The correct option is C.
Student loans that originated from the federal government are called federal students loans. This type of loan usually allows the borrower to pay lower interest and it has more flexible repayment options compare to loans from other sources. The interest rate of the loan is usually fixed over time.<span />
The characteristics of a successful workplace culture. select all that apply employees like the goals of the organization.
Culture is the character and personality of your organization. it is what makes your business unique and is the sum of its values, traditions, beliefs, interactions, behaviors, and attitudes. Fantastic place of business way of life attracts skills, drives engagement, influences happiness and pleasure, and impacts performance. The character of your business is inspired by everything. Leadership, management, workplace practices, regulations, people, and extra impact culture significantly. The most important mistake groups make is letting their workplace tradition form naturally without first defining what they need it to be.The way your leaders speak and engage with employees, what they talk and emphasize, their vision for the future, what they celebrate and recognize, what they expect, the stories they tell, how they make decisions, the volume to which they're relied on, and the ideals and perceptions they reinforce.
Learn more about Workplace culture here:-
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Answer:
c. 7%
Explanation:
According to the given scenario, the computation of the annual stated interest rate on the bonds is shown below:-
Sated interest Rate = Cash interest ÷ Face Value of the bond × 2
= $7,000÷ $200,000 × 2
= 7%
Therefore for computing the annual stated interest rate on the bonds we simply applied the above formula. hence the correct option is c
Answer:
a.
Cash 27000 Dr
Common Stock 13500 Cr
Paid in capital in excess of par-Common stock 13500 Cr
b.
Cash 135000 Dr
Preferred Stock 135000 Cr
Explanation:
a.
When we issue stock at premium, we always record the amount received from such issuance of stock at full. So, the cash account will be debited for 4500 * 6 = 27000
However, we record the common stock issued at par value and the remaining is credited under the reserve account which is Paid in capital in excess of par.
Thus the common stock will be credited by its par value of 4500 * 3 = 13500 and the remaining 4500 * 3 will be credited to the Paid in Capital account.
b.
The par value of the preferred stock is 4500 * 30 = 135000
Thus the preferred stock is issued at par and we simply debit the cash received from the issue and credit the preferred stock.
Answer: A reversing entry: <em><u>"is the exact opposite of an adjusting entry made in a previous period.".</u></em>
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Explanation: Reversion entries are an end-of-the-year technique that involves the reversal, on the first day of the new accounting period, of those end-of-year adjustment entries that cause expenses or income and therefore will result in payments or cash receipts. Its purpose is to allow company personnel to record routine transactions in a standard manner without referring to previous adjustment entries.
