Answer:
Date Account titles and explanation Debit Credit
1-1-21 Bond interest payable $46,000
Cash $46,000
(To record payment of interest)
1-1-21 Bond payable $155,000
Loss on redemption bond $15,500
(155,000/100*10)
Cash $170,500
(To record bond redemption)
31-1-21 Interest expenses $36,450
Bond interest expenses $36,450
(560,000-155,000)*9%
(Adjusting entry to accrue the interest on the remaining)
Answer: Reach out to her Medicaid for their programs
Explanation:
There are programs that are set up to assist retiree's. Mrs Park should reach out to her state Medicaid agency and enquire if she is qualified for the programs they run which would assist her income.
After a recession when the economy starts to expand again, firms tend to increase share repurchases faster than they increase dividends.
An economy is the area of production, distribution, trade and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.
Economy is defined as the management of community, business, or family financial matters. An example in economics is the US stock market system.
The economy is the system in which goods are produced and exchanged. Without a viable economy, the nation will collapse. There are three main types of economy: free market, command economy and mixed economy.
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Answer:
Which of the following transactions are examples of prepayments that will require an adjustment at the end of the accounting period on December 31? (Select all that apply.)
B. A company pays a 6-month insurance premium at the beginning of October.
D. A company pays for 4 months of advertising in the Wall Street Journal on November 1.
Explanation:
B. A company pays a 6-month insurance premium at the beginning of October.
Record expenses for 3 months. Oct-nov-dec. Otrher 3 months are prepaid expenses.
D. A company pays for 4 months of advertising in the Wall Street Journal on November 1.
Record expenses for 2 months. Nov-Dec. Other 2 months are prepaid expenses.
Answer:
B. In the long run, a change in the nominal exchange rate brings an equivalent change in the real exchange rate.
Explanation:
As we know that in the short run there is a decline in the nominal exchange that results in a decrease of real exchange rate due to which there is a reduction of the import and the export is risen.
But in the case of the long run, if there is a change in the nominal exchange rate so the real exchange rate would remain the same
This results that if there is a change in the nominal exchange rate so it would not bring the equal change in the real exchange rate
Hence, option B is incorrect
