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3 years ago

Life on the mississippi: what is twain's first mistake at the wheel?

1 answer:

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Twain career is remarkable, he chooses to become a Riverboat Pilot. We are asked what was his fist mistake at the wheel in the "Life on the Mississippi" and the answer is "He started to move away from one boat and moved towards the middle and that is the time that he needs to fight the current".

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On January 1, 2018, Surreal Manufacturing issued 600 bonds, each with a face value of $1,000, a stated interest rate of 3 percen

Hoochie [10]

Answer:

Period Bonds Interest Cash Increase in Bonds payable

Payable Expenses Paid Bonds payable at the end

2018 583352 23334.08 18000 5334.08 588686.1

2019 588686.1 23547.44 18000 5547.44 594233.5

2020 594233.5 23766.48 18000 5766.48 600000

Journal entries

Jan 01 2018

Cash account Dr $583352

Discount on Bonds Payable Dr $16648

Bonds payable Cr $600000

Dec 31 2018

Interest expense Dr $23334.08

Cash account Cr $18000

Discount on bonds Payable Cr $5334.08

Dec 31 2019

Interest expense Dr $23547.44

Cash account Cr $18000

Discount on bonds Payable Cr $5547.44

Dec 31 2020

Interest expense Dr 23766.48

Cash account Cr $18000

Discount on bonds Payable Cr $5766.48

Dec 31 2020

Bonds Payable Dr $600000

Cash account Cr $600000

01.01.2020 (Redemption at 101)

Bonds Payable Dr $600000

Loss on redemption of bonds Dr $11766.48

Cash account (600000*101%) Cr $606000

Discount on bonds payable Cr $5766.48

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3 years ago

Bad Debt Expense is considered __________.a. an avoidable cost in doing business on a credit basis. b. an internal control weakn

horsena [70]

Answer:

c. a necessary risk of doing business on a credit basis.

Explanation:

Bad debt is an amount that is owed to a creditor , which will not be paid back . Bad debt expense could be as a result of company who took a loan and is not able to pay back due to bankruptcy.

Before bad debt expense occur in a business, management often make provisions for such debt. Provision for bad debt expense is an amount set aside to cushion the effect of debts that are likely not to be paid back.

It therefore means that bad debt expense is a necessary risk of doing on a credit basis.

4 0

3 years ago

Describe how implementing the fundamental principles of management will help to improve the management process within the compan

Snezhnost [94]

Answer: By implementing the principles of management such as planning, organization, leadership and control, it would influence the dynamics of the company, which would automatically improve processes.

Explanation: If managers ensure that the actions are implemented correctly, the organizational culture will work according to the principles and the results can be measured.

7 0

3 years ago

Tracy is passed over for a promotion and raise because he is often late to work and misses deadlines. He wants to make himself l

alex41 [277]

Answer: impression management

Explanation:

This is a strategy where one wants to maintain how people sees them by saying particular things that will make them look impressive or do certain things that will make them look impressive either because they want to be liked or they want to maintain a certain status amongst their friends.

Tracy wants to maintain her status hence she has to lie to her friends to keep looking like a great person who is achieving great things in life even when she is not.

She has to maintain that impression they have of her that she has probably built over time amongst her friends .

6 0

3 years ago

Identify the statement below that describes what the Days' sales uncollected ratio assesses. Multiple choice question. It assess

krok68 [10]

The Day's sales uncollected ratio evaluates how quickly a company can convert its accounts receivables into cash.

<h3>What does the Days Sales Uncollected ratio exactly mean and how it is calculated?</h3>

Days Sales Uncollected is the ratio, which is used by the company to measure what number of days the customer will take to pay the credit card balance.

The Days Sales Uncollected ratio may be calculated through dividing the accounts receivable by net sales and multiplies it by 365.

This ratio is used to count the number of days, the corporation will acquire to receive the cash for its sale.

Learn more about the Days Sales Uncollected Ratio here:-

brainly.com/question/17203516

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7 0

2 years ago