A US company producing cell phones in Brazil would be counted in the measurement of the United States

On January 1, a company issues bonds dated January 1 with a par value of $310,000. The bonds mature in 5 years. The contract rat

Elenna [48]

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.

3 0

3 years ago

As a bank loan officer, you are considering a loan application by Peak Performance Sporting Goods. The company has provided you

Xelga [282]

Answer:

66.7%

Explanation:

Calculation to determine Peak Performance's debt to owners' equity ratio

First step is to calculate the Owner's Equity using this formula

Owner's Equity=Total Assets - Total Liabilities

Where,

Total Assets =$25,000 + $45,000 + $140,000 + $190,000

Total Assets = $400,000

Total Liabilities =$70,000 + $90,000

Total Liabilities=$160,000

Let plug in the formula

Owner's Equity=$400,000-$160,000

Owner's Equity=$240,000

Now let Calculate the debt to owners equity ratio using this formula

Debt to owners equity ratio= Debt [total Liabilities]/Owner's Equity

Let plug in the formula

Debt to owners equity ratio = $160,000/$240,000

Debt to owners equity ratio = 0.667*100

Debt to owners equity ratio= 66.7%

Therefore Peak Performance's debt to owners' equity ratio is 66.7%

7 0

2 years ago

As a student of Business Ethics and a managing director of a multinational company, discuss five (5) factors you will consider i

rewona [7]

Communication, ethics, conflict management, learning, and inclusion are some issues to consider when leading a multicultural and diversified workforce in Ghanaian business organizations.

<h3>How do you lead a multicultural team?</h3>

In order to foster a culture that celebrates variety and individuality, it is crucial that there be a number of rules and procedures that concentrate on organizational ethics. The manager must be aware of the requirements of the teams, encourage learning, and include the staff in organizational procedures.

Therefore, the sharing of knowledge, learning, and creativity can benefit from a diverse culture.

To learn more about the multicultural team here: brainly.com/question/27249388

#SPJ10

4 0

2 years ago

Assume you have $2,000 in a savings account at the beginning of the year and the price level is equal to 100. If the price level

leva [86]

Answer:

$1,667

Explanation:

Given that,

Savings account at the beginning of the year = $2,000

Price level at the beginning of the year = 100

Price level at the end of the year = 120

Price level increases from 100 to 120

Therefore, what was worth $120 earlier, is not worth only $100.

Hence, $120 at the beginning of the year is worth = $100 at the end of the year

$1 at the beginning of the year is worth = ($100 ÷ $120) at the end of the year

Savings of $2,000 at the beginning of the year is worth:

= ($100 ÷ $120) × $2,000

= 0.833 × $2,000

= $1,667

Therefore, the real value of the savings is $1,667.

5 0

3 years ago

In a process costing system, with the exception of the first department, each department receives output from the prior departme

Eduardwww [97]

Process Costing system involved several processes or departments under which the next department receives partially completed product from the previous department. The first department receives the raw material and it does not receive any output from other department.

Hence except the first department, each department receives output from the prior department as a partially processed product.

Hence the answer is <u>True.</u>

8 0

2 years ago