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3 years ago

A broken white line between lanes on the roadway means

2 answers:

8 0

B: You May change lanes with due care

Because -

WHITE LINES- painted on the pavement indicate traffic traveling in your direction. Broken White Line- you may change lanes if it is safe to do so.
Solid White Line- requires you to stay within the lane and also marks the shoulder of the roadway.

IgorLugansk [536]3 years ago

5 0

Answer:

Explanation:

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Hoffman Corporation retires its bonds at 106 on January 1, following the payment of semiannual interest. The face value of the b

Ipatiy [6.2K]

Answer:

B. credit of $4,200 to Gain on Bond Redemption

Explanation:

face value 400,000

callable at 106

cash disbursements 400,000 x 1.06 = 424,000

carrying value (after discount or premium) 419,800

as is higher than face value the onds have a premium for 19,800 dollars

result at redemption:

book value - market value

419,800 - 424,000 = 4,200

Journal entry

Bonds Payable 400,000 debit

Premium on BP 19,800 debit

Cash 424,000 credit

Gain on Bond of Redemption 4,200 credit

This makes B option correct.

7 0

3 years ago

The free enterprise system is a type of economy that:

neonofarm [45]

Answer:

B. allows businesses to operate without much government

interference.

Explanation:

The free enterprise system is an economic model where government participation is minimal. The private sector owns the majority of factors of production. The laws of supply and demand determine market prices, the type, quality, and quantity of goods to be availed for sale.

The government's role is mainly regulatory. Buyers and sellers have the freedom to choose what to sell or buy. Profits are a big motivation to do business under the free enterprise system.

3 0

3 years ago

Financial accounting primarily provides information to which group of decision makers?

Anastaziya [24]

Answer:

A) investors

Explanation:

The main aim of financial accounting to provide information to the investors( existing and would-be) about the performance and position of the business at a particular point in time.

Performance relates to net income earned while the position is about the net assets of the company which is an offshoot of all the assets owned and liabilities(obligations) owed to other parties

4 0

3 years ago

Suppose that from a new checkable deposit, First National Bank holds two million dollars in vault cash, eight million dollars on

Arada [10]

Answer: It has 1 milion dollars in required reserves

Explanation:

Tot. Res = Vault cash + Deposit with Federal Reserve

Tot. Res = 2 million dollars + 8 million dollars = 10 million dollars

Total reserves are the sum of excess reserves and required reserves .

Tot. Res. = Exce. Res. + Req. Res.

10 million dollars = 9 million dollars = Req. Res.

Req. Res. = 10 million dollars- 9 million dollars.

Req. Res. = 1 million dollars.

4 0

3 years ago

Take It All Away has a cost of equity of 10.54 percent, a pretax cost of debt of 5.27 percent, and a tax rate of 35 percent. The

bogdanovich [222]

Answer:

Explanation:

WACC is the average cost of capital of the firm based on the weightage of the debt and weightage of the equity multiplied to their respective costs.

According to WACC formula

WACC = ( Cost of common stock x Weightage of common stock ) + ( Cost of preferred stock x Weightage of preferred stock ) + ( Cost of debt ( 1- t) x Weightage of debt )

As WACC is calculated using Market values.

Company Value = 100%

Value of Debt = 28%

Value of Debt = 100% - 28% = 72%

WACC = ( 10.54% x 72% ) + ( 5.27% x 28% )

WACC = 7.59% + 1.48% = 9.07% = 9% (rounded off)

6 0

3 years ago