The government policy choices that offer a possible solution to recession include: 2. A surge in military spending.3. A reduction in taxes for businesses that increase investment.
The government policy choice that offers a possible solution to inflation is: 1. A tax increase on consumer income.
In a Keynesian framework, aggregate demand is crucial to the macroeconomic health of the economy.
Aggregate demand is the total amount of goods and services that consumers, businesses, and the government want to buy. Keynesians believe that the economy sometimes needs a boost from the government to get it out of a recession. This boost can come in the form of increased government spending or tax cuts to help boost consumer spending.
In the AD/AS model, a recession is a period of time when the economy is not producing enough goods and services. The aggregate demand curve shifts leftward, causing a decrease in aggregate demand. To combat this, the government may increase spending on goods and services, such as military spending, which would shift the aggregate demand curve rightward.
Inflation is a period of time when the economy is producing too many goods and services. The aggregate demand curve shifts rightward, causing an increase in aggregate demand. To combat this, the government may increase taxes, which would decrease consumer income and reduce consumer spending, shifting the aggregate demand curve leftward.
Therefore, for recession option 2 and 3 are correct and for inflation, option 1 is correct.
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wich situation would cause the price of a product to fall the most
Louis purchased $5,000 worth of stock three years ago and sold it today for $7,000. He received no dividends from this investment. Inflation averaged 4% during the three years he owned the stock. What was his annualized real rate of return on this investment?
Answer:
9.33%
Explanation:
Calculation to determine his annualized real rate of return on this investment
Annualized real rate of return=[($7,000-$5,000/ ($5000*3) *100] -4%
Annualized real rate of return=13.33%-4%
Annualized real rate of return = 9.33%
Therefore his annualized real rate of return on this investment will be 9.33%
Jay asks his friends for advice: "Should I start doing mobile banking now that I've got my new smart phone?" Which friend is correct in their statement on the benefits of mobile banking?
The benefits of mobile banking include Convenience, time saving, Easy to monitor, Bank on the go and many more.
What is mobile banking?Mobile banking is the act of making financial transactions on a mobile device (cell phone, tablet, etc.). Advantages to mobile banking include the ability to bank anywhere and at any time.
Mobile banking typically uses an app that is provided by the financial institution for this purpose. Mobile banking is available on a 24-hour basis and is often dependent on the availability of an internet or data connection to the mobile device.
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Which of the following is true for services?
a) Service providers develop similar marketing programs for personal services and business services.
b) The client's presence is a hindrance during the service delivery process.
c) All service companies follow the same process to deliver their services.
d) Service providers can be either for-profit or nonprofit.
e) All services are people-based, while goods are equipment-based
The true statement about services is that all the service companies follow the same process to deliver their services.
What are service companies?Service companies means company that essentially performs tasks for the benefit of their customers and these some examples of their tasks includes transportation, cleaning, traveling, hospitality, maintenance etc.
Hence, in this question, the true statement is that all the service companies follow the same process to deliver their services for effective delivery.
Therefore, the Option C is correct.
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What incentives do private prisons have to keep people incarcerated/locked up?
hr management
1. Research examples of workplace bullying and write two
paragraphs about two examples.
Workplace bullying is a type of harassment that affects the victim's physical, mental, and emotional health. This type of behavior can take many different forms, including physical or verbal aggression, social exclusion, and more. There are several examples of workplace bullying that have been documented in recent years, two of which are outlined below.
One example of workplace bullying occurred at a UK charity that was established to help people suffering from eating disorders. In this case, the charity's chief executive was accused of bullying and intimidating staff members. The allegations included verbal abuse, aggressive behavior, and the firing of staff members without notice. The CEO was eventually dismissed from his position after an investigation was conducted into his conduct. This example highlights the negative effects that workplace bullying can have on an organization, particularly in the context of a charity that is designed to help vulnerable individuals. It also demonstrates the importance of taking allegations of bullying seriously and conducting thorough investigations when such allegations arise.A second example of workplace bullying took place at a US company that provides IT services to businesses. In this case, an employee was targeted by his supervisor, who repeatedly belittled and humiliated him in front of other staff members. The employee reported the behavior to senior management, but no action was taken. The situation became so severe that the employee eventually quit his job. This example shows that workplace bullying can be subtle and persistent, and that it can have a profound impact on the victim's mental and emotional wellbeing.
Workplace bullying can take many different forms, and it can have serious consequences for the victim and the organization as a whole. The examples outlined above demonstrate that bullying can occur in any workplace, regardless of the sector or industry. Employers have a responsibility to create a safe and respectful working environment, and to take allegations of bullying seriously when they arise.
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A department store buyer and a manufacturer of food processors entered into a written contract whereby the manufacturer would sell to the buyer 50 of its top-of-the-line models for $100 each. When the delivery arrived on May 15, several days early, the buyer noticed that the food processors were a different model that did not have all of the features as the top-of-the-line model that was ordered. The buyer contacted the manufacturer and told him that he was rejecting the food processors that were delivered to him and expected the manufacturer to send 50 top-of-the-line models immediately. The manufacturer replied that because of a backlog of orders that had not yet been filled, the top-of-the-line models could not be delivered until August 15. Because the department store had contracted with a restaurant to deliver three top-of-the-line models by May 31, the buyer delivered three of the nonconforming food processors along with a promise to replace them with three top-of-the-line models in mid-August. The buyer returned the remaining food processors to the manufacturer.
How much could the department store recover from the manufacturer for the three food processors that it delivered to the restaurant?
A) Nothing, b/c they were resold to another.
B) Nothing, b/c it accepted them knowing they were defective.
C) The difference b/t the market price of the top-of-the-line models and the existing food processors' actual value.
D) The difference b/t the existing food processors' actual value and the cost of the food processors that the department store must provide to the restaurant in mid-August.
Answer: C. The difference b/t the market price of the top-of-the-line models and the existing food processors' actual value
Explanation:
Based on the information given, the amount that the department store will recover from the manufacturer for the three food processors that it delivered to the restaurant will be the difference between the market price of the top-of-the-line models and the existing food processors' actual value.
1.the balance of an account is calculated as
A the total of the debit side
B the total of the credit side
C the difference between the totals of the debit and credit side
D.the sum of all entries
2.the total on the debit of an account is greater than the credit side.what does this mean?
A the account has a debit balance
B the account has a credit balance
C the account cannot be balanced
D the account has no balance
3.a credit balance occurs in a ledger account when
A the total on its debit side is greater than the credit side
B the total on its debit side is less than the total on its credit side
C the total on its debit side is equal to the total on its credit side
D the total is zero in the ledger account
Answer:
1.A
2.C
3.D
Explanation:
hope its help
You work in a deli. Your busiest time of the day is the lunch hour rush, when many working people from nearby factories and businesses come to grab something quick to eat. Unfortunately, a new fast food restaurant is opening up next door to your deli. How can you avoid losing your lunch customers to this new competitor? 2.1Offer a solution to the problem described in the scenario by evaluating it against the eight (8) step problem-solving process.
To avoid losing your lunch customers to this new competitor, you need to develop a marketing and promotion plan to help attract and retain customers.
A solution based on the eight-step problem solving process would be:
Step 1 - Problem definition:
Entry of a new competitor in the market.Step 2 - Problem clarification:
A new fast food restaurant is opening next to its Delicatessen, which could pose a threat to the company as the main customers are workers from nearby companies who come for a quick bite to eat.Step 3 - Set goals:
The goals according to this scenario could be:
Maintain or increase monthly billing.Increase the company's revenue in the morning.Prospect new customers from social media.Step 4 - Identify the root cause of the problem:
The root cause of the problem is the fact that workers have the need for greater speed, which can be an opportunity for the fast food restaurant.Step 5 - Develop the action plan:
adapt your product to the customer's needs.provide discount coupons to the customer.create loyalty cards that guarantee 50% discounts for every 5 meals.create a delivery app.Step 6 - Execute the action plan:
The execution of the action plan is the stage where communication channels will be used to transmit your advertising.For each customer who goes to eat at Delicatessen, you can distribute loyalty cards and a discount coupon as a thank you.Staff training is also needed to make delivery of meals to the customer faster.Step 7 - Results evaluation:
In this step you should analyze the results of the new marketing actions implemented, observing the billing rates and customer behavior data.Step 8 - Continuously improve:
In the last step, therefore, it is necessary to identify and correct the possible flaws in the action plan in order to fix them and generate strength for quality and value creation for the customer through the services offered at the restaurant.Learn more here:
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A 25-year, $1,000 par value bond has an 15% annual payment coupon. The bond currently sells for $905. If the yield to maturity remains at its current rate, what will the price be 5 years from now?
A977.20
B907.41
C930.11
D984.19
E906.86
The future price of the bond after 5 years will be approximately $901.49. None of the given options matches this value exactly, but the closest option is B. 907.41.
To determine the future price of the bond, we need to calculate the yield to maturity (YTM) and use it to discount the future cash flows. Given that the bond has a 15% annual payment coupon and a par value of $1,000, it means it pays $150 annually ($1,000 x 0.15).
To calculate the yield to maturity (YTM), we can use the current price of $905. The YTM is the discount rate that equates the present value of the bond's cash flows to its current price.
Using a financial calculator or Excel, we can find that the YTM for this bond is approximately 17.12%.
Now, let's calculate the future price of the bond after 5 years using the YTM:
Future price = (Future coupon payments + Future par value) / (1 + YTM)ⁿ
where:
Future coupon payments = Coupon payment x (1 + YTM)ⁿFuture par value = Par value / (1 + YTM)ⁿn = number of yearsPlugging in the values:
Future coupon payments = $150 x (1 + 0.1712)^5 = $317.86
Future par value = $1,000 / (1 + 0.1712)^5 = $584.22
Future price = ($317.86 + $584.22) / (1 + 0.1712)⁵ = $901.49
Therefore, option B. 907.41 is correct.
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Which sourcing arrangement may be established in a country with low-cost labor to supply components to the home-country plant, or the subsidiary may produce a product that either is not made in the home country or is of higher quality
The sourcing arrangement you are referring to is known as an "offshore subsidiary" or "offshoring." This arrangement involves a company establishing a subsidiary in a country with low-cost labor to produce components or products that can be supplied to the home-country plant.
Offshoring enables companies to benefit from lower labor costs and, in some cases, access to resources and expertise that may not be available in the home country. In this arrangement, the subsidiary may produce components that are more cost-effective than those produced in the home country. Alternatively, the subsidiary could also manufacture a product that is not made in the home country or is of higher quality. This can help companies to diversify their product offerings, access new markets, or improve their overall product quality. Offshoring can have several advantages, such as reduced production costs, increased competitiveness, and better resource utilization. However, it also comes with potential risks, such as the loss of control over production processes, intellectual property protection issues, and potential negative impacts on the home country's employment and economy. As a result, companies must carefully consider the benefits and drawbacks of offshoring before establishing a sourcing arrangement in a low-cost labor country.
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under the allowance method of accounting for credit losses, the entry to write off a specific account: question 10 options: a) is the same as the entry to write off a specific account under the direct write-off method b) does not affect net income or total assets c) will increase total assets d) debits bad debts expense and credits allowance for uncollectible accounts
Under the allowance method of accounting for credit losses, the entry to write off a specific account is debits bad debts expense and credits allowance for uncollectible accounts.The correct option is (d).
The allowance method of accounting for credit losses is a two-step process: a company estimates its uncollectible accounts expense and records an offsetting allowance for uncollectible accounts at the end of the accounting period using a percentage of sales or percentage of receivables method, for example.
The actual write-off of an uncollectible account is the second step, and it is recorded using a debit to bad debts expense and a credit to allowance for uncollectible accounts. The bad debts expense is debited and the allowance for uncollectible accounts is credited in the journal entry to write off a specific account. It has no effect on net income or total assets. Because the bad debts expense and the allowance for uncollectible accounts are both balance sheet accounts, they do not affect net income or total assets.
Thus, option d is the correct answer.
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Buried in forced toward the mantle increasing heat and pressure this is the first step in the formation of metamorphic rocks which best describes the next step in the formation of metamorphic rocks?
The next step in the formation of metamorphic rocks involves recrystallization and reorganization of minerals.
What process follows the increase in heat and pressure during the formation of metamorphic rocks?When buried deep within the Earth's crust, rocks experience intense heat and pressure due to the immense weight of overlying materials. This process, known as burial metamorphism, marks the first step in the formation of metamorphic rocks.
As rocks are subjected to increasing heat and pressure, the minerals within them undergo chemical and structural changes. This leads to recrystallization, wherein existing minerals may rearrange or transform into new ones with different crystal structures.
These changes occur while the rocks remain solid. The result is the formation of metamorphic rocks, characterized by their unique textures, mineral assemblages, and sometimes, the presence of foliation or banding.
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Given a contribution margin of $20, if 10,000 units are produced at a cost of $400,000 what is the sales revenue in USD? Pls explain how u got the answer
A) $200,000
B) $300,000
C) $60
D) $600,000
Answer: $600,000
Explanation:
The sales revenue will be gotten as:
= Cost + Contribution Margin
where,
Cost = $400,000
Contribution Margin = $20 x 10,000 = $200,000
Therefore, Sales revenue will be:
= $400,000 + $200,000
= $600,000
Read the following article, which introduces the concept of rate of time preference. Then answer the question that follows.UNDERSTANDING RATE OF TIME PREFERENCE, BY THE APLIA ECONOMICS CONTENT TEAMAmazon.com's success over the last two decades has allowed the online shopping venue to continue to offer low-cost baby products serving parents around the country.As a mother of a one-year-old child, Rosa sometimes finds herself in an interesting economic predicament when it comes to buying time-sensitive items, such as diapers. Although she knows that she can purchase them for a lower price online, this doesn't help her when she unexpectedly runs out of diapers and needs some today. In this situation, her only option is buying them locally, where she inevitably pays a premium because of her immediate need for diapers.You've probably experienced having to pay more to get something sooner. This is related to the financial fact that a dollar today isn't worth the same amount as a dollar tomorrow. The intuition behind this is simple: $1 could be put in the bank today, where it earns interest and is worth $1 x (1+r) tomorrow. In financial context, the term r represents the interest rate, which determines how much a present value will be worth in the future (the future value), as well as the present value of a future payment (the discounted value). From the previous example, you can calculate the future value (FV) of a present value (PV) earning interest at rater in periods in the following way:Future Value Present Value x (1+r)Rearranging terms leads to the formula for the present value:Present Value= Future ValuIn other words, represents the discount rate of a future payment in one period (n = 1), telling you how much less a given amount is worth today compared to the future. Notice that because r is usually assumed to be a positive number, the discount rate, falls between 0 and 1. Therefore, at an annual interest rate of 11% (0.11), the discount rate is equal to TTT 0.9, meaning that a dollar a year from now is worth $0.90
The concept of rate of time preference states that the value of money now is greater than the value of money in the future.
This is because money now can be invested and earn interest, whereas money in the future cannot. The rate of time preference is represented by the "discount rate" (r), which is calculated as the present value (PV) divided by the future value (FV), or PV = FV/(1+r). This rate falls between 0 and 1, and for an annual interest rate of 11% (0.11), the discount rate is equal to 0.9, meaning that a dollar a year from now is worth $0.90.
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influences of Business environment,
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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Adam Smith's ‘invisible hand' refers to: how households and firms, acting in their own self-interest, manage to make everyone better off. the control that large firms have over the economy. how governments allocate economic resources. how central planners made economic decisions.
Answer: how households and firms, acting in their own self-interest, manage to make everyone better off
Explanation:
Adam Smith's ‘invisible hand could be described as a specific market pattern that is of advantage to both the demand and supply, where both party of the demand and those supplying reach an balance, where they both gain from each other, irrespective of how it minimal. An example is the decision of an individual purchasing an item and buying other item from same company which compliments the earlier item bought.
You just received a loan from your banker to buy seed and plant your alfalfa field. The loan is a discount loan and is for $5,000 for 1 year and the quoted rate was 10%. What is your APR?
Answer:
Apr = 11.11%
Explanation:
Given:
Discounted amount = $5,000
Number of year = 1
Quoted rate = 10%
Find:
APR
Computation:
Actual loan amount = $5,000[100%/(100%-10%)]
Actual loan amount = $5,000[100%/(90%)]
Actual loan amount = $5,555.56
A = P(1+r)¹
5,555.56 = 5,000( 1 + r )
1.1111 = 1 + r
APR = 0.1111
Apr = 11.11%
the level of savings in an economy: multiple choice can be an important determinant of future productivity. can be an important determinant of capital investment. can be a source of funding for physical capital. all of these are true.
the level of savings in an economy:
determinant of future productivity. can be an important determinant of capital investment. can be a source of funding for physical capital.Thus, all of these are true and correct.
What is saving?Savings are unspent income or deferred consumption. One way to save is to spend money. Set aside in a savings account, retirement account, mutual fund, or cash. Savings also means reducing expenses, such as recurring expenses.Savings are the portion of your income that is not spent on current expenses. In other words, it is money that is reserved for future use and not immediately spent.Saving is a way out of life's uncertainties and offers opportunities for quality living. Many hurdles and obstacles in life can be overcome by systematically investing large sums of money.
Thus, saving means a determinant of future productivity which can be an important determinant of capital investment and it can be a source of funding for physical capital.
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The concept of limited liability
Answer: Function, The function of the concept of limited liability is to provide the owners of businesses a way to protect their personal assets. For example, if a business is sued, the person seeking compensation cannot go after the personal property of the business' owners.
Types The concept of limited liability gives rise to a variety of different types of business organizations.These include corporations and limited liability companies, all of which are created by the laws of each of the 50 states.
Significance The concept of limited liability plays a significant role in commerce. Absent the concept of limited liability, individuals would shy away from investing in businesses of any type. The vast majority of individuals would not want to put their personal property at risk by becoming involved in a business enterprise.
Features The concept of limited liability restricts the amount of money a person risks to what she invests in a business enterprise
Exception Protections normally associated with the concept of limited liability can be set aside in certain situations. For example, if a business owner co-mingles personal and business assets -- in a common bank account, for example -- an individual with a claim against the business likely can seek compensation from some, if not all, of the business owner's personal assets.
Expert Assistance A business owner facing a situation in which another individual or business makes a claim against the business should seek legal assistance. A qualified attorney not only protects the interests of the business but works to ensure that the owner's personal assets do not end up in jeopardy.
Explanation:
Businesses use firewalls to protect their networks from internal threats.
O True
False
organic structures group of answer choices are related to lower job satisfaction. have formal communication channels. maximize efficiency and minimize costs. are conducive to entrepreneurial activity and general innovativeness.
Organic structures are conducive to entrepreneurial activity and general innovativeness.
What is Organic Structure?An organic organizational structure is characterized by a very flat reporting structure within the organization. In this organization, a typical manager's scope of control includes many employees. Employee interactions tend to occur horizontally across the organization, rather than vertically between multiple tiers of managers and their direct reports.
Interactions are primarily between employees within a flat reporting structure, so decisions are made by consensus between groups rather than individual managers. There also tends to be more information sharing between employees than the centralization of information at the top of the organization, which is more common in traditional top-down reporting organizations. There can be a lot of cross-departmental collaboration in place of the silo effects that occur in more hierarchically organized companies.
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*the questions above should be numbered so that the choices can be easily recognized by students. Thank you
By 2018 the number of manufacturing jobs being reshored in the United States was _____ the number of jobs being offshored.
It was estimated that in 2018, the number of manufacturing jobs being reshored in the United States was more than the number of jobs being offshored.
What are offshored jobs?An offshored jobs means job that relates to the movement of a business process done at a company in one country to the same company in another country.
In conclusion, , the number of manufacturing jobs being reshored in the United States was more than the number of jobs being offshored.
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shannon industries is considering a project which has the following cash flows: year cash flow 0 ??? 1 $2000 2 $3000 3 $3000 4 $1500 the project has a payback period of 2.5 years and the firm's cost of capital is 12 percent. what is the project's net present value (i.e., npv)?
The NPV value of the project will be 765.91
What is NPV?
Net present value can be defined as the present value of the cash flows at the required rate of return of your project compared to your initial investment.
Advantage of NPV includes :
Incorporates time value of moneyAccuracy depends on the quality of inputs.Simple way to determine if a project delivers value.In the above case,
Initial cost = 2000+3000+3000*0.5 = 6500
NPV = -6500 + 2000/1.12 + 3000/1.12^2 + 3000/1.12^3 + 1500/1.12^4 = 765.91
Hence, The NPV value will be 765.91
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what is IAAS define?
with example.
Answer:
IAAS is a cloud computing service model by means of which computing resources are hosted in a public, private or hybrid cloud.
Explanation:
The full form of IAAS is Infrastructure As A Service.
Answer:
AAS is a cloud computing service model by means of which computing resources are hosted in a public, private or hybrid cloud.
Explanation:
Bought a motor van by cheque would result in
A. Increase in motor van and decrease in bank
B. Decrease in motor van and increase in bank
C. Increase in motor van and increase in capital
D. Increase in motor van and decrease in capital
Answer:
The answer is B.
Hope this helps!
Answer:
B one is correct
Explanation:
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And employer has three employees who are each paid a salary of $1250 per month. He wants to give each of the three employees a $125 per month raise and he wants to hire an additional salaried employee. If the salary budget for these employees is $5325 per month, how much can he afford to offer the new employee?
Answer:
$1200
Explanation:
The three existing employees earn $1250 each. With an increase of $125, each will now earn $1,375.( $1250 + $125)
The new total for the three employees will be = $4,125
The employer has a budget of $5,325. After paying the three employees, the available balance will cater to the new employee.
The available balance will be $5,325 - $4,125
=$1200
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Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit
Answer:
It is letter B
Explanation:
Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.
What is the budget?A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.
Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.
Therefore, option B is the correct option.
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2. What are some banks, non-banks, technology and retail companies? Name 1 of each and explain what they are and what they do?
Banks are businesses that provide a range of financial services, such as mortgages, savings accounts, and loans. JPMorgan Chase, one of the biggest banks in the US, is an illustration of a bank. Financial services offered by JPMorgan Chase include banking, investing, and credit card services.
What are retail companies?Businesses that sell goods directly to customers are known as retail companies. Walmart, one of the biggest retailers in the world, is a good example of a retail business. Walmart runs a network of grocery stores, discount department stores, and hypermarkets and provides customers with a variety of goods and services.
Companies that provide financial services but lack a banking license are known as non-bank financial institutions. American Express, a provider of credit cards, debit cards, and other financial services, is one example of a non-bank financial institution.
Therefore, banks, non-banks, technology, and retail companies are stated above.
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Wildhorse Co. issues $355,000, 20-year, 6% bonds at 103. Prepare the journal entry to record the sale of these bonds on June 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
Issue value of bond = $365650
Premium on bonds payable = $10,650
Bond Payable = $355,000
Issue value of bond = (355000 x 103) /100
Issue value of bond = $365650
As a result, the Cash account is increased by $365650 to reflect the change.
The maturity date is the date when the bond will mature and the bond issuer will pay the bondholder its face value. The issue price is the initial price at which the bond issuer sells the bonds. Bonds are frequently issued at par.
Premium on bonds payable = the difference between what was debited from the cash account and what was credited to the bond payable account
Premium on bonds payable = 365650-355000
Premium on bonds payable = $10,650
The premium on bonds payable is the amount by which bonds are issued in excess of their face value. This is recorded as a liability on the issuer's books and is amortized to interest expense over the life of the bonds. This amortization has the net effect of lowering the amount of interest expense associated with the bonds.
When the market interest rate is lower than the stated interest rate on a bond, a premium is created. In this case, investors are willing to pay a premium for the bond, resulting in a premium. They will pay more to achieve an effective interest rate that is equal to the market rate.
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