An owner of which form of stock would receive dividend payments first?

edna is the leading brain surgeon in the united states. she enters into a contract to perform a difficult brain operation on ben

wolverine [178]

An employement contract if Edna is unable to complete the procedure, another surgeon with the minimum degree of expertise required for the procedure must take over the contract.

This example’s procedure is risky and connected to a risky surgery that would be best handled by Edna. Since the contract was based on Edna’s experience, it cannot be transferred to someone with the lower level of expertise required for this activity.In this case, Edna, a renowned brain surgeon in the United States, signs a contract to operate delicately on Ben’s brain. Edna, who has a lot going on, wants to give Charles, a less experienced surgeon who would be doing his first procedure of this kind, this contract because she is so busy.Because the contract between Ben and Edna involves personal talent, Ben can object to and stop this assignment (brain surgery).Evidently, Edna’s position as the top brain surgeon in the USA can be attributed to her competence and professionalism. With this knowledge at his disposal, Ben decided to enter into a contract with Edna, a skilled brain surgeon.

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3 0

1 year ago

Blossom Company issued $504,000 of 10%, 20-year bonds on January 1, 2020, at 102. Interest is payable semiannually on July 1 and

antiseptic1488 [7]

Answer:

The Journal entries are as follows:

(a) On January 1, 2020

Cash A/c [$504,000 × 1.02] Dr. $514,080

To Bonds payable $504,000

To Premium on Bonds payable $10,080

(To record the issuance of the bonds)\

(b) On July 1, 2020

Interest expense A/c Dr. $25,114

Premium on Bonds payable A/c Dr. $86

To cash $25,200

(To record the payment of interest and related amortization)

Workings:

Interest expense:

= $514,080 × (9.7705% ÷ 2)

= $514,080 × 0.0488525

= $25,114

Cash = $504,000 × (10% ÷ 2)

= $25,200

(c) On December 31, 2020

Interest expense A/c Dr. $25,110

Premium on Bonds payable A/c Dr. $90

To Interest payable $25,200

(To record the accrual of interest and the related amortization)

Workings:

Interest expense:

= ($514,080 - 86) × (9.7705% ÷ 2)

= $513,994 × 0.0488525

= $25,110

3 0

4 years ago

Stan is an investment manager. He has recieved money from various investors with a promise of very high returns on their investm

Mama L [17]

Answer:

(a) operating a Ponzi scheme

Explanation:

Ponzi scheme -

It is a type of fraud , which attracts investors for getting better profit in returns , is referred to as Ponzi scheme.

These schemes , attracts investors , with fake promise and exceptional deals , and then does not fulfil , any promise , and can lead to a big scam.

Hence , from the question, the example shown is about a Ponzi scheme.

4 0

3 years ago

Assume the total cost of a college education will be $325,000 when your child enters college in 16 years. you presently have $40

Studentka2010 [4]

Future value FV = $325,000
Investment I = $40,000
Number of years n = 16
Annual rate = r
We have the equation FV = I (1 + r) ^n => 325000 = 40000(1 + r)^16
(1 + r)^16 = 325 / 40 => 1 + r = (325 / 40) ^ (1/16) => 1 + r = 1.1398
Rate of Interest r = 1.1398 - 1 = 0.1398 that is 13.98%
Annual rate of Interest r = 13.98%

4 0

4 years ago

Read 2 more answers

You got a new credit card and spent $200 on the card last month. You forgot to make the payment on time and were assessed a $40

Nat2105 [25]

The answer is..............A-20%

6 0

3 years ago

Read 2 more answers