Answer:
d. inventory is sold at a profit
Explanation:
Net working capital increases when <u>inventory is sold at a profit</u>
Net working capital = Current Assets - Current Liabilities
. Cash, Inventory and receivables are part of current assets
Hence, when inventory is sold at profit, cash received is more than decrease in inventory and hence, current asset increase and hence, working capital increases. When it is sold at cost, it remains the same. Purchase of inventory on credit will lead to same amount increase in current assets and current liabilities. Payment by customer will lead to increase in cash and decrease in accounts receivable, Hence, no impact
Answer:
tellers at JP Morgan Chase branches.
Explanation:
The organization i.e. customer focused along with it, it is inverted organization that empowered the front line workers at the upper level of the pyramid so this organization form represent the example of the tellers at the branches of JP Morgan chase where the same thing happen
So the same is to be considered
Answer:
D: Guests must pay for any alcoholic beverages
they consume.
Explanation:
Guests in any establishment are expected to pay for any alcoholic beverages they consume. A private club is not necessary a profit-making venture, but a social or networking establishment. Membership to a private club is restricted. Members usually pay a membership to join and a regular subscription fee.
The club purchases foods and drinks served in its premises. The food and beverages are sold to members at fair prices. Members are required to pay for what they consume. Many clubs do not charge a service fee as it is catered for in the recurring subscription fees.
Answer:
1. $24,300
2. 12
3. the bond is trading at a discount.
4. $470,090.86
5. <u>Journal Entry</u>
Cash $470,090.86 (debit)
Bond Payable $470,090.86 (credit)
Explanation:
<u>1. seml-annual Interest payment</u>
Seml-annual Interest payment = ($540,000 × 9 %) ÷ 2
= $24,300
<u>2. Number of seml-annual Interest payment</u>
Number of seml-annual Interest payment = 6 years × 2
= 12
<u>3. Issue</u>
The annual market rate for the bonds (YTM) , 12% is greater than the coupon rate of the bond 9%.
The Price will be less than the par value and we say that the bond is trading at a discount.
<u>4. Computation of the Issue Price, PV</u>
PMT = $24,300
n = 12
YTM = 12 %
FV = $540,000
p/yr = 2
PV = ?
Using a Financial Calculator, the Issue Price, PV is $470,090.86
<u>5. Journal Entry</u>
Cash $470,090.86 (debit)
Bond Payable $470,090.86 (credit)