Checks are promises to pay a sum of money at some time in the future. a. True b. False

Suppose a large country experiences economic growth which results in a reduced willingness to trade. The country’s terms of trad

eimsori [14]

Answer:

The correct answer is letter "B": improve; rise.

Explanation:

Terms of Trade measures the efficiency of a country's trade. It is a ratio which compares the exports of a country with its imports. It is calculated by dividing the export value by the import value, and by multiplying the result by one hundred (100). A terms of trade figure higher than 100, means a country exporting goods at a higher value than its imports.

Given the case that there is no willingness to trade in an economy after a growth, the most possible scenario to take place is that the trade terms will improve as a result of the decrease in the demand of imports and assuming the level of exports keeps at the constant level that allowed the economic growth or if it even rises.

4 0

3 years ago

Student loans, car loans, and housing loans are good examples of

vivado [14]

Long term liabilities

3 0

2 years ago

"which term refers to the level of commitment that workers make to an employer?"

user100 [1]

Employee engagement is the term that refers to the level of commitment that workers make to an employer. It also shows that an employee is committed to the company by doing his best to achieve the company’s goal and vision. Also, employee engagement is giving commitment to become loyal to the company, giving ideas to improved the company, and being one with the organization.

3 0

3 years ago

On its 2008 balance sheet, Sherman Books showed a balance of retained earnings equal to $510 million. On its 2009 balance sheet,

Marta_Voda [28]

Answer:

a. The company must have had net income equal to zero in 2009.

Explanation:

If on its 2008 balance sheet, Sherman Books showed a balance of retained earnings equal to $510 million, and on its 2009 balance sheet, the balance of retained earnings was also equal to $510 million; then what is true is that the company must have had net income equal to zero in 2009.

Retained earnings is the profit amount or net income left over and taken back into the business after it has paid out dividends to its shareholders.

However it is unlikely that the company will pay out the entire amount it earns in a particular year but a percentage of earnings.

In the case of Sherman, it is unlikely that the company made a profit of $200 million and paid out every bit as dividends to shareholders but what is most likely is that there was no profit made for retention in 2009

5 0

3 years ago

2. Chico Co. sold $4 million of 10-year bonds on December 31, 2015, with interest payable June 30 and December 31 at an annual r

Aleonysh [2.5K]

Answer:

The requirement of the question is provided below:

a. What were the proceeds received by Chico upon the sale of the bonds?

b. Prepare the entry made by Chico to record the sale of the bonds on December 31, 2015.

The proceeds from the issue is $4,498,488.41

The entries are:

Dr Cash $4,498,488.41

Cr Bonds payable $4,000,000

Cr Premium on bonds payable $498,488.41

Explanation:

The first task here is to determine the proceeds from the issue, which can be done using the present value formula in excel.

=pv(rate,nper,pmt,fv)

rate is the effective rate of 10% divided by 2,since coupon is paid twice a year.

nper is the time to maturity of 10 years multiplied by 2

pmt is the coupon payment paid twice a year, that is :12%/2*$4000,000=$240,000

fv is the value expected by investors upon redemption that is $4 million

=-pv(5%,20,240000,4000000)

pv=$4,498,488.41

5 0

3 years ago

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