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3 years ago

Those firms that are categorized as successful tend to pay employees well, train employees, and reduce status differences.

1 answer:

6 0

I would say this would be true that being well paid, well trained and promoting equality in the workplace all are aspects of a successful enterprise and go a long way to ensuring that employees are satisfied and willing to go an extra mile for the employer.

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On June 30, Police Company issues 6 %, 10-year bonds payable with at face value of $ 100 comma 000. The bonds are issued at f

Fiesta28 [93]

Answer:

The journal entry upon issuance of the bond is as follows:

Dr Cash $100,000

Cr Bonds payable $100,000

to record issuance of bond for cash

Journal entry for semi-annual interest

Dr Interest expense $6000

Cr Cash $6000

Being payment of bond semi-annual interest

Explanation:

Upon issuance of the bond with face value and issue price of $100,000, the cash position of the Police company increases by $100,000, hence the cash account should receive a debit of $100,000, but the issue also implies increased debt obligation, as a result , the bonds payable account is also credited with the same amount.

Concerning, the interest payment, which is an outflow of cash, the cash account is credited and the interest expense account is debited as an increase in expense.

The amount of interest is $6000(6%*$100,000).

5 0

3 years ago

Game theory is necessary to understand which kinds of markets? (i) perfectly competitive (ii) monopolistically competitive (iii)

Karo-lina-s [1.5K]

Competitive markets is the answer

3 0

3 years ago

Assume a corporation has earnings before depreciation and taxes of $123,000, depreciation of $41,000, and that it has a 35 perce

Maslowich

Answer:

a. Computation of cash flow

Earnings before depreciation and taxes $123,000

Less: Depreciation $41,000

Earnings before taxes $82,000

Less: Taxes ($82,000*35%) $28,700

Earnings after taxes $53,300

Add: Depreciation $41,000

Cash Flow $94,300

b. If Depreciation = 21,000

Computation of cash flow

Earnings before depreciation and taxes $123,000

Less: Depreciation $21,000

Earnings before taxes $102,000

Less: Taxes($102,000*35%) $35,700

Earnings after taxes $66,300

Add: Depreciation $21,000

Cash Flow $87,300

3 0

3 years ago

Requesting funds for working capital suggest that the business is not a solid investment true or false

Igoryamba

I’m not sure but I think it’s false

6 0

3 years ago

Determine proper classification (LO11-1) Wi-Fi, Inc., has the following selected transactions during the year. Required: Select

jekas [21]

Answer:

a. Operating activities (indirect method)

1. Pays a $20,000 account payable

2. Collects a $15,000 account receivable

3. Pays $75,000 to suppliers for inventory.

b. Investing activities

Purchases equipment for $

Loans $50,000 to a customer, accepting a note receivable.

c. Financing activities

Issues $20 million in bonds

Declares and pays a cash dividend of $100,000

d. A separate noncash activities note

Exchanges land for a new patent. Both are valued at $300,000.

Explanation:

The categorisation and their effects are explained as follows:

a. Operating activities (indirect method)

1. Pays a $20,000 account payable: This a cash outflow and its effect is a reduction in cash flow from operating activities.

2. Collects a $15,000 account receivable: This a cash inflow and its effect is an increase cash flow from operating activities.

3. Pays $75,000 to suppliers for inventory: This a cash outflow and its effect is a reduction in cash flow from operating activities.

b. Investing activities

1. Purchases equipment for $: This a cash outflow and its effect is a reduction in cash flow from investing activities.

2. Loans $50,000 to a customer, accepting a note receivable: This a cash outflow and its effect is a reduction in cash flow from investing activities.

c. Financing activities

1. Issues $20 million in bonds: This a cash inflow and its effect is an increase in cash flow from financing activities.

2. Declares and pays a cash dividend of $100,000: This a cash outflow and its effect is a reduction in cash flow from financing activities.

d. A separate noncash activities note

1. Exchanges land for a new patent. Both are valued at $300,000: This is a noncash transaction that neitheir leads to the outlow nor inflow of cash.

6 0

3 years ago