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Degger [83]
3 years ago
13

of Spartan's fiscal year ends on December 31. On October 1, 2017, the city issued $1,000,000 of 6%, 10-year term bonds with semi

-annual interest payments due on March 1 and October 1 each year, beginning on April 1, 2018. What amount of expense should the city recognize in its governmental activities journal for the years 2017 and 2018?
Business
1 answer:
babymother [125]3 years ago
3 0

Answer:

$0 in 2017

and $60,000 in 2018

Explanation:

In 2017 the bond is issued after on October 1, 2017, No expnses was accrued so, there will be no expense in 2017.

In 2018 the expense of $30,000 is accrued on March 1 and October 1 .

Interest Expense = 1,000,000 x 6% x 6/12 = $30,000

Total Expense  = March 1, 2018  + October 1, 2018 = $30,000 + $30,000 = $60,000

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Crossroad chooses to report a financial asset at its fair value. The asset trades in two different markets; however, neither mar
Alex

Answer:$81

Explanation:

The options given are:

a. $76

b. $80

c. $81

d. $82

If the principal market that is, the market that the greatest volume of activity can't be identified, then the most advantageous market would be used to determine the fair value of a financial asset.

The most advantageous market is the market that has the highest net price, after transaction cost has been considered even though the transaction costs is not included into the fair value. Therefore, the second market gives the highest net price of $80 after the consideration of the transaction costs, hence, it should be utilized for fair value purposes.

The fair value amount include the transaction costs, which give $80 + $1 = $81

The fair value amount is $81.

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3 years ago
Universal containers(us) has an integration with its accounting system that creates tens of thousands of orders inside salesforc
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Answer:

Process builder with an Autolaunched Flow.

Explanation:

This builder here save your users’ time and make sure required tasks are being done. It also improves the quality of your data. Making you the superhero of Universal containers as a whole which your company deserves.

Secondly, these practices are often unique to your business, which makes it hard to find an out of the box solution that exactly meets your requirements. Maybe your company is a high touch call center with specific scripts that your agents need to follow based on a customer’s account data. Maybe you have a practice in place where your salespeople should always, always, create a work order after a deal closes. Or maybe you have a task that your users do over and over and over again, and if you can find a way to shave a few minutes off that task, you can save hundreds of person hours over the course of a year.

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Goal contagion is a form of norm setting in which people adopt a goal held by others. goal contagion is more likely in what circ
valentina_108 [34]

Answerthe answer is d

Explanation:

please  give me brainiest

6 0
3 years ago
Suppose a perfectly competitive firm produces 40 units of output per-period (e.g., daily) and sells all units for the market pri
Komok [63]
The correct answer for the question that is being presented above is this one: "F. i and iii" Then the firm is maximizing total profit by producing and selling 40 units of output and <span>earns a per-period total profit of $240 </span>

Here are the choices:
A. i
B. ii
C. iii
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3 years ago
Float is important in the cash conversion cycle of a firm because​ ________. A. its presence reduces the investment that a firm
Bad White [126]

Answer:

Option D. Its presence lengthens both a firm's average collection period and its average payment period

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The increase in the float, increases the investment in the working capital so the Option A is incorrect

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