Based on the information the appropriate journal entry to record the transaction is : Debit to cash of $100,000; Credit to bonds payable of $100,000.
Based on the information given we were told that the cash amount of $100,000 cash was received my the company in exchange for issuing 100 bonds at their $1,000 face value.
Therefore the correct journal entry to record the transaction is:
Debit Cash $100,000
Credit Bonds payable $100,000
(To record bonds payable)
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Answer:
=$434
Explanation:
FUTA and SUTA tax rate are applied to the first $7,000 of an employee's pay. Here the employee earned $8,900 but we will only tax the $7,000 due to the pre-condition of taxing the initial $7,000 amount.
FUTA tax rate = 0.8%
SUTA tax rate = 5.4%
Taxable pay = $7,000
Payable Tax = 7000(0.8%) + 7000(5.4%)
= 56 + 378
=$434
The amount of total unemployment taxes the employer must pay on this employee's wages is $434.
Answer:
NSE provides trading in the following two segments (i) Whole Sale Debt Market Segment This segment provides a trading platform for a wide range of fixed income securities that include central government securities, treasury bills, state development loans, bonds issued by public sector undertakings, floating rate bonds, ...
Answer:
The correct answer is the first option: Because of our limited incomes conflicting with our insatiable wants for goods and services.
Explanation:
To begin with, in the microeconomics theory, the individuals agents that are the consumers are all the time trying to satisfy their needs due to the fact that there is an unlimited desire for goods and services that keep continue to grow all the time and that conflicts with the fact that most of the people have only few and limited resources to get the necessary income to obtain all of those goods and services. That is why that the consumers always look for the way to maximize their satisfaction according to the available income that they have with the purpose to spend it on those goods and services.
The quoted selling price per unit for 500 units should be $20.
<h3>What should be the quoted selling price per unit?</h3>
Profit is total revenue less total selling price.
Profit = total revenue - total cost
$4500 = 500(t - $11)
Where t represents the selling price per unit
$4500 / 500 = t - 11
$9 = t - 11
t = 11 + 9 = $20
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