To prepare a sales budget for Sonic Inc. for the month of June, we need to estimate the sales volume and calculate the total sales revenue for each model, Rumble and Thunder.
Sales Budget:
Rumble:
Midwest Region: 3,400 units × $105/unit = $357,000
South Region: 5,300 units × $105/unit = $556,500
Total Rumble sales revenue = $357,000 + $556,500 = $913,500
Thunder:
Midwest Region: 3,800 units × $205/unit = $779,000
South Region: 4,600 units × $205/unit = $943,000
Total Thunder sales revenue = $779,000 + $943,000 = $1,722,000
Total Sales Revenue:
Rumble: $913,500
Thunder: $1,722,000
Therefore, the sales budget for Sonic Inc. for the month of June is as follows:
Rumble:
Midwest Region: $357,000
South Region: $556,500
Thunder:
Midwest Region: $779,000
South Region: $943,000
Total Sales Revenue: $2,635,500
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7. Which of the following do retailers use most often to determine how much their products will sell?
Retailers often use a variety of factors to determine how much their products will sell, including market research, sales data, and industry trends. However, one of the most common tools used by retailers is demand forecasting.
Demand forecasting involves using historical sales data and market trends to predict future demand for a particular product. Retailers can use this information to make informed decisions about how much inventory to order, how to price their products, and how to allocate resources to promote their products.
There are several different methods of demand forecasting, including statistical models, customer surveys, and expert opinions. Each method has its strengths and weaknesses, and retailers may use a combination of methods to get a more accurate picture of future demand.
Ultimately, retailers rely on demand forecasting to ensure that they have the right products in the right quantities at the right time. By accurately predicting future demand, they can avoid stock shortages and overstocking, optimize pricing strategies, and maximize profitability.
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Todd, a travel agent, lost his job due to no need for his skill. This is an
example of what type of unemployment?
A. Cyclical unemployment
O
B. Voluntary unemployment
C. Structural unemployment
D. Frictional unemployment
Social Security and Medicare taxes are two types of
taxes.
O A. employment
O B. sales
O C. property
D. income
Answer:
Income taxes
Explanation:
Those are two type of income taxes and i know this because my grandma gets those lololol..no joke though
list your personal interest
Answer:
my interest is to reach conqueror in pubg mobile
Marcy has just gotten a promotion at work and she wants to buy a house. She currently pays $350 a
month for a car payment and $200 a month on her credit cards. She has a gross monthly income of
$4,000. Using the Debt Ratio Formula, calculate her potential maximum monthly house payment.
Answer:
$890
Explanation:
As per the 28/36 rule, Marcy can have debts not exceeding 36% of her gross income. If her gross income is $4000, her maximum debts should be 36% of $4000
=36/100 x $4000
=0.36 x $4000
=$1,440
Marcy has a $350 car payment and 200 credit payments every month.
current monthly payments
= $350 + $200
=$550
Marcy's loan limit is at $1440; current repayments total $550.
The maximum amount that can go to a housing loan is
=$1440 - $550
=$890
learner company sells its product for $100. it has a variable cost ratio of 70% and total fixed costs of $9,000. what is the break-even point in sales dollars for learner company?
To calculate the break-even point in terms of sales dollars, divide the fixed costs by the contribution margin.
Break-even sales dollars = $30,000
How do you calculate break-even point in sales dollars?To calculate the break-even point in terms of sales dollars, divide the fixed costs by the contribution margin. ...Fixed Costs Contribution Margin = Break-Even Point (sales dollars).Contribution Margin = Product Price minus Variable Costs.The point at which a company's revenues equal its costs is known as the break-even point. The break-even point can be calculated in two ways: one is to determine the number of units that must be sold, and the other is to determine the amount of sales, in dollars, that must occur.1 - Variable Cost Ratio = Contribution Margin Ratio
Contribution margin ratio = 1 - 0.70 = 0.30
Break-Even Sales Dollars = Total Fixed Cost / Contribution Margin Ratio
Break-even sales dollars = $9,000 / 0.30 = $30,000
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1) Why do consumers have rights when making purchases in the marketplace?
A) Consumers need to be encouraged to spend more money.
B) Consumers face many more government regulations than producers.
C) Consumers are more important to the economy than producers.
D) Fairness and honesty are vital to a healthy economy.
Answer:
a
Explanation: i got it right
Qi, julian, and omar are all in the 24% tax bracket. qi has received $3,000 in corporate bond interest, omar $2,500 in savings account interest, and julian $2,500 in dividends from a us corporation. rank the taxpayers by their tax liability from the amounts received, from least to greatest.
Based on the information provided, Qi, Julian, and Omar are all in the same tax bracket of 24%. However, their tax liability will vary depending on the type of income they received.
First, let's look at Qi who received $3,000 in corporate bond interest. This type of income is typically taxed as ordinary income. So, Qi will owe 24% of $3,000, which is $720. Therefore, Qi's tax liability is $720.
Next, let's consider Julian who received $2,500 in dividends from a US corporation. Qualified dividends are taxed at a lower rate than ordinary income, so Julian's tax liability will be less than Qi's. Assuming that Julian's dividends are qualified, he will owe 15% of $2,500, which is $375. Therefore, Julian's tax liability is $375.
Lastly, let's look at Omar who received $2,500 in savings account interest. Like corporate bond interest, this type of income is also typically taxed as ordinary income. So, Omar will owe 24% of $2,500, which is $600. Therefore, Omar's tax liability is $600.
To rank the taxpayers by their tax liability from the least to the greatest, the order would be Julian ($375), Qi ($720), and Omar ($600). Julian has the least tax liability because he received qualified dividends which are taxed at a lower rate than ordinary income. Qi has the highest tax liability because corporate bond interest is taxed as ordinary income. Omar's tax liability falls in between Julian and Qi's tax liability because he received savings account interest which is also taxed as ordinary income.
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The Code of Professional Ethics established by the American Institute of Certified Public Accountants states that accountants should be all of the following except a. honest b. outspoken c. independent d. objective
The Code of Professional Ethics established by the American Institute of Certified Public Accountants states that accountants should be all of the following except: b. outspoken.What is the American Institute of Certified Public Accountants (AICPA).
The American Institute of Certified Public Accountants (AICPA) is the world's largest organization for accounting and finance professionals, with over 400,000 members in 145 countries. The AICPA was established in 1887 to provide order to the US accounting profession and promote good practice. As an accounting professional, there are ethical standards and codes of conduct that must be followed in order to provide reliable and ethical accounting services and maintain the integrity of the profession.
The Code of Professional Ethics that was established by the American Institute of Certified Public Accountants states that accountants should be all of the following except outspoken. Being outspoken is not a necessary characteristic of a competent accountant. The other choices, honesty, independence, and objectivity, are required of all competent accountants.
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PLZ HELP ME!!!!!!
Which statement about credit card interest rates is TRUE?
A.) The more money you spend on purchases, the higher your interest rate will be
B.) A high interest rate means you'll pay MORE money total
C.) A high interst rate means you'll pay LESS money total
D.) Most credit cards do not charge any interest rate
Answer:
I think its A?
Explanation:
The MAXIMUM commission rate that a broker may charge on the sale of a property he or she has listed is
a. the percentage negotiated by the seller and broker. b. the percentage the buyer is willing to pay c. fixed by state laws and regulations. d. determined by the value of the property.
The maximum commission rate that a broker may charge on the sale of a property he or she has listed is typically determined by the (A) percentage negotiated by the seller and broker.
This means that the commission rate is agreed upon by both parties and outlined in the listing agreement.
However, it is important to note that some states may have laws and regulations that establish a maximum commission rate that a broker can charge.
In these cases, the negotiated rate cannot exceed the maximum rate established by state law.
Additionally, the commission rate is typically not determined by the value of the property or the percentage the buyer is willing to pay, as it is a separate agreement between the seller and broker.
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what is the difference between internal and external growth? Please explain?
Why is it important for a person to invest and save
Why do you think it is important to support and help improve Crew performance?
It is important to support and help improve crew performance because it leads to increased productivity, efficiency, and morale within the team.
1. Supporting and helping to improve crew performance is crucial because it directly impacts the overall productivity and efficiency of the team. When crew members are performing at their best, they can complete tasks more effectively and meet deadlines more efficiently.
2. By providing support and assistance, such as training, resources, and feedback, crew members can enhance their skills and knowledge, leading to improved performance. This can include technical training, communication skills development, and problem-solving strategies.
3. Supporting crew performance also contributes to higher morale within the team. When individuals feel supported and valued, they are more motivated and engaged in their work. This, in turn, leads to better teamwork, collaboration, and a positive work environment.
4. In addition, helping to improve crew performance can have a cascading effect on the entire organization. When one crew member excels, it can inspire and motivate others to strive for excellence. This creates a culture of continuous improvement and high-performance standards.
5. Ultimately, supporting and helping to improve crew performance is essential for achieving organizational goals, fostering a positive work environment, and ensuring the overall success of the team.
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What are 5 facts about command economy?.
A command economy has these traits. Central economic planning is done by the government, According to the central plan, the government distributes all resources.
What is economy?An economy is a region where products and services are produced, traded, and consumed. It is generally defined as "a social domain that emphasizes the activities, discourses, and material expressions linked with the creation, use, and management of finite resources." An economy is a network of interconnected production and consumption activities that ultimately decide how resources are distributed within a community. The needs of those who live there and operate there are met by the production and consumption of goods and services as a whole. A system of production and exchange for products is called an economy. A state will crumble if its economy is unsustainable. The three primary types of economies are free market, command, and mixed economies.A command economy has these five traits.
Central economic planning is done by the government.According to the central plan, the government distributes all resources.All production of products and services is prioritized according to the central plan.Government-owned corporations are monopolies.To learn more about economy, refer to:
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Three friends are choosing a restaurant for dinner. Here are
their preferences:
Rachel Ross Joey
First choice French French Mexican
Second choice Mexican Mexican Italian
Third choice Italian Ita
The given preferences of Rachel, Ross, and Joey can be tabulated as follows:
RestaurantsFrenchMexicanItalianFirst ChoiceRRJSecond ChoiceMMJThird ChoiceII
One possible restaurant choice that satisfies everyone's preferences is the Mexican restaurant, as it is the first choice for both Ross and Joey. Rachel's first choice is French, so that could be a good option for their next meal. If they go out to eat again after that, Italian may be a good option since it is Joey's third choice and Rachel's second choice.
The given preferences of Rachel, Ross, and Joey can be tabulated as follows
RestaurantsFrenchMexicanItalianFirst ChoiceRRJSecond ChoiceMMJThird ChoiceIIIt is evident from the above table that Rachel's first choice is French and her second choice is Italian. On the other hand, Ross's and Joey's first choice is Mexican. Hence, it is safe to say that Mexican should be the preferred restaurant choice for the group.
However, if the group wants to try other restaurants as well, then they could opt for French next since it is Rachel's first choice. Finally, they could go for Italian since it is Joey's third choice and Rachel's second choice. By following this pattern, the group will have tried all three restaurants in their preferred order, satisfying everyone's preferences at some point.
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at what discount rate would the company be indifferent between these two projects?
The company would be indifferent between the two projects at a discount rate of [insert value].
To determine the discount rate at which the company would be indifferent between two projects, we need to calculate the net present value (NPV) of each project and compare them. The NPV is a financial metric that takes into account the time value of money by discounting future cash flows back to the present.
Let's assume that Project A has cash flows of $10,000 per year for five years, while Project B has cash flows of $20,000 per year for three years. The discount rate represents the required rate of return or the opportunity cost of capital for the company.
To calculate the NPV for each project, we discount the cash flows using different discount rates and sum them up. We then compare the NPVs to determine the discount rate at which the NPVs are equal, making the company indifferent between the two projects.
For example, if we calculate the NPV of Project A at a discount rate of 10%, and it turns out to be $40,000, while the NPV of Project B at the same discount rate is $45,000, the company would prefer Project B. We continue this process by adjusting the discount rate until we find the rate at which the NPVs of both projects are equal. This rate would be the discount rate at which the company is indifferent between the two projects.
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Which of the following statements about the difference between forwards and futures is most accurate?
A)If interest rates are constant then forward and futures prices are the same.
B) Both forwards and futures contracts are marked-to-market.B)
C) A strong positive correlation between interest rates and the underlying asset price implies that the futures price will be lower than the corresponding forward price.
D) Before maturity, the value of a forward contract is the same as the value of the corresponding futures contract.
The following statement about the difference between forwards and futures that is most accurate is, B) Both forwards and futures contracts are marked-to-market.
Forwards and futures are the two main types of financial contracts that enable buyers and sellers to exchange assets at a predetermined price at a future date. Forward contracts are customized contracts that are traded over the counter, while futures contracts are standardized contracts that are traded on exchanges.
The differences between forwards and futures are given below:
1. Forward contracts can be customized while futures contracts are standardized.
2. The prices of forward contracts are not public, but the prices of futures contracts are public.
3. Forward contracts are traded over the counter, while futures contracts are traded on exchanges.
4. Futures contracts are marked-to-market every day while forward contracts are not marked-to-market.
5. Forward contracts do not require an upfront payment, but futures contracts require an upfront payment.
6. The risk of default is higher in forward contracts as compared to futures contracts.
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In parliamentary procedure, a meeting begins when the chair person says which of the following phrases?
a. We will now begin the meeting.
b. The meeting has been called.
C. The meeting will now come to order.
d. There shall be order and commencement.
Answer:
c
Explanation:
got it right on test
In parliamentary procedure, a meeting begins when the chairperson says The meeting will now come to order. Thus option A is correct.
What is parliamentary procedure?A parliamentary system, sometimes known as a parliamentarian system, is a method of democratic government whereby the executive branch obtains the backing of the legislative, usually a parliament, to whom it is answerable.
A really well agenda results in shorter sessions that go more smoothly. The topics that will be covered in what order should be listed on the agenda. Establish a priority list if there are multiple critical items.
Ahead-of-time preparation and the use of agendas is preferred by some boards. This was stating that there will be a commencement. Therefore, option A is the correct option.
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There commencement.
Of the following, which is NOT true about the Bretton Woods System?
a. It was established in 1965.
b. It established a global currency system based on a gold standard with the U.S. dollar pegged at a fixed rate of exchange to gold in an effort to control inflation.
c. The IMF was established under the Bretton Woods Agreement.
d. Eventually, major nations met to consider abandoning the Bretton Woods Agreement.
e. Under the Smithsonian Agreement, the U.S. devalued the dollar against other countries' currencies.
Option a. It was established in 1965 is NOT true about the Bretton Woods System.
The Bretton Woods System was established in 1944, not 1965, making option a. false. It was a global monetary system created during the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire. The system aimed to promote economic stability and facilitate international trade and financial cooperation in the aftermath of World War II.
Option b. is true. The Bretton Woods System did establish a global currency system based on a gold standard, where the U.S. dollar was pegged to gold at a fixed rate of exchange. This arrangement provided stability and facilitated international transactions.
Option c. is also true. The International Monetary Fund (IMF) was indeed established under the Bretton Woods Agreement. The IMF was designed to promote monetary cooperation, provide financial assistance to member countries, and maintain exchange rate stability.
Option d. is true as well. Over time, economic challenges and imbalances among major nations led to discussions and considerations about abandoning or reforming the Bretton Woods Agreement. This eventually led to the breakdown of the system in the early 1970s.
Option e. is true. Under the Smithsonian Agreement in 1971, the United States did devalue the U.S. dollar against other countries' currencies to address trade imbalances and promote competitiveness.
In summary, option a. is not true about the Bretton Woods System as it was established in 1944, not 1965. The other options b, c, d, and e accurately describe various aspects and events related to the Bretton Woods System.
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The annual master budget file includes the ________ from last year because it is needed for the schedule of expected cash collections.
The complete sentence is summarized below:
The annual master budget file includes the budget from last year because it is needed for the schedule of expected cash collections.
A sentence about annual master budget files
Annual master budget files are a collection of files with detailed lists of cash movements inside, from and to a business. This information is useful to predict and estimate expected cash movements and to construct expected budget in terms of costs and time for the next fiscal year.
For this reason, an annual master budget file must include the budget from last year. The complete sentence is summarized below:
The annual master budget file includes the budget from last year because it is needed for the schedule of expected cash collections.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Consider a proposal for the construction of a boat ramp. The inferences made in an academic report are bound by the quantitative evidence provided in the report as related to the literature. Why are the inferences in environmental reporting so much wider and need to go beyond the quantitative evidence you present in your report? To answer this question, think about the need for qualitative evidence that covers construction risk and quantitative evidence to cover detectability of long-term change.
Inferences in environmental reporting go beyond quantitative evidence to account for subjective factors, stakeholder perspectives, and the complex nature of environmental issues.
Why do inferences in environmental reporting need to go beyond quantitative evidence?In environmental reporting, the need for wider inferences beyond quantitative evidence arises due to the complex and multifaceted nature of environmental issues.
While quantitative evidence provides valuable insights into measurable aspects such as pollutant levels or species abundance, it may not capture the full scope of potential impacts and risks.
Environmental reporting often requires consideration of qualitative evidence to assess factors like construction risk, which involve subjective judgments, stakeholder perspectives, and expert opinions.
Additionally, qualitative evidence helps evaluate intangible aspects such as social, cultural, and ecological values that may be affected.
Therefore, the combination of quantitative and qualitative evidence enables a more comprehensive understanding of environmental impacts and facilitates informed decision-making in areas such as construction projects and long-term change detection.
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How can economic gains be secured? A. Employers must be able to pass labor costs to union members. B. By disallowing the formation of independent labor unions.
Economic gains can be secured by ensuring that employers can pass labor costs to union members (Option A).
This allows companies to maintain their financial stability, while also giving labor unions the opportunity to negotiate fair wages and benefits for their members.
It is important to note that disallowing the formation of independent labor unions might not necessarily secure economic gains, as it could lead to worker unrest and reduced productivity. Instead, fostering a collaborative relationship between employers and labor unions can contribute to economic gains for all parties involved.
Therefore, Economic gains can be secured by promoting economic growth, creating job opportunities, increasing productivity, and ensuring equitable distribution of income and resources.
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Consider an incomplete market framework with overlapping generations such as in Paul Samuelson's pioneering contribution. Specifically assume the following: • there are two commodities, labor 1 and a perishable commodity c that needs to be produced from labor the perishable good can be produced with the production technology cs Vi • each generation t lives for two consecutive periods t and t +1 • each generation can work when young, i.e. in period t and consume when old, i.e. in period t +1 • each generation is of identical size and has identical preferences u(C++1,14) = C++1(L – It), where L is the maximal amount of leisure time a. How can you interpret the utility functions? b. Which market equilibrium will obtain in the absence of any asset markets? Define equilibrium carefully. How does your answer relate to the fact that the commodity is perishable? c. Now assume that a security is available that trades at pt units of the commodity in period t. It does not pay any dividends. Can this security nevertheless affect market outcomes? How and why? Which are the crucial ingredients? d. Which market outcome obtains when generation after generation beliefs that the inflation rate remains constantly at a P:+1 How does production depend on the inflation rate tº? P- e. Why is a constant inflation rate potentially problematic in this stylized model economy? f. Characterize the first best outcome in this model economy. Which properties does the first best allocation satisfy?
(a) The given utility function shows the optimal combination of leisure time and consumption for a generation. (b) the utility-maximizing consumption choice in period t will be that no perishable good will be invested in the security that will be held until period t + 1. (c) Yes, the security can affect market outcomes. (d) the quantity of the commodity available for consumption in period t will be (cs − (1 + P+1)pt) / Vi. (e) the utility function is additive across time, a decrease in production in period t implies a decline in consumption in period t + 1. (f) The first best outcome in this model economy is the allocation that maximizes the sum of the utilities of all generations, subject to the resource constraint and the fact that the security market should clear at every point in time.
(a) The given utility function shows the optimal combination of leisure time and consumption for a generation. Here, u(C_{t+1}, L_t) = C_{t+1} (L_t − I_t), where L is the maximum amount of leisure time a generation can have.
(b) In the absence of any asset markets, a market equilibrium will be obtained through the condition that the consumption in period t is equal to the production of perishable good in that period minus the quantity of the good invested in the security that will be held until period t + 1. Since the commodity is perishable, there will be no production of the commodity in period t + 1. Therefore, the utility-maximizing consumption choice in period t will be that no perishable good will be invested in the security that will be held until period t + 1.
(c) Yes, the security can affect market outcomes. As per the Fisher Separation Theorem, the security and the perishable good will always be separated in the market equilibrium. If the price of the security in period t is pt, the quantity of perishable good invested in the security in period t will be (cs − pt) / Vi.
(d) If the belief of every generation is that the inflation rate is constant at P+1, then the equilibrium will be established by the condition that the quantity of the commodity produced in period t is equal to the quantity of the commodity invested in the security that will be held until period t + 1 multiplied by (1 + P+1). Therefore, the quantity of the commodity available for consumption in period t will be (cs − (1 + P+1)pt) / Vi.
(e) A constant inflation rate is problematic in this stylized model economy because it leads to an economy-wide decline in production over time. This occurs because a higher rate of inflation induces the current generation to produce more, thereby leaving fewer resources for the next generation. Since the utility function is additive across time, a decrease in production in period t implies a decline in consumption in period t + 1.
(f) The first best outcome in this model economy is the allocation that maximizes the sum of the utilities of all generations, subject to the resource constraint and the fact that the security market should clear at every point in time. The properties of the first best allocation are as follows: The allocation satisfies the intertemporal welfare criterion. The allocation is efficient.The allocation satisfies the consumption-smoothing property.
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4. the interest is computed on the principal and also on the accumulated past interests.
a. simple annuity b. compound annuity C. simple interest d. compound interest
Answer:
d. compound interest
Explanation:
Compound interest basically means that previously earned interests will earn interests on their own. For example, you invest $100 and receive a 5% yield. At the end of year 1 you will have $105. At the end of year 2 you will have $105 x 1.05 = $110.25. The $5 in interests previously earned during year 1 will earn $0.25 interest during year 2.
Products in the Blank______ stage of the product life cycle tend to consume a disproportionate share of management and financial resources relative to their future worth.
Answer:decline
Explanation:
products in the DECLINE stage of the product lifestyle tend to consume
The _____ process is a noncompetitive application process.
Answer:procurement
Explanation:buyer will only select the firm that is to buy from or even restricts the bidding criteria to certain firm suppliers.
which term describes a characteristic of the scope planning (and other planning) processes?
The term that describes a characteristic of the scope planning (and other planning) processes is "iterative".
In project management, the scope planning process involves defining the project's objectives, requirements, deliverables, and boundaries. It is an iterative process that involves continuous refinement and revision until the project's scope is clearly defined and agreed upon by all stakeholders. The iterative nature of the scope planning process allows for flexibility and adaptability in responding to changes in the project's requirements, constraints, and stakeholders' expectations. It also helps to ensure that the project's scope is realistic, achievable, and aligned with the project's overall goals and objectives. The iterative approach involves multiple rounds of review, feedback, and revision to refine the project's scope statement, work breakdown structure, and other planning documents. This approach helps to improve the accuracy of the project's scope definition and reduce the likelihood of scope creep or misunderstandings among stakeholders.
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a company issues $500,000 of 6%, 10-year bonds dated january 1, 2017 that mature on december 31, 2026. the bonds pay interest semiannually on june 30 and december 31 each year. if bonds are sold at par value, the issuer records the sale with which of the following entries? multiple choice question. debit to cash $500,000; and credit to bond payable $500,000. debit to bond payable $500,000; and credit to cash $500,000. debit to cash $500,000; debit to interest expense $300,000; and credit to bond payable $800,000.
A company issues $500,000 of 6%, 10-year bonds dated January 1, 2017 that mature on December 31, 2026. If bonds are sold the entries are: Debit to Cash $500,000; and credit to Bond Payable $500,000.
Option A is correct.
Bond payable:Bond payable are form of debt securities are a type of debt financing issued by corporations, governments, and other entities to raise capital. As part of the financing, the issuer of the bond is obligated to make periodic interest payments over the term of the loan and to repay the principal when due.
Where will the bond be paid?As the bond issuer, the company is the borrower. Therefore, issuing a bond creates a liability. Liabilities therefore appear on the liability side of the company's balance sheet. Fixed Income liabilities are generally classified in the long-term liability class.
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