The _____ section of a business plan should include ownership details.

Patrick Rach International issued 5% bonds convertible into shares of the company's common stock. Rach applies U.S. GAAP. Upon i

Ludmilka [50]

Answer:

The correct answer is letter "B": The proceeds of the bond issue entirely as debt.

Explanation:

Under the U.S. General Accepted Accounting Principles (GAAP) the issuance costs of bonds are ignored for reporting purposes but the amount of sales revenues is recorded as debt. The amortization of the bond can be calculated using the effective interest method or the straight-line method.

6 0

3 years ago

Sydney has worked for WillCo for the last 20 years. She just had her 60th birthday and is thinking about retirement. WillCo spon

Wittaler [7]

Answer: c. Sydney can diversify 50% of her WillCo stock.

Explanation:

Employee stock ownership plan (ESOP) is simply referred to as an employee benefit where the employees of a particular company are given ownership interest as long as some certain criteria are met.

Once the workers become qualified participants, they can diversify certain percentage of their stocks. From the 1st-5th year, a qualified participant is allowed to diversify about 25% of his or her stock account and about 50% in the 6th year.

Based on the explanation, since Sydney has worked for WillCo for the last 20 years, Sydney can diversify 50% of her WillCo stock.

5 0

2 years ago

PLEASE HELP ASAP, I NEED TO DO THIS BUT DONT KNOW HOW TO. Describe how free markets solve the problem of coordination. Why do co

Strike441 [17]

The advantage of a free market economy is that when it works it can both be reward and perpetuate innovation But they are inherently more risky and does tend to favor those more capital and resources . In an Economic make system with multiple equilibria coordination failure occurs when a group of firms could achieve a more desirable equilibrium but fail to because they do not coordinate their decision making

6 0

2 years ago

Someone who provides you with recommendations related to your money and investments would be called a...

IgorC [24]

Investor is the answer. Hope this helps!

3 0

3 years ago

LeMay Department Store uses the retail inventory method to estimate ending inventory for its monthly financial statements. The f

Nutka1998 [239]

Answer:

Cost to retail ratio = 57.05%

Explanation:

Particulars Cost Retail

Beginning Inventory $46,000 $66,000

Add: Purchases $213,000 $406,000

Less: Purchases Return $7,000 $9,000

Freight In $15,558 -

Net Markups - $6,400

Good Avail. for Sales (Without markdowns) $267,558 $469,000

Cost to retail ratio = $267,558/$469,000

Cost to retail ratio = 0.570486

Cost to retail ratio = 57.05%

6 0

3 years ago