What is the difference between the conditions of secured and unsecured loans?

Two types of deposit accounts are

andre [41]

Answer:

checking and saving

Explanation:

when you opening a new bank account. the bank will ask you want to open a checking and saving account or both

4 0

3 years ago

a new hockey arena at a cost of $2,500,000. It received a downpayment of $500,000 from local businesses to support the project a

mylen [45]

Answer:

a. Prepare the journal entry to record the issuance of the bonds on January 1, 2018

we must first determine the market price of the bonds:

PV of face value = $2,000,000 / (1 + 5%)²⁰ = $753,778.97 ≈ $753,779

PV of coupon payments = $110,000 x 12.462 (PV annuity factor, 5%, 20 periods) = $1,370,820

market value of the bonds = $753,779 + $1,370,820 = $2,124,599

January 1, 2018, bonds are issued at a premium

Dr Cash 2,124,599

Cr Bonds payable 2,000,000

Cr Premium on bonds payable 124,599

b. Prepare a bond amortization schedule up to and including January 1, 2022

since we are not told which amortization method to use, I will use the straight line method.

Date Interest Cash Premium Carrying

expense paid amortization value

7/2018 $103,770 $110,000 $6,230 $2,118,369

1/2019 $103,770 $110,000 $6,230 $2,112,139

7/2019 $103,770 $110,000 $6,230 $2,105,909

1/2020 $103,770 $110,000 $6,230 $2,099,679

7/2020 $103,770 $110,000 $6,230 $2,093,449

1/2021 $103,770 $110,000 $6,230 $2,087,219

7/2021 $103,770 $110,000 $6,230 $2,080,989

1/2022 $103,770 $110,000 $6,230 $2,074,759

c. Prepare the journal entries to record the interest payments on January 1, 2020 and January 1, 2021.

bond premium amortization per coupon = 124,599 / 20 = $6,229.95 ≈ $6,230

January 1, 2020, coupon payment

Dr Interest expense 103,770

Dr Premium on bonds payable 6,230

Cr Cash 110,000

January 1, 2021, coupon payment

Dr Interest expense 103,770

Dr Premium on bonds payable 6,230

Cr Cash 110,000

d. Prepare the journal entry to record the bond called on January 2021 at 106

Dr Bonds payable 2,000,000

Dr Premium on bonds payable 87,219

Dr Loss on retirement of debt 32,781

Cr Cash 2,120,000

5 0

3 years ago

If major earthquakes occur along active segments of the san andreas fault about every 200 years, when can another major event be

Aleonysh [2.5K]

It should generate another major event around 2050-2060

8 0

3 years ago

which are characteristics for all careers in the stem career cluster? select all that apply. a. good with customers b. work in l

mestny [16]

I got B, C and D.

Let's go through the process of elimination and my explanation for my answers.

First A, with Stem you don't need to work good with customers because you are doing science, math, technology etc. Working good with customers wouldn't need to be a requirement. B. You will need to know how to work in laboratories, especially if you're going to be in science. Science stem usually has laboratories for scientists to do there discoverys on. C. Technology can be another job for stem careers, they can learn how to code and do other technology stuff. That would be a requirement while working for a Technology career in stem. D. Let's say you were working for a science career, you would need to analyze data to get accurate data stets. It would be a skill needed for that. E. Developing Bridges is something that would not be needed to practice or knowing how to do. Yes, Engineering could be a carrer but it would not just be needing to build a Bridge, you would need much more skill than that. F. <u>I want you to give that one a try,</u> that one is a tricky one. Let's find it out together. So, you need to know how to design products for Engineering, right? But is that one of the main skills for working? Find that one out and let me know <u>what you get. </u>

3 0

3 years ago

Read 2 more answers

In expanding into foreign markets, a company can strive to gain competitive advantage (or offset domestic disadvantages) by

il63 [147K]

Here's the options that completes the question:

A. building a state-of-the-art facility to fully capture scale economies via an export strategy.

B. using export, licensing, or franchising strategies so as to minimize risk and capital investment.

C. locating buyer-related activities in all countries where it sells its product.

D. dispersing its activities among various countries in a manner that lowers costs or else helps achieve greater product differentiation and transferring competitively valuable competencies and capabilities from its domestic operations to its operations in foreign markets.

E. avoiding the use of strategies that entail coordinating its domestic strategic moves with its strategic moves in the various foreign markets that it enters.

Answer:

D. dispersing its activities among various countries in a manner that lowers costs or else helps achieve greater product differentiation and transferring competitively valuable competencies and capabilities from its domestic operations to its operations in foreign markets

Explanation:

A key condition that makes a firm achieve competitive advantage or a favourable business position is it's costs and product design.

If a firm can lower it's cost in a foreign market while also maintaining quality just as it is has done in it's domestic market then it stands a better chance of success.

For example, if a firm in the clothing line industry decides to expand its operations to a foreign market eg Africa.

A key factor in determining its success is its ability to lower its cost in the foreign market as compared to competitors, while also achieving the same quality standards of products.

7 0

3 years ago