Answer and Explanation:
The journal entries are shown below:
On Jan 1
Cash $500,000
To Bond Payable $500,000
(Being the issuance of the bond is recorded)
On Dec 31
Bond Payable $500,000
Loss on redemption $15,000 ($500,000 × 3%)
To Cash ($500,000 × 103%) $515,000
(Being the redemption of the bond is recorded and the remaining balance or we can say balancing figure is debited to loss on redemption)
Answer:
23%
Explanation:
The computation of the contribution margin ratio is shown below:-
Selling price per unit = $4,900,000 ÷ 4,025 units
= 1217.39
Contribution margin ratio = Contribution margin ÷ Selling price
= $280 ÷ 1217.39
= 23%
Therefore for computing the contribution margin ratio we simply divide selling price by contribution margin.
Answer:
Jillian
What Jillian should ideally do is:
a. Contribute 1650 in a Roth IRA, and 1350 In her company’s 401(k) plan.
Explanation:
a) Data and Calculations:
Salary = $45,000
401(k) = 3% of $45,000 = $1,350
Employer's match to the 401(k) = $1,350 (100%)
Savings affordable = $3,000
b) Jillian can contribute to Roth IRA and her company 401(k) which her company will also match 100%. Her contributions to both funds are within the allowed limits. In 2020, the allowed limit of 401(k) plan is $19,500 while that of Roth IRA is $6,000.
Here ,Dividend yield = 4%
Earnings per share = 3
Dividend yield is calculated as follows
Dividend yield = Dividend per share / Current market price
4% = 3 / Current market price
Current market price = 34% = 75
Consequently, the current market price per share is $75
<h3>
What is meant by the current market? How can I find the most recent market price?</h3>
Current Market refers to the Principal Market, as of any date of determination, on which the Parent's shares of common stock are then listed, traded, and quoted.
Check the P/E ratio and earnings per share in the company's annual report for the accounting period to get an idea of the market price for that particular date. For instance, if the P/E ratio is 20 and the company reported EPS of 7.50, the expected market price comes out to 150 per share.
To learn more about market price visit:
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Answer:
Background, problem, and purpose
Explanation:
A project proposal consists of multiple segments. The section titled Background, problem and purpose outlines the context of the project and the problem that it seeks to address. In essence, this section provides a brief overview of the project purpose and the subsequent sections of the proposal add additional details which are relevant to the execution of the project.
