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castortr0y [4]
3 years ago
15

Several years ago, Walters Company issued bonds with a face value of $1,000,000 at par. As a result of declining interest rates,

the company has decided to call the bond at a call premium of 5 percent over par. Record the retirement of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Business
1 answer:
Pavel [41]3 years ago
8 0

Answer:

Walter company Journal $

Date

Bond investment Dr 1,000,000

Bond premium Dr 50,000

Bank Cr. 1,050,000

Narration. Bond retirement at a premium of 5% over par.

Explanation:

The bond investment account is kept fixed at the amount at which it was subscribe, the corresponding interest are debited to income statement on payment to the bond holders.

In the same vein the retirement of the bond at a premium represents an expenses to the firm which has to be debited to the income statement on payment to the bond holders.

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"Other things equal, when the price of a good rises, the quantity demanded of the good falls, and when the price falls, the quan
Daniel [21]

Answer:

d. All of the above are correct

Explanation:

Demand refers to the quantities of a product that buyers are willing to purchase at a given price over time. The relationship between demand and price is explained in the law of demand. The law asserts that everything else remaining constant, the demand for a product is indirectly related to its price.

The demand curve illustrates the relationship between price and demand for a service or product. The curve is downward sloping showing how the quantity demanded changes with changes in price. Most goods will behave as per the demand curve. However, inferior goods tend to behave differently. An increase in income reduces the demand for an inferior product.

6 0
3 years ago
When buying highly technical, few-of-a-kind products such as hydroelectric power plants, governments have found that general con
Lubov Fominskaja [6]

Answer:

Cost-plus-fixed-fee pricing

Explanation:

Cost-plus-fixed-fee pricing is when the contractor specifies the expenses of a project and a fixed fee for the services that provides which allows the contractor to earn a profit. In this type of pricing, the overall cost of the project  is determined at the end and all the authorized costs are paid to the contractor in full. According to this, the answer is that these contractors use cost-plus-fixed-fee pricing to compensate them for any cost overruns.

7 0
3 years ago
You have a portfolio that is invested 14 percent in Stock R, 50 percent in Stock S, and the remainder in Stock T. The beta of St
pantera1 [17]

Answer:

1.41 Approx

Explanation:

The computation of the beta for the stock T is shown below:

Beta of portfolio = Respective betas × Respective investment weights

1.30 = (0.14 × 0.81) + (0.5  × 1.36) + (0.36 ×  beta of the Stock T)

1.30 =0.7934 + (0.36 ×  beta of the Stock T)

beta of the Stock T = (1.3 - 0.7934) ÷ 0.36

= 1.41 Approx

We simply multiplied the beta of each stock with its investment weights order to calculate the beta of the stock T as portfolio beta is given

8 0
3 years ago
much to the chagrin of established firms, one clear supertrend is that products and services must get to market faster because
Anton [14]

Much to the chagrin of established firms, one clear super trend is that products and services must get to market faster because "more competitors are offering targeted products."

This is because it has been observed that several start-ups firms offer similar products to what the established firms are had as a business idea. Not only that, but they also target the same group of consumers.

Therefore, to remain top of the game and beat the startups out of business, the established firms must ensure their business ideas are quickly turned into products or services and get to the market faster.

Otherwise, the startups will take over their business ideas and a huge part of their targeted consumers.

Hence, in this case, it is concluded that the established firms must be proactive if they want to remain above the rest of their competitors.

Learn more here: brainly.com/question/17557971

5 0
2 years ago
Scenario: You are an American Red Cross Disaster Program Specialist in charge of teams trained to help in sheltering displaced p
lawyer [7]

Answer: NIMS management characteristic Accountability is there in this situation.

Explanation:

The National Incident Management system controls major incidents and coordinates with the person to overcome such incidents based on some management characteristics. Accountability is one such characteristic where the check-in and check out are included.

Therefore, in the above situation, the Principle of Accountability is the management characteristic. According to the principle of Accountability, the manager is responsible to coordinate with the resources. It includes, checks in and check- out, personal responsibility, unity of command, etc.

7 0
3 years ago
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