Zoe just opened a boutique and has recently had some issues. She has been

Ayayai Corp. issued 1,000 5%, 5-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid each January 1. (a) Pr

Ratling [72]

Answer:

Dr cash $1,000,000

Cr Bonds payable $1,000,000

Being issuance of bonds at face value

Explanation:

The cash realized from the bond issue is $ 1,000,000.00 (1000*$1000) since the bonds were issued at par value of $1000 each.

The correct accounting entries for the bonds issuance would a debit to cash account of $1,000,000 and a credit to bonds payable account for the same amount.

The rationale for this is that cash increased,hence the asset account is debited and liability,bonds payable also increased.

6 0

3 years ago

You are traveling to a business meeting and because you are not familiar with the area, you take a taxi from the hotel to the me

Ipatiy [6.2K]

Answer:

Yes you have violated ethical standards

Explanation:

The companie's policy is that all expenses must be reported. The taxi fare plus the tip were just $10 but you intend to report $20.

The company policy of not having to give receipt of amounts less than $25 is being manipulated to extort money from the company.

You were involved in a unethical practice where transport fare is reported as $20 instead of $10 for personal gain of the extra $10.

8 0

4 years ago

Stella, age 38, is single with no dependents. The following information was obtained from her personal records for the 2020 year

Yakvenalex [24]

Answer:

Net operating loss -$10,360

Explanation:

The computation of the net operating loss for the year 2015 is as follows:

Salary $30,000

Interest income 7,000

Alimony received 12,000

Less Individual retirement account contribution 2,000

Adjusted gross income $47,000

Home mortgage interest expense -$4,000

Property taxes -$2,000

Personal casualty loss ($38,000) - ($47,000 × 0.10) -$33,300

Stolen investment property -$16,000

Unreimbursed employee business loss ($3,000) - ($47,000 × 0.02) -$2,060

Net operating loss -$10,360

6 0

4 years ago

Dexter Metals, paid its first annual dividend yesterday in the amount of $0.18 a share. The company plans to double each annual

skad [1K]

Answer:

The price per share of this stock is $13.20

Explanation:

Using the dividend discount model, we can calculate the price per share today of this stock. The DDM values a stock based on the present value of the expected future dividends of the stock discounted using the required rate of return on the stock. The price o=per share today for this stock is,

P0 = 0.18 * (1+1) / (1+0.1024) + 0.18 * (1+1)^2 / (1+0.1024)^2 +

0.18 * (1+1)^3 / (1+0.1024)^3 + 1.25 / (1+0.1024)^4 + 1.25 / (1+0.1024)^5 +

(1.60 / 0.1024) / (1+0.1024)^5

P0 = $13.20

8 0

4 years ago

Tasty Tangerine is currently selling 50,000 boxes for $25 per box. Variable cost per box is $17 and fixed costs total $260,000.

prisoha [69]

Based on the changes,Tasty Tangerine's net income for the year will decrease by $16,000 from $140,000 to $124,000.

Data and Calculations:

Current sales unit = 50,000 boxes

Selling price per box = $25

Variable cost per box = $17

Total Fixed costs = $260,000

Contribution margin = $8 ($25 - $17)

Net income based on current sales plan = $140,000 ($8 x 50,000 - $260,000)

New Plan's sales units = 74,000 boxes

Selling price per box = $23 ($25 - $2)

Variable cost per box = $17

Total Fixed costs = $320,000 ($260,000 + $60,000)

Contribution margin per box = $6 ($23 - $17)

Net income based on new plan = $124,000 ($6 x 74,000 - $320,000)

Thus, the changes will cause Tasty's net income for the year to decrease by $16,000.

Learn more: brainly.com/question/6838514

4 0

3 years ago