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Feliz [49]
3 years ago
9

1) Show the effect of the following transactions on the Accounting Equation:

Business
1 answer:
Dennis_Churaev [7]3 years ago
6 0

Answer:

Assets=48,000

Liabilities=47,700

Capital=300

More explanations is as attached.

Explanation:

The accounting equation can be expressed as shown;

A=L+C

where;

A=assets

L=liabilities

C=capital

This is then written as;

Assets=liabilities+capital

More explanations is as attached.

Download xlsx
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On January 1, 2021, Frontier World issues $40.6 million of 8% bonds, due in 15 years, with interest payable semiannually on June
kolbaska11 [484]

Answer:

The issue price of the bond is $44,330,000

Explanation:

The issue price of the bond can be computed using the pv formula in excel,which is given as =-pv(rate,nper,pmt,fv)

rate is the semi-annual yield to maturity on the bond which is 7%/2=3.5%

nper is the number of coupon payments the bond would make before maturity,which 15 years multiplied by 2=30

pmt is the semi-annual interest payment of the bond i.e 8%/2*$40.6 million=$1.624 million

The fv is the face value of the bond repayable at maturity which is $40.6 million

=-pv(3.5%,30,1.624,40.6)

pv=$44.33 million

4 0
3 years ago
Freelife, New Hampshire has a labor force of 78,567 persons and employment of 74,382. The unemployment rate for the city is: Gro
Brut [27]

Answer:

5.3%

Explanation:

There are 4,185 unemployment person(78,567-74,382)

So the rate of unemployment persons = ( the number of unemployment / the total number of persons) × 100

= (4,185/78,567) ×100

5 0
2 years ago
The board at Nuance Opticals offers help in providing direction and advice to the​ company, but it possesses no legal responsibi
Tresset [83]

Answer:

An advisory board

Explanation:

An advisory board is an entity which provides non-binding strategic advice to a company, organization, or foundation management. The informal existence of an advisory board allows the board of directors greater flexibility in structure and management compared to that.

7 0
3 years ago
The u.s. health care system has been historically resistant to change due to entrenched interests from
Nonamiya [84]

The U.S. health care system has been historically resistant to change due to entrenched interests from <em>entrenched health system industries which have focused more on the question of “Who pays?” which makes sense from their point of view stating that corporations are legally obligated to protect investors’ interests</em>. Health care leaders together with policymakers over time have attempted several incremental fixes by; attacking fraud, enforcing practice guidelines, reducing errors,  and trying to make patients better “consumers,” by implementing electronic medical records but none of these has had much impact.

8 0
3 years ago
Assuming a court did find there was a valid offer, if there was an action brought against the store, would Vinny's mistake of gi
slavikrds [6]

Answer:

C. Yes, since the mistake would be obvious to a reasonable person.

Explanation:

A unilateral mistake <u>occurs when only one party is mistaken as to the subject matter</u> or the terms contained in the contract agreement.

<u>The general rule involving unilateral mistakes is that, if the non-mistaken party either knew or should have known of the other party's mistake, the mistake is a “palpable unilateral mistake” which makes the contract voidable</u> by the mistaken party.

Therefore, since Vinny's mistake would have been obvious to the other party, it could make the contract voidable and relieve the store of the liability.

7 0
3 years ago
Read 2 more answers
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