An example of a positive statement would be

Why is it important to research other jobs that require the same education and training?

otez555 [7]

It is important to research other jobs that require the same education and training so that you will have options to work so that you wont half to do all the same education and the same training as the other person.

5 0

3 years ago

A diesel-powered tractor with a cost of $180,000 and estimated residual value of $18,000 is expected to have a useful operating

ExtremeBDS [4]

So what is the question

3 0

4 years ago

Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). The sales tax law requires D

Arada [10]

Answer:

The Journal entries are as follows:

(i) On September 30,

Cash A/c ($6,000 + $300) Dr. $6,300

To Sales $6,000

To sales tax payable $300

(To record sales and 5% sales tax payable)

(ii) On September 30,

Cost of goods sold A/c Dr. $3,900

To merchandise inventory $3,900

(To transfer the cost to the finishing department)

(iii) On 15th October,

Sales tax payable A/c Dr. $300

To cash $300

(To record remittance of sales tax to the state government)

4 0

3 years ago

People choose to hold a larger quantity of money if a. the interest rate rises, which causes the opportunity cost of holding mon

Eddi Din [679]

Answer:

b. the interest rate falls, which causes the opportunity cost of holding money to fall.

Explanation:

the demand for money (the declension to hold money) is inversely related to interest rate. if interest rate is high, individuals would prefer to hold bonds and the demand for money would fall. if interest rate is low, individuals would prefer to hold money.

the opportunity cost of holding money is what would have been earned if money was invested. if interest rate is low, individuals would prefer to hold more money because the amount that would be earned if money was invested in bonds would be low, so the opportunity cost of holding money would be low

7 0

4 years ago

The Colson Company issued $300,000 of 10% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable eac

emmainna [20.7K]

Answer:

1. The bonds are issued at face value:

(a) Jan 1

Dr Cash 300,000

Cr Bond payable 300,000

( to record cash receipt from bond issuance at par)

(b) Jul 1

Dr Interest expenses 15,000

Cr Cash 15,000

( to record payment of interest expenses calculated as 300,000 x 10% /2)

(c) Dec 31

Dr Interest expenses 15,000

Cr Interest payable 15,000

( to record incurred of interest expenses calculated as 300,000 x 10% /2)

2. The bonds in question 1 were issued at 98.

(a) Jan 1

Dr Cash 294,000

Dr Discount on Bond 6,000

Cr Bond Payable 300,000

( to record cash receipt from bond issuance in which Cash receipt = 300,000 * 98%; Bond Payable is recorded at par $300,000; The difference is recorded as Dr Discount on Bond $6,000)

(b) Jul 1

Dr Interest expenses 15,600

Cr Discount on bond 6,00

Cr Cash 15,000

( to record interest expenses incurred which is consists of $15,000 cash payment and the amortization of Discount on bond account calculated as 6,000/10 interest payment period)

(c) Dec 31

Dr Interest expenses 15,600

Cr Discount on bond 6,00

Cr Interest Payable 15,000

( to record interest expenses incurred which is consists of $15,000 interest payable plus the amortization of Discount on bond account calculated as 6,000/10 interest payment period).

3. Assume the bonds in question 3 were issued at 103:

(a) Jan 1

Dr Cash 309,000

Cr Premium on Bond 9,000

Cr Bond payable 300,000

( to record cash receipt from bond issuance in which Cash receipt = 300,000 * 103%; Bond Payable is recorded at par $300,000; The difference is recorded as Cr Premium on Bond $9,000)

(b) Jul 1

Dr Interest expenses 14,100

Dr Premium on bond 900

Cr Cash 15,000

( to record interest expenses incurred which is consists of $15,000 cash payment minus the allocation of Premium on bond account calculated as 9,000/10 interest payment period)

(c) Dec 31

Dr Interest expenses 14,100

Dr Premium on bond 900

Cr Interest Payable 15,000

( to record interest expenses incurred which is consists of $15,000 interest payable minus the allocation of Premium on bond account calculated as 9,000/10 interest payment period)

Explanation:

8 0

3 years ago