Answer:
Explanation:
The journal entries are shown below:
Cash A/c Dr $582,000 ($600,000 × 0.97)
Discount on Bonds Payable A/c Dr $18,000
To Bonds payable A/c $600,000
(Being the issuance of the bond is recorded and the remaining balance is debited to the discount on bond payable account)
Cash A/c Dr $612,000 ($600,000 × 1.02)
To Bonds payable A/c $600,000
To Premium on bonds payable A/c $12,000
(Being the issuance of the bond is recorded and the remaining balance is credited to the premium on bond payable account)
Prox Inc. is a U.S.-based manufacturer of consumer electronics. It decides to export to Mexico and wants to protect its goods against damage, loss, and pilferage. The document which is applicable here is an A. <u>insurance certificate.</u>
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Explanation:
- A certificate of insurance is a document used to provide information on specific insurance coverage.
- The certificate provides verification of the insurance and usually contains information on types and limits of coverage, insurance company, policy number, named insured, and the policies' effective periods
- Certificate of Insurance is a summary document usually issued by an agent on behalf of an insurer that says a policy has been issued to an insured for a general type of risk.
- The Certificate is usually issued to a third party who wants some evidence or assurance that a policy has been issued.
- A certificate of insurance is requested when liability and large losses are a concern.
- Most commercial leases require the tenant to provide certificates of insurance or other evidence of insurance. Certificates of insurance are typically issued by an agent or broker for the named insured and set forth the coverages written for the insured
Answer:
THAT A SENTENCE NOT A QUESTION
Explanation:
Property taxes is based on <u>"how much a property is worth".</u>
Property taxes are a sort of "ad valorem" tax—the term is Latin for "as indicated by value"— so it pursues that they're determined dependent on an evaluation of your property's estimation. Nearby property charges subsidize schools, fire divisions and libraries, and they can be a noteworthy wellspring of financing for your city or region. Some property tax charges demonstrate subtleties on the amount of your cash goes to explicit government and open costs.
Seeing how property tax are determined is frequently a standout among the most confounding difficulties for mortgage holders. Calculations aren't constantly indistinguishable for every neighborhood government, yet they frequently pursue some broad guidelines.
Answer: The answer is a
Explanation:
Equity : This is the ownership claim to the resources of the firm. In equity financing funds are raised either by initial capital contribution by owners or by additional capital contribution by existing and new owners for example the sale of shares to shareholders or by reinvesting profit earned by the business. Where an existing business is being financed by equity involving funds from new investors, it means that the original owners of the business will have to share the ownership, risk and profit of the firm with the new investors.
Debt financing : This is when a company raise a capital for the day to day running of the company known as a working capital through the selling of bond to individuals or institutional investors, in which those individuals or the institutional investors will now become a creditors to the company. As a result of been the creditor to the company they will be paid interest on the amount of money they lend to such company. However, In selecting the sources of funds by a company, the following must be taken into consideration
Cost of obtaining the fund : The cost of obtaining the fund from the various sources must be weighed against the rate of return of the fund.
The burden and timing of principal and interest payment : The company must consider the timing of principal and interest payment. A company must not borrow what they cannot pay,the method of repayment may considerably affect the ability of the firm to repay the loan without difficulty.
Risk involved : This refers to the possibility that the contributor of the fund may someday seek to withdraw his investment or attract higher interest rate.
Maturity of the debt : The duration or the specific use of the money will determine the best sources for the money. They company must consider maturity dates of the loan because they must plan in advance to have sufficient cash on hand when the
