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3 years ago

Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 20Y8, were as follows:

Business

1 answer:

NikAS [45]3 years ago

3 0

Answer:

part a.

Cash $450,000 (debit)

Common Stock $300,000 (credit)

Share Premium $150,000 (credit)

part b.

Cash $400,000 (debit)

Preferred Stock $320,000 (credit)

Share Premium $80,000 (credit)

part c.

Cash $500,000 (debit)

Bonds Payable $500,000 (credit)

part d.

Dividend Declared - common stock $50,000 (debit)

Dividend Declared - preferred stock $20,000 (debit)

Shareholders for Dividends $70,000 (credit)

Explanation:

For par value stock, any price paid in excess of the par value of that stock is accounted for in the share premium reserve of that stock.

When a dividend is declared, recognize the equity element - dividend declared for the class of equity that is entitled to the dividend to the extent of the stocks outstanding on the date the dividend is declared.Also recognize a liability - Shareholders for Dividends arising from the obligation that the entity has created (through the declaration) to its stockholders

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A zero coupon bond: is sold at a large premium. can only be issued by the U.S. Treasury. has a market price that is computed usi

kupik [55]

Answer:

A zero coupon bond:

A. is sold at a large premium.

B. has a price equal to the future value of the face amount given a positive rate of return.

C. can only be issued by the U.S. Treasury.

D. has less interest rate risk than a comparable coupon bond.

E. has a market price that is computed using semiannual compounding of interest.

Answer is : B

Explanation:

In classification of bonds we have a unique type of bond known as Zero-coupon bonds also know as Pure discount bonds, unlike traditional bonds they don’t pay coupon instead they are sold on discount basis and on maturity the bondholder receive a par value, for this reason the price will be at a discount on sale and on maturity be redeemed at par price showing a positive rate of return.

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4 years ago

An inventory system is a set of policies and controls that monitors levels of inventory and determines what levels should be mai

VARVARA [1.3K]

Complete Question:

An inventory system is a set of policies and controls that monitors levels of inventory and determines what levels should be maintained, when stock should be replenished, and how large orders should be

Answer:

TRUE

Explanation:

The reason is that the inventory system includes the management of the inventory which includes the decision making related to:

How much to purchase?

What to purchase?

When to Purchase?

When to deliver raw materials and receive the finished goods from the production house?

It also involves the control system designed to control the flow of the inventory and policies in place to maintain and manage the inventory.

So the statement is true.

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3 years ago

The type of appeal used to suggest to the consumer that he or she can avoid some negative experience through the purchase and us

Taya2010 [7]

Answer:

e. fear appeal

Explanation:

Fear appeal -

It refers to the strategy to influence people to buys a product and give contribution for the cause , is known as fear appeal.

It is also known as fear appraisal .

The consumer buys the product from the fear of the outcomes of not buying the product.

Hence, from the given scenario of the question, the correct term from the given options of the question is fear appeal.

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4 years ago

77. Identify a potential risk for businesses using E-Commerce. a. increased customer satisfaction b. the possibility of fraudule

k0ka [10]

Answer:

B. The possibility of fraudulent transactions.

Explanation:

In recent times, it is well known and well known that marketplaces have also included the buying and selling in different other levels which E-commerce has thrived in many ways and are tested to be worth a while. In as much as it is good, e-commerce business in recent times has given a lot of exposure and access to a larger audience. And this has been learnt to have not certainly been possible to achieve through conventional retailing methods. In as much as it is loved by a reasonable amount of people, it is seen to have also made business owners and customers prone to serious security threats; which may include forms like online security breach, client disputes and refunds

Violation of Intellectual property, credit cards scams, poor customer service only to mention but few which are risky too.

Breaches of this form are seen to the risks that can affect your business and you can bear the loss if they are not addressed properly.

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3 years ago

Why is barter inefficient?

Alexxandr [17]

Answer:

People didn't want to trade their goods for other goods anymore.

Explanation:

People wanted to have both their item and another item (which they wanted to buy). Then currency was invented.

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3 years ago