On January 1, a company issued and sold a $440,000, 6%, 10-year bond payable, and received proceeds of $434,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The carrying value of the bonds immediately after the second interest payment is:

Answers

Answer 1

The carrying value of the bond immediately after the second interest payment is $433,700.

The discount on the bond payable is calculated as the difference between the face value and the proceeds received, which is $440,000 - $434,000 = $6,000. The discount is then amortized over the life of the bond using the straight-line method, which means that $600 of discount is amortized each year ($6,000 discount / 10-year life of the bond).

After the first interest payment on June 30, the carrying value of the bond is equal to the face value ($440,000) minus the unamortized discount ($600), which is $439,400.

After the second interest payment on December 31, another $300 of discount has been amortized ($600 per year / 2 payments per year). So, the carrying value of the bond is equal to the face value ($440,000) minus the unamortized discount ($6,000 - $300), which is $433,700.

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Related Questions

Audit Risk should be considered when planning and performing an audit of financial statements in accordance with generally accepted auditing standards.1. Define audit risk2. Describe its components of inherent risk, control risk, and detection risk.3. Explain the interrelationship among these components.4. Comment on the following: "Since cash is often less than 1 percent of total assets, inherent and control risk for the account must be low. Accordingly, detection risk should be established at a high level."

Answers

1. The possibility that the auditor could unintentionally neglect to change their assessment of financial statements that are significantly inaccurate.

2. Control risk is the risk that a major misstatement might occur and go undetected by the internal control system, whereas inherent risk is the risk that occurs in the absence of internal control. The chance of a major misrepresentation going undetected by the auditor is known as detection risk.

3. There is a connection between the inherent risk, control risk, and detection risk elements. The allowable amount of detection risk decreases as inherent and control risks increase.

4. It is untrue to say that the low relevance of cash relative to total assets should be the basis for setting the detection risk at a high level. Regardless of the importance of the account, the auditor should evaluate inherent and control risks and create detection risk appropriately.

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The three primary reactions people have to attempts to manage or influence them are

Answers

Answer:

Resistance, Compliance, or Commitment.

Explanation:

HOPE THIS HELPS!!! ;P

Which of the following reflects an acceptable yearly developmental goal as identified on an employee’s Individual Development Plan? (Select all that apply.)
improve my listening skills and interpersonal communication.

complete the training to become a master aircraft mechanic.

reconnect with high school friends in similar careers for networking.

enroll in post-graduate courses and complete studies for a master’s degree.

Answers

Answer:

improve my listening skills and interpersonal communication.

enroll in post-graduate courses and complete studies for a master’s degree.

Explanation:

EXAMPLE 1: invests $500 at a simple
interest rate of 6%. How much interest will he earn in
one month? In six months? In one year?

Answers

One month: $30
Six months: $180
One year: $360

TRUE OR FALSE: Take-home pay minus total living expenses equals money available for savings and investment

Answers

Answer:

TRUE

Explanation:

Take-home pay is the gross pay minus all deductions. Deductions include statutory and voluntary deductions. Take home is the money that gets to the employee's bank account.

In most households saving and investment are done after meeting the basic expenses. In other words, people will save or invest after meeting their basic needs. Therefore, take home minus total expenses necessary for life is saving and investment

Find the amount of the payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. $95,000; money earns 8% compounded semiannually for 2 2
1

years The payment size is $ (Do not round until the final answer. Then round to the nearest cent.)

Answers

The payment size needed to accumulate $95,000 in 2 2 1​ years with an 8% interest rate compounded semiannually is approximately $4,119.18.

To calculate the payment size needed to accumulate a specific amount in a sinking fund, we can use the formula for the future value of an ordinary annuity:

A = P * ((1 + r/n)^(n*t) - 1) / (r/n)

Where:

A is the future value

P is the payment size

r is the interest rate per period

n is the number of compounding periods per year

t is the number of years

In this case, the future value is $95,000, the interest rate is 8% (or 0.08) compounded semiannually (2 times a year), and the time period is 2 2 1​ years.

Plugging the values into the formula, we have:

$95,000 = P * ((1 + 0.08/2)^(2*2.25) - 1) / (0.08/2)

Solving for P, we find that the payment size P is approximately $4,119.18.

Therefore, the payment size needed to accumulate $95,000 in 2 2 1​ years with an 8% interest rate compounded semiannually is approximately $4,119.18.

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2. analyzing occupancy rates as you can see from the article in the prior problem, "rents hit all-time highs amid job growth and low vacancy rates," some people move out as a result of rent increases, while others are ready to pay an even higher rent. rent control adds yet another aspect by setting a ceiling on what the rental price can ultimately rise to. the supply and demand model can be used to illustrate the mechanism that leads to all these different market outcomes. consider the market for rental properties in los angeles and orange counties in southern california. suppose that while average earnings increased by about 10% in los ang

Answers

The demand for rental apartments and flats would increase, rent would go to an all-time high, and let's assume that average earnings in Los Angeles increased by around 10%.

What is meant by a pricing ceiling?

The imposed maximum price a seller is allowed to keep for a good or service is known as a price ceiling. Price ceilings are often imposed to necessities like food and energy supplies when they become unaffordable for average customers. Price ceilings are typically established by law. In short, a price cap is a form of pricing control.

Who stands to gain from a price cap?

The product will benefit those who are able to purchase it at the reduced price set by the price ceiling, but suppliers of will be in loss.

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True or false: Market expansion approaches include opening more stores in the target market and/or keeping existing stores open for longer hours.

Answers

The statement " market expansion approaches do include opening more stores in the target market and/or keeping existing stores open for longer hours." True. This is because increasing the number of stores or extending operating hours can help a company reach more customers and increase sales.

By opening new stores, a company can increase its physical presence in a market, making its products or services more accessible to potential customers. Additionally, by keeping existing stores open for longer hours, a company can cater to customers who may not be able to shop during traditional business hours. This can be particularly effective for businesses in industries such as retail, where consumers often prefer to shop outside of their regular work hours. However, it is important to note that these approaches may not be suitable for all businesses, as they can require significant investments in terms of time and resources. Companies should carefully evaluate the potential benefits and costs of market expansion approaches before implementing them.

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Tuity fruity beverage​ company's operating activities for the year are listed below. purchases ​$140 comma 500 operating expenses 80 comma 600 beginning inventory 12 comma 900 ending inventory 18 comma 300 sales revenue 300 comma 700 what is the gross profit for the​ year?

Answers

Answer:

$135,100

Explanation:

Given :

Cost of purchasing: $140,500

Operating expenses :$80,600

beginning inventory:$12,900

Ending inventory:$18,300

sales revenue :$300,700

Gross profit of the year can be determined by

Cost of purchasing + beginning inventory - Ending inventory

=140,500 + 12,900 -18,300

=$153,400-$18,300

=$135,100

What are the 3 characteristics of team players?

Answers

The three characteristics are  Collaborative , Communicative and Loyal.

1. Collaborative: Team players are able to work together to achieve common goals. They take an active role in helping the team succeed and are willing to compromise to ensure the best possible outcome.

2. Communicative: Team players are open and honest, and they communicate clearly and effectively with their fellow team members. They are able to listen to and understand the needs and ideas of others, and work together to find solutions.

3. Loyal: Team players are loyal to their team and its goals. They are supportive of their team members, and are not afraid to speak up and defend the team's ideas and objectives. Team players also recognize that they are part of a larger organization and strive to contribute to the success of the entire organization.

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Explain the idea of the incan community storehouses. what were they and what was its purpose?

Answers

Storehouses were used by the Incas to store cloth, corn, wool, potatoes, and weapons.Government officials meticulously recorded and utilized these supplies.After a crisis or a siege, or to those in poor health, the goods were distributed.

What did the Incas call their storehouses?

State storage facilities known as colcas were used to store surplus food, clothing, raw materials, and other items.Colcas were a part of the Inka method of redistributing goods and food from each suyu to the people living in the empire.

Why did the Incas construct storage facilities throughout their Andean empire?

The Incas constructed warehouses for food, clothing, tools, and weapons all over their empire, including these above Ollantay tambo.The Incan public were supposed to occupy the capacity when times were great, and openly draw upon them in lean times or seasons of war.

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A business that accepts payments by credit and debit cards A. almost always pays a fee to the processor to cover the processing costs B. is usually unable to attract more customers C. generally receives proceeds from credit and debit card transactions 30-45 days after the sale D. must check each customer's credit rating

Answers

Answer:

HOPE THIS HELPS

Explanation:

A. it's almost always pays a fee to the processor to cover the processing costs.

The law of diminishing utility states that added satisfaction declines as a consumer acquires additional units of a given product. True or false?.

Answers

The law of marginal utility states that added satisfaction declines as a consumer acquires additional units of a given product. The given statement is false.

What is marginal utility?

Marginal utility, in economics, exists as the additional satisfaction or benefit (utility) that a consumer emanates from buying an additional unit of a commodity or service. Utility stands for the satisfaction or benefits emanated by consuming a product. The marginal utility of a good or service represents how much pleasure or satisfaction exists gained or lost by consumers as a consequence of the increase or decrease in consumption by one unit. There are three classifications of marginal utility.

Diminishing marginal utility directs to the phenomenon that each additional unit of gain shows an ever-smaller increase in subjective value. For example, three bites of candy exist better than two bites, but the twentieth bite does not add much to the adventure beyond the nineteenth.

Hence, The given statement is false.

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An investor purchased 100 shares of Paradigm Publishing Corporation (PPC) on October 17, 2020. The price was $83 per share. On April 11, 2021, the investor wrote one PPC Nov 85 call for 3. At expiration date, the PPC stock is selling for $80 per share, and the investor liquidates the stock at the market price and the option at its intrinsic value. The net tax consequences are A) $300 long-term loss. B) $300 long-term gain. C) no gain, no loss. D) $200 short-term gain.

Answers

Based on the information given the net tax consequences are: C) no gain, no loss.

First step is to compute the breakeven point

Breakeven point=Purchase price-premium received

Breakeven point=$83-[($83-$80)]

Breakeven point=$83-$3

Breakeven point=$80

Based on the given details  we were told that the PPC stock is selling for $80 per share and based on the above calculation the breakeven point was also $80.

Therefore the tax consequences is no gain or no loss because PPC stock was sold out at the breakeven point.

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There are several disadvantages of franchising as an entry mode. Which of the following is one of them?a. There is little incentive for the franchisee to build a profitable operation as quickly as possible.b. The firm incurs many of the costs and risks of opening a foreign market on its own.c. Franchising may inhibit the firm's ability to use the profits obtained to open additional businesses in the same country.d. Franchising may inhibit the firm's ability to take profits out of one country to support competitive attacks in another.

Answers

One of the disadvantages of franchising as an entry mode is that there is little incentive for the franchisee to build a profitable operation as quickly as possible. Option (a) is the correct choice.

When a company chooses to expand through franchising, it grants the rights to independent individuals or businesses (franchisees) to operate under its brand and business model. While franchising offers benefits such as rapid market penetration and reduced capital investment, it also comes with certain disadvantages.

One of these disadvantages is that franchisees may have little incentive to build a profitable operation quickly. Since franchisees typically pay a portion of their revenues or profits to the franchisor as royalties or fees, they may prioritize minimizing costs or maximizing their own income rather than investing in profit growth. This can result in slower business expansion or inadequate efforts to optimize operations.

Franchising allows the franchisor to expand its brand and presence without bearing the full costs and risks of opening a foreign market on its own (option b). Additionally, it provides a revenue stream through franchise fees (option c) and allows the franchisor to leverage profits in one country to support operations in another (option d). Therefore, options b, c, and d do not represent disadvantages of franchising as an entry mode.

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97) You have just been hired as a security consultant by MegaMalls Inc., a chain of retail malls, to make sure that the security of their information systems is up to par. Outline the steps you will take to achieve this.
Short Answer:

Answers

MegaMalls Inc. can ensure that its information systems are secure and that it is effectively protecting its data and assets against potential security threats.

Why will be Outline the steps you will take to achieve this?

As a security consultant hired by MegaMalls Inc., to ensure the security of their information systems, here are the steps I would take:

Perform a risk assessment: The first step would be to assess the current state of the organization's security systems. This would involve identifying potential security risks and vulnerabilities in their systems, including their network infrastructure, hardware, software, and processes.

Develop a security policy: Based on the results of the risk assessment, I would develop a comprehensive security policy for MegaMalls Inc. This policy would outline best practices for maintaining the security of the organization's information systems, including guidelines for employee access and password management, data backup and recovery, and incident response.

Implement security controls: After developing the security policy, the next step would be to implement security controls that align with the policy. This could include implementing firewalls, intrusion detection and prevention systems, access controls, and security software.

Conduct employee training: A crucial component of any security program is employee training. I would develop and implement a training program for employees that would teach them best practices for maintaining the security of their systems and data.

Perform ongoing monitoring and testing: The final step would be to continually monitor and test the organization's security systems to ensure that they are functioning effectively. This would involve conducting regular security audits and vulnerability assessments, as well as testing the organization's incident response plan.

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Sienna Rose received $3500 cash in graduation presents. She invests it in an account earning 3.35% interest compounded monthly. How long will it take for her money to grow to $5500?
It will take year(s) and month(s) for her money to grow to $5500.
(Type whole numbers.)

Answers

We are looking for the time in years and months, we know that it will take approximately 2 years and 7 months for Sienna Rose's money to grow to $5500.

To determine how long it will take for Sienna Rose's money to grow to $5500, we can use the formula for compound interest:

A = P(1 + r/n)^(nt)

Where:

A = Final amount ($5500)

P = Principal amount ($3500)

r = Annual interest rate (3.35% or 0.0335 as a decimal)

n = Number of times interest is compounded per year (monthly compounding, so n = 12)

t = Time in years

We need to solve for t. Rearranging the formula, we have:

t = (log(A/P)) / (n * log(1 + r/n))

Plugging in the values, we get:

t = (log(5500/3500)) / (12 * log(1 + 0.0335/12))

Calculating the value:

t ≈ 2.58 years

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What consumer protection agency is known by the acronym SEC?.

Answers

Answer:

The Securities and Exchange Commission (SEC) is a U.S. government oversight agency responsible for regulating the securities markets and protecting investors.

Securities and Exchange Commission (SEC) is the protection agency known by the acronym SEC.

In the wake of the 1929 Wall Street Crash, the United States federal government established the independent U.S. Securities and Exchange Commission. The SEC's main goal is to uphold the law against market manipulation.

To encourage ethical business practices, the disclosure of critical market information, and the prevention of fraud, the Securities and Exchange Commission regulates securities exchanges, securities brokers especially dealers, and investment advisors, including mutual funds.

The truth is that the agency has all the authority necessary to act as a regulator at its disposal – authority that is much greater than that of the SEC, which must gather convincing evidence and persuade a judge of its version of events before acting, not after.

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True or false. A direct deposit is when you take your check straight to the bank when you receive it

Answers

Answer:

false

Explanation:

An _______ is an activity to get you thinking about your project including your role, the challenge and objectives. Question 4 options: obstacle course benchmark hour nap entry event

Answers

Answer:

obstacle course

Explanation:

An obstacle course helps your mind to focus on your project or activities and gets your thought process going.

In order to make up for a budget deficit, the government can do what?

Answers

Answer:

print more money

Explanation:

it makes sense if u think bout it

Answer:

Budget deficit is when the government exceeds its budget, meaning they have spent a lot more money than they were initially supposed to, and thus need to get more money for other issues. So what the government will usually do is take out loans and sell government bonds.

Explanation:

Hope this helps :)

Which is true of community cloud computing?

a.
The costs are spread over fewer users than with a public cloud.

b.
It offers higher security as compared to private clouds.

c.
The infrastructure can be owned by just one organization.

d.
It exposes mission-critical applications and data to the outside world.

Another commonly used name for collaborative computing is _____ computing.

a.
group

b.
analysis

c.
GIS

d.
DSS

Answers

The truth that can be said about community cloud computing is : The costs are spread over fewer users than with a public cloud. Option A.

Another commonly used name for collaborative computing is group computing. Option A.

What is community cloud computing?

A community cloud computing initiative is characterized as a cooperative undertaking in which infrastructure is not owned by a single entity but rather shared by a number of organizations with related issues. Compared to a public cloud, fewer users are responsible for the costs. It does not, however, give the same level of tight security as a private cloud offers. Consequently, the appropriate choice is (a). The other suggestions regarding a community cloud are all false.

Groupware computing and group computing are other names for collaborative computing. It enables a group of people to exchange information. It makes it possible for team-based enterprises to expand. Consequently, the appropriate choice is (a). None of the other choices are considered collaborative computing, hence they are all incorrect.

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What would you have done if you were an employee at Enron and you found out about all the unethical things going on in the company? BUT, you were a manager making a lot of money and you had a house payment and a family to feed.

Answers

Answer:

478

Explanation:

Why does the definition of PR and PR management vary significantly from one organisation and service provider to the next?

Answers

In order to maintain or enhance a company's reputation in the media and with the general public, a public relations manager is responsible for planning and managing the creation of content.

How are business and public relations related?

The value of public relations. It can increase revenue, is a crucial part of managing your brand, and promotes relationships with customers. Additionally, PR can assist you in minimizing the consequences of a disaster or in seizing unanticipated economic opportunities.

How does PR impact a business?

In order to attract new personnel, PR can assist you improve the perception of your business among potential employees. The mood of your current staff may also improve as a result.

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Activities performed by an applicant after an interview intended to express continued interest in employment with the
company are referred to as_____

applicant promotion
activities


inquiry activities

follow-up activities

interest identifiers

Answers

Answer:

Activities performed by an applicant after an interview intended to express continued interest in employment with the company are referred to as follow-up activities

Answer:

follow up activities

Explanation:

got it right edg 2021

Question 5 of 10
When gathering information, which of the following tasks might you need to
perform?
A. Apply standards, such as measures of quality, beauty, usefulness,
or ethics
B. Seek out ideas from others and share your own ideas
C. Study objects, conduct lijsts, research written materials, and ask
questions
D. Fill out forms, follow procedures, and apply math and science
SEN

Answers

I’m pretty sure the answer is option C

At a recent stockholders meeting for Ignate Inc., a group of stockholders expressed disagreement with the way that the managers were using free cash flow. Because they wanted to be able to control how the cash is invested, the stockholders lobbied that the free cash flow should be:

Answers

The stockholders lobbied that the free cash flow should be distributed to them as dividends.

The Free cash flow means money that business generates from its main business activities after necessary deduction of capital expenditures.

The Free cash flow are used to make further investment to allow more cash inflow into the organization.

But here, the stockholders are expressing their disagreement with the way that the managers were using free cash flow, therefore, they prefers that dividend are paid to them rather than managers investing the Free Cash Flow.

Therefore, the Option B is correct.

The options includes "a. used to pursue cross-border acquisitions. O b. distributed to them as dividends. O C. invested in new research and development O d. used to pay down corporate debt."

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1. Describe how SaksFirst builds loyalty for Saks Fifth Avenue.

Answers

SaksFirst built loyalty for Saks Fifth Avenue by broadening its reach and offering more benefits like:

free membership for cardholders without minimum spending earning points toward SaksFirst card with first purchases and free shipping from Saks stores.

How do brands build loyalty?

Customers only continue to buy or patronize a brand if they feel they can trust the company, this is brand loyalty. Loyalty can be achieved through engaging customers, being reliable, keeping the price reasonable and incentives.

In the case of SaksFirst, they built loyalty by offering free memberships to Saks Fifth avenue customers, giving points for first card purchase and free shipping.

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An examplepf a cost would be
O profit
revenue
Ofire
O salaries

Answers

I Think it’s Profits

taxpayers with a(n) tax liability in the previous year or whose tax payable after subtracting their withholding amounts is less than $ are not subject to underpayment penalties.

Answers

Underpayment penalties are assessed by the Internal Revenue Service (IRS) to taxpayers who fail to pay their taxes on time or underpay their estimated tax payments.

However, taxpayers who have a tax liability in the previous year or whose tax payable after subtracting their withholding amounts is less than $1,000 are exempt from these penalties. This means that taxpayers who have paid at least 90% of their current year tax liability through withholding or estimated tax payments, or who pay 100% of their previous year's tax liability (110% for high-income taxpayers), will not be subject to underpayment penalties.

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