Answer and Explanation:
The journal entries are shown below:
1. Cash Dr $1,000,000
To Bond payable $1,000,000
(Being the issuance of the bond is recorded)
For recording this we debited the cash as it increased the assets and credited the bond payable as it also increased the liabilities
2. Interest Expense Dr ($1,000,000 × 5% × 1 ÷ 2) $25,000
To Cash $25,000
(Being the interest expense is recorded)
For recording this we debited the interest expense as it increased the expense and credited the cash as it decreased the asset
Answer: True
Explanation:
Proper planning without control is futile, this is because a blue print may have been put in place in the planning process but it becomes imperative for management to set up institutions or machineries to ensure that plans are executed as expected and there are remedial actions or plans in place in the event when unexpected events come up to distort achievement of the goal.
Proper control leads to achievement of organizational goals.
Answer:
Positive effect advertisement
Explanation:
Base on the scenario been described in the question, the effect of the Ocean fresh because of the positive effect advertisement. This so because he discovered that ocean fresh is more cheaper and has almost the same price with that of stainz-out.
We can define positive advertisement as some kind of marketing strategies which show the target population all the positive effects which one can receive due to any particular product or service
Answer:
<em>Options Include:</em>
A. $20,000
B. $16,800
C. $18,200
<em>D. $21,800 is Correct</em>
Explanation:
Interest income for a bond provided at a discount is equal to the total of both the periodic cash flows as well as the value of the amortized bond discount during the interest duration.
Periodic cash flows are equivalent to $20,000 ($500,000 death benefit multiply by 8 percent coupon rate multiply 1/2 year). The amortization for the discount is provided as $1,800.
<em>Income for the six-month period from July 1 to December 31, Year 4, is therefore $21,800 ($20,000 + $1,800).</em>
Answer: The correct answer is choice b.
Explanation: Location is very important for businesses. Of the options presented, the only one that is incorrect is choice b - Once management is committed to a specific location, many costs become easy to reduce. This choice is incorrect. Even though management is committed to a location, it does not mean that it is easy to reduce costs. Even though they are committed to a location, it may be impossible to reduce costs.
