Answer:
d. $7,032
Explanation:
The computation of the interest expense is shown below:
= Sale value of the bond × market interest rate ÷ 0.5
= $117,205 × 12% ÷ 0.5
= $117,205 × 6%
= $7,032
Simply we multiply the sale value of the bond with the market interest rate so that the accurate amount of the interest expense can come.
We divide it by 0.5 because as the number of months is 6 months and total months is 12. The six month is calculated from the January 1 to July 1
Open market operations, U.S. governmental securities.
Open market operations is a tool of monetary policy in which the Federal Reserve buys and sells U.S. governmental securities. This process allows the Federal Reserve to control how much currency (USD) is circulating in the US economy, which impacts the supply and therefore demand for USD and the corresponding value of such USD.
Answer:
(a) Bank Reconciliation statement:
Bank's cash balance:
= Per bank statement + Deposits outstanding - Checks outstanding
= $22,346 + $1,725 - $1,300
= $22,771
Therefore, bank balance per reconciliation is $22,771.
Company's cash balance:
= Per general ledger - service fees
= $22,810 - $39
= $22,771
Therefore, company balance per reconciliation is $22,771.
(b) Journal entry to adjust balance for cash is as follows:
Bank service charge expense A/c Dr. $39
To Cash A/c $39
(To record bank service charge)
Answer:
$1.75
Explanation:
Earnings per share to be reported = Earnings per share of commo stock * (1 - 4%)
Earnings per share to be reported = $1.82 * 96%
Earnings per share to be reported = $1.7472
Earnings per share to be reported = $1.75
So, the 2019 earnings per share to be reported in the annual report for 2020 are $1.75.
Answer:
B. each seeks to define the best leadership style for different kinds of situations
Explanation:
Contingency theories emphasizes on the idea that there's no one best way of leading, managing and/or organizing a business or firm. Pointing out that, a style of leadership or technique that may be successful for a person or a situation may not necessarily be successful for another person or situation. Thus, the contingency theories defines the best leadership style is determined by the kind of situation presented. Contingency theories tries to combine the specific situation faced by a leader and the leader personal characteristics.