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goldfiish [28.3K]
3 years ago
10

The city fire department offers its services to any individual within its city limits, so even paul, who is driving through the

city on vacation, received assistance with a car fire. the fire department is an example of a ___ organization.
Business
2 answers:
Sholpan [36]3 years ago
4 0
I would say that the fire department is an example of an organization with universal coverage something like pensions and medicare pthat are provided to all citizens of a country regardless of their income and so is an equitable system. Consequently then I would say that the fire department is an example of a commonwealth organization.
statuscvo [17]3 years ago
4 0
<span>Municipal organization. These organizations provide services where needed a specific geographical area, regardless of who received the services. They are created to maintain the well being and safety of a municipal area.</span>
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On January 1, 2016, Hackman Corporation issued $1,400,000 face value 12% bonds dated January 1, 2016, for $1,423,060. The bonds
krok68 [10]

Answer:

(a) Bond issuance:

Debit Cash                                                           $1,423,060

Credit Bonds payable                                         $1,400,000

Credit Premium on bond payable                          $23,060

<em>(To record bond issuance)</em>

(b) June 20 interest payment

Debit Interest expense (balancing figure)              $81,694

Debit Premium on bond payable                             $2,306

Credit Cash                                                             $84,000

<em>(To record first interest payment - June 30)</em>

(c) December 31  interest payment

Debit Interest expense (balancing figure)             $81,694

Debit Premium on bond payable                           $2,306

Credit Cash                                                            $84,000

<em>(To record first interest payment - December 31 )</em>

Explanation:

A bond is a long-term promissory note issued by a company in order to borrow from investors to fund its business operations.

Calculation of the interest expense:

Premium on bonds payable (balancing figure) = $23,060

Number of periods = 5 years x 2 = 10 periods

Amortization of premium on bond payable = $23,060 / 10 periods = $2,306

Calculation of the cash proceed:

Cash = Face value of bond x contractual interest x Time period

Cash = $1,400,000 x 12% x 6 / 12 = $84,000 (see the journals above)

4 0
3 years ago
25. A firm that uses weighted average process costing has 400 units in Beginning Inventory that are 80% complete. During the per
avanturin [10]

Answer:

Finished goods = $85,800

Ending inventory = $5,280

Explanation:

beginning WIP 400 units

$11,080

8000 units started

$80,000

units finished and transferred out = 8,000 + 400 - 600 = 7,800

ending inventory 600 units

80% complete

equivalent units = 7,800 + (600 x 80%) = 8,280

total costs = $91,080

cost per equivalent unit = $91,080 / 8,280 = $11

Finished goods = 7,800 x $11 = $85,800

Ending inventory = 480 x $11 = $5,280

3 0
2 years ago
The Cook Corporation has two divisions--East and West. The divisions have the following revenues and expenses: East West Sales $
jekas [21]

Answer:

لقد تم خداعك للتو ، لقد تم خداعك للتو ، لقد تم خداعك للتو ، لقد تم خداعك للتو أيها الزنجي

Explanation:

5 0
3 years ago
An analyst asked to perform a TCO analysis for a system would need to take into account
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Can you dm me for the answer I’m not home rn I’m trying to help out a lot of people
4 0
3 years ago
The stockholders' equity of Verrecchia Company at December 31, 2013, follows:
liq [111]

Answer:

Verrecchia Company

Financial Statement effects:

1. Jan. 5 Issued 10,000 shares of common stock for $12 cash per share:

Assets (Cash) would increase by $120,000

Equity (Common Stock) would increase by $120,000

2. Jan. 18 Repurchased 4,000 shares of common stock at $15 cash per share.

Assets (Cash) would decrease by $60,000

Equity (Common Stock) would decrease by $60,000

3. Mar. 12 Sold one-fourth of the treasury shares acquired January 18 for $18 cash per share.

Assets (Cash) would increase by $18,000

Equity (Common Stock) would increase by $18,000

4. July 17 Sold 500 shares of the remaining treasury stock for $13 cash per share.

Assets (Cash) would increase by $6,500

Equity (Common Stock) would increase by $6,500

5. Oct. 1 Issued 5,000 shares of 8%, $25 par value preferred stock for $35 cash per share.

Assets (Cash) would increase by $175,000

Equity (Preferred Stock) would increase by $125,000

Equity (Additional Paid-in Capital - Preferred) would increase by $50,000

Explanation:

The Financial Statement effects of each transaction is a reflection of how each transaction affects at least two opposite elements of the financial statement.  Every transaction affects the elements of the financial statement in one way or another, which enables the accounting equation to remain in balance.

For example, a transaction may increase the assets and also increase either the liabilities or equity side of the balance sheet.

In our example, the transactions affected only the balance sheet.  This means that each transaction increases or decreases the assets, liabilities, or equity sections.

5 0
3 years ago
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