Answer:
the company should enter into a forward contract.
Explanation:
Based on the information provided within the question it can be said that the in order to achieve this the company should enter into a forward contract. This is a type of contract entered by two parties in which one is obligated to buy while the other is obligated to sell at a fixed price and at a future date regardless of changes in circumstances or economy. Therefore reducing the market risk that they buyer is exposed to.
Answer:
d) 6.53 days late as the days sales outstanding are longer than the 45-days credit given by the company
Explanation:
A/R turnover ratio
days sales oustanding:
45 - 51.53 = 6.53
Answer:
marketability is not correct
Explanation:
Four characteristics of service are;
intangibility,
inseparability,
variability and.
perishability.
Answer:
The correct answer is letter "A": employed.
Explanation:
Employment is the state in which an individual works independently or for someone else and obtains compensation for the duties performed regardless of the number of hours or days by week that person works. Employment could be informal (usually when the employee does not have payroll benefits) or formal (when the company that person works for offers employees wage, health benefits and a specific number of working hours per week).
The bond issuance should be recorded as the bond issued with discount. There is a difference between the bond's par value and its selling price. If a bond sold below its par value, a discount will appear as the difference between them. For the journal entry, there will be a debit balance in cash account for $1,864,097, debit balance in the discount of the bond payable account for $ 135,903, and credit balance in the bond payable account for $2,000,000.
