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3 years ago

_____ must verify in writing the accuracy of their corporation's financial statements.

1 answer:

3 0

Chief operating officers (COO) and chief financial officers (CFO) must verify in writing the accuracy of their corporation's financial statements.

Answer: D)

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After purchasing a coffee cup from your local gas station for $5.00, you can always refill your cup for $0.50. The marginal cost

kumpel [21]

Answer:

c.$0.50

Explanation:

Marginal Cost is the cost of one more unit of a prodcut.

The cost of each refill is $0.50. Therefore, the marginal cost of the 10th is $0.50

I hope my answer helps you

5 0

4 years ago

Arrangement in which a buyer purchases the right to sell the good or service of the seller is called _________.

gtnhenbr [62]

Answer:

A sell and purchase agreement (SPA)

Explanation:

A sales and purchase agreement (SPA) is a binding and legal contract between two parties that obligates a transaction between the two parties: the buyer and the seller. SPA are typically used for real estate transactions, but they are found in all areas of business. The agreement finalizes the terms and conditions of the sale, and it is the culmination of negotiation between the buyer and the seller

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3 years ago

On June 30, 2012, Mackes Company issued $5,000,000 face value of 13%, 20-year bonds at $5,376,150, a yield of 12%. Mackes uses t

mestny [16]

Answer:

Explanation:

a. Dr Cash 5,376,150

Cr Premium on bonds payable 376,150

Cr Bonds payable 5,000,000

b. Dr Interest expense 322,569

Dr premium on bonds payable 2431

Cr Cash 325,000

c. Dr Interest expense 322,423

Dr Premium on bonds payable 2577

Cr Cash 325,000

d. Dr Interest expense 322,269

Dr premium on bonds payable 2731

Cr Cash 325,000

4 0

3 years ago

Ruby enjoys working with other people. She has excellent leadership, interpersonal, and communication skills that she would like

Leya [2.2K]

I believe the answer is: salesperson

The main job of salespersons is to influence potential consumers into buying company's products. Because of this, it is important for them to develop excellent interpersonal and communication skills since people are more likely to do business with you if they like you as a person.

8 0

4 years ago

Suppose Hale and sons purchases 800,000$ of 5% annual bonds of Mcphee Corporation at face value on January 1, 2014. These bonds

r-ruslan [8.4K]

Answer:

1) Journalize Hale and Sons transaction related to the bonds for 2014

The McPhee Corporation bonds are classified as long term assets (more than 1 year), and as held to maturity

January 1, 2014, investment in McPhee Corporation bonds

Dr Investment in McPhee Corporation bonds 800,000

Cr Cash 800,000

June 30, first coupon payment received from investment in McPhee Corporation bonds

Dr Cash 20,000

Cr Interest revenue 20,000

December 31, second coupon payment received from investment in McPhee Corporation bonds

Dr Cash 20,000

Cr Interest revenue 20,000

2) journalize the entry required on the McPhee bonds maturity date.

December 31, 2018, last coupon payment + principal received from investment in McPhee Corporation bonds

Dr Cash 820,000

Cr Investment in McPhee Corporation bonds 800,000

Cr Interest revenue 20,000

4 0

3 years ago