Answer:
$7,500,000 in 8% bonds, 5 years to maturity, semiannual coupon ($300,000)
sold at premium for $7,740,000
the journal entry to record the issuance should be:
Dr Cash 7,740,000
Cr Bonds payable 7,500,000
Cr Bond premium 240,000
<u>Using the straight line amortization:</u>
amortization per coupon payment = $240,000 / 10 coupons = $24,000
Dr Interest expense 276,000
Dr Bond premium 24,000
Cr Cash 300,000
Answer:
Global economic crimes consist of a wide range of economic offenses and include different forms of financial crimes that are committed. Examples of global economic crimes are money laundering, tax evasion, improper use of tax havens, embezzlement and bribery etc.
Global economic fraud is a sub set of global economic crime and consists of those actions that are considered as an intentional act of deception for the purpose of making financial gains. A dishonest advantage is gained through acts of global economic fraud. Examples of global economic frauds are identity fraud, banking fraud, investment fraud, and fraud by abuse of position.
Companies should be concerned about global crimes and frauds as these acts of crime and fraud may put companies in a position of disadvantage in the long run. These acts will dilute some of the value creation activities that companies are pursuing and in the long run these acts will prove detrimental to the value creation objectives of companies. Further the acts of crime and fraud increase the risk scenario in which companies operate and hence the chances of losing money increase manifold.
Companies should address the issue of fraud and crime in a tangible manner and approach to tackle them on a heads on basis. To address the issues companies should firstly recognize fraud when they first see and encounter it. For this companies will require robust fraud risk assessment framework in place. When motivations are identified beforehand then better controls will be put in place by companies, thus significantly reducing the chances of fraud and crime.
The answer to this quiestion is a jalandhar jakob jsjsjd
Answer:
$174.66 which is d on edge
Explanation:
i studied very hard and i made a 100
If someone produced too little of a good, this would suggest that the good was produced to the point where its marginal benefit exceeded its marginal cost.
Both are metrics used in economics for measurement of costs and benefits.
Marginal benefit is the gain the business receives for doing anything "one more time.", while marginal cost is the additional cost the business incurs to produce one more unit.
This means that if someone produced too little of a good, the business gained more than it lost.
