Answer:
Debit to Interest expenditure and bond premium.
Explanation:
Based on the information the Appropriate journal entry to record this would include a CREDIT TO CASH for the amount of the interest checks written and DEBIT(S) to INTEREST EXPENDITURE AND BOND PREMIUM reason been that we were told the ANNUAL INTEREST PAYMENT on the company its outstanding was the amount of $20 million of 6 percent bonds, which were ISSUED AT A PREMIUM.
Debit to Interest expenditure and bond premium $1.2 million
($20 million*6%)
Cr Cash $1.2 million
The American Express BlueWork Program refers to an employee program that aims to increase productivity through giving employees the opportunity to work using four modes of working that are available in the company: <em>Home, Roam, Club, and Hub</em>. Home refers to employees whose primary method of working is by telecommuting, while Roam refers to employees whose primary working place isn’t based from the office or home, but on client’s premises instead.
Club working styles are provided for employees where they don’t have allocated desks but are instead given the chance to work in different workspaces in the building, while employees who work with a Hub style of working will instead have a dedicated office and work during standard hours. Thus the answer to the question is (A) employees are provided with opportunities for flexible arrangements.
Answer:
b. 23.8%
Explanation:
For computing the percentage difference, we have to compute the Pre-tax income of both corporations and the partnership
For corporations:
Pre-tax income = (1 - corporate tax rate) × (1 - personal tax rate)
= (1 - 0.34) × (1 - 0.30)
= 0.66 × 0.70
= 0.462 or 46.2%
For partnership:
Pre-tax income = (1 - personal tax rate)
= (1 - 0.30)
= 0.70 or 70%
So, the difference would be
= 70% - 46.2%
= 23.8%
Answer:
$16,950
Explanation:
The computation of the shrinkage that occurred during the month is shown below:
Balance inventory = Beginning Inventory + Inventory purchased - Inventory sold
= $526,000+ $59,200 - $40,250
= $544,950
Now the shrinkage inventory is
= Balance inventory - Physical count of inventory shows
= $544,950 - $528,000
= $16,950
Answer:
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