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4 years ago

Select the correct text in the passage.

Business

2 answers:

loris [4]4 years ago

8 0

Answer:

I helped customers discover other products that they could purchase, and increased my sales percentages by over 11% above any other salesperson on the team.

Explanation:

The successful habit of a salesperson is usually measured by the amount of sales he or she is able to make during a given period and how good that person is in persuading individuals to make a purchase.

Elanso [62]4 years ago

3 0

Answer:I helped customers discover other products that they could purchase, and increased my sales percentages by over 11% above any other salesperson on the team.

Explanation:

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Smiley Corporation wholesales repair products to equipment manufacturers. On April 1, 20Y1, Smiley issued $1,400,000 of 4-year,

Naily [24]

Answer:

A1.Apr.1

Dr Cash $1,449,138

Cr Premium on Bonds Payable $49,138

Cr Bonds Payable $1,400,000

A2. Oct. 1

Dr Interest Expense $24,431

Dr Premium on Bonds Payable $24,569

Cr Cash $49,000

B. The BONDS was paying HIGHER INTEREST RATE of 7% to the MARKET INTEREST RATE of 6%.

Explanation:

A1. Preparation of the journal entry to record Issuance of bonds on April 1Apr.1

Dr Cash $1,449,138

Cr Premium on Bonds Payable $49,138

($1,449,138-$1,400,000)

Cr Bonds Payable $1,400,000

(To record Issuance of bonds)

A2. Preparation of the journal entry to record First interest payment on October 1 and amortization of bond premium for six months, using the straight-line method.

Oct. 1

Dr Interest Expense $24,431

($49,000-$24,569)

Dr Premium on Bonds Payable $24,569

[($1,449,138-$1,400,000)4*2]

Cr Cash $49,000

( $1,400,000 x 7% x 6/12)

(To record First interest payment and amortization of bond premium )

B. Based on the information given the reason

WHY the company was able to issue the bonds for $20,811,010 RATHER THAN for the FACE AMOUNT of $20,000,000 was because the BONDS was paying HIGHER INTEREST RATE of 7% to the MARKET INTEREST RATE of 6%.

3 0

3 years ago

Assume that on December 31, 2019, Kimberly-Clark Corp. signs a 10-year, non-cancelable lease agreement to lease a storage buildi

BlackZzzverrR [31]

Answer:

a. Journal Entries:

1.Right to Use Asset (Dr.) $449,478

Lease Liability (Cr.) $449,478

(To record the lease)

2. Lease Liability (Dr.) 67,299

Cash (Cr.) 67,299

(To record the lease payment)

3. Amortization Expense (Dr.) 36,185

Right to Use Asset (Cr.) 36,185

(To record amortization of asset)

4. Lease Liability (Dr.) 36,085

Interest Expense (Dr.) 30,614

Cash (Cr.) 66,699

(To record Interest Expense)

Explanation:

Amortization expense is the annual lease payment less the PV of use of Asset.

3 0

3 years ago

What is tax planning, and how is it related to savings and investment planning? Tax planning involves evaluating your current an

Annette [7]

Answer:

defer and/or reduce

ordinary income; Passive Income Portfolio, or, Investment income

Explanation:

Tax planning is a measure to control the tax liability in a legal and effective manner, which does not lead to any misconduct and also ensures that the person in concern have to pay the least tax possible.

As per US Internal Revenue Code, ordinary income is the income which is charged to tax at ordinary rates, that is income other than the capital gains, as capital gains are chargeable at some specified rates.

Investment incomes are income earned through investments, these days to reduce the tax burden many investments which provide exemption or deduction in tax liability, because of investment in that security, or the income earned through that investment is exempt or deducted from gross total income. Therefore, investment and savings are closely related to the tax planning.

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3 years ago

What is public debt?

Makovka662 [10]

D. government total outstanding debt
A. A surplus

8 0

4 years ago

Bottom, inc. paid an invoice for $1,000, with discount terms of 1/7, n/30, within the discount period. the net amount paid was:_

anygoal [31]

the net amount paid was: $998

Invoice discounts are probably the simplest form of invoice financing. Like all types of invoice loans, invoice discounts sell unpaid invoices to lenders and offer cash invoices equal to the percentage of the value of the invoice. When your customer pays the invoice, the lender pays you the balance minus their charges.

Invoice rebates give businesses instant access to the value of cash and sales summarized on unpaid invoices. It's easy, when you charge a customer or principal, the lender gives you a percentage of the total amount and gives your business a cash flow boost.

Learn more about Invoice here: brainly.com/question/25465770

#SPJ4

4 0

2 years ago