Answer:
c. is considered to be a reduction in the cost of borrowing.
Explanation:
The premium on bond payable arise when the bond payable is issued more than the face value. It is a liability account consist of the credit balance that is presented on the liability side of the balance sheet
Moreover, it is deducted in the borrowing cost and amortized as an interest expense to the bonds life. It is added to the bond payable
Hence, the correct answer is c.
Answer:
Mixed contract
Explanation:
given data
contract service warranty = 2 years
total cost of the good purchased = $5,000
service warranty = $275
solution
Phil's contract with Best Tech here includes both goods and services for the purchase of goods and two years of service. Mixed contracts are contracts that combine both goods and services. Therefore, under the UCC, the agreement is classified as a mixed agreement. The primary purpose of the contract is to determine whether the combined agreement applies to the UCC or common law.
Answer:
C Apple's need to continually innovate
Explanation:
Organisation personnel can be hired through internal recruitment - from within the organisation, or through external recruitment - from outside the organisation.
Internal Recruitment has advantage of fresh, new talented people with creative, innovative ideas. External Recruitment has advantage of no need to introduce & orient existing people with organisation culture, rules etc.
Apple condition existed, suggesting to hire from outside : Apple's need to continually innovate
Apple condition existed, favouring replacing CEO from within the firm : The need for the CEO to know the firm's core competencies as well as be able to develop new ones
The purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.
<h3>What is the purchase amount to be recorded?</h3>
The purchase amount that should be recorded on the date of purchase is the amount of the transaction. This does not take into account the return and discount which happened later.
This implies that Icon Co. will reduce the purchase amount on April 4 when half of the goods were returned with a contra entry. And discount will be based on the balance of $2,000 instead of $4,000.
<h3>Data and Calculations:</h3>
Purchase on April 2 = $4,000
Purchases Return on April 4 = $2,000
Thus, the purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.
Learn more about recording credit purchases at brainly.com/question/5651500