Answer:
June 1
Dr cash $955,501
Cr Discount on bond payable $65,501
Cr Bond payable $890,000
June 30
Dr Interest expense $26,700
Dr Discount on bonds 4,450
Cr Cash $31,150
Explanation:
RKO Company Journal entry
June 1
Dr cash $955,501
Cr Discount on bond payable $65,501
($955,501-$890,000)
Cr Bond payable $890,000
June 30
Dr Interest expense $26,700
($890,000×6%×1/2)
Dr Discount on bonds 4,450
Cr Cash $31,150
($890,000×7%×1/2)
Answer:
The average daily balance=$113.32
finance charge =$1.98
the new balance =$101.97
Explanation:
The formulas for computing each of the amounts above are found in the excel file attached. Kindly note the formulas for subsequent assignments.
Answer:
This is not a question. It is an attack on democrats.
Explanation:
Answer:
The correct answer is $50 (unfavorable).
Explanation:
According to the scenario, computation of the given data are as follow:-
Planning supply activity cost = (592 × $10) +$1230
= $7,150
Actual supply activity cost = (597 × $10) + $1230
= $7,200
We can calculate the activity variance for supply cost by using following formula:-
Activity variance for supplies cost = Actual activity cost – Planning activity cost
= $7,200 - $7,150
= $50 ( positive shows unfavorable)
Answer:
Culture Training
If a company has to do business with people from another part of the world, the company should endeavor to train its staff in the etiquette required of them by the people of that country so as to avoid any unfortunate incidents.
They could hire a culture expert who would come around and give classes to the employees to get them ready for interaction with the other people.
Hiring a Culture expert
In addition to culture training, the company could hire an onsite culture expert who can advise the company on such matters. Such an expert would be able to offer expedient advice to the company as employees can simply go to them and ask for advice rather than going through a long class.
Such an expert could also vet the gifts that are to be exchanged with people of other cultures for appropriateness as well.
