Why is it important to review your lease agreement carefully before signing it?

The three activities in an information system that produce the information organizations use to control operations are:

mixas84 [53]

Answer:

The three activities are; Input, Processing, and Output.

Explanation:

Input, processing, and output are the three activities in an information system that produce the information an organization needs. Input captures or collects raw data from within the organization or from its external environment.

Processing converts this raw input into a meaningful form.

Output transfers the processed information to the people who will use it or to the activities for which it will be used.

7 0

3 years ago

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On January 1, Boston Enterprises issues bonds that have a $2,200,000 par value, mature in 20 years, and pay 9% interest semiannu

Marina86 [1]

Answer:

1. How much interest will Boston pay (in cash) to the bondholders every six months?

semiannual coupon = $2,200,000 x 9% x 1/2 = $99,000

2. Prepare journal entries to record (a) the issuance of bonds on January 1, (b) the first interest payment on June 30, and (c) the second interest payment on December 31.

a) January 1, 202x, bonds issued at par

Dr Cash 2,200,000

Cr Bonds payable 2,200,000

b) June 30, 202x, first coupon payment

Dr Interest expense 99,000

Cr Cash 99,000

c) December 31, 202x, second coupon payment

Dr Interest expense 99,000

Cr Cash 99,000

3. Prepare the journal entry for issuance assuming the bonds are issued at (a) 96 and (b) 104.

a) January 1, 202x, bonds issued at 96

Dr Cash 2,112,000

Dr Discount on bonds payable 88,000

Cr Bonds payable 2,200,000

b) January 1, 202x, bonds issued at 104

Dr Cash 2,288,000

Cr Bonds payable 2,200,000

Cr Premium on bonds payable 88,000

3 0

3 years ago

You bought a share of 4.5 percent preferred stock for $105.35 last year. The market price for your stock is now $103.18. What is

weeeeeb [17]

The total return for last year after considering that you bought a share of 4.5% preferred stock for $105.35 is 2.21%

Dividend = $100 * 4.5% preferred stock shares

Dividend = $100*4.5%

Dividend = $4.5

Total return = (End value - Beginning value + Dividend) / Beginning value

Total return = ($103.18 - $105.35 + 4.5) / $105.35

Total return = $2.33 / $105.35

Total return = 0.0221167537

Total return = 2.21%

Hence, the total return for last year after considering that you bought a share of 4.5% preferred stock for $105.35 is 2.21%

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5 0

2 years ago

The Filling Department received 52,900 ounces from the Blending Department. During the period, the Filling Department completed

soldier1979 [14.2K]

Answer: 50,300 ounces

Explanation:

Ounces started would exclude the beginning ounces while ounces completed would include the beginning ounces.

Ounces started and completed during the period are:

= Ounces completed - Beginning Work in process ounces

= 67,000 - 16,700

= 50,300 ounces

5 0

3 years ago

Palmona Co. establishes a $310 petty cash fund on January 1. On January 8, the fund shows $217 in cash along with receipts for t

Lemur [1.5K]

Answer:

The answer and procedures of the exercise are attached in the following archives.

Explanation:

The first part of the journal entry would record the expenses as the receipt. Hence the expense account would be a debit. A corresponding entry would be a credit to the cash account to record the receipt of such expenses. This is done basis the basic accounting rule that increase in the asset and expense account signifies as debit and vice versa whereas increase in the liability and revenue account would be regarded as the credit.

The second journal entry would increase the petty cash account by $50 to raise the balance of existing petty cash from $280 to $330. A corresponding effect would be a credit to the cash account.

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4 0

3 years ago