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3 years ago

One example of a primary market transaction would be the:

1 answer:

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An example of primary market transaction occurs when there is a presence of creation of securities in which there is an initial public offering the occurs in a market n means for having to make the market to sell for the first time as it is associated or showed in the public.

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What has been the pattern of union membership in recent years?

natima [27]

D. growth of neither public nor private sector unions

Explanation:

In recent years both Public and private unions have lost popularity among the workers as they have been slowly losing their importance in the modern capitalistic societies.

<u>Union memberships were important for the security of the rights of the workers</u> and these unions were often quite influential too. This has not remained the case unfortunately.

<u>With sanctions in place, unions do not have an effective job to do and their popularity has dwindled. </u>

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3 years ago

Read 2 more answers

Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are: M N O Unit sal

Xelga [282]

Answer:

Madison Corporation

The contribution margin per composite unit for the current sales mix is:

= $26.

Explanation:

a) Data and Calculations:

Products M N O

Current sales mix 3 1 2

Unit sales price $16 $11 $13

Unit variable costs 10 9 10

Unit contribution $6 $2 $3

Contribution margin per

composite unit $18 $2 $6

= ($6 * 3) ($2 * 1) ($3 * 2)

b) The contribution margin per composite unit is computed as the addition of the contribution margin per composite unit for each product. Each product's contribution margin per composite unit is calculated as the contribution per unit multiplied by the sales mix for each product.

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3 years ago

On August 1, 2021, Turner Manufacturing lends cash and accepts a $16,000 note receivable that offers 10% interest and is due in

professor190 [17]

Answer:

31 Dec 2021 Interest Expense $667 Dr

Interest Payable $667 Cr

Explanation:

The bond will pay the interest at maturity. However, following the accrual basis of accounting requires to match the revenue and expenses for a period and requires such transactions to be recorded in their respective periods. The year end adjusting entry will be made on 31 December 2021.

The interest expense for the period from August to December, 5 months, will be recorded on 31 December 2021 as interest expense and credit to interest payable.

The interest expense is = 16000 * 0.1 * 5/12 = $666.67 rounded off to $667

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3 years ago

Castillo Company has a defined benefit pension plan. At the end of the reporting year, the following data were available: beginn

Luda [366]

Answer:

$23,000

Explanation:

Before recording the journal entry, first we have to determine the pension expense amount which is shown below:

Pension expense = service cost + interest cost - expected return on plan assets

= $18,000 + $5,000 - $10,000

= $13,000

Now the journal entry would be

Pension expense A/c Dr $13,000

Plan asset A/c Dr $10,000

To PBO A/c $23,000

(Being the annual pension cost is recorded)

All other information which is given is not relevant. Hence, ignored it

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3 years ago

On December 31, 2021, Interlink Communications issued 6% stated rate bonds with a face amount of $119 million. The bonds mature

Tamiku [17]

Answer:

Price of the bond is $104,236,860.

Explanation:

Given:

Coupon rate is 6% or 0.06

Face value = $119,000,000

Coupon payment each year = 0.06×119,000,000

= $7,140,000

Yield to maturity = 7% or 0.007

Maturity period = 30 years

Price of bond = Present value of face value + present value of coupon payment (annuity)

Price of bond = $119,000,000_{(PV\ 30,0.07)} + 7,140,000_{(PVA\ 30,0.07)}$

PV of $1 for 7%,30 periods = 0.1314

PVA of $1 for 7%,30 periods = 12.409

Substitute the values in above formula:

Price of bond = (119,000,000 × 0.1314) + (7,140,000 × 12.409)

= 15,636,600 + 88,600,260

= $104,236,860

There will be slight difference in final answer as present value table is used. Excel spreadsheet gives an accurate answer.

So, price of bond is $104,236,860

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3 years ago