Answer:
$807,992
Explanation:
issue $902,000 with a 6% semiannual coupon and 10 year maturity. coupon payment = $27,060
if the annual market interest rate = 7.5%, the bonds should be sold at a discount:
issue price = present value of face value + present value of interest payments
- present value of face value = $902,000 / (1 + 3.75%)²⁰ = $431,961
- present value of annuity = $27,060 x {1 - [1 / (1 + 3.75%)²⁰]} / 3.75% = $376,031
issue price = $431,961 + $376,031 = $807,992
the journal entry should be:
Dr Cash 807,992
Dr Discount on bonds payable 94,008
Cr Bonds payable 902,000
Answer:
a. True
Explanation:
A partnership is a form of business that is owned by 2 or more people through signing of a partnership agreement. Each person is responsible for all the decisions made in the partnership and they share the net income. Details of how the net income is distributed is mentioned in the Partnership income statement. It will be divided equally among the partners as mentioned in the partnership agreement.
Answer:
d. parts enter the manufacturing process immediately; they are not warehoused.
Explanation:
The Just in Time inventory system is one where the management of a business increases efficiency and reduces inventory cost by obtaining raw materials for the production process just as they are needed.
This implies warehousing of unused raw materials is at a minimum. Thereby reducing warehousing cost.
So the option most close to JIT inventory method is - parts enter the manufacturing process immediately; they are not warehoused.
This method also requires accurate forecasting get what is actually needed per time.
<u>Answer:</u>
<em>"Life is the sum of all of your choices." This quote is something to think about, and could be taken in many different ways. Life takes you in different paths and during those paths you have to make lots of choices. some could be easy and some could be hard. some of those harder choices can turn out to be a mistake. maybe even the easy ones. your choices throughout life determines whether you would have it easy or hard, regret or fulfill, ior even just look back an say, "I wish I would have never done that choice" or "I'm so happy my choice made my life easier, better, and happier." that's how I would take it, however it can be determined in a very different way depending on the person. though I believe this would be the best answer.</em>
The relative absence of enterprises engaged in manufacturing and finance prior to the Civil War in the Southern states is most likely due to the South's over reliance on agricultural production in its economy. Prior to the Civil War the majority of the South's economy was dependent on the production of agricultural crops like cotton. Because of this the South did not develop other industries nor a major financial sector like the North had in the diversifying of its economy.
