Answer:
Credit, $60,000
Explanation:
Given,
Market rate = 10%
Face value $60,000 = Principal value.
When the bonds mature, the issuer records its payment of principal with credit to cash in the amount of principal value that is $60,000 because the bondholder will pay the principal with interest.
Therefore,
Bondholder will pay the $60,000 issued amount as principal because there is an additional interest amount needs to be paid.
It is credit because it is matured on the date of cash payment.
Answer:
A group bonus system
Explanation:
In relationship-oriented cultures, group bonuses are very common, and they are not like the regular yearly bonuses given out at Christmas, specially in Japan. In Japan, there are two bonuses per year, one paid during mid-year and the other one at the end of the year. These bonuses can amount to 3-6 months worth of salary, but they are also paid to the whole group of workers. That means that either everyone in the team gets a bonus or no one does.
Relationship-oriented cultures are based upon the well being, motivation and satisfaction of the whole team.
Answer: b. can be used to purchase approximately the same amount of goods over time.
Explanation:
There are several functions of money including that it is a store of value. This means that it can be used to exchange for goods that have the same value over a period of time. For instance, $5 for a $5 plate of food.
It also means that it can be saved such that the value that it has will allow for people to be able to exchange for goods in future. This can only happen if it keeps its value over the same period of time.
Answer:
a. Inventory Turnover:
= Cost of goods sold / Average inventory for the year
= 642,400 / 210,000
= 3.06
b. Number of days' sales in inventory
= Ending inventory / (COGS / 365)
= 156,409 / (642,400 / 365)
= 88.9 days
c. Accounts receivable turnover
= Net sales / Average Accounts Receivable
= 1,022,000 / 43,000
= 23.77 times
d. Number of days sales in accounts receivable
= Accounts Receivable at year end / (Net sales / 365)
= 22,400 / (1,022,000 / 365)
= 8 days
