The carrying amount of the bonds on Cody Co.'s December 31, Year 1, balance sheet should be reported as $1,198,000, representing the purchase price of the bonds with a premium. So, the correct answer is A).
To determine the carrying amount of the bonds on Cody Co.'s December 31, Year 1, balance sheet, we need to consider the bond's face amount, any premium or discount, and the amortization of the premium or discount.
Given that Cody Co. paid $1,198,000 for $1 million face value bonds, it indicates that the bonds were purchased at a premium. The premium can be calculated by subtracting the face value from the purchase price:
Premium = Purchase Price - Face Value
Premium = $1,198,000 - $1,000,000
Premium = $198,000
Next, we need to calculate the bond interest expense using the effective interest rate method. The interest expense is calculated as the product of the carrying amount, interest rate, and fraction of the year. Since interest is paid on December 31 and June 30, the fraction of the year for December 31 is 6/12 or 0.5.
Carrying Amount = Face Value + Premium - Discount
Since the bonds were purchased at a premium and there is no mention of a discount, the carrying amount is
Carrying Amount = Face Value + Premium
Carrying Amount = $1,000,000 + $198,000
Carrying Amount = $1,198,000
Therefore, the correct answer is A. $1,198,000, which should be reported as the carrying amount of the bonds in Cody's December 31, Year 1, balance sheet.
To know more about interest rate:
https://brainly.com/question/28272078
#SPJ4
--The given question is incomplete, the complete question is given below "On July 1, Year 1, Cody Co. paid $1,198,000 for 10%, 20-year bonds with a face amount of $1 million. Interest is paid on December 31 and June 30. The specific interest rate is 5%. The bonds were purchased to yield 8%. Cody uses the effective interest rate method to recognize interest income from this investment. The bonds are properly classified as held-to-maturity. What should be reported as the carrying amount of the bonds in Cody�s December 31, Year 1, balance sheet?
A. $1,198,000
B. $1,195,920
C. $1,193,050
D. $1,207,900"--
Vail is one of the largest ski resorts in the united states. suppose that on october 1, 2024, vail sells gift cards (lift passes) for $103,000. the gift cards are redeemable for one day of skiing during the upcoming winter season. the gift cards expire on april 1, 2025. customers redeem gift cards of $20,300 in december, $30,300 in january, $25,300 in february, and $15,300 in march.
1. record the sale of gift cards on october 1, 2024.
2. record the redemption of gift cards as of december 31, 2024.
3.record the redemption of gift cards in 2025 by preparing a summary entry as of march 31, 2025.
4. record the expiration (breakage) of gift cards on april 1, 2025.
Debit gift cards will be converted to credit gift cards at the following dates: October 1, 2024, December 31, 2024, March 31, 2025, and April 1, 2025. Debit gift cards will be converted to credit gift cards at the following dates: 15,300$ on March 31 and 37,100$ on April 1.
What details are printed on gift cards?It doesn't have to be difficult, and your customers will notice it more readily if it is more transparent. We advise writing your address, email, website, or other contact details on the gift card's back. You want to be discoverable by others.
What are gift cards and how do they operate?An alternative method of payment is a gift card. It is also like a gesture of goodwill for the customers.
To know more about Gift Cards visit:
https://brainly.com/question/17419140
#SPJ4
A pooled queue system is able to operate more effectively than a separate queuesystem by______A making servers work more B. making servers work fasterC. taking advantage of economies of scale D. taking advantage of economies of scopeoff
A pooled queue system is able to operate more effectively than a separate queue system by taking advantage of economies of scale. In a pooled queue system, multiple servers are shared among customers, allowing for a larger overall capacity and greater efficiency in serving customers. This is because the servers can be allocated based on demand, and the workload is distributed more evenly among them. Additionally, the system can operate with fewer idle servers, reducing the cost of unused resources.
In contrast, a separate queue system requires dedicated servers for each customer or service, which can lead to inefficient use of resources and increased costs. This is because servers may sit idle while others are overworked, leading to longer wait times and a higher likelihood of customer dissatisfaction.
Overall, a pooled queue system is more effective because it allows for greater flexibility and efficiency in serving customers, reducing wait times and improving overall service quality. By taking advantage of economies of scale, the system can operate more efficiently and cost-effectively, ultimately benefiting both customers and service providers.
To know more about economies visit:-
https://brainly.com/question/2421251
#SPJ11
What subjects are required to become a real estate agent?
Answer:
this is ans:
Explanation:
Before you can take the real estate license exam, you will take classes in subjects like real estate fundamentals, real estate law, and mortgage financing. You can take these courses at a community college, state college, or university to earn a certificate, an associate degree, or a bachelor's degree in real estate.
In distinguishing between firm strategies for developing new products, a pioneer firm will be more likely to rely on its ______, whereas a follower firm will be more likely to ______ for ideas.
a. look within; scan the outside
b. look inside; scan the perimeter
Answer:R&D department, scan the market
Explanation:
glow pets, from the makers of pillow pets, are a light-up pillow product designed for young children. the pillows are colorful animals that produce a soft light for 20 minutes at a time and were produced for children with a fear of the dark. the company aired ads on various tv programs showing children being comforted and sleeping restfully with a glow pet, making parents and kids alike desire such a situation. the content of the advertising's message most likely focuses on which stage of the consumer purchase decision process?
The consumer purchase decision process at stage of problem recognition.
The purchaser choice-making technique entails five fundamental steps. that is the method by which purchasers examine making a purchasing decision. The 5 steps are trouble reputation, records seek, options assessment, buy selection and post-purchase evaluation.
It's important to understand the client decision-making manner because it lets in you to expect the needs of customers , which in turn facilitates you intend advertising and marketing or sales strategies based totally on the ones needs.
Customer decision making procedure entails the purchasers to discover their needs, acquire records, evaluate alternatives after which make their shopping for choice. The consumer conduct may be determined with the aid of economic and psychological factors and are inspired by way of environmental factors like social and cultural values.
Learn more about purchase decision here : https://brainly.com/question/23176347
#SPJ4
Paula is a computer programmer and is very good at her job. The company Paula works for announces that they will be using brand new software tools. None of the current programmers, including Paula, know how to use these new software tools, but the company would like them to try to learn.
Answer:
offer to learn the new programming software tools
Explanation:
As per the given situation, the company will use new program software in which Paula works as a computer programmer but he didn't know about the new software tool. So in this case, the company will give the offer to learn the programming software so that the employees can learn and use into the company work.
what are some choices you have made/could make that would influence your future choices and options?
i rly need someone's help asap, thanks in advance! (not business, it's career ed. just chose the subject closest to it).
Answer:
I would have good company.
I would ensure that I have good communication skills.
I would have a mentor in my choice of career/study or life in general.
I would have a personal relationship with God.
Explanation:
In order for me to influence my future choices positively,I have to uphold certain principles or values like honesty,open mindedness and tolerance so as to achieve my goals.
Suppose a self-regulating economy is in a recessionary gap at the time the Fed enacts expansionary monetary policy. Furthermore, suppose the Fed is able to enact expansionary monetary policy in such a precise way that the economy moves from a recessionary gap into long-run equilibrium, if there are no other changes in the economy. The combination of expansionary monetary policy and a self-regulating economy will cause
The combination of expansionary monetary policy and a self-regulating economy will cause real GDP will rise to the level above natural real GDP and the recessionary gap would hence turn into an inflationary gap situation.
What do you mean by monetary policy?Monetary Policy refers to the control of the quantity of money available in an economy through which new money is supplied.
The self-regulating economy experiences a recessionary gap. The real GDP is less than the level of natural real GDP. The gap is been corrected by the rightward shift in the short-run aggregate supply curve.
Due to interplay, real GDP will rise to the level above natural real GDP and the recessionary gap turn into an inflationary gap.
Learn more about Monetary policy here:
https://brainly.com/question/3817564
#SPJ1
how the company handles its credit accounts. this includes methods of invoicing and collecting past-due accounts.
How the company handles its credit accounts. this includes methods of invoicing and collecting past-due accounts' cost of capital.
An invoice, invoice or tab is a business document issued via a vendor to a customer regarding a sale transaction and indicating the products, quantities, and agreed-upon expenses for products or services the vendor had supplied the purchaser. fee terms are normally said at the bill. these may also specify that the customer has a most number of days to pay and is every now and then supplied a reduction if paid before the due date. The consumer ought to have already paid for the goods or offerings listed at the invoice. To keep away from confusion and consequent pointless communications from consumer to supplier, a few dealers simply state in huge and capital letters on an bill whether or not it has already been paid. From a dealer's factor of view, an invoice is a sales invoice. From a client's factor of view, an bill is a buy invoice. The file indicates the consumer and seller, however the term bill indicates cash is owed or owing.
Learn more about invoicing here
https://brainly.com/question/24086159
#SPJ4
The company's materials price variance for April was $3,000 Favorable. Its materials quantity variance for April was $5,000 Favorable. What does the company use as a standard price per yard of material for its safety suits?
Answer:
the standard price per yard is $6.25
Explanation:
The computation of the standard price per yard is shown below;
Material quantity variance = Standard Price × (Actual quantity - Standard quantity)
-$5,000 = Standard price × (10,000 - 10,800)
Thereore Standard price = -$5,000 ÷ (-800)
= $6.25
Hence, the standard price per yard is $6.25
We simply applied the above formula so that the standard price per yield could come
Vendors provide restaurants with what?
OA
cooked items
OB.
raw materials
Oc.
furniture
OD.
menu recipes
Answer:
raw materials
Explanation:
melinda could recall the brand of toothpaste she used only when a marketing researcher mentioned the brand. this is known as
Melinda's ability to recall the brand of toothpaste only when a marketing researcher mentioned it is known as aided recall.
Aided recall is a type of market research technique used to assess the effectiveness of a company's marketing efforts by measuring how well consumers can remember specific brand names or products when prompted with certain cues or prompts.
In this case, the marketing researcher prompted Melinda with the brand name, and she was able to recall it.
Aided recall is often used in surveys or focus groups, where participants are asked to recall specific products or brands that they may have encountered in the past.
By measuring aided recall, marketers can gain insights into how well their promotional efforts are resonating with their target audience and make adjustments as needed to improve brand recognition and recall.
To Know more about aided recall, refer here:
https://brainly.com/question/30798631#
#SPJ11
which causes US GDP to increase? a.japan exports more goods to US b.US government reduces government expenditure c. US sells more goods to japan d.there is a fall in consumption level in US
The US sells more goods to japan which causes US GDP to increase. The correct option is C.
Why was the US occupation of Japan successful?Japan's land reform was a major success of the US-led occupation. Agricultural land became so cheap as a result of this reform that all tenant farmers who worked for rent were able to buy their own lands by becoming landlords.
Not only did the US absorb Japanese exports and tolerate Japanese protectionism, but it also subsidized the Japanese economy and converted technology to Japanese firms. When a company sells goods, it sells them to a foreign market, which includes consumers, businesses, and governments in other countries. These exports bring money into the country, increasing the GDP of the exporting nation.
Thus, the ideal selection is option C.
Learn more about The US and Japan here:
https://brainly.com/question/3453326
#SPJ2
which one of the following statements is correct with respect to the characteristics of the products liability loss exposure? A. If losses are not fortuitous, premiums could increase for all policyholders. B. If a loss is fortuitous, the chance of loss could increase as soon as a policy is issued. C. Private insurance is suitable for risks where the probability and timing of loss is known. D. If the insured has control over whether or when a loss will occur, the risk is attractive to insure
The statement given in option A is correct in context to the characteristics of the product's liability loss exposure, which is 'If losses are not fortuitous, premiums could increase for all policyholders'.
Product liability is referred to as the loss exposure a company faces as a result of manufacturing, selling, or distributing a defective or n unsafe product. Any company that makes or sells such products is at risk. Associated injuries, loss or damage may occur virtually anywhere across the world once the company's products or goods have been manufactured or sold.
The rest of the statements given in the options are not correct since none of them describes characteristics related to liability loss exposure of a product.
You can learn more about liability loss exposure at
https://brainly.com/question/17151372
#SPJ4
Click this link to view O*NET’s Work Activities section for Registered Nurses. Note that common activities are listed toward the top, and less common activities are listed toward the bottom. According to O*NET, what are some common work activities performed by Registered Nurses? Select four options.
communicating with supervisors, peers, or subordinates
making decisions and solving problems
repairing and maintaining mechanical equipment
drafting technical devices
assisting and caring for others
documenting/recording information
Some common work activities performed by Registered Nurses are:-
Making decisions and solving problems.Assisting and Nurses for others.Communicating with supervisors, peers, or subordinates.Drafting technical devices.Evaluating, Nurses watching, and conversing with patients keeping a record of the symptoms, medical history, and state of health of the patient. Patient Care preparation for examinations and treatment. administering medications and therapies, then keeping track of patients' reactions and negative effects.
Usually, Nurses EMTs and paramedics do the following tasks: Respond to 911 calls for emergency medical help, such as doing CPR or bandaging a care wound. Typically, bioengineers and biomedical engineers do the following tasks: Create tools and gadgets, such as synthetic internal organs, body part replacements.
To learn more about Nurses, click here.
https://brainly.com/question/16741035
#SPJ1
periodic evaluation is part of the systems maintenance phase of the systems life cycle. true false
False. Periodic evaluation is not part of the systems maintenance phase of the systems life cycle.
The systems maintenance phase of the systems life cycle involves activities aimed at keeping the system in optimal working condition and ensuring its ongoing functionality. This phase typically includes tasks such as monitoring system performance, applying updates and patches, troubleshooting and resolving issues, and conducting regular maintenance activities. While periodic evaluation is an important practice for assessing the effectiveness and efficiency of the system, it is not specifically tied to the maintenance phase. Instead, periodic evaluation is typically performed during the systems development phase to assess the system's initial design and functionality or during the operations phase to evaluate its ongoing performance. These evaluations help identify areas for improvement and guide decision-making regarding system enhancements or modifications.
Learn more about periodic evaluation here: brainly.com/question/28328679
#SPJ11
A stock is priced at $85 per share and pays a quarterly dividend of $2.10 per share. What is the dividend yield per stock share per year?
Your customer, a small business owner likes investments that are short term, relatively safe from credit risk and liquid. He's heard that higher rates of return can be realized from auction rate securities than the rates he is currently getting on the Treasury bills in his portfolio. He asks you to explain them to him. Which of the following would you note as being reasons why they are not suitable for your customer? I. Auction rate securities are intended as long-term investments.II .Interest or dividend rates are reset at established intervals based on a Dutch auction.III. If the auction fails, holders of ARSs may not have immediate access to his funds.IV. The interest or dividend rate is set as the lowest rate to match supply and demand at the time of the auction
Answer:
Correct Answer:
III. If the auction fails, holders of ARS's may not have immediate access to his funds.
Explanation:
Auction rates securities are debt or preferred equity securities that have interest rates that are periodically re-set through auctions, typically every 7, 14, 28, or 35 days. Also, ARS are generally structured as bonds with long-term maturities (20 to 30 years) or preferred shares (issued by closed-end funds). Failure of auction leads to the holders of ARS holding their investments up to 20 -40 years which is a very high risk.
For Malaysian tax residents who have foreign income maintained abroad, the Inland Revenue Board of Malaysia announced the "Special Program for Remittance of Foreign Income" on November 16, 2021. To implement the adjustments to the Income Tax Act 1967, the Finance Act 2021 was gazetted on December 31, 2021. 1) Is Malaysia's foreign-sourced income exemption something that has to be tightened? Yes, but why? If not, why? 2) What is an agreement against double taxation?
Yes, the Malaysian foreign-sourced income exemption needs to be tightened, as there is a huge potential for tax evasion.
Many individuals and companies move their profits to countries with low or no tax rates, which reduces the amount of taxable income in Malaysia, and results in a loss of tax revenue. As a result, the Inland Revenue Board of Malaysia announced the "Special Program for Remittance of Foreign Income" on November 16, 2021, to address this issue.
Under this program, Malaysian tax residents who have foreign income maintained abroad may receive a 2% tax rate on the remittance of that income to Malaysia from October 1, 2021, to December 31, 2022. This encourages taxpayers to declare their foreign income and bring it back to Malaysia. The Finance Act 2021, which was gazetted on December 31, 2021, implements the adjustments to the Income Tax Act 1967 to reflect this program.
An agreement against double taxation is a treaty that aims to avoid double taxation of income earned in one country by a resident of another country. This means that if an individual or a company is subject to tax in both Malaysia and another country, the agreement will ensure that they are not taxed twice on the same income. The agreement typically provides for tax credits, exemptions, or reduced tax rates to avoid double taxation.
In conclusion, Malaysia's foreign-sourced income exemption needs to be tightened to prevent tax evasion and boost tax revenue. The "Special Program for Remittance of Foreign Income" and the Finance Act 2021 are designed to address this issue.
To know more about Malaysian visit:
https://brainly.com/question/32419566
#SPJ11
Refer to the information provided in the figure at right for the economy of Macroland to answer the question that follows.
Macroland's production possibility frontier is bowed out from the origin due to
A. decreasing opportunity costs.
B. trade.
C. specialized resources.
D. unemployment.
Answer: A. decreasing opportunity costs.
Explanation:
The production possibility frontier (PPF) shows the maximum combinations of two goods that can be produced with the given resources and technology in an economy. The bowed-out shape of the PPF indicates that the economy faces increasing opportunity costs as it produces more of one good and less of the other. In other words, to produce more of one good, the economy must give up increasing amounts of the other good.
The reason for this increasing opportunity cost is that not all resources are equally efficient in producing both goods. As the economy moves along the PPF and produces more of one good, it must shift resources from the other good, which may not be as productive. Thus, the marginal cost of producing additional units of one good increases as more of it is produced.
Therefore, the correct answer is A. decreasing opportunity costs, which explains the bowed-out shape of the PPF in Macroland's economy. None of the other options (B. trade, C. specialized resources, and D. unemployment) adequately explains this phenomenon.
Know more about the decreasing opportunity costs click here:
https://brainly.com/question/32078642
#SPJ11
A college graduate has a Job with a monthly gross pay of 4000. He takes home less than 4000 because
A college graduate has a job with a monthly gross pay of 4000. He takes home less than 4000 because his net pay is lower than gross pay.
What do you mean by gross pay?Gross pay refers to the amount received by the employee without any tax deductions.
A college graduate has a job with a monthly gross pay of 4000. He takes home less than 4000 because his net pay is lower than the gross pay.
Learn more about gross pay here:
https://brainly.com/question/14690804
#SPJ1
T/F; repeat purchase and brand loyalty are two different constructs.
repeat purchase and brand loyalty are two different constructs. True
Repeat purchase refers to the act of a customer buying a product or service from a brand more than once, while brand loyalty is the emotional attachment a customer has towards a brand. Repeat purchase can be driven by factors such as convenience or availability of the product, whereas brand loyalty is driven by a deeper connection between the customer and the brand. Brand loyalty can be developed through positive experiences, quality products, and effective marketing strategies that create a unique brand identity and image. It is important for businesses to differentiate between these two constructs and understand how they can influence customer behavior and drive business success. Repeat purchase can generate short-term revenue, but brand loyalty can lead to long-term customer retention and advocacy. By focusing on building brand loyalty, businesses can create a strong competitive advantage and establish themselves as a trusted and valued brand in the marketplace.
To know more about loyalty visit:
brainly.com/question/31420054
#SPJ11
how does the health of an economy affect business?
Answer:
This is a very broad question. The health of the economy affects business in many ways. First of all the health of economy is an outcome of business performance.
You need to think of this case as one comes from another and influences it back. Please find the attached diagram.
Explanation:
Choose the option that best matches the description given.
A different group of people who share similar needs is called a/an
Population group
Assistance group
Neighborhood
Please I need help
Which term describes the type and number of competitors' job openings when looking at supply and demand within HR?
Answer:
External labor demand
Explanation:
Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Hence, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.
External labor demand is the term which best describes the type and number of competitors' job openings when looking at supply and demand within human resources (HR).
Basically, an external labor demand gives a description of the number and type of employees that are required by a rival company in the same industry.
Why is a savings account better than a checking account for saving money?
Read More >>
Answer:
A checking account is a type of bank deposit account that is designed for everyday money transactions. ... Savings accounts have higher interest rates than checking accounts, meaning it is better to let large sums of money (e.g., an emergency fund) sit in savings instead of checking.
Explanation:
Checking accounts are better for everyday transactions such as purchases, bill payments and ATM withdrawals. ... Savings accounts are better for storing money and earning interest, and because of that, you might have a monthly limit on what you can withdraw without paying a fee.
A savings account is better than a checking account as it offers a potentially higher rate of interest for the customer.
What is a savings account?The most basic type of bank account in which a customer deposits his or her money, with an intention to earn monetary gains and safekeeping of his or her funds, is known as a savings account.
A checking account is ideal for someone who conducts numerous transactions on a daily basis. It also offers a lower rate of interest as compared to a savings account.
Hence, the significance of a savings account is aforementioned.
Learn more about a savings account here:
https://brainly.com/question/3811440
#SPJ2
In terms of SUPPLY, what factors have contributed to the fall in oil prices?
Help anybody I’m trying to solve this
The break-even point is the point where the profit is equal to .
Therefore to find the break-even point equates the profit function to be equal to 0.
P(x)=300x−25x²
300x−25x²=0
300x/x=25x²/x
300=25x
300/25=x
x=12Units
The break-even point is the point at which total revenue is equal to total cost. At this point, the profit is zero.
What is break-even point?
Breakeven points (BEPs) can be used in a wide range of situations. For example, the breakeven point in a property is the amount of money that the homeowner would need to generate from a sale to exactly offset the net purchase price, which includes closing costs, taxes, fees, insurance, and mortgage interest—as well as costs associated with maintenance and home improvements. At that price, the homeowner would break even, meaning he would not make or lose any money. BEPs are also used by traders to determine what price a security must reach in order to cover all costs associated with a trade, such as taxes, commissions, management fees, and so on.
A company's breakeven point is calculated similarly by taking fixed costs and dividing them by the percentage of gross profit margin.
To learn more about break even point refer to:
brainly.com/question/15281855
#SPJ1
What is economic growth and it's best example?
Answer:
Economic growth is defined as an increase in a nation's production of goods and services. An example of economic growth is when a country increases the gross domestic product (GDP) per person. The growth of the economic output of a country. As a result of inward investment Eire enjoyed substantial economic growth.
Explanation:
Heres another example, "If the Central Bank cut interest rates, this would provide an incentive for firms to invest (borrowing would now be cheaper). This investment is a component of AD and AD will rise. With higher investment, more people will be employed, and there is a purchase of raw materials."
Hope this helps! <3
Star Corporation's business is expanding into multiple segments. They have an accountant who performs the accounting and finance works within the company. Star find it very useful to hire somebody who will assist their accountant to do the job, so they decided to outsource a CPA to help review their financial records and their existing system. Star pays P15,000 every month as a professional fee to the CPA while their accountant is paid P20,000. a. Will the CPA's income be subject to business tax? Why and why not? b. Will the accountant's income be subject to business tax? Why and why not? c. Will it be possible to be taxed with business tax and income tax to the same taxpayer?
The CPA income is considered professional fees, which are subject to income tax under the Tax Code. Compensation income is subject to income tax under the Tax Code.
a. The CPA's income will be subject to income tax but not business tax. This is because the CPA is not engaged in a trade or business, but rather providing professional services as an independent contractor.
b. The accountant's income will also be subject to income tax, but not business tax. The accountant is an employee of the company, and therefore, the income earned is considered compensation income.
c. Yes, it is possible for the same taxpayer to be taxed with business tax and income tax. This is because business tax is imposed on the income earned by the business, while income tax is imposed on the income earned by the individual. If the taxpayer is both an individual and engaged in a business or profession, then they may be subject to both types of taxes on their respective income streams. However, it is important to note that there are different tax rates and rules that apply to business tax and income tax, so it's essential to consult with a tax professional to ensure proper compliance.
To know more about CPA income,
https://brainly.com/question/14971139
#SPJ11