<span>In addition to their regular compensation, managers working abroad are awarded with international premiums.
Most workers overseas are paid/compensated higher for being in another country. These extra payments are known as international premiums which can be extra money for living, spending allowance, insurance, savings and healthcare. Depending on your role and your company, your benefits may vary slightly. </span>
Answer:
D. Date Accounts and Explanation Debit Credit Interest Expense 21,385 Discount on Bonds Payable 235 Cash 21,150
Explanation:
The journal entry is shown below:
Interest expense $21,385
To Discount on bond payable $235
To Cash $21,150
(Being the interest expense is recorded)
The computation is given below:
The interest expense is
= $470,000 ÷ 100 × 91 × 10% ÷ 12 months × 6 months
= $21,385
The cash is
= $470,000 × 9% ÷ 12 months × 6 months
= $21,150
And, the remaining balance is credited to discount on note payable
We simply debited the interest expense as it increased the expenses and credited the cash as it reduced the assets plus the remaining amount is credited to discount on bond payable
Answer:
No entry is made
Explanation:
When a company applies the partial equity method in accounting for its investment in a subsidiary and initial value, book values, and fair values of net assets acquired are all equal, there would be no entry in the consolidation worksheet. The reason is the initial investment in the subsidiary, the initial value, book values and fair values of net assets acquired are all equal, no changes has been made.
A monopoly is a market situation in which a good or service is offered by only one company. The existence of a monopoly presupposes that there are no other exchangeable products on the market for buyers.
The conditions that can cause the creation of a monopoly are many: state legislation that prohibits other companies from operating in a market, the overwhelming superiority of a company over its competitors, the neutralization of rivals with appropriate strategies by the monopoly company, and special market characteristics that allow profitably running just one business, between others.
The monopoly company has the ability to influence the quantity or price of a good, as it wants, since it can and does control the market.
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If the federal reserve conducts an open market purchase, bank reserve DECREASE and the money supply INCREASE. The federal reserve has the responsibility to control the amount of money available in the economy. When the federal reserve make a purchase, their reserve will decrease, the money supply in the economy will increase, interest rates will fall and investment spending will increase.
