Answer:
Please refer to the below for Journal entries
Explanation:
The journal entries are seen below
1. Cash A/c Dr $58,523
Discount on bond payable A/c Cr $4,477
To bonds payable A/c Cr $63,000
(Being the issuance of bond that is recorded)
2. Interest expense A/c Dr $2,048
To discount payable A/c Cr $158
To cash A/c Cr $1,890
(Being the first interest payment that is recorded)
Note:
Interest expense
= $58,523 × 7% × 6 months ÷ 12
= $2,048
Cash
= $63,000 × 6% × 6 months ÷ 12
= $1,890
Answer:
Option (B) is correct.
Explanation:
WACC = (We × ke) + [Wd × kd × (1 - t)]
where,
We = Equity
Wd = Debt
ke = cost of equity
kd = cost of debt
t = tax rate
At 50% equity and 50% debt,
WACC = (50% × 6%) + [50% × 8% × (1 - 0.4)]
= 5.40%
At 75% equity and 25% debt,
WACC = (75% × 6%) + [25% × 8% × (1 - 0.4)]
= 5.70%
Therefore, there is an increase in the XYZ's WACC if its capital structure were to shift to 75% equity and 25% debt.
Answer:
$12,200
Explanation:
Sales including sales tax = $13,359
Sales tax rate = 9.5%
Let the sales be = $X
Sales tax payable = Sales * Sales tax rate
Sales tax payable = X * 9.5%
Sales tax payable = 0.095X
Sales + Sales tax = Sales including sales tax
X + 0.095X = 13,359
1.095X = 13,359
X = 13,359/1.095
X = $12,200
So, Sales = $12,200. Thus, in the books of the lumber company, Revenue should be credited for $12,200
Answer:
Retailer channel
Explanation:
The correct word for the given statement is retailer channel
Retailers are organizations in the channel that spotlights on selling legitimately to customers. You are probably going to take an interest in the retail channel consistently.
The retail channel is not quite the same as the immediate direct in that the retailer doesn't deliver the item.
Answer:
C. learn to communicate with people from different cultural backgrounds
Explanation:
Because communicating with people from different backgrounds will enhance the communicating competence of a person therefore it is the key determinant in this case.