic decisions. Behavioral economics is concerned with the extent of rationality of individuals, firms and governments. The study includes how market choices are made and the components that propel public choices.

Behavioral economics is important because it gives us an idea about how the mind of humans work. The greater the supply of a particular good, the more we use the good, the less we appreciate it. There are oceans of water and we always get water easily but there are fewer diamonds embedded and hidden in rocks which are not cheap and readily available.

8 0

3 years ago

As the hotel industry matures, corporations are either acquiring or merging with each other. This is: A. Safety and security B.

rodikova [14]

Answer:

B. Consolidation

Explanation:

Consolidation (or amalgamation), in a bussines context, is when different companies combine to form a larger organization in order to improve their efficiency, long-term cost savings and a concentration of market share.

I hope you find this information useful and interesting! Good luck!

5 0

3 years ago

Concord Company had bonds outstanding with a maturity value of $311,000. On April 30, 2017, when these bonds had an unamortized

Dmitrij [34]

Answer:

Redemption of Old Bonds

4-30-17 Bonds Payable $311000 Dr

Loss on Bond Redemption $26550 Dr

Discount on Bonds Payable $11000 Cr

Cash $326550 Cr

Issuance of New Bonds

3-30-17 Cash $314110 Dr

Premium on Bonds Payable $3110 Cr

Bonds Payable $311000 Cr

Explanation:

Redemption of Bonds Payable

The maturity value for bonds payable is equal to the face value of these bonds. This means that the face value of old bonds was $311000.

The bonds were carrying a discount. Thus, the carrying value of bonds was

Carrying value = Face value - Discount

Carrying value = 311000 - 11000 = $300000

Bonds with a carrying value of $300000 were redeemed at 105% of the face value. The cash paid for redemption is,

Cash paid = 311000 * 105% = 326550

Thus, there was a loss on redemption of = 326550 - 300000 = $26550

Issuance of Bonds Payable

The bonds were issued at 101% of the face value which means they were issued at a premium.

The amount of premium on these bonds is,

Premium = Carrying value - Face value

Premium = 311000 * 101% - 311000

Premium = $3110

3 0

3 years ago