The type of bond which investors would buy that they may choose to exchange their bond for shares of common stock in the company is known as convertible bonds.
<h3>What is a Bond?</h3>
This refers to the fixed income investment which is used to show that a loan is taken by either an individual or corporation.
With this in mind, if an investor wants to later exchange their bond for shares of common stock in the company, then they would have to buy convertible bonds,
Read more about convertible bonds here:
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Answer:
Soundgarden Company
Journal Entries:
July 10, 2020:
Debit Cash Account (or Accounts Receivable) $800,000
Credit Sales Revenue $800,000
To record the sale of 200 copiers at $4,000 apiece.
July 10, 2020:
Debit Warranty Expense $66,000
Credit Warranty Liability $66,000
To record the estimated warranty maintenance on copiers sold.
December 31:
Debit Warranty Liability $17,000
Credit Inventory $17,000
To record actual warranty costs incurred.
Explanation:
Soundgarden should record these transactions according to the matching principle, whereby warranty expense is recognized in the period that matches the sale so that all expenses related to sales are recognized when the sales are recognized. This is achieved by creating a warranty liability account after the sales and recording a warranty expense as the debit entry. When actual warranty costs are incurred, the Soundgarden Company will debit the warranty liability and credit the inventory actual for the actual costs.
<span>The reserve requirement, which is also referred to as the cash reserve ratio, is 25 percent. This is calculated by subtracting the $6,000 loaned out from the bank's $8,000 in deposits, yielding a reserve of $2,000. The reserve requirement is calculated by dividing $2,000 by $8,000.</span>
Answer:
$305,000
Explanation:
Given that,
Net income for the year = $290,000
Increase in accounts receivable = $21,000
Decrease in accounts payable = $9,000
Depreciation Expense = $45,000
Net cash provided by operating activities:
= Net Income of current year - Decrease in Accounts Payable + Depreciation Expense - Increase in Accounts Receivable
= $290,000 - $9,000 + $45,000 - $21,000
= $305,000
It influence it by lowering the price and if it's by producing then people would want to go to the store that has more of the product that people want.
