In the social enterprise spectrum described ny dees and colleagues which type of organization use only

Pick the correct statement from below. Multiple Choice A deferred call provision requires the bond issuer to pay the current mar

jeyben [28]

Answer: A deferred call provision prohibits the bond issuer from redeeming callable bonds prior to a specified date.

Explanation:

A deferred call provision refers to the provision whereby the calling of a bond before a particular date is prohibited. The bond is known to be call protected during this period.

Therefore, a deferred call provision prohibits the bond issuer from redeeming callable bonds prior to a specified date.

6 0

3 years ago

Robert G. Flanders Jr., the state-appointed receiver for Central Falls, RI, said his city's declaration of bankruptcy had proved

valentinak56 [21]

Answer:

False

Explanation:

Missing question: <em>The ability to declare bankruptcy increased the disagreement value of the city during negotiation with the unions</em>

Alternatives available to an agreement determine the terms of an agreement. If bankruptcy is been declared in a situation where the cities can manipulate and evade much of their pension obligations owed to unions, such scenarios gives the city a much better alternative, if the favorable agreement with the city's unions and retirees emerge.

7 0

3 years ago

Common stock, par $12 per share, 49,000 shares outstanding. Preferred stock, 8 percent, par $17.5 per share, 7,710 shares outsta

Vlad [161]

Answer:

<h2>a. The Preferred stock is noncumulative.</h2>

Preferred stock

= 7,710 * 17.5 * 8%

= $‭10,794‬

Per share

= 10,794/7,710

= $1.40

Common Shareholders.

= 63,800 - 10,794

= $‭53,006‬

Per share

= ‭53,006‬/49,000

= $1.08

<h2>b. Preferred stock is cumulative. </h2>

This means that if preferred dividends are not paid in a year, they will be accrued and paid when they can.

Preferred stock

= 7,710 * 3 years (2017,2018,2019)

= $‭23,130‬

Per share = 23,130/7,710

= $3

Common stock

= 63,800 - 23,130

= $‭40,670‬

Per share

= 40,670/49,000

= $0.83

c. Why were the dividends per share of common stock less for the cumulative preferred stock than the noncumulative preferred stock?

b. The dividends in arrears on the preferred stock had to be fulfilled before dividends could be paid for the current year.

7 0

4 years ago

On January 1, 2021, the general ledger of TNT Fireworks includes the following account balances:

Anna11 [10]

Answer:

TNT Fireworks

a. Multiple-step Income Statement for the period ended January 31, 2021:

Sales revenue $220,000

Cost of goods sold 115,000

Gross profit $105,000

Interest Revenue 50

Expenses:

Depreciation exp. 3,600

Salaries expense 62,400

Utilities expense 16,500

Bad debt expense 5,900 $88,400

Income before tax $16,650

Income taxes exp 9,000

Net income $7,650

Beginning Retained Earnings 50,000

Ending Retained earnings $57,650

b. Classified Balance Sheet as of January 31, 2021:

Assets

Current assets:

Cash $5,400

Accounts Receivable 223,000

Allowance for

Uncollectible Accounts (8,100)

Interest Receivable 50

Inventory 4,200 $224,550

Long-term assets

Notes Receivable (5%,

due in 2 years) 12,000

Land 155,000

Equipment 19,500

Depreciation (3,600) $182,900

Total assets $407,450

Liabilities and equity

Current liabilities:

Accounts Payable $88,200

Salaries payable 32,600

Income taxes payable 9,000

Total liabilities $129,800

Equity:

Common Stock $220,000

Retained Earnings 57,650

Total equity $277,650

Total liabilities and equity $407,450

c. Closing Entries:

Accounts Debit Credit

Sales revenue $220,000

Interest Revenue 50

Income summary $220,050

To close sales and interest revenue to the income summary.

Income Summary $212,400

Cost of goods sold $115,000

Depreciation exp. 3,600

Salaries expense 62,400

Utilities expense 16,500

Bad debt expense 5,900

Income taxes exp 9,000

To close cost of goods sold and expenses to the income summary.

Income summary $7,650

Retained earnings $7,650

To close the net income to the retained earnings.

Explanation:

a) Data and Calculations:

Account Balances:

Accounts Debit Credit

Cash $58,700

Accounts Receivable 25,000

Allowance for

Uncollectible Accounts $2,200

Inventory 36,300

Notes Receivable (5%,

due in 2 years) 12,000

Land 155,000

Accounts Payable 14,800

Common Stock 220,000

Retained Earnings 50,000

Totals $287,000 $287,000

Analysis of Transactions:

January 1 Equipment $19,500 Cash $19,500

January 4 Accounts payable, $9,500 Cash $9,500

January 8 Inventory $82,900 Accounts payable $82,900

January 15 Cash $22,000 Accounts receivable, $22,000

January 19 Salaries expense $29,800 Cash $29,800

January 28 Utilities expense, $16,500 Cash $16,500

January 30 Accounts receivable $220,000 Sales revenue $220,000

Cost goods sold $115,000 Inventory $115,000

Accounts Debit Credit

Cash $58,700 - 19,500 -9,500 +22,000 - 29,800 - 16,500

= $5,400

Accounts Receivable 25,000 - 22,000 + 220,000 = 223,000

Interest Receivable 50

Allowance for

Uncollectible Accounts $2,200 + 5,900 = 8,100

Inventory 36,300 + 82,900 - 115,000 = 4,200

Notes Receivable (5%,

due in 2 years) 12,000

Land 155,000

Equipment 19,500

Accumulated depreciation 3,600

Accounts Payable 14,800 - 9,500 + 82,900 = 88,200

Salaries payable 32,600

Income Taxes Payable 9,000

Common Stock 220,000

Retained Earnings 50,000

Sales revenue 220,000

Interest Revenue 50

Cost of goods sold 115,000

Depreciation exp. 3,600

Salaries expense 29,800 + 32,600 = 62,400

Utilities expense 16,500

Bad debt expense 5,900

Income Taxes 9,000

Totals $287,000 $287,000

Adjusting entries:

Depreciation expenses $3,600 Accumulated depreciation $3,600

Allowance for Uncollectible Accounts = $1,500

Allowance for uncollectible accounts = $6,600 ($220,000 * 3%)

Total allowance for uncollectible = $8,100 ($1,500 + $6,600)

Bad debts expense $ 5,900 Allowance for Uncollectible $5,900

Interest Receivable $50 Interest Revenue = $50 ($12,000 * 5% * 1/12)

Salaries Expense $32,600 Salaries payable $32,600

Income Taxes $9,000 Income Taxes Payable $9,000

Adjusted Trial Balance

As of January 31, 2021

Accounts Debit Credit

Cash $5,400

Accounts Receivable 223,000

Interest Receivable 50

Allowance for

Uncollectible Accounts $8,100

Inventory 4,200

Notes Receivable (5%,

due in 2 years) 12,000

Land 155,000

Equipment 19,500

Accumulated depreciation 3,600

Accounts Payable 88,200

Salaries payable 32,600

Income taxes payable 9,000

Common Stock 220,000

Retained Earnings 50,000

Sales revenue 220,000

Interest Revenue 50

Cost of goods sold 115,000

Depreciation exp. 3,600

Salaries expense 62,400

Utilities expense 16,500

Bad debt expense 5,900

Income taxes exp 9,000

Totals $631,550 $631,550

8 0

3 years ago

The slope of the investment demand function indicates how sensitive investment is to changes in real interest rates. The 'steepe

Alex17521 [72]

The correct answer is false.

It is false that the slope of the investment demand function indicates how sensitive investment is to changes in real interest rates. The 'steeper' the investment demand function, the less sensitive investment is to changes in the real rate of interest, all else constant.

We can say that the downward slope is the consequence of several reasons. For instance, the concept that money, its nominal value, is fixed. However, the real value of money depends on the level of prices. So the demand for money is related to the demand for it. The interest rate falls when the price level falls.

7 0

3 years ago