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Rama09 [41]
3 years ago
15

Which of the following is most likely considered a weakness of present value models?

Business
1 answer:
Lerok [7]3 years ago
3 0

Answer:a

Explanation:

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Felix works for an animal rescue. His boss showed him how to take an existing vaccination record, alter it with a new dog’s info
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found out his boss was ordering the selections of document and reporting it was the right thing to do

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3 years ago
is starting her own accounting firm and hires , a freelance web designer who specializes in responsive design to build her busin
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Answer:

No, contracts for personal services are not assignable.

Explanation:

According to a different source, these are the options that come with this question:

Yes, as long as the assignment does not increases the burden on Max.

Yes, Claire can assign her obligations under the contract to anyone who accepts.

No, contracts for personal services are not assignable.

No, the assignment is not valid since Max did not give any consideration.

This is most likely not a good strategy for this woman. The fact that this woman has been hired as a freelance web designer means thta the woman is beig paid for her professional expertise. No one else can perform the job in the way that she can perform it. Therefore, she cannot assign this duty to another person.

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3 years ago
Black Corporation declared $50,000 cash dividends to shareholders. The coporation has 4,000 shares of $25-par, 5% preferred stoc
Liono4ka [1.6K]

Answer:

$5,000 will be distributed to preferred stockholders and $45,000 will be distributed among common stockholders.

Explanation:

The accrued dividend on preferred stock based on predetermined rate or amount is known as preferred stock dividend. Preferred stock has priority over common stockholders, It means that dividend will be given to preferred stockholder first.

Preferred stock dividend = 4,000 shares x $25 x 5% = $5,000

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3 years ago
On January 1, 2020, Hi and Lois Company purchased 12% bonds having a maturity value of $300,000 for $322,744.44. The bonds provi
True [87]

Answer:

a. Prepare the journal entry at the date of the bond purchase.

January 1, 2020, bonds purchased at a premium

Dr Bonds receivable 300,000

Dr Premium on bonds receivable 22,744.44

    Cr Cash 322,744.44

b. Prepare a bond amortization schedule.

Date   Interest       Cash           Premium           Unamortized    Carrying

          revenue      received     amortization     premium           value

1/1/20       -              -322,744.44        -                22,744.44        277,255.56

1/1/21  32,274.44   36,000        3,725.56           19,018.88         280,981.12

1/1/22 31,901.89    36,000        4,098.11             14,920.77         285,079.23

1/1/23 31,492.08   36,000        4,507.92            10,412.85         289,587.15

1/1/24 31,041.23    36,000        4,958.77             5,454.08         294,545.92

1/1/25 30,545.92  336,000     5,454.08                   0                       0

c. Prepare the journal entry to record the interest revenue and the amortization at December 31, 2020.

Dr Interest receivable 36,000

    Cr Interest revenue 32,274.44

    Cr Premium on bonds receivable 3,725.56

(322,744.44 x 10%) - (300,000 x 12%) = 32,274.44 - 36,000 = 3,725.56

d. Prepare the journal entry to record the interest revenue and the amortization at December 31, 2021.

Dr Interest receivable 36,000

    Cr Interest revenue 31,901.89

    Cr Premium on bonds receivable 4,098.11

(319,018.88 x 10%) - (300,000 x 12%) = 31,901.89 - 36,000 = 4,098.11

amortization year 3:

(314,920.77 x 10%) - (300,000 x 12%) = 31,492.08 - 36,000 = 4,507.92

amortization year 4:

(310,412.85 x 10%) - (300,000 x 12%) = 31,041.23 - 36,000 = 4,958.77

amortization year 5:

5,454.08

3 0
3 years ago
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