Answer:
Cash Interest payable on Bond = $399,000*4.5% = $17,955
Discount to be amortized = ($399,000-$394,000)/20 = $250
Interest expense = $17,955+$250 = $18,205
Date Journal Entry Debit Credit
Interest Expense $18,205
Discount on bonds payable $250
Cash $17,955
Answer:
Option A. real GDP and the price level.
Explanation:
Option “A” is correct because the change in money supply (say increase) will decrease the interest rate and that will result in an increase in investment and more investment will generate more jobs and more money in consumers’ hands. Thus, they will stimulate the spending and aggregate demand will increase. Resulting in the rise in price and rise in real GDP. therefore, option A is right.
Answer:
e. $ 282,000
Explanation:
To determine the assets of the company at year end, we need to find the equity at year end, this is calculated as follows:
Opening Equity $ 145,000
Net Income for the year $ 45,000
Revenues $ 210,000
Expenses $ 165,000
Equity at end of year $ 190,000
The accounting equation is
Assets = Liabilities + Stockholders' Equity
Assets = $ 92,000 + $ 190,000 $ 282,000
NATURAL DISASTERS <span>present the largest risk for an organization's infrastructure loss.</span>
Answer:
I. Disruption of business activities
II. Severe losses
III. Reduced customer patronage
IV. Reduced revenue
V. Loss of customer loyalty
Explanation:
I. Disruption of business activities: The Sit-ins affected business activities in the businesses as the protesters have to take up spaces for other paying customers preventing effective service delivery to the other customers.
II. Severe losses: The businesses involved incurred high levels of losses as they lost slot of revenue from unused or unsold foods are
III. Reduced customer patronage: Customer patronage dropped as other paying customers have to boycott the businesses affected.
IV. Reduced revenue: Reduced revenue as a result of reduced patronage from the customers.
V. Loss of customer loyalty: When a business does not offer the desired services to its customers caused either through service disruption, other other factors it will most likely lead to reduced number of loyal customers.
