Answer:
Journal Entry
March 1
Dr. Cash $4,550,000
Dr. Discount on Note Payable $450,000
Cr. Note payable $5,000,000
December 1
Dr. Interest Expense $450,000
Cr. Discount on Note Payable $450,000
Dr. Note payable $5,000,000
Cr. Cash $5,000,000
Explanation:
Note payable is document which is payable after a specific period of time.
Note Payable is recorded at the present value of the note face value. We need to discount the face value of the note first.
Interest on the bond = $5,000,000 x 12% x 9/12 = $450,000
On December 31 Interest expense will be recorded and Payment of Note is made.
Answer:
B. singing a writing communicates the seriousness of the occasion to the singer
Answer:
$40,000
Explanation:
Holders of preferred stocks are given preference in terms of dividend distribution. However, the amount of dividend that they will share in the $65,000 dividends declared by the board of directors is only limited to 5% of the total par value (5,000 shares x $100 = $500,000) of preferred stocks, which in this case is only $25,000 ($500,000 x 5%). After deducting the dividends for preferred stocks, the remaining dividends of $40,000 ($65,000 - $25,000) will be distributed to holders of common stocks.
Answer: B. collaboration
Explanation:
Corporate office collaborates with communities, counties and government to make life better and to improve the welfare of citizens.
Answer:
The marketing positioning in play is a Brand promise.
Explanation:
A brand promise is a statement usually short that communicates what the customers expect from the brand. It is a kind of assurance to the customer that the brand will fulfill their proclaimed statement. The promise can be value satisfaction or even a given experience. A brand promise is a very crucial marketing strategy that needs to be chosen carefully. Most brands always choose to formulate a brand promise that is distinct, this helps the customers to remember it easily. It should be kept short and straight-forward. Research has shown that the nature of a brand promise reflects on the number of customers one attracts. A unique brand promise can set a firm above the competition.
In our case, Alan uses the tagline, "The best sunsets in the park". This is a typical example of a brand promise. Since Alan runs a residential lodge in a national park, he alludes that his lodges have the best sunsets in the park. This makes his lodging business unique since he has made a promise to the customers that if they are to experience the best sunsets, Alan's residential lodge will be the best option.
