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Nata [24]
3 years ago
14

Transanomics Corp recently issued at par value 5-year bonds with a par value of $500,000, dated January 1, 2015 and bearing an i

nterest at an annual rate of 10% payable quarterly on March 31, June 30, September 30 and December 31st. The initial journal entry made by Transanomics Corp. was:
Business
1 answer:
Vlad [161]3 years ago
5 0

Answer:

Issued Bond was the liabilities for Transanomics Corp. It receives cash against the issuance of bonds.

Initial Journal Entry by Transanomics Corp.

                                         Dr.                    Cr.

January 1, 2015

Cash                            $500,000

Note Payable                                        $500,000

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One of the indirect costs of bankruptcy is the effect that a potential bankruptcy has on the firm's decisions. The general resul
Oksana_A [137]

Answer: B. stockholders expropriate value from bondholders by selecting high-risk projects.

Explanation:

Bankruptcy simply means when an individual or business cannot pay back the funds that is owed to the creditor. When bankruptcy is declared by a particular business, the assets for the business are used in paying back the debt.

One of the indirect costs of bankruptcy is the effect that a potential bankruptcy has on the firm's decisions. The general result is that stockholders expropriate value from bondholders by selecting high-risk projects.

Therefore, option B is the answer.

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3 years ago
7. Which of the following is NOT a function of money * 3 points A Unit of account B Store of value C Protection against inflatio
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Answer:

C Protection against inflation

Explanation:

As we know that there are three functions of money i.e.

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2. Store of value

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So the protection against inflation would not be considered for the same

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3 years ago
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7 0
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You are planning an AD implementation for a company that currently has Sales, Accounting, and Marketing departments. Each depart
netineya [11]

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4 0
3 years ago
_______ has been defined as the process of identifying consumers with similar attributes who are likely to exhibit a similar buy
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Global market segmentation has been defined as the process of identifying consumers with similar attributes who are likely to exhibit a similar buying behavior.

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The people in the identified group will have the same purchasing behavior. Thus, when the customers of similar buying behaviors are grouped then the targeting process of the business will become easier. Fir example if you are manufacturing chocolates then it will be easier to target on;ly children and the adults.

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