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zhenek [66]
3 years ago
7

On January 1, 2021, Ozark Minerals issued $10 million of 9%, 10-year convertible bonds at 101. The bonds pay interest on June 30

and December 31. Each $1,000 bond is convertible into 40 shares of Ozarks no par common stock. Bonds that are similar in all respects, except that they are non convertible, currently are selling at 99. Upon issuance, Ozark should:
Business
1 answer:
joja [24]3 years ago
7 0

Answer:

Upon issuance, Ozark should "<em>Credit premium on bonds payable $100,000</em>"

Explanation:

Issue price of bond is ($10 million * $101) = $10,100,000

The face value of the bond                       = $10,000,000

The premium on bond = $10,100,000 - $10,000,000

The premium on bond = $100,000

                                   Journal entry

                                                    Debit                   Credit

Cash                                        $10,100,000

Premium on bonds payable                                $100,000

Bonds payable                                                     $10,000,000

Conclusion: Upon issuance, Ozark should "Credit premium on bonds payable $100,000"

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A consumer products company produces inexpensive goods in underdeveloped markets, then repackages them as cost-effective innovat
Ksenya-84 [330]

Answer:

B) False

Explanation:

Glocalization is a term that combines both globalization and localization. It was first used during the 1980s in Japan to define a way of thinking and developing business strategies: think locally and act globally.

Back in the 1980s Japan's economy was booming, it was the second largest economy in the world and Japanese car manufacturers and technological firms were wiping out the competition. This term refers to the western interpretation of Japanese business strategies of that decade, of selling similar but differentiated products everywhere.

E.g. American car manufacturers used to complain that Japanese consumers wouldn't buy their cars in Japan, but they simply had the steering wheel on the wrong side and Japanese consumers were not willing to even try them for that reason.

Luckily, things have changed and American companies also realized that their reality is not necessarily the reality of the rest of the world, and you must adapt your products to different markets.  

5 0
3 years ago
Match the job descriptions with the job titles.
Marina CMI [18]

Answer:

See below

Explanation:

The job description is a document that shows the duties, responsibilities, and skills to perform a specific role. For example;

<u>Negotiate insurance settlement- </u><u>Claim adjuster</u>

The claim adjuster gathers reports and facts to the insurer.

<u>Certifies the financial record of the business-</u><u> Auditor</u>

An auditor ensures the reports and records are well examined in an organization.  He or she verify the assets and liabilities.

<u>Help a company build a positive image in the media-</u><u> Public relation specialist.</u>

Public relations help in building trust and creating awareness about the organization.

<u>Negotiates the rates for transportation of goods- </u><u>Cargo and flight agent</u>

cargo and flight agents ensure that shipments are delivered on time, and fees are collected.

6 0
3 years ago
Party a has agreed to exchange $1 million u.s. for $1.02 million canadian. what is this agreement called?
Mrrafil [7]

Party A has agreed to exchange $1 million U.S. dollars for1.21 million Canadian dollars. This agreement is called a swap.

<h3>What is swap?</h3>

An agreement for a financial exchange known as a "swap" calls for one of the two parties to commit to making a given number of payments at a specified frequency in exchange for the other party making a different set of payments. These flows often react to interest payments based on the swap's nominal amount.

<h3>What is the advantage of swap contract?</h3>

Through the use of swap, one can gain access to new financial markets for funding by analyzing the comparative advantage that the other party has in that market. As a result, exchange fully utilizes the comparative advantage that parties possess. As a result, money can be collected at a lower cost from the best source available.

Learn more about Swap: brainly.com/question/14990076

#SPJ4

3 0
1 year ago
For people who live near a bus route, a subway station, or a commuter rail line, public transportation provides a substitute to
Tom [10]

Answer: Positive.

Explanation:

Suppose there are two related goods, i.e, Good A and Good B.

Cross price elasticity of demand refers to the responsiveness of demand for Good A if there is a change in the price of its related good, i.e, Good B.

Now, we are talking about gasoline and public transportation, suppose if there is increase in the price of gasoline then it will be costlier for the people to drive their own cars, as a result demand for public transportation increases.

There is a positive relationship between the gasoline and public transportation.

Hence, cross-price elasticity of demand between gasoline and public transportation is Positive.

5 0
3 years ago
Required : You are to prepare the Arc's federal income tax return in good form . You are not to complete an Ohio state income ta
Oduvanchick [21]
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- Harvard university professor
4 0
3 years ago
Read 2 more answers
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