What is operating a vocation? explain with example.

On the first day of its fiscal year, Chin Company issued $10,000,000 of five-year, 7% bonds to finance its operations of produci

icang [17]

Answer:

The description for problem is listed throughout the section there on the explanations.

Explanation:

(A)...

(1) Prepare your entry in the report to document the bonds issuance.

To track or record bond issues, debit card wallet, debit discount, including credit bond liable as seen below:

Date Account title Debit Credit

1st Jan Cash $9594415 -

Bond payable discount $405585

Payable bond $10000000

(2) Arrange the entry to report the first half yearly interest payment

For report semi-annual interest charges, departmental interest cost, credit discounts on bonds payable as well as credit cash as can be seen here:

Date Account title Debit Credit

30th June Interest expense $390559 -

Bond payable discount - $40559

Cash (10000000×3.5%) $350000

(3) Arrange the entry to report the Second half yearly interest payment

For report semi-annual interest charges, departmental interest cost, credit discounts on bonds payable as well as credit cash as can be seen here:

Date Account title Debit Credit

31st Dec Interest expense $390559 -

Bond payable discount - $40559

Cash $350000

(B)...

Evaluate the sum of first year bond interest.

Particulars Amounts

Interest expense (350000+350000) $700,000

Amortized discount (40559+40559) $81,117

For the first year, Interest expense $781,117

(C)...

The corporation sold the bond for $9,594,415 with a maximum interest of $10,000,000. That would be the $405,585 bond is sold cheaply. The debt are heavily discounted because bond market value is greater than that of the coupon price mostly on debt.

8 0

3 years ago

Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither

sertanlavr [38]

Answer: Statement 1 ( Laptop) = Producer surplus

Statement 2 ( watch ) = Neither

Statement 3 ( jersey sweater) = Consumer surplus

Explanation:

Hi, Consumer surplus happens when the price that consumers pay for a product or service is less than the price they're willing to pay.

Even though I was willing to pay up to $46 for a jersey sweater, I bought a jersey sweater for only $39. Consumer surplus

Producer surplus is measured as the difference between what producers are willing and able to supply a good for and the price they actually receive

I sold a used laptop for $149, even though I was willing to go as low as $140 .Producer surplus

I sold a watch for $59 on eBay last week. This week, someone offered me $145 for it. neither

Feel free to ask for more if needed or if you did not understand something.

5 0

3 years ago

With a cost-oriented pricing strategy, a price setter stresses the ____ side of the pricing problem and the price is set by look

NeX [460]

The answer to the first unknown is the "COST SIDE" while the answer to the second unknown in the problem is "PRODUCTION AND MARKETING COST". Hence, with a cost-oriented pricing strategy used and implemented by many companies, a price setter stresses the COST SIDE of the pricing problem and the price is set by looking at the PRODUCTION and MARKETING COST.

6 0

3 years ago

(tco 7) which access control method is characterized by the information owner being responsible for assigning privileges to appr

Tems11 [23]

Web applications need access controls to allow users (with varying privileges) to use the application.They also need administrators to manage the applications access control rules and the granting of permissions or entitlements to users and other entities. Various access control design methodologies are available. To choose the most appropriate one, a risk assessment needs to be performed to identify threats and vulnerabilities specific to your application, so that the proper access control methodology is appropriate for your application.

3 0

3 years ago

A ({bond} or {stock}) will pay income based on an interest rate, while a ({bond) or (stock)} may give dividends to investors. Bo

meriva

Answer:

A bond will pay income based on an interest rate, while a stock may give dividends to investors. Both interest income and dividends contribute to the return on an investment.

Explanation:

A bond is a long-term debt tool used by governments and corporations to raise funds. To investors, bonds offer long-term investment opportunities that pay interest based on the prevailing market rates.

A stock is the smallest unit of a company. Owning stock is owning a small portion of the company. Stockholders are entitled to share in the profits of a company; that's why they receive dividends.

An investment is a commercial undertaking that provides the investor with a financial gain. The financial gain or profits may be dividends from shares or interests from deposits.

5 0

3 years ago

What is operating a vocation? explain with example.​

What is operating a vocation? explain with example.