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Simora [160]
4 years ago
9

The following transactions were completed by the company.

Business
1 answer:
aleksandrvk [35]4 years ago
6 0

Answer:

a.

Assets : Increase by $6,000

Liabilities : No effect

Equity : Increase by $6,000

b.

Assets : Increase by $4,500

Liabilities : No effect

Equity: Increase by $4,500

c.

Assets : Decrease $1,650

Liabilities : No effect

Equity : Decrease $1,650

d.

Assets : Increase $2,250, Decrease $2,250

Liabilities ; No effect

Equity: No effect

e.

Assets : Decrease $800

Liabilities : No effect

Equity : Decrease $800

Explanation:

a.

Recognize Revenue and Assets of Cash

b.

Recognize Revenue and Assets in Trade Receivable

c.

Recognize an expense and de-recognize the Assets of Cash

d.

Recognize Assets in Cash and de-recognize Assets in Accounts Receivables.

e.

Recognize an Expense and de-recognise the Assets in Cash

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26. Currently, Bruner Inc.'s bonds sell for $1,250. They pay a $120 annual coupon, have a 15-year maturity, and a $1,000 par val
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Answer:

2.11%

Explanation:

From the information given; we use the Excel spreadsheet to compute the  difference between this bond's YTM(Yield to maturity) and its YTC(Yield to call).

From the diagram; we will see that the

YTM(Yield to maturity) = 8.91%

YTC(Yield to call).= 6.81%

Therefore the difference between this bond's YTM and its YTC = (8.91 - 6.81)%

the difference between this bond's YTM and its YTC = 2.11%

7 0
3 years ago
Chapter 7 of the Bankruptcy Act is designed to do which of the following? a. Establish the rules of reorganization for firms wit
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Answer: c. Provide safeguards against the withdrawal of assets by the owners of the bankrupt firm and allow insolvent debtors to discharge all of their obligations and to start over unhampered by a burden of prior debt.

Explanation:

When a person or entity files for Chapter 7 Bankruptcy, a trustee is appointed that will sell off the assets of the entity to enable repayment of debt to the creditors. As such, the entity will not be allowed to touch the assets thereby providing safeguards against their withdrawals by same.

After all assets are sold, any remaining debt is forgiven so that the debtor owes no more debt. This will then given them a chance to start over without having to worry about the previous debts they accumulated.

3 0
3 years ago
Walt consumes strawberries and cream but only in the xed ratio of three boxes of strawber-
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Answer:

(d) Walt demands 12 boxes of strawberries.

Explanation:

For every 3 box of strawberries, Walt consumes 2 box of cream

=> For every 1 box of strawberry, he will consumer 2/3 box of cream

Suppose, he consumes X boxes of strawberries, then he must consume (2/3)*X boxes of cream

Cost = 10*X + 10*(2/3)*X = 200 = Income

=> 10X + 20X/3 = 200

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3 years ago
"which group of organizational participants has the most vague job description?"
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3 years ago
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Answer:

<u>licensing</u>

<u>Explanation:</u>

Licensing is another great source of income for big companies. Usually, it involves a legally binding agreement in which <em>the bigger company (</em>Licensor) grants <em>the smaller company</em> (Licensee) the right to use the licensor’s company's name or logo for an agreed fee.

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