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3 years ago

Legal obligations that carry punishments, if not followed, are ____?

1 answer:

4 0

Legal obligations that carry punishments, if not followed, are liabilities.

Liabilities are wrongfully binding obligations that are collectible to a different person or entity. Settlement of a liability is often accomplished through the transfer of cash, goods, or services. A liability is hyperbolic within the accounting records with a credit and shrunken with a debit.

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On January 1, a company issues bonds dated January 1 with a par value of $380,000. The bonds mature in 5 years. The contract rat

Pavlova-9 [17]

Answer:

See explanation

Explanation:

Selling Price of Bonds =396,210

Journal Entry

Date Account Title and Explanation Debit Credit

1 Jan Cash $396,210

Bond payable $380,000

Premium on bond payable $ 16,210

(To record issuance of bond)

Working

Premium On Bonds Payable = Selling Price of Bonds - Value of Bonds

= $396,210 - $380,000 = $ 16,210

Interest payment:

Semi-annual interest = 7%× 380,000× 1/2 =13,300

Date Account Title and Explanation Debit Credit

June 30 Bond interest expense $13,300

Cash $13,300

(To record semi annual interest paid on bond)

4 0

2 years ago

If Young Explorers realizes that Gabby reacts better to social media than traditional marketing methods because of the ability t

stiv31 [10]

Answer:

The correct answer is c. Time to delivery .

Explanation:

Obviously, the information will reach people more quickly and accurately, since contact is direct, which is not possible in traditional media such as a television commercial. One of the main advantages is that due to direct contact, it is possible to influence the purchase decision using persuasion techniques widely known in the field of marketing. Young Explorers should focus on these new media in order to attract potential buyers in the future.

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3 years ago

Read 2 more answers

Please calculate GDP using the following information: Government purchases - $200 billion Depreciation - $60 billion Investment

Pepsi [2]

Answer:

The GDP is $860 billion.

Explanation:

The gross domestic product (GDP) can be calculated using the expenditure approach formula as follows:

Y = C + I + G + (X - M) ....................................... (1)

Where:

Y = GDP = ?

C = Consumption = $600 billion

I = Investment - $80 billion

G = Government purchases = $200 billion

X = Exports = $100 billion

M = Imports = $120 billion

Substituting the values into equation (1), we have:

Y = $600 + $80 + $200 + ($100 - $120) = $860 billion

Therefore, the GDP is $860 billion.

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2 years ago

On December 31, Hawkin's records show the following accounts. Equipment $ 3,000 Cash 2,400 Rent Expense 1,500 Accounts Receivabl

tino4ka555 [31]

Answer:

$5,800

Explanation:

Calculation to prepare a December income statement for Hawkin.

INCOME STATEMENT

Revenues:

Services revenue $16,000

Expenses:

Rent expense $1500

Wages expense $8000

Utilities expense $700

Total expenses $10200

Net income $5800

($16,000-$10,200)

Therefore December income statement for Hawkin is $5,800

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3 years ago

Leroy ordered a DVD player for his son's birthday. While the manufacturer guaranteed that it would ship the player within ten bu

mart [117]

Answer:

C. Leroy and the manufacturer have joint title

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3 years ago