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2 years ago

Which concept deals with giving employees the power to make commitments and use resources to accomplish the assigned tasks

Business

1 answer:

Nikolay [14]2 years ago

3 0

Answer:

The concept of organizing is that which gives employees the right to use resources and make commitments

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Cash interest is computed annually when a bond is issued for other than its face value. For a bond issued at a premium, how will

sergeinik [125]

Answer:

Under the effective interest method, as a bond approaches maturity, the interest expense decreases while the amortization of the bond premium increases.

Explanation:

E.g. a company issues $800,000 in 8% bonds when the market rate is 7%, so the bonds price is $856,850 (semiannual coupons are paid).

Journal entry to record the issuance

Dr Cash 856,850

Cr Bonds payable 800,000

Cr Premium on bonds payable 56,850

amortization of bond premium on first coupon payment:

($856,850 x 3.5%) - ($800,000 x 4%) = $29,989.75 - $32,000 = -$2,010.25 ≈ -$2,010

Journal entry to record first coupon payment:

Dr Interest expense 29,990

Dr Premium on bonds payable 2,010

Cr Cash 32,000

amortization of bond premium on second coupon payment:

($854,840 x 3.5%) - ($800,000 x 4%) = $29,919.40 - $32,000 = -$2,080.60 ≈ -$2,081

Journal entry to record second coupon payment:

Dr Interest expense 29,919

Dr Premium on bonds payable 2,081

Cr Cash 32,000

7 0

3 years ago

When originally purchased, a vehicle costing $23,040 had an estimated useful life of 8 years and an estimated salvage value of $

Novosadov [1.4K]

Answer:

$5,360

(not given in the options)

Explanation:

Depreciation is the systematic allocation of cost to an asset based on estimates. It is given as

Depreciation = (cost - salvage value)/useful life

When originally purchased, a vehicle costing $23,040 had an estimated useful life of 8 years and an estimated salvage value of $1,600

Annual depreciation = ($23,040 - $1,600)/8

= $2,680

After 4 years

Accumulated depreciation = 4 × $2,680

= $10,720

The net book value then

= $23,040 - $10,720

= $12,320

Since the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value

New depreciation = ($12,320 - $1,600)/2

= $5,360

The depreciation expense in year 5 equals $5,360

8 0

2 years ago

Which statement describes the role of the Federal Reserve System? A. It prints all the paper money in circulation in the United

kumpel [21]

The job of the Federal Reserve System is to control the supply of money in the United States. Although it might seem like the Federal Reserve System prints the money as well, but this is in fact not true. The U.S. Treasury prints paper and coin currency and the Federal Reserve System distributes the money globally.

6 0

3 years ago

Read 2 more answers

The income statement for Splish Traveler Company shows cost of goods sold $307,000 and operating expenses (exclusive of deprecia

enyata [817]

Answer:

a. $349,700

b. $209,900

Explanation:

The computation is shown below:

Before computing the cash payment made to supplier first we have to find out the purchase amount which is shown below:

(a) Change in Finished goods + purchase = Cost of goods sold

-$25,800 + purchases = $307,000

So, the purchase is $332,800

Now

Cash paid to supplier is

= $332,800 + $16,900

= $349,700

And,

(b) Cash paid for operating expenses is

= $229,000 - $8,000 - $11,100

= $209,900

5 0

3 years ago

What global market-entry strategy did mary kay use when it entered india?

sdas [7]

The global market entry strategy that Mary Kay used when it entered India was the exporting market entry strategy. The priorities of Mary Kay when doing business was God first, family second and career third. In India however it was adapted that faith first, family second and career third. Mary Kay does this for the purpose of the religion and for the sake of respecting those who practice their religions.

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3 years ago

Read 2 more answers