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scZoUnD [109]
3 years ago
9

Use information from the Washington Post article Why We've Been Hugely Underestimating the Overfishing of the Oceans to determin

e whether each statement is true or false.
According to the Food and Agriculture Organization of the United Nations FAO), worldwide catches peaked in 2001 at 86 million tons
1. True
2. False
Using catch reconstruction, researchers estimate that the actual peak catch was 50% larger than the reported peak catch.
1. True
2. False
Catch reconstruction shows that, since the peak, catches have been increasing, not decreasing as previously reported
1. True
2. False
The Sea Around Us Project found several problems with the FAO data, such as the fact that data that were not available were reported as catches of zero fish.1. True
2. False
Business
1 answer:
Anton [14]3 years ago
3 0

Answer:

1. False. The peak of 86 MILLION occurred in the year of 1996 and not in 2001 as per the reports of food and agricultural organisation of UN.

2. True. The given statement is correct from the source.

3. False. As per the research conducted on the basis of catch reconstruction, the catches have been declining due top several reasons.        

4. The last statement is totally correct as verified by the source mentioned.

 

         

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Macy's, Inc., operates nearly 850 Macy's and Bloomingdale's department stores globally. The company does more than $ 28 billion
Mashutka [201]

Record the purchase of bonds on July 1              

Date Account Titles Debit Credit          

July.1 Investment in Bonds $7,467,200.00            

 Cash   $7,467,200.00          

               

Answer 2                

Record the receipt of interest on December 31 of current year            

Date Account Titles Debit Credit          

December ,31 Cash $260,000.00            

 Interest Income   $224,016.00          

 Investment in Bonds   $35,984.00          

               

Interest Income as of December 31 = Cost of investment as of July 1 x Market Interest rate / 2 = $74,67,200 x 6%/2 = $2,24,016

Interest received as of December 31 = Face value of bond x stated interest rate / 2 = $65,00,000 x 8%/2 = $2,60,000  

Interest profits — the income someone receives from positive bank bills or from lending money to someone else. taxable hobby earnings — interest profits this is difficulty to profits tax. All hobby profits are taxable until mainly excluded.

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Learn more about interest here:

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3 0
2 years ago
How much money could you draw from this account?
tester [92]

The correct answer to this question is that you have $1,000 available to spend in your account today, and will have a total of $3,000 to spend in six days.

Uncollected funds is money that you have deposited into your account, but that you cannot access yet. The bank has placed a hold on the money for a specific period of time. This is normally done when you deposit a check, because your bank wants to make sure that the money from the check clears the other account before you withdraw it.

5 0
3 years ago
Read 2 more answers
Which of the following best explains why the law of supply and demand has an effect on the labor market
Digiron [165]

Labor is a commodity

7 0
3 years ago
Olinick Corporation is considering a project that would require an investment of $354,000 and would last for 8 years. The increm
Schach [20]

Answer:

3.7 years

Explanation:

Given that,

Initial investment = $354,000

Net income = $47,000

Depreciation = $48,000

Annual cash flow:

= Net income + Depreciation

= $47,000 + $48,000

= $95,000

Payback period:

= Initial investment ÷ Annual cash flow

= $354,000 ÷ $95,000

= 3.7 years

The payback period of the project is closest to 3.7 years.

6 0
3 years ago
On January 1, 2017, Boston Enterprises issues bonds that have a $3,400,000 par value, mature in 20 years, and pay 9% interest se
snow_lady [41]

Answer:

1. Par Value = $3,400,000

Semi-annual coupon rate = 9%/2 = 4.5%

Semi annual coupon = Semiannual rate * Par value = 4.50$*$3,400,000

= $153,000

So, the interest that Boston will pay (in cash) to the bondholders every six months is $153,000

2. Date          Account Titles and Explanation    Debit      Credit

Jan 1, 2017     Cash                                           $3,400,000

                              Bonds payable                                     $3,400,000

                     <em>(To record the issuance of bonds)</em>

Jun 30, 2017  Interest expenses                      $153,000

                              Cash                                                       $153,000

                      <em>(To record the first interest payment)</em>

Dec 31, 2017  Interest expenses                      $153,000

                              Cash                                                       $153,000

                     <em> (To record the second interest payment)</em>

<em />

3. S/n  Account Titles                                  Debit              Credit

    a    Cash (3,400,000*98%)                   $3,332,000

          Discount on Bonds payable           $68,000

                 Bonds payable                                                 $3,400,000

    b    Cash (3,400,000*102%)                   $3,468,000

                 Premium on bonds payable                            $68,000

                 Bonds payable                                                 $3,400,000

7 0
3 years ago
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