kendall corporation purchased $160,000 of barker company’s 7% bonds at par value that mature in 10 months. the bonds pay interest semiannually on june 1 and december 1. kendall plans to hold the bonds until they mature. the journal entry to record kendall’s purchase of the bonds is:
Answers
Barker Company issued $160,000 in 7% bonds with a 10-month maturity that was bought at par by Kendall Corporation. Interest on the bonds is paid twice a year, on June 1 and December 1. Kendall intends to keep the bonds on hand until they are due. Kendall's purchase of the bonds is documented by the following journal entry: debit Short-Term Investments—HTM $160,000; credit Cash, $160,000.
A business transaction is documented in the accounting records of the company using a journal entry. Journal entries are typically made in the main ledger, but they can also be entered in a subsidiary ledger and subsequently rolled forward into the general ledger once they have been summarized. After then, the general ledger is used to produce the company's financial statements.
The logic of a journal entry requires that every business transaction be recorded in at least two places (known as double entry accounting). For instance, when you make a cash sale, both the revenue account and the cash account are increased. Alternately, making purchases on credit leads to an increase in the accounts payable and inventory accounts.
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Related Questions
To which IEEE standard is Ethernet cabling specifications measured against?
Answers
Ethernet cabling specifications are measured against IEEE 802.3 standard.
This standard specifies the physical and data link layer protocols for wired Ethernet networks, including the wiring and signaling standards for the cabling used in these networks. The IEEE 802.3 standard defines the characteristics of the Ethernet cabling, including the maximum cable length, maximum number of nodes on a network, maximum data transfer rate, and the type of connectors used. The IEEE 802.3 standard defines several types of Ethernet cabling, including twisted pair, coaxial cable, and fiber optic cable. Each type of cable has its own set of specifications and requirements, which are defined in the standard. For example, twisted pair Ethernet cabling is further divided into categories based on the number of twists per inch, the quality of the insulation, and the maximum bandwidth supported.
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For this assignment, you will create a multimedia presentation on Marketing, Sales, and Service tasks and work environments to demonstrate understanding of these careers.
Answers
Marketing is process of identifying, anticipating, and satisfying customer needs and wants through the creation, promotion, and distribution of the products or services.
What is distribution?In statistics, a distribution refers to the way in which a set of data is spread out or organized. It provides information about the possible values of a variable and how frequently those values occur. A distribution can be represented graphically using various types of charts such as histograms, box plots, and density plots. Common characteristics of a distribution include its central tendency (e.g., mean, median, mode), its spread or variability (e.g., range, standard deviation), and its shape (e.g., skewed, symmetrical). Understanding the distribution of a dataset is important in many fields, including finance, economics, and science, as it can provide insights into the underlying patterns and relationships in the data.
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what is a good reason why you got a answer wrong
Answers
Answer:
Click it by mistake
Explanation:
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.
Answers
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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How do you think business impact suppliers and investors in terms of capital and income?
Answers
Answer:
It is important to select suppliers carefully as suppliers can affect the businesses they provide goods to. If a supplier provides a poor quality product to a firm, it may affect the firm's reputation as the firm will need to use the goods or sell them onto their customers.
Explanation:
Suppliers are the most important link in the business chain. They can never be separated from the business itself as they act as the most important intermediary for owners and consumers.
On the other hand, investors get impacted the most as the share price of the companies are hugely impacted by the performance of the business and are appreciated when the business posts excellent results in its annual or quarterly period.
A business can impact suppliers in a way that if the manufacturers are not ready with the finished goods, the supply chain will automatically be stopped which will reduce sales by a good number.On the other hand, Investors are the owners of the business for the part of no. of shares being held by them. However the management of the business is in the hands of the managers and if they don't run the business well, the stock prices would decline resulting in dismay for the investors.Suppliers as well as investors are directly related to the performance of the company as efficient management by the business leads to betterment of them and vice versa.Hence, the owners as well as the investors are directly affected with the performance by the management of the business and are equally acquainted to the business.
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Helpmeeeeeeeeeeeeeee
Answers
Answer:
18. b : most economic decisions are made by buyer and sellers
19. b : federal income tax
Explanation:
Partial-Year Depreciation
Equipment acquired at a cost of $63,000 has an estimated residual value of $4,000 and an estimated useful life of 10 years. It was placed in service on October 1 of the current fiscal year, which ends on December 31.
If necessary, round your answers to the nearest cent.
a. Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method.
Depreciation
Year 1 $
Year 2 $
b. Determine the depreciation for the current fiscal year and the following fiscal year by the double-declining-balance method.
Depreciation
Year 1 $
Year 2 $
Answers
Depreciation expense for the following fiscal year = 0.2 * $59,850 = $11,970
a. Straight-Line Method:
To calculate the depreciation for the current and following fiscal year using the straight-line method, determine the annual depreciation expense, assuming an equal amount is depreciated each year over the useful life of the equipment.
Cost of equipment: $63,000
Residual value: $4,000
Useful life: 10 years
1. Determine the depreciable cost:
Depreciable cost = Cost of equipment - Residual value
Depreciable cost = $63,000 - $4,000 = $59,000
2. Calculate the annual depreciation expense:
Annual depreciation expense = Depreciable cost / Useful life
Annual depreciation expense = $59,000 / 10 years = $5,900 per year
a. Depreciation for the current fiscal year:
Since the equipment was placed in service on October 1, the current fiscal year covers only 3 months (October, November, December).
Depreciation for the current fiscal year = (Annual depreciation expense / 12) * Number of months
Depreciation for the current fiscal year = ($5,900 / 12) * 3 = $1,475
b. Depreciation for the following fiscal year:
Since the equipment will be used for the entire fiscal year, the depreciation for the following fiscal year will be the same as the annual depreciation expense.
Depreciation for the following fiscal year = $5,900
Therefore:
a. Depreciation for the current fiscal year: $1,475
b. Depreciation for the following fiscal year: $5,900
b. Double-Declining-Balance Method:
To calculate the depreciation for the current and following fiscal year using the double-declining-balance method, we need to determine the depreciation rate and apply it to the net book value of the asset.
1. Determine the depreciation rate:
Depreciation rate = (1 / Useful life) * 2
Depreciation rate = (1 / 10 years) * 2 = 0.2 or 20%
2. Calculate the depreciation expense:
a. Depreciation for the current fiscal year:
Since the equipment was placed in service on October 1, the current fiscal year covers only 3 months (October, November, December). We need to calculate the depreciation for this partial year.
Depreciation expense for the current fiscal year = Depreciation rate * Net book value at the beginning of the fiscal year
Net book value at the beginning of the fiscal year = Cost of equipment - Accumulated depreciation
Net book value at the beginning of the fiscal year = $63,000 - $0 (as it is the first year)
Depreciation expense for the current fiscal year = Depreciation rate * Net book value at the beginning of the fiscal year * (Number of months / 12)
Depreciation expense for the current fiscal year = 0.2 * $63,000 * (3 / 12) = $3,150
b. Depreciation for the following fiscal year:
Depreciation expense for the following fiscal year = Depreciation rate * Net book value at the beginning of the fiscal year
Net book value at the beginning of the fiscal year = Cost of equipment - Accumulated depreciation at the end of the current fiscal year
Accumulated depreciation at the end of the current fiscal year = Depreciation expense for the current fiscal year
Net book value at the beginning of the fiscal year = $63,000 - $3,150 = $59,850
Depreciation expense for the following fiscal year = 0.2 * $59,850 = $11,970
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In a DPP, a general partner is all of the following except A) one who buys and sells the program's property. B) one who appoints the property manager. C) a key executive who makes day-to-day business decisions. D) one who has limited liability.
Answers
Answer:
I believe that the answer is B
What economic system emerged during the industrial revolution.
Answers
Answer:
Capitalism
Explanation:
Best Coffee Enterprises is dealing in a variety of coffee like Expresso, Cappuccino, and Caffe latte etc. It has several outlets in the city. It has a good financial standing and enjoys a good reputation in the market. It purchases high-quality coffee beans from Global Traders and pays them at a future date. Briefly explain the source of finance given by Global Traders to Best Coffee Enterprises.
Answers
Different sources of finance exist operated by various companies. Global Traders exist offering Trade Credit as a source of finance to the Best Coffee enterprises. Trade credit exists as a business-to-business (B2B) arrangement in which a customer can buy goods without spending cash up front, and delivering the supplier at the latest scheduled date.
What are the features of trade credit?It exists referred to as the payment holds authorized by the creditor for a specified period for their raw material.It exists usually comprehended as an instant source of finance.It usually occurs in B2B businesses where the payees exist and desired to pay within their established deadline.Trade credit exists as a business-to-business (B2B) arrangement in which a consumer can buy goods without spending cash up front, and paying the supplier at a later scheduled date. Usually, companies that work with trade credits will give customers 30, 60, or 90 days to pay, with the transaction recorded through an invoice.
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What does a pharmacist do in medical sector?
Answers
Answer:
Pharmacists are healthcare professionals who specialize in the right way to use, store, preserve, and provide medicine.
The most important immediate environmental factors that impact consumers are the ______.
Answers
Answer:
employees
Explanation:
just cause they are the employees and should be a part of it if it's basically a new revolution
is the process of using the logic of dependent demand to calculate the quantity and timing of orders for all subassemblies and components that go into and support the production of the end item(s).
Answers
Disaggregation is the process of translating aggregate plans into short-term operational plans that provide the basis for weekly and daily schedules and detailed resource requirements.
Why is it important to disaggregate data?By fully disaggregating the data, hidden trends can be revealed. For example, it can identify vulnerable groups, identify the scale of the problem, and make vulnerable groups more visible to policy makers.
What is Fragmented State?Separated sovereignty is the need for broad strategic cooperation on critical issues requiring the transfer of sovereignty from multiple sovereign entities to new institutions without creating a centralized institution or “government”. refers to Some argue that this is the de facto state of global governance
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It was announced that IFRS accounting rules had changed. The new rule specified that all companies affected by the change had to restate their financial statements for all years affected by the change. Select one of these three items - Is this considered: an error; a change in estimate; a change in policy. And then: Select one of these two items - Should this be adjusted: retrospectively; prospectively NOTE - two boxes should be selected! Change in Error estimate Change in policy Retrospective
Answers
The change in accounting rules requiring companies to restate their financial statements for all affected years would be considered a "Change in Policy" and should be adjusted "Retrospectively."
Change in Policy: This change represents a modification in the accounting policy followed by companies due to the new IFRS accounting rules. It involves adopting a new principle or method for recognizing, measuring, or presenting financial information.
Retrospective Adjustment: Retrospective adjustment means applying the new accounting policy to the affected financial statements for prior years. Restating the financial statements retrospectively ensures that the financial information is presented consistently and comparably across different periods, providing users with accurate and reliable information.
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Suppose you purchase 11,000 shares of a closed-end mutual fund at its initial public offering; the offer price is $10 per share. The offering prospectus discloses that the fund promoter gets a fee of 4 percent from the offering. If this fund sells at a discount of 7 percent to nav the day after the initial public offering, what is the value of your investment? (do not round intermediate calculations. Round your answer to the nearest whole number. )
Answers
$98,230 is the value of your investment at the offer price is $10 per share and sells at a discount of 7%.
The net asset value (NAV) of the fund can be calculated as follows:
NAV = (Offer price per share - Promoter fee per share) = ($10 - 4% x $10) = $9.60
If the fund is selling at a discount of 7% to NAV, then the market price per share is:
Market price per share = NAV - (Discount rate x NAV) = $9.60 - (7% x $9.60) = $8.93
The value of your investment is the product of the number of shares purchased and the market price per share:
Value of investment = Number of shares x Market price per share = 11,000 x $8.93 = $98,230.
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Write about discussion whether young people should be allowed
to have credit card, use main facts supportive sentences and add
Introduction and conclusion.
i wish u happy day
Answers
Allowing young people to have credit cards can foster financial education, provide a safety net in emergencies, and build a positive credit history. Proper guidance and monitoring are essential for responsible usage.
Introduction:
The question of whether young people should be allowed to have credit cards has sparked a debate. Proponents argue that it can foster financial responsibility and independence, while critics express concerns about potential risks. In this discussion, we will examine the main facts supporting the allowance of credit cards for young individuals.
Supportive Arguments:
1. Financial Education: Allowing young people to have credit cards can serve as a valuable tool for financial education. It provides an opportunity for them to learn about money management, budgeting, and the consequences of overspending. By actively managing their credit card usage, young individuals can develop essential skills that will benefit them throughout their lives.
2. Emergency Situations: Credit cards can act as a safety net in emergencies. Young people may encounter unforeseen circumstances that require immediate access to funds, such as medical expenses or urgent car repairs. Having a credit card enables them to handle such situations independently, without relying on others for financial assistance.
3. Building Credit History: Establishing a credit history early on can be advantageous for young individuals. Responsible credit card usage allows them to build a positive credit history, which can help when applying for loans, renting an apartment, or securing future financial opportunities. By demonstrating responsible financial behavior at a young age, they set themselves up for better financial prospects in the long run.
Conclusion:
While concerns exist regarding young people having credit cards, the supportive arguments highlight the potential benefits. Credit cards can be valuable tools for financial education, provide a safety net in emergencies, and assist in building a positive credit history. However, it is crucial to emphasize the importance of proper guidance and monitoring to mitigate potential risks and ensure responsible credit card usage. With the right approach, allowing young individuals to have credit cards can contribute positively to their financial development.
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What does it mean to “authenticate” your payment? How do these payment systems authenticate?
Answers
Answer:
Payment authentication is the process of confirming a customer's identity through at least one of the following authentication factors: knowledge, inherence, ownership, and user location. Knowledge is the most common category used for transaction authentication.
What is misleading about the term “overdraft protection”? please answer will give brainliest to the first
Answers
Answer:
"Overdraft protection is a misleading term, because it doesn't protect you from overdrafting," Schliep said, after paying the bank back for the charges. "It allows you to overdraft when you don't have enough money in checking so you're not embarrassed by getting your card denied."
Explanation:
Answer:
it makes it sound beneficial but it will take money from you.
With overdraft protection, if you don't have enough money in your checking account, checks will clear and ATM and debit card transactions will still go through. If you don't have enough overdraft protection to cover a shortfall, transactions won't go through, and fees may be high.
Explanation:
what is meant by the phrase 'external costs of production'
Answers
External costs of production, also known as externalities, refer to the indirect costs that are incurred as a result of producing goods and services but are not reflected in the market price.
These costs are imposed on individuals or society as a whole and are not accounted for by the producers or consumers of the goods and services. Externalities can be negative or positive and can arise from a variety of sources, such as pollution, congestion, noise, or benefits to others. Externalities are often considered to be market failures because they can result in inefficient outcomes and distortions in resource allocation.
Therefore, external costs of production, also known as externalities, refer to the indirect costs that are incurred as a result of producing goods and services but are not reflected in the market price.
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The additional $600 unemployment benefit ended on July 25, 2020. Even with the $300 Lost Wages Assistance Benefit, many Texans are being evicted from their homes and cannot provide basic necessities for their family. The unemployment rate is now over 7% in Texas, above our natural rate of unemployment. Did the government make the right decision with ending the extra $600 unemployment benefit from the CARES Act? Why or why not? Explain your position.
Answers
Answer: No they did not at this rate many of the citizens will go bankrupt and the economy will suffer a great lost do to the increase of the unemployment rate
Explanation:
If Chinwe owes $2,164.00, what would her quarterly payments be?
Answers
Answer:
$541.00
Explanation:
2164 / 4 = 541
Based on the calculation, Chinwe's quarterly payment would be equal to $541.00.
What is a quarterly payment?A quarterly payment can be defined as a cumulative total of monthly payments that are made by an individual or business organization, four (4) times in a year or an annual basis. This ultimately implies that, a quarterly payment would be paid in four (4) installments only.
Given the following data:
Debt = $2,164.00.
Quarterly payment = 2,164.00/4
Quarterly payment = $541.00.
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Fuel costs, airline industry consolidations, politics, exchange rates, availability of consumer’s discretionary money, state tax—these are all economic factors that impact the hospitality and tourism industry. Evaluate how at least three of these factors can impact the hospitality and tourism industry and analyze the potential significance of their impact
Answers
Tourism may have both beneficial and bad effects in three areas: economic, social, and environmental.
What do the terms tourism and hospitality mean?Hospitality is a large sector that comprises numerous disciplines that deal with providing services to clients such as lodging, food, and transportation. Tourism is a subset of hospitality, providing services to individuals visiting for pleasure or business. Hospitality refers to the relationship between a guest and a host in which the host receives the guest with some amount of courtesy, including the reception and entertainment of guests, visitors, or strangers. Hospitality also refers to how individuals treat others, such as the service of greeting and welcoming visitors at hotels. The impact of hospitality in raising or lowering an organization's sales volume cannot be overstated.
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why do economists believe that our free enterprise system depends on the protection of private property rights?
Answers
Private ownership encourages people to develop their property in ways that benefit others.
Why do economists think private ownership helps improve property?
Private property encourages efficiency by providing the resource owner with an incentive to increase the value of their holdings. The more trading power a resource gives its owner, the more valuable it is. This is so that property owners in a capitalist system are entitled to any value attached to their property.
Private property ownership stimulates land development for the good of others. Property owners frequently make the best use of their properties.
It is advantageous because owners are motivated to maintain the property. What does market regulation serve in terms of economics? to have an impact on people's and businesses' economic behavior.
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10
Drag each tile to the correct location on the table.
Match each feature to the correct social media platform.
encourages
groups to
exchange ideas
often used
with other
types of social
media platforms
gets quick
messages out
to the public
connects users
within a
particular
geographic
space
Social
Networking
Microblogging
Video Sharing
Discussion
Forum
Answers
Microblogging is a form of social media that allows users to share short and concise messages with their followers in real-time.
This type of platform is designed for quick and easy communication, often limited to a certain number of characters or words per post.
Microblogging is ideal for getting immediate information out to a large audience, such as breaking news or updates on event.
It also encourages interaction and engagement between users, who can comment or share posts with their own followers.
While not limited to any specific topic, microblogging platforms are often used for sharing personal opinions, thoughts, and experiences, and can serve as a means of self-expression and community building.
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In 2011 oil production in libya was interrupted by political unrest. at the same time, the demand for oil by china continued to rise.
a. demonstrate the impact on the quantity of oil bought and sold. instructions: draw a parallel shift in the demand or supply curve(s) by grabbing, dragging, and then dropping the curve(s) to the new position(s). in the market for oil, compared to the initial equilibrium (e0), the impact of these events on price is and the impact on quantity is .
b. oil production in libya returned to its original levels by the end of 2012. what was the likely effect on equilibrium oil price and quantity? compared to the equilibrium identified in part a, price will and quantity will .
Answers
Which of the following is true of resources and wants?
Both are unlimited.
Both are limited.
Resources are limited and wants are unlimited.
Resources are unlimited and wants are limited.
Answers
Answer:
the third one.............
Of all the given statements, the statement that is true in the context of resources and wants is “Resources are limited and wants are unlimited.” Hence, Option C is correct.
What are the resources?
A resource is a physical good that people appreciate and need, including air, water, and land. A resource can be classified as renewable or nonrenewable based on whether it can replace itself at the rate it is used up or whether it has a finite supply.
Natural resources, human resources, environmental resources, and many more are examples of various types of resources. In essence, wants are things that members of society aspire to possess. However, the term "resources" refers to the earth's natural resources that can be used by humans.
Thus, if there are lack of the necessary resources, one cannot satisfy wants. Option C is correct.
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Inside traders ordinarily defend their actions by claiming that they don’t injure.
Answers
Inside traders ordinarily defend their actions by claiming that they don’t injure anyone.
Insider trading is that the trading of a company’s securities by individuals with access to confidential or material non-public information about the corporate. Taking advantage of this privileged access is taken into account a breach of the individual’s legal duty. a corporation is required to report trading by corporate officers, directors, or other company members with significant access to privileged information to the Securities and Exchange Commission (SEC). Federal law defines an “insider” as a company’s officers, directors, or someone up to speed of a minimum of 10% of a company’s equity securities. Congress has criminalized these insiders’ use of private information under the speculation that the employment fraudulently violates a legal duty with which the corporate has charged the insider.
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The number of shares that a corporation's incorporation document allows it to sell is referred to as
Answers
The number of shares that a corporation's incorporation document allows it to sell is referred to as authorized shares.
What is a Corporation?This refers to a business entity that has a group of members who acts together for a set goal.
Hence, we can see that when it comes to the selling of stocks by the corporation, there is a limit of shares to sell and this is known as authorized shares.
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You work as a carpenter's assistant five days a week. On Tuesday
evening you cut your finger badly and need to get three stitches.
The doctor says that you should not work for two days. What
should you do?
Answers
Answer:
Answer:
You should listen to the doctor and give your finger time to heal. You should also take Friday off, and go back to work next week.
1. The preferred stock of a company pays a quarterly dividend of $3 forever. What is the present value of all dividends? (Assume the discount rate is 3% per quarter.)
2.Suppose a corporate bond that makes semiannual payments has 5 years to maturity. The coupon rate of this bond is 6%, and the yield to maturity is 8%. The bond’s par value is $1,000. What is the bond’s price?
3.You expect to receive three cash flows: $3,000 paid after 2 years, $6,000 paid after 4 years, and $8,000 paid after 6 years. The annual interest rate is 5%. What is the present value of the combined cash flows?
Answers
1. The present value of the preferred stock:Dividend = 3 per quarter,Discount rate = 3% per quarter,Present value of an annuity can be calculated using the formula below:PV = (C / r)(1 - (1 / (1 + r)ⁿ))
Where,PV = present value of an annuity,C = cash flow (payment) per period,r = discount rate,n = number of periods
For quarterly payments, n = 4, so we have:PV = (3 / 0.03)(1 - (1 / (1 + 0.03)¹⁶))
PV = 75(1 - (1 / 1.605))
PV = 75(0.3772)
PV = 28.29
The present value of the preferred stock's dividends is 28.29.
2. The price of the bond can be calculated as follows:Par value of the bond = 1,000,Coupon rate = 6%,Yield to maturity = 8%,Maturity = 5 years.The bond makes semiannual payments, so the number of periods is n = 2 x 5 = 10 years.
We use the formula below to calculate the price of the bond:P = C * (1 - 1 / (1 + r)ⁿ) / r + FV / (1 + r)ⁿ
Where,P = price of the bond,C = coupon payment per period,FV = face value or par value of the bond,r = periodic discount rate (yield to maturity / 2) = 0.04,n = number of periods (10)
substitute the values into the formula:P = 30 * (1 - 1 / (1 + 0.08 / 2)¹⁰) / (0.08 / 2) + $1,000 / (1 + 0.08 / 2)¹⁰
P = 30 * (1 - 1 / 1.46933) / 0.04 + 1,000 / 1.46933⁵
P = 30 * 0.3186 / 0.04 + 1,000 / 1.73596
P = 238.95 + $577.68
P = 816.63
Therefore, the price of the bond is 816.63.
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