Answer:
AA-rated revenue bond that is escrowed to maturity.
Explanation:
AA-rated revenue bond that is escrowed to maturity, is the bond recommendation for an individual who seeks income that is free from federal income tax. Escrowed to maturity bond are pre-funded municipal bond and it is backed by the government. The Issuer invests the new bond´s income too high credit securities and also issuer hold proceeds from the new bond issue in a separate escrow account to pay off existing bond when it matures.
Answer:
Every worker and manager per set of management within the worksite
Explanation:
In such a situation, all workers and managers should have access to the information, training, and controls needed to avoid workplace accidents. Since the possibility of one occurring is a common risk to all, being appropriately trained on right precautions and procedures is important to both managers and employees. They will know how to administer first aid and even perform CPR at workplace.
Answer:
option (b) $900 U
Explanation:
Data provided in the question:
Normal capacity = 4,000 units per month
Budgeted fixed overhead = $16,000
Budgeted Variable factory overhead = $20,000
Actual overhead incurred = $37,900
Now,
Budgeted variable factory overhead cost per unit = $20,000 ÷ 4,000
= $5
Flexible budget variable factory overhead = 4,200 × $5
= $21,000
Total Variable budgeted factory overhead = $21,000 + $16,000
= $37,000
Variance = Budgeted overhead - Actual overhead
= $37,000 - $37,900
= - $900
or
$900 Unfavourable
Hence, option (b) $900 U
Answer:
$522,000
Explanation:
Given;
Cash proceeds on sale of land = $430,000
Cash proceeds on sale of equipment = $140,000
Purchase of treasury stock with cash = $53,000
Purchase of equipment with cash = $48,000
Issuance of common stock for cash = $70,000
To find the net cash provided by investing, the investing activities in the information given are; Cash proceeds on sale of land, Cash proceeds on sale of equipment, and Purchase of equipment with cash.
Purchase of treasury stock with cash and Issuance of common stock for cash are financing activities.
Net cash provided by investing activities = $430,000 + $140,000 - $48,000
= $522,000
The correct answer is $522,000 which is not a part of the options given.
Answer:
The journal entry upon issuance of the bond is as follows:
Dr Cash $100,000
Cr Bonds payable $100,000
to record issuance of bond for cash
Journal entry for semi-annual interest
Dr Interest expense $6000
Cr Cash $6000
Being payment of bond semi-annual interest
Explanation:
Upon issuance of the bond with face value and issue price of $100,000, the cash position of the Police company increases by $100,000, hence the cash account should receive a debit of $100,000, but the issue also implies increased debt obligation, as a result , the bonds payable account is also credited with the same amount.
Concerning, the interest payment, which is an outflow of cash, the cash account is credited and the interest expense account is debited as an increase in expense.
The amount of interest is $6000(6%*$100,000).
