1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aloiza [94]
1 year ago
14

Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in most of the United States. Customers order

at a drive thru, dine on the patio, or drive up to a canopied parking space. A carhop then delivers the food to the customer. Assume that Sonic has $ 15 million in cash to support future expansion and has decided to invest the funds in corporate bonds until the money is needed. Sonic purchases bonds with $ 15 million face value for $ 15.7 million cash on January 1 of the current year. The bonds pay 9 percent interest annually, with payments on the following June 30 and December 31 , and mature in four years. Sonic plans to hold the bonds until maturity.
Required:
(c) Should Sonic prepare a journal entry if the fair value of the bonds increased to $ 16,300,000 on December 31 of the current year? Explain.
Business
1 answer:
podryga [215]1 year ago
4 0

Sonic corporation, founded as Sonic drive-In and more generally called Sonic "The force-In," is an American power-in speedy meals restaurant chain owned with the aid of inspire manufacturers, the discern employer of Arby's and Buffalo Wild Wings.

The agency, based by way of Troy N. Smith Sr. (1922–2009), opened its first location in 1953, below the name top Hat drive-In. Initially, a stroll up root beer stand out of doors a log cabin steakhouse selling soda, hamburgers, and hotdogs; Sonic, presently has three,549 locations inside the united states.

The employer's core products include the "Chili Cheese Coney", "Sonic Cheeseburger combo", "Sonic Blasts", "master Shakes", and "Wacky p.c. youngsters food." The organization also has a breakfast menu. although Sonic has operated because the early 1950s, Sonic Corp. incorporated in Delaware in 1990. It has its company headquarters in Oklahoma city; the headquarters building features a dine-in Sonic eating place in an adjacent building. prior to its acquisition by way of encourage manufacturers, its inventory traded on NASDAQ with the symbol SONC. Most eating places are owned and operated with the aid of franchisees. Total 2016 sales were around $100 million with internet profits of $18 million.

Learn more about Sonic Corporation here:-

brainly.com/question/25583824

#SPJ4

You might be interested in
A separation between ownership and management is most likely to occur in a:
Thepotemich [5.8K]
 a separation between ownership and management is most likely to occur in a  : Corporation
In a corporation, the owners (or more commonly known as the share holders) tend to higher the executive that they believe is capable to manage the company

hope this helps
7 0
3 years ago
As a sole proprietor, what are the ways in which you can raise money to establish your business, and make it grow?
kolezko [41]

Answer:

Take out a small business loan.

Explanation:

A small loan is a way, based on your credit, to establish a way to raise money.

3 0
3 years ago
________ appeals help consumers make purchase decisions by offering factual information that encourages consumers to evaluate th
VikaD [51]

Informational Appeals help consumers make purchase decisions by offering factual information that encourages consumers to evaluate the brand favorably on the basis of the key benefits it provides.

<h3>What is Informational Appeals ?</h3>

It allows you to showcase the product's qualities and the benefits that a buyer will gain when using the goods. It is an effective method of persuading them that your product is something they truly require and can use. Con: Informative advertisements can be boring.

Aristotle proposed three types of argumentation arguments: logical, ethical, and emotional appeals.

Ebooks, "How-to" videos, blogs, and brochures are all examples of informational marketing because they provide a detailed description of a service or product and what makes it unique in the business.

To know more about Informational Appeals  follow the link:

brainly.com/question/2570305

#SPJ4

4 0
1 year ago
When an interviewer introduces a new topic area, she is using a
Damm [24]
Answer:

D. Primary question

8 0
3 years ago
Which of the following is true for American options? A. Put-call parity provides an upper and a lower bound for the difference b
velikii [3]

The statement that holds true for the American Option is (A) Put-call parity provides an upper and lower bound for the difference between call and put prices

Explanation:

According to the Put-call parity concept when we hold the  short European put and long European call of similar class the return delivered is same as  holding one forward contract of the same underlying asset, that has the same expiration, forward price and which is equal to the strike price of the option

In financial management  put–call parity concept is used to define the  relationship that exist  between the price of a European call option and European put option, and both of them have identical strike price and expiry

The formula used for calculating  put call parity is

c + k = f +p

where (c) call price plus the (k) strike price of both options is equal to the futures price(f) plus the put price(p)

4 0
3 years ago
Other questions:
  • From a __________ perspective, business cycles are the result of capitalist greed. In order to maximize profits, capitalists sup
    12·1 answer
  • What’s going on here? As soon as Dewey Cheatum and Howe Motors increase the prices on their SUVs, then so does their only compet
    14·1 answer
  • Ackert Company's last dividend was $1.55. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which d
    11·1 answer
  • Cassandra was planning a new product launch. She knew that the art department was ready to work on the promotional pieces now, b
    14·1 answer
  • Discuss the optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly
    7·2 answers
  • In which level of linkage does a company’s strategic business planning function exist without any input from the HRM department?
    14·1 answer
  • The following information relates to a company’s accounts receivable:
    9·2 answers
  • Unemployment arising from a persistent mismatch between the skills and characteristics of workers and job requirements is called
    12·1 answer
  • Corporate HR for Corner Bookstores knows that sexual harassment in the workplace is a serious issue. In order to provide consist
    7·1 answer
  • A naturalistic learning style fits a person who enjoys learning through _____.
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!