National income is other wise called a) Real income b) nominal income c) Gross National product d) money income

On January 1, 2018, Baddour, Inc., issued 10% bonds with a face amount of $168 million. The bonds were priced at $147.2 million

bagirrra123 [75]

Answer:

(A)Balance sheet

Bonds at September 30th

Bonds Payable 168,000,000

Discount on Bonds (20,152,000)

Interest Payable 12,600,000

Net 160,448,000

(B) Income Statment

Interest Expense 13,248,000

(C)Cash Flow Statment

Financing

Cash generate for Bonds issued 147,200,000

Explanation:

Jan 1st, 2018 168,000,000 face value

Issed at 147.2M for an effective rate of 12%

Discount of 20.8M

Bonds at September 30th

<em>accrued interest expense:</em> 147,200,000 x 12% x 9/12 = 13,248,000

<em>interest payable: </em>168,000,000 x 10% x 9/12 = 12,600,000

<em>amortization of Discount:</em> 648,000

7 0

3 years ago

McDonald's is an excellent example of a firm that simultaneously employs both a product-differentiation and a cost-leadership st

julia-pushkina [17]

Answer:

The correct answer is True.

Explanation:

Product differentiation is a competitive strategy that aims to make the consumer perceive the good or service offered by a company differently from those of the competition.

The cost leadership strategy is to find and maintain a low cost position compared to the competition, this will allow the company to obtain higher returns than the industry average.

There is a relationship between the cost leadership strategy and the possession of a high market share, this is because having a high market share allows the appearance of economies of scale and economies of experience, both contribute to reducing unit costs.

7 0

3 years ago

Read 2 more answers

Gateway Ltd sets up a company and in the first nine days of trading the following transactions occurred

valina [46]

1. The completion of the relevant ledger accounts for Gateway Ltd is as follows:

<h3>Cash Account</h3>

Date Account Titles Debit Credit

January 1: Common Stock $10,000

January 2: Inventory $4,000

January 3: Delivery Van $2,000

January 5: Sales Revenue $1,500

January 7: Accounts Payable $800

January 8: Rent Expense $200

Balance $4,500

<h3>Accounts Receivable</h3>

Date Account Titles Debit Credit

January 6 Sales Revenue $5,000

<h3>Inventory</h3>

Date Account Titles Debit Credit

January 2 Cash $4,000

January 4 Accounts Payable 1,000

January 6 Cost of goods sold $5,000

<h3>Delivery Van</h3>

Date Account Titles Debit Credit

January 3 Cash $2,000

<h3>Accounts Payable</h3>

Date Account Titles Debit Credit

January 4 Inventory $1,000

January 7 Cash $800

Balance $200

<h3>Common Stock</h3>

Date Account Titles Debit Credit

January 1 Cash $10,000

<h3>Sales Revenue</h3>

Date Account Titles Debit Credit

January 5 Cash $1,000

January 6 Accounts Receivable 5,000

Balance $6,000

<h3>Cost of goods sold</h3>

Date Account Titles Debit Credit

January 6 Inventory $5,000

<h3>Rent Expense</h3>

Date Account Titles Debit Credit

January 8 Cash $200

2. The extraction of a trial balance for Gateway Ltd is as follows:

<h3>Trial Balance</h3>

As of January 9

Account Titles Debit Credit

Cash $4,500

Accounts Receivable 5,000

Delivery Van 2,000

Accounts Payable $200

Common Stock 10,000

Sales Revenue 6,500

Cost of goods sold 5,000

Rent Expense 200

Totals $16,700 $16,700

<h3>Data Analysis:</h3>

January 1: Cash $10,000 Common Stock $10,000

January 2: Inventory $4,000 Cash $4,000

January 3: Delivery Van $2,000 Cash $2,000

January 4: Inventory $1,000 Accounts Payable $1,000

January 5: Cash $1,500 Sales Revenue $1,500

January 6: Accounts Receivable $5,000 Sales Revenue $5,000

January 7: Accounts Payable $800 Cash $800

January 8: Rent Expense $200 Cash $200

Learn more about extracting a trial balance at brainly.com/question/14604253

6 0

2 years ago

Identify each noun as a count noun or a noncount noun.<br> Tree:<br> Air:<br> Equipment:<br> Lake:

Contact [7]

Answer:

Tree: countable

Air: uncountable

Equipment: uncountable

Lake: countable

8 0

2 years ago

Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into

Sholpan [36]

Answer:

a. The amount Henrietta can deduct in the current year for investigating the possibility of expanding the hotel chain a city in the Northeast is $67,000.

b. Amount she can deduct in the current year is $2,088.88.

Explanation:

a. Determine the amount Henrietta can deduct in the current year for investigating the possibility of expanding the hotel chain.

Since the primary business of Henrietta is the hotel business, all the expenses she incurred in investigating the possibility of expanding the chain into another city is deductible in the current year despite that she decides not to expand.

Therefore, the amount Henrietta can deduct in the current year for investigating the possibility of expanding the hotel chain a city in the Northeast is $67,000.

b. Determine the amount Henrietta can deduct in the current year for investigating opening a restaurant.

Since the primary business of Henrietta is not a restaurant business, the amount she can deduct in the current year can b determined as follows:

Of the$51,000, an amount of $4,000 [$5,000 − $1,000 (reduction for excess over $50,000)] can be immediately expensed.

The balance of $47,000 ($51,000 − $4,000) is amortized over a period of 180 months at the rate of $261.11 per month ($47,000 ÷ 180) starting from May. Therefore, we have:

Amount she can deduct in the current year = Amount deductible per month * Number of months between May 1 to December 31 = $261.11 * 8 = $2,088.88

4 0

3 years ago

National income is other wise called a) Real income b) nominal income c) Gross National product d) money income​

National income is other wise called a) Real income b) nominal income c) Gross National product d) money income