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xxTIMURxx [149]
3 years ago
9

BRAINLIEST

Business
1 answer:
matrenka [14]3 years ago
4 0
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When managers delegate work, three transfers occur. the three transfers are responsibility, authority, and _____?
charle [14.2K]

When managers delegate work, three transfers occur. the three transfers are responsibility, authority, and accountability

3 0
3 years ago
X Co. issued 7% bonds with a face value of $200,000. At time of issue, the market interest rate for similar bonds was 8%. The bo
laiz [17]

Solution:

Given that :

X company issued bonds of 7 percent having face value of $ 200,000.

At the time of issue the market rate of interest is 8 percent.

Life of the bonds = 5 years

And interest is paid annually.

Now computing the issue price of bond:

Issue price of bond = ($ 200,000 x 7%) x PUIFA (8%, 5 periods) + ($ 200,000) x PUIF (8%, 5th period)

= ($ 14,000 x 3.99271) + ($ 200,000 x 0.68058)

= ($ 55,897.94) + ($ 136,116)

= $ 192,014

Journal entry of issuance of bond at the beginning of year 1

Date/ period     General journal            Debit                    Credit

Beginning of        Cash A/c                  $192,014          

period 1                Discount of bond      $ 7986

                             payable A/C

                            To bond payable a/c                              $200,000

Bond amortisating schedule using effective interest rate:

Period        Interest expense     Interest expense    Discount         Closing of

                   paid in advance          record                                         book value

Beginning

of period 1                                                                                            $192,014

Period 1      $14,000                     $15361                     $ 1361             $193,375

                                                  ($192,014 x 8%)

Period 2      $14,000                     $15470                     $1470            $194845

                                                  ($193,375 x 8%)  

Period 3      $14,000                     $15588                    $ 1588            $196433

                                                  ($194845 x 8%)

Period 4      $14,000                     $15715                    $ 1715             $198148

                                                  ($196433 x 8%)

Period 5      $14,000                     $15852                     $ 1852           $200000

                                                  ($198148 x 8%)

5 0
3 years ago
Definition of economic costs
VikaD [51]

Answer:

Definition of Economic Costs

Implicit and Explicit Costs:

The wholesale cost for the pianos that Darnell pays the manufacturer  Explicit Cost

The salary Darnell could earn if he worked as an accountant  Implicit Cost

The wages and utility bills that Darnell pays  Explicit Costs

The rental income Darnell could receive if he chose to rent out his showroom  Implicit Cost

Complete the following table by determining Darnell's accounting and economic profit of his piano business.

Profit

(Dollars)

Accounting Profit        $89,000

Economic Profit             $3,000 ($89,000 - 86,000)

If Darnell's goal is to maximize his economic profit, he( should, should not) stay in the piano business because the economic profit he would earn as an accountant would be $__86,000____.

This economic profit includes the rental and salary income that Darnell can earn.

Explanation:

a) Data:

Sales Revenue = $842,000

Cost of goods sold 452,000

Wages & Utilities = 301,000

Opportunity cost of showroom = $38,000

Opportunity cost of employment = $48,000

Total opportunity cost = $86,000

Profit           (Dollars)

Sales Revenue =   $842,000

Cost of goods sold 452,000

Gross profit            $390,000

Wages & Utilities =   301,000

Net Income             $89,000

Opportunity cost of showroom = $38,000

Opportunity cost of employment = $48,000

Total opportunity cost = $86,000

6 0
3 years ago
Floating rate bonds are most likely to be popular with investors when it is anticipated that:_________.
fiasKO [112]

Answer:

i think d is the correct answer

6 0
3 years ago
What motivates U.S. companies to tailor their policies and practices to address
aev [14]

Answer:

Increased pressure for conformity to the various communities causes. Speical interest groups such as PETA or various Climate change special interest groups might call out a company for not doing enough to combat their adverse impact and might result in BAD publicity. So companies give into their corporate social responsibilites.

Explanation:

6 0
2 years ago
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