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4 years ago

The value of all final goods and services produced within a country is termed its __________.

1 answer:

6 0

<span>This is called the gross domestic product. This is the value of all of the goods and services produced in a country in one year. Only legally sold goods are included in the gross domestic product. No illegal products or services are counted.</span>

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Boyd Corp. issued $1,500,000 of 9% nonconvertible bonds at 107, due in 10 years. Each $1,000 bond was issued with 45 detachable

FrozenT [24]

Answer:

Cash 1.605.000‬‬ debit

Discount on Bonds payable 279,480 debit

Bonds payable 1,500,000 credit

Warrant on stock 384,480‬ credit

Explanation:

cash proceeds:

1,500,000 x 107/100 =

bond par value $1,000

warrants 45 x $7= $315

Total $1,315

Issued at 107 which is 1,000 x 107/100 = 1,070

bonds issued: 1,500,000 / 1,000 = 1,500

bonds payable: 1,070 x 1,000/1,315 = 813,68 x 1,500

discount on bonds: 1,000- 813,68 = 186,32‬ x 1,500

stock warrants 1.070x315/1,315=256,31 x 1,500

4 0

4 years ago

On July 1 the Fisher Shoe Store paid $24,000 to Acme Realty for 6 months rent beginning July 1. Prepaid Rent was increased for t

Papessa [141]

Answer:

Increase Rent Expense, $4,000; decrease Prepaid Rent, $4,000.

Explanation:

Since Fisher Shoe Store paid $24,000 to Acme Realty for 6 months rent beginning July 1, we will calculate monthly rent amount by:

24,000/6 = $4,000

Financial statements are prepared on July 31, so we will adjust the July rent in the adjusting entry.

We will debit the rent expense by $4,000 and credit the prepaid rent which is an asset to decrease it by an amount of $4,000.

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3 years ago

First, think about the way in which interest on municipal bonds is treated from a federal income tax point view. In this light,

spin [16.1K]

Answer:

4% (exactly 4.4%)

Explanation:

A taxable bond is a debt security whose return to the investor is subject to taxes at the local, state or federal level, or some combination thereof. An investor trying to decide whether to invest in a taxable bond or tax-exempt bond should consider what s/he will have left in income after taxes are taken.

Step 1:

Find the reciprocal of your tax rate,

(1-22%) = 1-0.22 = 0.78

Step two:

Divide this into the yield on the tax-free bond to find out the tax-equivalent yield.

3.5/0.78 = 4.4 ~ 4%

7 0

3 years ago

Grouper Ltd. estimates sales for the second quarter of 2017 will be as follows.

Alona [7]

Answer:

July production = 2,660 units

raw materials per unit = $6

ending inventory of raw materials = 50% of next month production

<h2> RAW MATERIALS PURCHASES</h2>

April May June

units to be produced 2,200 2,130 2,330

+ ending inventory 1,065 1,165 1,330

EU raw materials

- beginning inventory -1,100 -1,065 -1,165

<u>EU raw materials </u>

total direct materials

purchases (in units) 2,165 2,230 2,495

cost of direct materials $6 $6 $6

total purchases $12,990 $13,380 $14,970

8 0

4 years ago

Insurance sales, tax preparation, personal financial advising, and investment fund management are careers in which

kakasveta [241]

Answer:

Its A.

Explanation:

5 0

3 years ago

Read 2 more answers