A market-oriented organization targets its products at "everybody" or "the average customer."

On January 1, 2017, Brussels Enterprises issues bonds at par dated January 1, 2017, that have a $3,400,000 par value, mature in

Crazy boy [7]

Answer:

cash 3,400,000 debit

bonds payable 3,400,000 credit

--to record issuance--

interest expense 153,000 debit

cash 153,000 credit

--to record first interest payment--

interest expense 153,000 debit

cash 153,000 credit

--to record second interest payment--

bonds payable 3,400,000 debit

interest expense 153,000 debit

cash 3,553,000 credit

--to record last interest payment and maturity --

Explanation:

interest expense for the bonds semianual payment

3,400,000 x 9% x 1 / 2 = 153,000

on maturity will have the interest and principal as cash outlay and we write-off thebonds payable account

7 0

3 years ago

YES Bank has developed unique product proposition extending the entire benefit of the advancement in the payments landscape to t

Stells [14]

Answer:

Net banking

Explanation:

Net banking is also called internet banking or online banking. It is targeted at customers who prefer to do their transactions from the comfort of their home. Rather than coming to the bank to perform transactions.

Various types of transactions are available on the net banking platform such as bank statement, bill payments, money transfers, and even booking of fixed deposit.

YES Bank platform provides online confirmation along with instant settlement for payments making cash flow forecasting easier and precise to the last minute.

They are providing net banking services to their clients.

6 0

3 years ago

On January 1, Year 1, Milton Manufacturing Company purchased equipment with a list price of $31,000. A total of $2,800 was paid

spayn [35]

Answer:

the amount of depreciation for Year 1 is $3,948

Explanation:

Step 1 : Determine Cost of Equipment

<em>Cost according to IAS 16 means purchase price plus other costs directly incurred in bringing the asset to location and condition of use as intended by management.</em>

Purchase Price $31,000

Installation and testing $2,800

Total Cost $ 33,800

Step 2 : Determine the depletion rate

Depletion rate = (Cost - Salvage Value) ÷ Estimated Production

= ($ 33,800 - $5,600) ÷ 100,000 units

= 0.282

Step 3 : Determine the Depreciation Expense

Depreciation Expense = Depletion rate x Units Produced

= 0.282 x 14,000 units

= $3,948

Conclusion

the amount of depreciation for Year 1 is $3,948

7 0

3 years ago

A financial organization commonly has employees switch duty responsibilities every six months. What security principle are they

Andrew [12]

Answer: They are applying a task separation policy that indicates that employees must change their roles regularly

Explanation: This change management helps to reduce the planned interruptions of the changes, so that everyone learns all the tasks and in case of a resignation, have the solution to fill the position and train new employees.

8 0

3 years ago

which type of exporting has the least amount of commitment and risk but will probably return the least profit

marshall27 [118]

Answer: Indirect Exporting

Explanation:

Indirect exporting describes a scenario where an entity exports to another country through an intermediary. They essentially sell to this intermediary and this intermediary then sells to consumers in other countries.

Much like investment banks underwriting stock, this type of exporting has very little risk and commitment attached because it simply involves one selling everything to an intermediary. The company exporting has therefore absolved itself of further risk which will then be incurred by the intermediary. t

The intermediary will however buy the goods at a discount due to the risk they take on. As a result, this gives less profit.

4 0

3 years ago

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