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bonufazy [111]
4 years ago
8

Exercise 15-2 On January 1, 2017, Klosterman Company issued $420,000, 12%, 10-year bonds at face value. Interest is payable annu

ally on January 1. Prepare the journal entry to record the issuance of the bonds.
Business
1 answer:
Maslowich4 years ago
6 0

Answer:

The journal entry to record the bond issuance is shown below:

Explanation:

The journal entry to record the bond issuance is as:

Cash A/c.............................................Dr  $420,000

        Bonds Payable A/c......................Cr  $420,000

Being the bonds issued

As the bonds are issued by the company so cash is coming into the business, which is an asset and any increase in asset is debited. Therefore, the cash account is debited. And cash is received against the bonds payable, so the account of bonds payable is credited.

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A boat-cleaning company needs to increase its number of clients. It walks through segmentation and targeting exercises and disco
sertanlavr [38]

Marketing of a boat cleaning company needs to account for targeting a segment of population that owns boats.

Explanation:

Here, in simple terms, the marketing strategy is missing the people it was supposed to target for their marketing.

The company working in the niche has to target boat owners specifically, which the marketing fails to do.

<u>Segmentation is an activity in which a wide net of marketing population is marketed to and then the clients are filtered out.</u> This is not a very effective method but it was essentially trying to <u>find which people look out for the service the company provides.</u>

5 0
3 years ago
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The – is the first and central note of a scale. the principle of organization around a central note is called
umka2103 [35]

The <u>"tonic" </u>is the first and central note of a scale. the principle of organization around a central note is called  <u>"tonality."</u>


Tonic refers to the primary note of a scale that the scale depends on, sometimes called the root.  

Most tunes begin and end with a similar tone which is the primary note, or tonic, in the scale. At that point you play notes from a scale you could hear that the music appears to float towards the main note, it resembles somewhere in the range of pressure is left until the point when you have achieved that first note. This phenomenon is called tonality.


6 0
3 years ago
Suppose a firm in each of the two markets listed below were to increase its price by 25 percent. In which pair would the firm in
Thepotemich [5.8K]

Answer: (C) Corn and satellite radio

Explanation:

The corn and the satellite radio is one of the international telecommunication system that is specifically used for the broadcasting purpose.

The corn is one of the type of radio broadcasting that is used as in the form of FM. It is used by using various types of programming applications in the form of terrestrial radios.

The corn system is cheaper as compared to the satellite radio system, as it is widely use in the terrestrial area and the provide services to each geographical areas.

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3 0
3 years ago
A vice president of operations wants to evaluate the impact of reducing manufacturing expenses on the firm's return on assets. W
frosja888 [35]

Available Options Are:

a. Cost of Goods Sold

b. Net Profit Margin

c. None of these

d. Asset Turnover

Answer:

Option B. Net Profit Margin

Explanation:

The increase or decrease in cost of Goods sold can not tell whether the return on assets has increased or decreased becuase it would only tell that the expense are decreased or increased not the profit. Which means it only tells one side of the story hence Option A is incorrect.

Option B is correct because it talks about the profit. If the manufacturing cost has been decreased then the it must increase the profit. Because if the profits has increased then the return on asset will increase. Hence the Option B is correct here.

Option D is incorrect because asset turnover formula is:

Asset Turnover = Sales / Total Assets

The decrease in manufacturing cost will not increase the sales because sales and total assets are independent of manufacturing expenses hence the Option D is incorrect.

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4 years ago
A business has non-current liabilities of £600 000 and a gearing ratio of 40%. It then takes out
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