Answer:
The journal entry for the interest payment is shown below:
Explanation:
Interest Expense A/c........................Dr $16,098
Premium on bonds payable A/c....Dr $952
To Cash A/c............................Cr $17,050
Working Note:
Interest expense = Bonds sale value × Market rate
= $321,964 × 5%
= $16,098
The market rate will be:
= 10 / 2
= 5%
Because it is paid semiannually, so rate is divided by 2.
Cash = Par value × Contract rate
= $310,000 × 5.5%
= $17,050
The contract rate will be:
= 11 / 2
= 5.5%
Because it is paid semiannually, so rate is divided by 2.
Answer: C. No, but he is liable for another $2 per share.
Explanation:
A stock is not to be issued below its par value as this is the lowest price that it is to be issued at. If a par value is $4 for instance, the stock cannot be issued for anything less than this $4.
In this scenario, the par value is $8 per share which means that Globule Inc. cannot issue this share for less than $8. Kirby in paying only $6, is still liable for $2 so that he can at least pay for the stock at its par value.
The super display book is an electronic order routing and execution technology that sends orders directly to the specialist or DMM for execution rather than through the floor broker.
<h3>What is Super display book?</h3>
The super display book is an electronic order routing and execution technology that sends orders directly to the specialist or DMM for execution rather than through the floor broker. The system will provide an electronic confirmation of the execution to the submitting broker dealer if the order can be carried out right away.
The New York Stock Exchange used a unique tracking system called Display Book (NYSE). Market exchanges displayed, recorded, and carried out market orders using the Display Book. For each security they traded, experts on a NYSE-affiliated exchange used the Display Book.
The New York Stock Exchange is a U.S. stock exchange located in Lower Manhattan's Financial District. By market capitalization of its listed businesses, which was US$30.1 trillion as of February 2018, it is by far the largest stock exchange in the world.
The Super Display Book is the NYSE's computerized trading platform. In late 2009, this took the place of the earlier DOT (Designated Order Turnaround) method.
To learn more about Super display book refer to:
brainly.com/question/14368700
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Answer: Option (D) is correct.
Explanation:
An economic signal is a type of information on a particular good, product or activity which helps people in making economically correct decisions.
All the options are showing economic signal in some way:
(a) There is a fall in the demand for floppy disks and CDs which shows that there is a trend change.
(b) High unemployment rate in U.S will lead to a decision to employ more number of people.
(c) This increases the demand for houses.
(d) There is a indication about the future prices of toilet paper that it will not change much in the future.
Answer:
Specific performance
Explanation:
Specific performance is the contract in which the party performs for the specific purpose rather than the general purpose. In this contract, one party is refusing to perform the contract due to some better options or by any other reasons
Examples - in case of real estate properties, antiques, etc.
In the given case, the contract was made for $80,000 but after two days the party deny to perform it as the party got an additional $20,000. So, this is the case of the specific performance.
