Answer:
A financial manager of Chapman Co. recommends that it wait until the world stock markets recover before it issues stock.
Explanation:
The reason for this is because if the initial public offering IPO is issued now, it can only be issued at a very low price and as a result the company will not be able to raise much funds as revenue and the consequence of this at the same time is that the valuation of the company will decline.
Conclusion: The initial public offer should be issued at a time when the world stock markets recover. This reason being that the recovery will improve the pricing of the stock, as well as the valuation of the company in the international market as well.
Answer:
U.S. Builders
The problem with the discipline process that U.S. Builders has is:
Implementing the resolution of the disciplinary process.
Explanation:
The correct disciplinary process should follow the following steps:
1. Obtaining an initial understanding of the issue.
2. Carrying out a thorough investigation to establish the facts.
3. Inviting the affected employee to a disciplinary meeting.
4. Conducting the disciplinary meeting.
5. Deciding on the disciplinary action to take.
6. Confirming and conveying the outcome in writing.
7. Giving the employee the right to appeal.
Implementing the resolution.
Answer:A
Explanation:
A regressive tax is a tax impose in such a manner that the tax rate decreases as the amount subject to taxation increases.
Answer:
Date Account titles and explanation Debit Credit
1-1-21 Bond interest payable $46,000
Cash $46,000
(To record payment of interest)
1-1-21 Bond payable $155,000
Loss on redemption bond $15,500
(155,000/100*10)
Cash $170,500
(To record bond redemption)
31-1-21 Interest expenses $36,450
Bond interest expenses $36,450
(560,000-155,000)*9%
(Adjusting entry to accrue the interest on the remaining)
