Answer:
Debit Interest Expense $17,304.80; credit discount on bonds payable $1,104.8; credit cash $16,200
Interest Expense A/c......................Dr $17,304.80
Discount on bonds payable A/c....Cr $1104.8
To Cash A/c............................Cr $16,200
Explanation:
Given the following :
Bond value = $346,096
Market rate = 10% = 0.1
Contract rate = 9% = 0.09
Par value = $360,000
Note : Semiannual payment = rate / 2
Calculating the cash value and interest expense:
Cash value :
Par value × contract rate
$360,000 × (0.09/2)
$360,000 × 0.045
= $16,200
Interest expense :
Bond value × market rate
$346,096 × (0.1/2)
$346,096 × 0.05
= $17,304.8
Answer:
skilled workers take time to train
Explanation:
this means that a lot of time is spent on training which te would have been invested in production
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Number of foam cushions to be produced in July 13, 000
Number of foam cushions to be produced in August 12, 000
Number of foam cushions to be produced in September 14, 000
Each cushion requires 2 pounds of the foam used as stuffing. The company has a policy that the ending inventory of foam each month must be equal to 25% of the following month's expected production needs.
Production for August:
Sales= 12,000*2= 24,000
Ending inventory= (14,000*0.25)*2= 7,000
Beginning inventory= (12,000*0.25)*2= 6,000 (-)
Total= 25,000 pounds
Americans have financial insecurity because of a low rate of personal saving and poor financial planning.
Explanation:
Most of the Americans strive in building financial security for themselves. A study by Institute for Women’s Policy Research figured out that one in 3 adults could not afford basic expenses, namely housing, food and childcare. This makes them incapable in financially preparing for future money goals, like retirement or for emergencies.
This happens majorly because the personal saving rate is very less and spending money more than that of they earn.
The following ways would help in overcoming the financial lack or insecurity,
- Set up a budget that would match the income and monthly spending
- Identify and eliminate debt - Majorly suggested way to tackle debt is the “snowball method,” (focus on the smallest debts first)
- Automate your savings - Create an emergency savings account
- Invest intelligently - this would help in upliftment of the future finances
- Secure your family’s future - invest in insurance (life insurance, health insurance)
Answer:
The correct answer is BRIC countries.
Explanation:
In general terms, BRICS is the acronym for an economic-commercial association of the five most important emerging national economies in the world. The BRICS are considered the South-South cooperation paradigm, although recently this interpretation was called into question given the contradictions between the interests of China and the other members.
All these nations have in common a large population (China and India above one thousand one hundred million, Brazil and Russia above one hundred and forty million), a huge territory (almost 38.5 million km²), which gives them dimensions continental strategies, a gigantic amount of natural resources and, most importantly, the enormous figures that have presented growth of its gross domestic product (GDP) and participation in world trade in recent years, which makes them attractive as a destination of investments.
