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Ksenya-84 [330]
3 years ago
11

Archer Inc. issued $4,000,000 par value, 7% convertible bonds at 99 for cash. If the bonds had not included the conversion featu

re, they would have sold for 95. Prepare the journal entry to record the issuance of the bonds.
Business
1 answer:
Firdavs [7]3 years ago
4 0

Answer:

                               Dr.             Cr.  

Cash                 4,000,000

Bond Payable                     4,000,000

Explanation:

Issuance of Bond will create an liability and cash is received against the bonds. So, Cash will be dibited and a payable account with title bond payable will be credited. These bonds are convertible and it can be converted it bond holder want to convert it into share then at that time another entry of share conversion will be recorded.

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What is a common workflow error that can cause duplicate expenses in QuickBooks Online?
kow [346]

Answer:

A common workflow error that can cause duplicate expenses in QuickBooks Online is:

Duplicating any transaction.

Explanation:

The reason behind this is that duplicating transactions is very common because it might originate before the accounting process is made. It can be executed by any manager or someone in the resources acquisitions department. That is why the books have to be reviewed at two different moments from two different departments. Accounting first and then finance. To check that everything is correct.  

5 0
3 years ago
Suppose that the adult population in the town of Springfield is 225 million. If 40 million are unemployed and 100 million are em
amid [387]

Answer:

a) 29%

Explanation:

The formula to compute the unemployment rate is shown below:

Unemployment rate = (Number of Unemployed workers) ÷ (Total labor force) × 100

where,

Number of unemployed = 40 million

Total labor force = Number of unemployed + number of employed

                            = 40 million + 100 million

So, the unemployment rate would be

= (40 million) ÷ (140 million) × 100

= 29%

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3 years ago
Select the question that can be answered using only raw data. Multiple choice question. Which of the perishable items used by a
QveST [7]

The question that can be answered using only raw data is C. What is the <u>date, amount sold</u>, and <u>customer number</u> for a sale transaction?

<h3>What is raw data?</h3>

Raw data refers to data that has <u>not been processed</u> for use.

For example, unlike the perishable items to be ordered first or the lowest sales per week data, the data on the date, amount sold, and customer number for a sale transaction remain unprocessed and therefore raw.

Thus, the question that can be answered using only raw data is C. What is the <u>date, amount sold</u>, and <u>customer number</u> for a sale transaction?

Learn more about raw data at brainly.com/question/26207955

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8 0
2 years ago
If Kmart states that it is going to spend $100 million in advertising in the upcoming year to help increase its market share, it
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Answer: It is explaining part of its OPERATIONAL plan.

Operational planning in business is a process of planning an action/actions intended to accomplish specific goals to the process of implementing the actions to achieve those goals.

It describes all the factors and parameters needed to achieve said goals.

Operational planning establish the activities and budgets for each part of the organization.

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3 years ago
Read 2 more answers
The price elasticity of demand for food tends to be:.
4vir4ik [10]

The price elasticity of demand for food tends to be price inelastic when the absolute value is less than 1.0.

<h3>What is Price Elasticity?</h3>

This refers to the measure of the effect of a price change that is supplied to customers.

Hence, we can see that when factoring in the price elasticity for food items, it is price inelastic simply because food is essential and as such, the price of the food item does not have a huge impact on the demand.

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