On January 1, 2020, Green Bay Enterprises issued 10%, 10-year bonds with a face amount of $2,000,000 at 108. Interest is payable annually on January 1. The entry when the bond was issued would include a

Answers

Answer 1

Answer:

1.credit to premium on bonds payable for $160,000

Explanation:

The journal entry to record the issuance of the bond is given below:

Cash     $2,160,000  ($2,000,000 × 108% )

            To Premium on Bonds Payable $160,000 ($2,160,000 - $2,000,000)

              To Bonds Payable $2,000,000

(Being the issuance of the bond is recorded)

Here the cash is debited as it increased the assets and credited the bond payable & premium on bond payable is credited as it increased the liabilities


Related Questions

If you deposit money in the bank, in essence, you are: Group of answer choices a borrower, since all bank funds are borrowed from the federal government. a supplier of funds, since the bank simply is an intermediary between those who want to borrow loanable funds and those who are willing to lend them (depositors). a supplier of funds, since the bank loans money to you. neither a borrower nor supplier of funds in this case, since you have neither lent nor borrowed money

Answers

Answer:

a supplier of funds, since the bank simply is an intermediary between those who want to borrow loanable funds and those who are willing to lend them (depositors).

Explanation:

A deposit money bank can be regarded as a financial intermediary that connects a supplier of fund to those in need of funds.

Deposit money banks practice what is known as fractional banking

Fractional banking is a banking system where a portion of customer's deposits is kept as reserves while remaining portion is lent out. The amount kept as reserves is determined by the required reserve ratio set by the Central bank.

If the required reserve ratio is 10% and $100 is deposited, reserves would be $10 and $90 would be lent out

why should we respect the life and culture of all people living in the country ?​

Answers

Explanation:

Culture forms our identities and attitudes, and intercultural communication allows us to embrace and sometimes even integrate and learn the language with many other communities to some degree. In modern environment, cultural diversity is becoming extremely significant. We should respect all culture and community.

After one has completed a bachelor's degree, what are the next
THREE degrees one can obtain if accepted?
(3 x 1​

Answers

Answer:

masters, doctoral, and associate

Explanation:

The next three are the Postgraduate diploma, Master of Science or Arts or Master of Philosophy( MPhil), and Doctor of Philosophy.

What are the next three degrees after a bachelors degree?

The other degrees are Postgraduate diploma. One can still get a Master's degree in terms of coursework or a Master's degree in terms of research and lastly, a Doctoral degree.

The bachelor honors degree is known to be the start  of a postgraduate specialization qualification and this is one that tend to prepares students for research-based postgraduate study.

Learn more about  bachelor's degree from

https://brainly.com/question/17496239

What is the purpose of credit legislation and what is its impact on individuals, companies, and financial institutions?

Answers

Answer:

here ;)

Explanation:

Its purpose is to protect consumers obtaining credit to finance their transactions, ensure that adequate credit is provided, and govern the credit industry in general. In 1968, Congress passed the Consumer Credit Protection Act in part to regulate the consumer credit industry.

Lani Co. uses the allowance method to account for bad debts. At the end of the year, their unadjusted trial balance shows an accounts receivable balance of $400,000; allowance for doubtful accounts balance of $400 (debit); and sales of $1,200,000. Based on history, Lani estimates that bad debts will be 1% of accounts receivable. The entry to record estimated bad debts will include a debit to Bad Debts Expense in the amount of:
A. $3,600
B. $4,000
C. $11,600
D. $12,400
E. $12,000
F. $4,400

Answers

Answer:

D. $12,400

Explanation:

Use the following formula to calculate the Bad debt expense for the period

Bad debt expesne = Debit balance of Allowance account + Allowance for the period

Where

Debit balance of Allowance account = $400

Allowance for the period = Account receivables x percentage of allowance = $1,200,000 x 1% = $12,000

Placing values in the formula

Bad debt expesne = $400 + $12,000

Bad debt expesne = $12,400

Answer: $4,400

Explanation:

Select the correct answer from each drop-down menu.

Complete the statements.

Rhonda works in the sales department of a service company. She is never late for work. She gets along well with her coworkers, but she has a habit of discussing the lives of other coworkers in their absence. So, although Rhonda is ____________
, she exhibits _________ with her coworkers.

options for first space: incompetent, nervous, punctual
options for second space: honesty, unprofessionalism, confidentaility

Answers

Answer:

1 punctual 2 unprofessionalism

she is punctual and has has an habit of being unprofessional

Which of the following types of exposure threaten patient information? Check all that apply.

transmission

disclosure

interception

interference

Answers

Answer:

.-.

Explanation:

Answer:

It's B: disclosure, C: interception, D: interference

Explanation:

On EDG2020

COLORADO HAS A STATE INCOME TAX OF 4.63% ON ALL INCOME AND A SALES TAX OF 2.9%. ARE THESE TAXES PROPORTIONAL, PROGRESSIVE, OR REGRESSIVE

Answers

Answer:

Progressive because It is a tax in which the tax rate increases as the income increases.

from 1960 to 1970, the consumer price index (CPI) increased from 29.6 to 38.8 if a dozen tangerines cost 0.31 in 1960 and the price of tangerines increase at the same rate as the CPI from 1960 to 1970, approximately how much did a dozen tangerines cost in 1970

Answers

Answer: $0.41

Explanation:

A consumer price index measures the average price changes of goods that are bought by people in an economy. It shows the level of inflation in an economy.

To calculate the cost of a dozen tangerines in 1970we have to know the percentage increase in price index from 1960 to 1970 and this will be:

= [(38.8 – 29.6) / 29.6] × 100%

= (9.2 / 29.6) × 100%

= 31.08%

Let's represent the price of a dozen tangerines in 1970 by X and solve. This will be:

31.08 = (X - 0.31) × 100 / 0.31

Cross multiply

(31.08 × 0.31) = 100X - 31

9.6348 = 100X - 31

100X = 9.6348 + 31

100X = 40.6348

X = 40.6348 / 100

X = 0.46348

X = 0.41

Therefore, the cost of a dozen tangerines in 1970 is $0.41

A vegetable farmer wishes to switch to a combination of trees and vegetables (agroforestry) on several hectares of her land to reduce erosion and to diversify what she grows. She needs to assess whether her land can produce as much income by growing two crops instead of one. The farmer estimates that the new tree crop would cover 40 percent of her fields, with the vegetable crop covering the other 60 percent. Which equation should she use to calculate how much total income she would get from using the new two-crop plan

Answers

The best equation to show her the income from her plan is (( Tree income per hectare) x total hectares x 0.4) + (( Vegetable income per hectare) x total hectares x 0.6)

Finding the income from trees

Trees will cover 40% of the field. The income would be

= Amount earned from trees per hectare x Number of hectares used by trees

Number of hectares used by trees = 40% x Total number of hectares

Income from trees will be:

= Amount earned from trees per hectare x 40% x Total number of hectares

= Tree income per hectare x 0.4 x Total hectares

Income from vegetables

Applying the same method as above:

= Amount earned from vegetables per hectare x 60% x Total number of hectares

= Vegetable income per hectare x 0.4 x Total hectares

Total income

= Sum of both

= (( Tree income per hectare) x total hectares x 0.4) + (( Vegetable income per hectare) x total hectares x 0.6)

Find out more on benefits of diversification at https://brainly.com/question/14081320.

purpose of the labor relations act​

Answers

Answer:

of what exactly????

Explanation:

What advantage is there for a company to offer products at prices below actual market value? Multiple choice question. It maximizes profits for the company under any market conditions. It keeps the level of production low so the company will not be overwhelmed with orders. It circumvents the experience curve effect. Customers are more likely to try the product because they are not risking as much money.

Answers

Answer: Customers are more likely to try the product because they are not risking as much money.

Explanation:

Many market have competition, despite customers want the best for their money, they still want the best various prices especially that which is a bit lower, so they know they are not spending much but also getting the best. Some organization would want to sail their market either when entering the market or when they are experiencing a low sales, they now consider reducing the price of their items, in this case, customers would consider them because they are not spending much money

A cowboy hat manufacturer was interested in knowing how to price his or her work based on data rather than "gut feelings." He or she found that pricing concepts involve a language of special terms. Fill in the blanks with the word or phrase from the drop-down list that is among these special terms and would best complete each sentence. Words may be used more than once.

_____ refers to the portion of sales revenue left over after paying the product costs of cowboy hats. Target ____ are often based on norms in the hat industry. Cost-based pricing for cowboy hats uses the_____ plus a target _____ to calculate the sales price. Other term for margin is _______.
- margin
- markup percentages
- product costs/ markup precentage

Answers

Answer:

the last one

Explanation:

Suppose, Joe owns a custom decal shop. The Merry Maids maid service company orders seven $100 decals for its company vehicles. Then the maid service breaches the contract after the goods were produced, but before they were delivered. As a result, Joe has a bunch of custom decals for the maid service that he cannot resell. However, by a stroke of luck, a maid service from a nearby city that is also named Merry Maids desires labels for their car. They pay $50 per label for the seven labels that Joe already made. If Joe were to sue for damages, how much could he recover

Answers

Answer:

$350

Explanation:

Calculation to determine how much could he recover

Using this formula

Recovering Amount=Amount paid per Label*Numbers of Label already made

Let plug in the formula

Recovering Amount=$50*7

Recovering Amount=$350

Therefore If he were to sue for damages the amount he could recover is $350

SECTION B
ANSWER ALL ITEMS IN THIS SECTION.
1. Fill in the blanks by classifying the following activities as primary, secondary or
tertiary production.
(Total 5 marks)
A
= Banking
В.
= Forestry
С.
Canning of fish
D.
= Doctor
Е.
Working as a lumberjack

Answers

ANSWERS:

A-tertiary
B-primary
C-secondary
D-tertiary
E-primary

PLEASE MARK ME BRAINLIEST

Clarity the similarities and differences
between plough and tractor.​

Answers

Answer:

Explanation:

1. Plough is a local technology whereas Tractor is a modern technology.

2. Plough requires human energy whereas Tractor does not require much human energy.

3. Plough doesn’t affect the environment whereas Tractor affects the environment.

4. Lever technology is used in Plough whereas Rolling technology is used in Tractor.

5. Plough requires or consumes more time whereas Tractor consumes less time.

Hope this helped!!!

Match each Investment or savings option with the income source(s) It provides to investors.

Tiles

capital gains only

Interest income only

capital gains and dividends

capital gains and interest Income

Hola

Pairs

trading in bonds

buying and selling properties

trading in company stocks

opening a CD account

Answers

Answer:

Investment/savings                         Income sources

Trading in Bonds :                            Capital gains and interest income

Buying and selling properties :       Capital gains only

Trading in company stocks :           Capital gains and Dividends

Opening a CD account :                  Interest Income only

Explanation:

Investment/savings                         Income sources

Trading in Bonds :                            Capital gains and interest income

Buying and selling properties :       Capital gains only

Trading in company stocks :           Capital gains and Dividends

Opening a CD account :                  Interest Income only

Capital gains is a source of income made from the sale of assets such as Bonds or other forms of security such as stocks and real estate , while Interest income is a type of income earned while trading in Bonds and opening and maintaining  a CD account .

by which process is the glucose absorbed​

Answers

Glucose and galactose are absorbed across the apical membrane by secondary active transport (along with Na+) through the Sodium-Glucose cotransporter (SGLT1). Both glucose and galactose exit the cell via GLUT2 receptors across the basolateral membrane into the blood.

Glucose is absorbed into the small intestine

What contributions of Early Management theorists would still be applicable to today's organizations?

Answers

Answer:

The need for the formal management theories were important as seen by the Industrial revolution, in the construction of the Egyptian pyramids and many more.

Explanation:

Management theories are concepts that surrounds the management theories  that includes tools such as guidelines and framework which are implemented in the modern day organizations.

We can see the early examples of the management practices that are used in the construction of arsenal of the Venice and also when Egyptian pyramids were constructed. One more example is the industrial revolutions where it was more economical to manufacture the produce or manufacture at the factories than at home. Here managers needed formal management theories to control and guide them.

Today the managers used the concepts of the scientific management at times where they analyze the normal work tasks that needs to be performed, to use the time as well as motion study to eliminate the wasted motions and to hire the best qualified worker for the job.

The theories are best selected to structure their organizations for the resources to be used efficiently and effectively.

The exchange gain or loss on repatriated funds from a foreign branch is calculated by multiplying the nominal amount of the funds by: Group of answer choices the difference between the exchange rate at the beginning of the year and the exchange rate at the end of the year. the difference between the exchange rate on the date of repatriation and the exchange rate used to translate the branch's pretax income. the difference between the current exchange rate and the exchange rate at the end of the year. the difference between the exchange rate on the date of repatriation and the exchange rate at the beginning of the year.

Answers

Answer: the difference between the exchange rate on the date of repatriation and the exchange rate used to translate the branch's pretax income.

Explanation:

Repatriation simply means converting of foreign currencies into local ones. Earning of income in foreign currencies, by a comoany are typically subject to risk regarding foreign exchange which could bring about a loss.

It should be noted that the exchange gain or loss on repatriated funds from a foreign branch is calculated when the nominal amount of the funds is multiplied by the difference between the exchange rate on the date of repatriation and the exchange rate used to translate the branch's pretax income.

nvestment advisors at your local bank branch office: a) Are not able to plan strongly diversified portfolios for their customers b) Must be transparent about their rates and services c) Are working solely on behalf of their customers to earn money d) Do not advise their customers on their financial goals

Answers

Answer:

b) Must be transparent about their rates and services

Explanation:

investment advisors at your local bank branch office: Must be transparent about their rates and services

Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.

Answers

Answer: bureaucracy

Explanation:

Bureaucracy could be described as having a company or an industry being controlled by some set of individuals yet have little or no result to show. These control in most cases diminishes the flow of effective operation in the firm.

The I. T organization is having a bureaucracy issue, where decisions are only made at the top with no contribution from those carrying out the job. The input of those carrying out the job at the bottom could be very effective to change things in the organization.

Answer:

"bureaucratic barriers"

Explanation:

i got it right on plato

prove that your uncle is robert downey jr.

Answers

Answer:

I have the iron man skin in fort.nite that he gave me

Explanation:

Select the correct answer.

Why do some critics feel that the IMF should not act to influence exchange rates under some conditions?

A.
They believe that wild swings in currency exchange rates are healthy.
B.
They believe that currencies must find their own market levels.
C.
They fear that the IMF may take over the country’s economy.
D.
They fear that politicians may be using the IMF to cover up their actions.

Answers

Answer:

Explanation:

They believe that currencies must find their own market levels.

what are important of storing​

Answers

Answer:

I'm sorry, but the way you worded this is impossible to understand. SO therefore, I cannot answer your question.

Explanation:

Louis and Greg entered into an oral contract whereby Louis would transfer real estate he owned in Long Beach to Greg. In exchange, Greg agreed to pay $300,000.00 to Louis. Two days later, Louis received an offer from Ken to buy the real estate for $500,000.00 (the real fair market value). Louis then claimed that his contract with Greg was unenforceable since there was insufficient consideration by Greg and the contract had to be in writing. Which of the following is the best description of Louis's claim as to his contract with Greg?
A. The contract did not have consideration because $300,000.00 is unreasonable given the fair market value of the real estate and was obviously made by mistake.
B. The contract was void because it was not in writing.
C. The contract had consideration because Greg agreed to pay $300,000.00 for Louis's real estate and the contract had been fully performed because there was nothing left to be negotiated.
D. The contract did have consideration but was voidable as an oral contract because Louis had not fully performed.

Answers

Answer: The contract had consideration because Greg agreed to pay $100K for Louis's real estate and the contract had been fully performed

Explanation:

After the economic recession, the boating industry suffered from a decline in sales. However, recent sales forecasts indicate that the upcoming season will produce a strong demand for boats and boating equipment. Based on this, Lynn has decided to ramp up production this winter of both his bass fishing boats and speed boats, keep them in storage until the boating sales season officially resumes, and hope that customers will buy them. This is an example of a ________ strategy.

Answers

Answer:

push strategy

Explanation:

The push strategy consists of a marketing strategy whose objective is to make customers buy the products of a company through the use of marketing to attract consumers, for example, advertisements on social media, advertising on TV, exhibitors, etc.

In this strategy, the company searches for its customers by running ads about the benefits and features added to its product so that the customer knows the product and thus decides to make the purchase.

Shaili bought a bond from Penny’s Pickles, Inc at par value ($1000) with a coupon rate of 6% and a maturity date 10 years in the future...

If interest rates are currently 3.5%, and Shaili sold the bond today, would she expect to get more than, less than, or equal to $1000 for it?

Answers

Answer:

I believe its less than.

Explanation:

Sorry if I am wrong

Charge cards require the cardholder to pay the full balance each due date.
True
or
False

Answers

I guess it is False.

Question 7 (1 point)
What is the impact of the Online Funds Transfer - From Savings that appears on John's statement?
ООО
0 0
John's Savings account balance increased by $50 and his Checking account balance had no change
John's Savings account balance had no change and his Checking account balance declined by $50
John's Savings account balance declined by $50 and his Checking account balance increased by $50
John's Savings account balance increased by $50 and his Checking account balance declined by $50

Answers

Answer: John's Savings account balance declined by $50 and his Checking account balance increased by $50

Explanation:

The checking account statement shows that there was an online funds transfer from Savings into the checking account.

The checking account will therefore increase by $50 because money was transferred into it and therefore added to its balance. The savings account on the other hand, will reduce by the same amount because it transferred the money into another account.

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How much paper is needed to cover a rectangular bulletin board that is 29 in. wide and 37 in.high?A. 132 in2B. 536.5 in?C. 957 in?D. 1,073 in? Which sentence provides an example of parallel structure?1.The pictures were old and faded, but they were valuable nonetheless.2.The children played on the playground, had a picnic, and they are eating lunch now.3.Sewing your own clothes is more economical than to buy them new.4.Valerie doesn't like horror movies, dramas, or watching game shows. Which of the following is the best definition of the term fractions?A) algebra equationsB) historical dataC) true storiesD) opposing forces 100,000^1/5 x a + 1,000,000^1/2 x a Whats the correct answer for this? Ecosystems can stay stable for hundreds of years, but loss of resources or addition of disease can quickly change the dynamics of said ecosystem.TrueOFalse find the length of the side (x) Ruby uses 3/8 of a cup of blueberries for her smoothie. If she has 4cups of blueberries, how many smoothies can she make?plz help quick In paragraph 3, the author writes that "Jefferson was sotaken with his birds."Which sentence has the same meaning as the author'sstatement?01. Jefferson worried about his birds.2. Jefferson was charmed by his birds. .3. Jefferson took his birds everywhere.4. Jefferson was responsible for his birds. Pls help with number 1 Ill give brainliest thank youu!! The photo shows a pair of figure skaters performing a spin maneuver. Theaxis of rotation goes through the left foot of the skater on the left. Whataction could increase the pair's angular velocity? Read the sentence."Knowing her, she'd probably still be polishing her homework to a mirror finish, but she wouldn't mind my sunny presence."What does the reader learn about Charlotte from this sentence? A. She does not have many friends. B. She takes her school work very seriously. C. She has recently been fighting with Mia. D. She needs help with her homework from Mia.Part 2Which quotation supports the correct answer to Part 1? A. "She turned around from her desk and smiled sheepishly at me." B. "'Wow, you're such a fast worker, Mia.'" C. "Charlotte frowned and said, 'But if you forget something important, you'll lose points on your report grade.'" D. "To loosen up a bit, I caught Charlotte's eye and made a silly face at her, which made her smile." what four things did conquered areas bring to the roman republic? Pls help will give 100 points What event was a cause leading to Japan's attack on Pearl Harbor? Suppose that 37.4% of all college football teams had winning records in 1998, and another 24.8% broke even. What is the probability that a randomly chosen college football team had a losing record in 1998?Btw is homework, and its a grade so yk :) In which type of government is power divided between a centralgovernment and several local governments? Pls help I dont remember how to do this Which food belongs to the grains food group?A raisinsB. fromageC. citrouilleD. pain What impact does the ocean have on the climate