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4 years ago

Evaluate the following two statements:_________

Business

1 answer:

Olenka [21]4 years ago

4 0

Answer:

I. True. Bond is an corporate's liabilities rather than an equity. Thus, the bond issuance is liable to its bond's holders to pay the promised interest expense on-time and in full amount being promised at the time of issuance regardless of their business's performances.

II. False. When the bonds are issued at a premium, annual interest expense will be lower. The Premium amount will be credited at first and then being allocated through out the bond's life time ( debited). This will reduce the amount of interest expense being recorded during the year of bond's life time.

Explanation:

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______________ is/are an example of a detective control. a. Physical access controls b. Encryption c. Log analysis d. Emergency

dedylja [7]

Answer:

Explanation:

Detective Control: An accounting term used to find problems within a company's processes

Log Analysis is a computer management system that logs records. This log analysis records everything, so if there is an ongoing problem, it will be recorded. Once its recorded and known, a solution can be provided.

7 0

3 years ago

Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakl

Leviafan [203]

Answer and Explanation:

The computation is shown below:

a. The inventory turnover is

= Cost of Goods Sold ÷ Average Inventory

= $351,050 ÷ ($170,000 + $125,000) ÷ 2

= $351,050 ÷ $147,500

= 2.38 times

b. Now days in inventory is

= 365 ÷ inventory turnover ratio

= 365 ÷ 2.38 times

= 153.36 days

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3 years ago

average cost retail method to estimate inventories. Data for the first six months of 2021 include: beginning inventory at cost a

scoray [572]

Answer:

$70,765

Explanation:

cost retail

beginning inventory $64,500 $123,000 52.44%

net purchases $315,000 $483,000 65.22%

sales during the first six months totaled $493,000.

we must first determine the cost of goods sold:

COGS = [(cost beginning inventory + cost net purchases) / (retail beginning inventory + retail net purchases)] x total sales = [($64,500 + $315,000) / ($123,000 + $483,000)] x $493,000 = ($379,500 / $606,000) x $493,000 = $308,735

ending inventory = cost beginning inventory + cost net purchases - COGS = $64,500 + $315,000 - $308,735 = $70,765

8 0

4 years ago

Goods held on consignment are Select one: a. included as part of no one's ending inventory. b. included in the consignee's endin

Serhud [2]

Answer:

d. never owned by the consignee.

Explanation:

The consignor is the business that gives merchandise to the consignee so that it can sell it. The consignor is the owner of the merchandise that is given in consignment, not the consignee. This merchandise must be reported in the consignor merchandise inventory in the balance until it is sold. Once it is sold, an accounts receivable is created.

5 0

3 years ago

To prepare a cvp graph, lines must be drawn representing total revenue, ______.

Maurinko [17]

The preparation of the CVP graph requires drawing a line representing the total revenue, total expense, and total fixed expense.

<h3>What is the CVP Graph?</h3>

The CVP Graph, also known as a cost volume profit chart, is a graphical illustration that depicts the link between production costs and overall revenues.

The CVP graph is used by businesses to determine the possible impact of changes in volume sales on production process costs and total earnings.

In this scenario, the graph considers the total revenue, total expense, and total fixed expense.

Learn more about the CVP graph here:

brainly.com/question/26411668

8 0

2 years ago