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3 years ago

How much money is there in the world?

2 answers:

8 0

All of this depends on currencies in different in countries because it's all worth different amount like 1 US dollar is 0.76 Pounds.

An average for you in USD is 1.4 quadrillion dollars.

Darina [25.2K]3 years ago

6 0

Answer:

nobody don't have any ideas✓✓

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Concord Company had bonds outstanding with a maturity value of $311,000. On April 30, 2017, when these bonds had an unamortized

Dmitrij [34]

Answer:

Redemption of Old Bonds

4-30-17 Bonds Payable $311000 Dr

Loss on Bond Redemption $26550 Dr

Discount on Bonds Payable $11000 Cr

Cash $326550 Cr

Issuance of New Bonds

3-30-17 Cash $314110 Dr

Premium on Bonds Payable $3110 Cr

Bonds Payable $311000 Cr

Explanation:

Redemption of Bonds Payable

The maturity value for bonds payable is equal to the face value of these bonds. This means that the face value of old bonds was $311000.

The bonds were carrying a discount. Thus, the carrying value of bonds was

Carrying value = Face value - Discount

Carrying value = 311000 - 11000 = $300000

Bonds with a carrying value of $300000 were redeemed at 105% of the face value. The cash paid for redemption is,

Cash paid = 311000 * 105% = 326550

Thus, there was a loss on redemption of = 326550 - 300000 = $26550

Issuance of Bonds Payable

The bonds were issued at 101% of the face value which means they were issued at a premium.

The amount of premium on these bonds is,

Premium = Carrying value - Face value

Premium = 311000 * 101% - 311000

Premium = $3110

3 0

4 years ago

A manager is trying to see how business has been going. She wants to know if there is a need for any type of change in how they

Sveta_85 [38]

She should do C, to find the best way to optimize profits.

5 0

3 years ago

Read 2 more answers

Ignatenko Company purchased office supplies costing $5,000 and increased Supplies for the full amount. Supplies on hand at the e

Leto [7]

Answer:

a. Supplies Expense $3,700Supplies $3,700

Explanation:

The entries required when supplies are purchased is

Debit Supplies account

Credit cash/accounts payable

At the point of use of these supplies, the entries required are

Debit Supplies expense account

Credit supplies account

Hence the supplies used

= $5,000 - $1,300

= $3,700

Entries to be posted to adjust

Debit Supplies expense account $3,700

Credit supplies account $3,700

6 0

3 years ago

Under a municipal revenue bond rate covenant, rates must be set to cover all :_________

stepan [7]

Answer:

D. optional sinking fund deposits

Explanation:

The revenue bond rate convenants needed that the rate should be set for the level that could be enough for covering a facility operation and maintenance also the debt service cost is considered

But there is no requirement to cover the option sinking fund or the deposit with respect to the reserve fund

Therefore according to the given case, the option D should be chosen

7 0

3 years ago

What is a debit adjustment on a credit card?

Mnenie [13.5K]

It is a modification is started by the acquirer to redress a preparing mistake. The mistake could be a duplication of an exchange or the consequence of a cardholder question. The acquirer charges or credits the dealer DDA represent the dollar measure of the modification.

3 0

3 years ago