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irga5000 [103]
3 years ago
13

Hillside issues $2900000 of 9% 15-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. T

he bonds are issued at a price of $3549590.
Business
1 answer:
DaniilM [7]3 years ago
3 0

Answer:

Dr. Cash                                                 $3,549,590

Cr. Premium on Account Receivable  $649,590

Cr. Bond Payable Account                   $2,900,000

Explanation:

The difference between the face value of the bond and the sale value of the bond is known as premium or the discount on the bond. If the face value is higher from the sale value the bond is issued on the discount and if the sale value of the bond is higher than the face value the bond is issued on the premium.

Premium on the Bond =  Face value - Sale value = $3,549,590 - $2,900,000  = $649,590

The Premium will be amortized during the life of the bond  to maturity and deducted from the interest expense.

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A strength of generation x managers is likely to be their multiple choice loyalty to the firm. individualistic approach to probl
lianna [129]

The strength of GENx managers may be their capacity to give feedback to workers. Maslow thought that the desire to meet unfulfilled wants served as the foundation for motivation.

<h3>What characterizes a competent manager?</h3>

In addition to leading teams and fostering their growth, excellent managers are also able to fully control their company's operations and performance. These are the individuals who consistently adapt to new circumstances, inspire others to realize their greatest potential, and produce their finest work.

Employee morale is raised and motivation for the job is increased thanks to feedback. It is an inherent attribute of a manager to be able to receive feedback from his staff.

Therefore, choice 3 is the appropriate response to the statement.

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3 0
2 years ago
Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3
UkoKoshka [18]

Answer: $66,810,000

Explanation: take the balance at the beginning of the year add it to the net income from statement of comprehensive incomes then minus the cash dividends declared from the total of the beginning balance and net income then get the retained balance at the end of the 20Y3 year  of 66 810 000.

The stock dividends of 2,600,000 have two accounts involved which is stock( inventory) and dividends declared which is an liability.

  Sumter Pumps Corporation        

         

   retained income statement for the year ending 31 december 20Y3      

         

balance 01/jan/20Y3      $59,650,000      

         

CHANGES IN EQUITY          

Net Income      8,160,000    

dividends paid and declared          

Cash dividend      1,000,000    

stock dividend      0    

         

balance 31 dec 20Y3      $66,810,000      

4 0
3 years ago
From a macroeconomic point of view, which is not an example of a source for funds when governments are borrowers?
Likurg_2 [28]

The correct option is (A) central bank prints more money.

Indian nationalised banks include Central Bank of India. One of India's oldest and biggest nationalised commercial banks, it is owned by the Ministry of Finance, the country's government. Its headquarters are in Mumbai, the financial and administrative centre of the Indian state of Maharashtra.

The health of the financial system, as well as economic and monetary policy, are all under the control of central banks. These organisations regulate a nation's money supply and set interest rates. One of the most potent central banks in the world is the U.S. Federal Reserve.

Disclaimer

When governments are borrowers in financial capital markets, which of the following is least likely to be a possible source of the funds from a macroeconomic point of view?

A. central bank prints more money

B. increase in household savings

C. decrease in borrowing by private firms

D. foreign financial investors

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6 0
2 years ago
A variable like the Fed's discount rate, the rate charged by the federal reserve on borrowed money by banks, is an example of wh
otez555 [7]

Answer:

A policy instrument (variable directly under the control of policy makers)

Explanation:

The Fed's discount rate is a monetary policy tool used to expand or contract the money supply.

When the Fed lowers the discount rate, it is engaging in an expansionary monetary policy which will increase the money supply, lower interest rates and increase total aggregate demand.

When the Fed raises the discount rate, it is engaging in a contractionary monetary policy which will decrease the money supply, increase interest rates and fight rising inflation.

3 0
3 years ago
Which of the following events directly involves the Federal Reserve?
navik [9.2K]

The correct option is D. You withdraw cash from your bank account which is an event that directly involves the Federal Reserve.

The Fed removes limits on house loans for borrowers who have student loan debt in an effort to spur economic development.

<h3>What events led up to the Federal Reserve law?</h3>

The frail banking system was devastated by bank runs following a particularly bad panic in 1907, which finally prompted Congress to draft the Federal Reserve Act in 1913. In the beginning, the Federal Reserve System was established to deal with these banking panics.

The Federal Reserve carries out general duties such as managing the country's monetary policy, supervising banking institutions, observing and defending consumer credit rights, preserving the stability of the financial system, and offering financial services to the federal government of the United States.

Thus, D is the right answer. You take money out of your bank account, which is a situation where the Federal Reserve is involved directly.

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3 0
1 year ago
Read 2 more answers
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