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NeX [460]
3 years ago
7

At December 31, 2020 the following balances existed on the books of Rentro Corporation: Bonds Payable $7,000,000 Discount on Bon

ds Payable 960,000 Interest Payable 168,000 If the bonds are retired on January 1, 2021, at 101, what will Rentro report as a loss on redemption
Business
1 answer:
Tomtit [17]3 years ago
6 0

Answer:

Loss on retirement of debt = $1,030,000

Explanation:

the company paid $7,070,000 in order to retire the bonds, and hte journal entry was:

Dr Bonds payable 7,000,000

Dr Loss on retirement of debt 1,030,000

    Cr Cash 7,070,000

    Cr Discount on bonds payable 960,000

Loss on retirement of debt = cash paid - carrying value = $7,070,000 - $6,040,000 = $1,030,000

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Which basic objective of direct marketing involves attempting to motivate customers to visit an event or retail outlet?
slava [35]

Answer: Creation of sales

Explanation: In direct marketing the company focuses on avoiding the advertising middle man and tries to inform the customers directly about the product or service offered.

The direct marketing is done with the intent of increasing  customer base which will further result in creation of sales. This could be achieved by making promotional events and other such kind of activities.

7 0
3 years ago
You own a small store. Your cashier thinks you should lower prices to increase your total revenue and your friend thinks you sho
Helga [31]

Answer:

<u>A. elastic;</u> <u>inelastic </u>

Explanation:

Price elasticity of demand refers to degree of responsiveness of quantity demanded of a good with respect to a change in the price. It is mathematically expressed as:

\frac{dQ}{dP} \ *\ \frac{p}{q}

wherein dQ= Change in quantity demanded

              dP = Change in price

              p = Original Price

              q = Original quantity

Total revenue refers to total receipts of a firm from the sale of a good.

When price elasticity of demand is less than 1, it refers to inelastic demand which further means, the change in quantity demanded is less w.r.t change in price.

Similarly, when price elasticity of demand is greater than 1, it signifies change in quantity demanded is more w.r.t change in the price.

In the given case, the cashier thinks lowering prices will increase the total revenue. This indicates the cashier believes the demand to be elastic.

Similarly, the friend's belief of increased prices leading to increased total revenue signifies inelastic demand.

7 0
3 years ago
Which NIMS Management Characteristic includes developing and issuing assignments, plans, procedures, and protocols to accomplish
Naya [18.7K]

Management by objectives includes developing and issuing assignments, plans, procedures and protocols to accomplish tasks.

<u>Explanation:</u>

NIMS is a comprehensive national approach to the incident management that is applicable at all the jurisdictional levels and across all the functional disciplines. The major purpose of NIMS is to improve the coordination of the public and the private enterprises in a variety of incident management activities.

There are certain management characteristics of NIMS. Some of them are common terminology, modular organisation, management by objectives, incident action planning and many more.

4 0
3 years ago
A client will soon be completing a course of inpatient treatment for the treatment of schizophrenia. At what point should the ca
Evgesh-ka [11]

ANSWER:

Upon admission to the inpatient setting.

STEP-BY-STEP EXPLANATION:

An inpatient admission is generally appropriate when you're expected to need 2 or more midnights of medically necessary hospital care, but your doctor must order such admission and the hospital must formally admit you in order for you to become an inpatient.

4 0
3 years ago
Martin purchased municipal bonds that yield 7% annually and certificates of deposit which yield 9% annually.
jeka94

Answer:

the amount invested in municipal bond is $8,000

the amount invested in certificated on deposits = $11,000 - $8,000

= $3,000

Explanation:

Data provided in the question:

Annual yield on municipal bond = 7% = 0.07

Annual yield on certificated of deposits = 9% = 0.09

Initial investment = $11,000

Annual income = $830

Now,

Let the amount invested in municipal bond be 'x'

Therefore,

the amount invested in certificated of deposits = $11,000 - x

Thus,

according to question

⇒ 0.07x + 0.09( $11,000 - x ) = $830

⇒ 0.07x + $990 - 0.09x = $830

⇒ -0.02x = $830 - $990

⇒ -0.02x = -$160

⇒ x = $8,000

Hence,

the amount invested in municipal bond is $8,000

the amount invested in certificated on deposits = $11,000 - $8,000

= $3,000

7 0
3 years ago
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