To record final annual interest and bond repayment:
2017
Mar 1
Bonds interest expense $25,400
Bonds payable $254,000
Cash $279,000
On March 1, 1997, the date of issuance, the entry is:
1997
Mar 1
Cash $254,000
Bonds payable $254,000
On each March 1 for 10 years, beginning March 1, 1997 (ending March 1, 2017), the entry would be (Remember, calculate interest as Principal x Interest Rate x Time)
Mar 1
Bond Interest Expense ($100,000 x 12% x 1) $25,400
Cash $25,400
Answer: 35.29%
Explanation:
Municipal Bonds are attractive in that they give the tax benefit of being tax exempt whereas a corporate bond is liable for taxation. The tax rate that will therefore make an investor indifferent between the two bonds is the one that will equate the Corporate bond's yield net of tax to the yield on the Municipal bond.
5.5% = 8.5% * ( 1 - x)
5.5% = 8.5% - 0.085x
0.085x = 8.5% - 5.5%
0.085x = 3%
x = 35.29%
Answer: b
Explanation: i just did it on my test and got B
Answer:
If the span of management is wide, <u>Fewer</u> levels are needed, and the organization is <u>Flat</u>. If the span of management is narrow, <u>More</u> levels are needed, and the resulting organization is <u>Tall</u>.
Explanation:
Span of control is the number of personals working under a single Designation.
If their are greater number of employees working under a single designation then the hierarchy chart is wider in length, that's the reason we also say that the organization is flat. Due to these increased number of employees working under single designation, there is lower number of levels in such organization. It is also one of the main reason the employees turnover is very high because there are fewer chances of promotion in flat organizations. The number of candidates for the promotion are higher in the organization.
On the other hand, if their are lower number of employees working under a single designation then the hierarchy chart is taller in length, that's the reason we also say that the organization is flat. Due to these lower number of employees working under single designation, there is higher number of levels required in such organizations. It is also one of the main reason the employees turnover is very low because there are higher chances of promotion in tall organizations. The number of candidates for the promotion are fewer in the organization.
Answer: contingency
Explanation:
Contingency planning is a form of planning that is used by an organization in order to plan ahead in case an event occurs. Contingency plans can also be called a 'Plan B' due to the fact that it's an alternative action in case things does not go as planned.
Therefore, based on the question, Pinnacle is practicing contingency planning.
