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1 year ago

Why are most economies in the world today considered mixed economies?.

Business

1 answer:

Allushta [10]1 year ago

5 0

Answer:

Why are most economies in the world today considered mixed economies? Most economies are considered mixed because most have some portion of the means of production under government control. Most economic systems also have some element of the market or capitalism.

Explanation:

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Inflation is when _________ money is paid for the same amount of goods and services than in a previous time period. the same amo

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Answer:

Explanation:

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2 years ago

Analyzing and Reporting Financial Statement Effects of Bond Transactions Winston Inc. reports financial statements each December

attashe74 [19]

Answer and Explanation:

The financial statement effects template to reflect the following events is shown below:-

Balance Sheet

Transaction Cash assets + Non Cash = Liabilities+Contributed assets capital Earned Capital

a. $400,000 $400,000

b. -$18,000

-$18,000

c. -$202,000 -$202,000

Income statement

Transaction Revenue - Expense = Net income

b. $18,000 -$18,000

c. $2,000 -$2,000

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3 years ago

On January 1, 2019, Amazon issues $100,000 in bonds having a stated rate of 10%. The bonds mature in 2 years (Dec. 31, 2020) and

Nutka1998 [239]

Answer:

cash 96,535 debit

discount on BP 3,465 debit

Bonds Payable 100,000 credit

Explanation:

We need to determinate the price at which the bonds were issued:

Which is the present value of the coupon payment and maturity

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

Coupon payment: 100,000 x 10% / 2 = 5,000

time 4 (2 years x 2 payment per year)

rate 0.06 (12% annual / 2 = 6% semiannual)

$5000 \times \frac{1-(1+0.06)^{-4} }{0.06} = PV\\$

PV $17,325.5281

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity (face value) $100,000.00

time 4.00

rate 0.06

$\frac{100000}{(1 + 0.06)^{4} } = PV$

PV 79,209.37

PV c $17,325.5281

PV m $79,209.3663

Total $96,534.8944

As the bonds are issued below face value there is a discount:

100,000 - 96,535 = 3,465

the entry will recognize the cash procceds and the creation of a liaiblity

we will also use an auxiliar account for the discount on the bonds

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3 years ago

During February, assets increased by 87000 and liabilities increased by 31000 . Equity must have:___________.

Pie

Answer:

a. increased by $56,000

Explanation:

General accounting equation ;

Assets = Liabilities + Owners equity

Owners equity = Assets - Liabilities.

Therefore,

Increase in stockholder's equity

= $87,000 - $31,000

= $56,000

3 0

3 years ago

On January 1, a company issues bonds dated January 1 with a par value of $730,000. The bonds mature in 3 years. The contract rat

quester [9]

Answer:

a. Debit interest expense $38,500; credit discount on bonds payable $2,000; credit cash $36,500

Explanation:

As the bonds are sold less than the face vaue then it is said the bonds are issued on discount, we need to calculate the discount on the bond

Discount on the bond = Face value of bond - Issuance value of bond = $730,000 - $718,000 = $12,000

The discount will be amortized over the life of the bond

The first interest and its amortization is as follow

Cash Payment = Face value x Coupon rate x Semiannual fraction = $730,000 x 10% x 6/12 = $36,500

Amortization of discount on bond = Discount on Bond / Total Numbers of periods = $12,000 / ( 3 years x 2 payment period per year ) = $2,000 per eperiod

The cash will be credited by $36,500

The bond liability will be credited by $2,000

Hence the interest exepense will be debited by $38,500 ( $36,500 + $2,000 )

6 0

3 years ago