On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds: Date Cash Interest Amortization Balance January 1, Year 1 $ 58,998 End of Year 1 $ 3,944 $ 3,717 $ 227 58,771 End of Year 2 ? ? ? 58,530 End of Year 3 ? ? 257 ? End of Year 4 ? 3,671 ? 58,000
Answers
Answer and Explanation:
The amortization schedule is presented below:
Date Cash Interest expense Amortization Balance
A B C = (A - B)
January 1, Year 1 $58,998
D
End of Year 1 $3,944 $3,717 $227 $58,771
E = D - C
End of Year 2 $3,944 $3,702.573 $241 $58,530
End of Year 3 $3,944 $3,687.39 $257 $58,273
End of Year 4 $3,944 $3,671 $273 $58,000
Working notes:
For computing the missing amount first we have to find out the interest expense rate which is
= $3,717 ÷ $58,998
= 6.30%
For year 2,
The interest expense is
= $58,771 × 6.30%
= $3,702.573
For year 3,
The interest expense is
= $58,530 × 6.30%
= $3,687.39
Related Questions
answer my previous question for 50 pt dm me when its done first brainliest gets it.
Match the terms with their correct meanings.
offer
consideration
agency relationship
utility patent
(options to match with above)
a contract between an agent and
the principal
protects machines and industrial
processes
an unambiguous and clear proposal
the part of a contract that carries
the expectations of all parties in
the contract
Answers
The Match of the terms with their correct meanings are:
Offer - an unambiguous and clear proposalConsideration - the part of a contract that carries the expectations of all parties in the contractAgency relationship - a contract between an agent and the principalUtility patent - protects machines and industrial processesWhat is the consideration part of a contract?The value that each party brings to a contract is known as consideration. This could be in the form of money or a commitment to carry out a certain deed. A party may be expected to perform an act or refrain from performing an act, depending on the situation.
Therefore, In a principal-agent relationship, one entity formally designates another to act on its behalf. When there is a principle-agent connection, the agent represents the principal and shouldn't have any competing interests when performing the act.
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which among the following is recommended way to run retrospectives
Answers
Answer:
- Team discusses how they can improve their way of working and picks up one or two improvement areas for next iteration.
Multiple choice options for this question from a online search.
Team discusses the feedback received during the iteration demo and creates a roadmap in the retrospective. - Team discusses how they can improve their way of working and picks up one or two improvement areas for next iteration. - Team discusses the backlog items to be worked upon in the next iteration. - Facilitator does a review of the performance of each team member and suggests improvements.Explanation:
Retrospectives are a way of evaluating a project's past events and their outcomes. They are undertaken to allow the team to see how their work has been going on. The team finds out what worked well and the actions to take to improve going forward.
Based on the feedback generated, that team selects one or two improvement areas to be introduced in the future. Conducting periodic retrospectives is helpful for a team to improve its performance.
Banks use a large percentage of their checkable deposits for the purpose of __________.
A.
paying interest
B.
giving loans
C.
employee salaries
D.
maintaining reserves
Answers
Answer:
the answer is D.
Maintaining reserves
While on a call with an emotional customer, the credit card they provide to purchase your service is declined by your system. They become even more agitated and swear it has the necessary funds.
What would you do?
Advise the customer of the declined card and suggest they call back when they get things figured out so you can help them right away.
Advise the customer of the declined card and apologize for the issue then ask if they have another card or a family member that can assist with the payment.
Explain to the customer that their card was declined and ask them if they'd like you to try again using different card.
Answers
If hey become even more agitated and swear it has the necessary funds. What she should do is: B. Advise the customer of the declined card and apologize for the issue then ask if they have another card or a family member that can assist with the payment.
Who is a customer care officer?A customer care officer is someone whose customers calls to make inquiring from or a person that render help to customers. A customer care officer have to responds to the needs of the customers, must equally develop rapport with the customers and must be friendly.
It is the duty of a good customer care to show empathy and to as well have a good listening skills as well as others customers care qualities.
Based on the given scenario what she should do is to Advise the customer of the declined card and apologize for the issue then ask if they have another card or a family member that can assist with the payment.
Therefore the correct option is B.
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Match the methods to monitor on-floor selling activity and sales effectiveness to the scenario that portrays them.
Answers
Monitoring on-floor selling activity and sales effectiveness can be done through various methods that help retailers make informed decisions about their store's performance.
Here are some methods for monitoring on-floor selling activity and sales effectiveness:1. Mystery shoppingThis is where retailers hire a third-party to pose as a customer and visit the store to evaluate the level of service and sales effectiveness. Mystery shoppers can be used to evaluate different areas of the store, such as customer service, product knowledge, and sales techniques. The results can be used to identify areas of weakness and opportunities for improvement.2. Point of sale data analysisThis involves analyzing sales data collected at the checkout. This method can provide insights into sales trends, popular products, and the effectiveness of promotions and sales strategies. Retailers can use this data to make informed decisions about their store's inventory and pricing.3. In-store camerasInstalling cameras on the sales floor can help retailers monitor customer behavior, such as how long they spend in a particular area and which products they are looking at. Retailers can use this information to improve store layout and product placement.4. Customer feedback forms Retailers can use feedback forms to gather information about customers' experiences in the store.
This can include questions about the level of service, product availability, and overall satisfaction. Retailers can use this information to identify areas of improvement and make changes to the store's operations.5. Sales tracking softwareRetailers can use sales tracking software to monitor sales performance and set sales goals. This software can provide real-time updates on sales data and identify areas of strength and weakness. Retailers can use this information to make informed decisions about their store's operations and sales strategies.In conclusion, retailers can use different methods to monitor on-floor selling activity and sales effectiveness. These methods include mystery shopping, point of sale data analysis, in-store cameras, customer feedback forms, and sales tracking software. The choice of method will depend on the retailer's goals and the specific areas they want to evaluate.
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PLEASE HELP! URGENT!
What is the maturity date of a 186-day note dated July 22ND ?
Answers
Answer:
November 24, 2008
Explanation:
if this is helpful... give me brainliest (pls) when possible
You deposit $1500 in an account that pays 7% annual interest. Find the balance after 2 years when the interest is compounded daily. Round your answer to the nearest cent.
Answers
Suppose you deposit $1500 into an account that pays 7% annual interest, compounded daily. To find the balance after 2 years, we can use the formula for compound interest:
A = P(1 + r/n)^(n*t)
where A is the balance, P is the principal (the initial deposit), r is the annual interest rate as a decimal, n is the number of times the interest is compounded per year, and t is the time in years.
In this case, P = $1500, r = 0.07, n = 365, and t = 2. Substituting these values into the formula, we get:
A = 1500(1 + 0.07/365)^(365*2)
A = 1500(1.00019196)^730
A = 1500(1.15229558)
A = $1728.44
Therefore, the balance after 2 years with daily compounding is $1728.44, rounded to the nearest cent. This means that your initial deposit of $1500 has earned you $228.44 in interest over the course of 2 years.
Which of the following cash flows should be included in the investing Section of the statement of cash
flows under US GAAP? Drag the cash transaction to the appropriate column
ITEMS
CASH RECEIVED IN
SALE OF
EQUIPMENT
CASH PAID TO
PURCHASE
INVENTORY
PURCHASE OF A
PIECE OF LAND
CASH RECEIVED FOR
GOODS SOLD LAST
MONTH
SALE PROCEEDS
FROM DEBT
INVESTMENTS
CASH CONTRIBUTED
BY AN OWNER
PRINCIPAL
RECEIVED FROM
LOANS MADE TO
OTHERS
PAYMENT TO
REACQUIRE SHARES
PROCEEDS FROM
ISSUING STOCKS
INTEREST EARNED
IN CASH
Answers
Answer:
Cash flow items to be included in the investing section of the statement of cash flows under US GAAP
1. Cash received in sale of Equipment
2. Purchase of a piece of land
3. Sale proceeds from debt investments
Explanation:
Cash flow from investing activities is a section of the cash flow statement that shows the cash generated or spent relating to investment activities. Investing activities include purchases of physical assets, investments in securities, or the sale of securities or assets.
Some examples of investment activity from the company’s perspective would include:
Cash outflow from the purchase of an asset (land, building, equipment, etc.).
Cash inflow from the sale of an asset.
Cash outflow from the acquisition of another company.
Cash inflow resulting from a merger.
Cash inflow resulting dividends paid on stock owned in another company.
LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 84,000 84,000 92.000 $ 3,251,000 $ (8,000) 3,259,000 127.000 603,000 2,529,000
How do you find the cost of goods manufactured?
Answers
The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.
How to calculateIt is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.
In the income statement you provided, the cost of goods manufactured is calculated as follows:
COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000
Therefore, the cost of goods manufactured for Leone Company is $3,224,000.
Here is the formula for calculating COGM:
COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory
The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.
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life. Any goodwill associated with this acquisition is considered to have an indefinite life. During 2020, Harley reported net income of $50,000 and paid dividends of $20,000 while in 2021 it reported net income of $75,000 and dividends of $30,000. Assume Archer has the ability to significantly influence the operations of Harley. The balance in the Investment in Harley account at December 31, 2021, is
Answers
Chess Top uses the perpetual inventory system. On May 1st, the beginning inventory consisted of 480 units that cost $65 each. During the month, the company made two purchases: May 3rd, 720 units at $68 each May 20th, 360 units at $70 each. Chess Top also sold 800 units on May 10th , Using the LIFO method, what is the amount of cost of goods sold for themonth
Answers
Answer:
the amount of the cost of goods sold is $55,120
Explanation:
The computation of the cost of goods sold for the month is shown below:
Since 800 units were sold out of which 360 units would sold at $70 and the remaining units i.e. 440 units would be sold at $68
= 360 units × $70 + 440 units × $68
= $25,200 + $29,920
= $55,120
Hence, the amount of the cost of goods sold is $55,120
To determine the unemployment rate, BLS officials
a. Subtract the number of employed from the number of unemployed.
b. Add the number employed to the number of unemployed and divide by 1,000.
c. Divide the number of employed by the number of unemployed and multiply by 1,000.
d. Divide the number of unemployed by the total labor force and multiply by 100.
Answers
To determine the unemployment rate, BLS officials are divided the number of unemployed by the total labor force and multiply by 100.
What is unemployment?
The term unemployment refers to the person are not occupied in job activity. The person is searching for job with the basis of qualification, experience, and knowledge basis. Unemployment is the drawback of the economy system.
According to the unemployment rate, are the BLS officials (Unemployed ÷ Labor Force) x 100. The unemployment rate is calculated by dividing the total of jobless persons by the total workers, then multiplying the result by 100 to get the proportion of unemployed people.
Therefore, option (d) is correct.
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phân biệt môi trường vi mô và vĩ mô
Answers
phân biệt môi trường vi mô và vĩ mô
Swart Electrical is a Small, Medium and Micro Enterprise (SMME) specialising in electrical supplies in South Africa. The founder and CEO, Mr Swart prefers to solicit inputs from managers of different departments before formulating organisational goals. However, once planning has been concluded, he does not allow managers to deviate from the set goals. Which one of the following options is evident in the scenario regarding the costs of planning? Select one: a. Planning could cause delays in decision-making. O b. Planning consumes management time. O c. Planning demotes co-ordination. Qd. Planning may create rigidity.
Answers
The one options that is evident in the scenario regarding the costs of planning is: d. Planning may create rigidity.
Which evident in the scenario regarding the costs of planning?According to Mr. Swart's planning methodology, once objectives have been stated, managers are not permitted to stray from them.
This suggests that rigidity may have been a result of the planning process since it prevents flexibility or adaptability in response to a changing environment. While planning is crucial for providing direction and organizing efforts, if it is applied too strictly, it may also breed inflexibility.
Therefore the correct option is D.
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Dr. Olsen wants to know more about the differences between an EHR and a DMS. He thinks he’ll be able to update the old documents once they have been scanned into the system. Identify a disadvantage of a DMS.
Group of answer choices
A. Space saving
B. Retrieval of a large number of records
C. Lack of ability to manipulate data
D. Multiple users can access data at one time
Answers
Answer:
The disadvantage is c
Explanation:
A DMS being able to save space, retrieve a large number a and accommodate multiple users are all advantages
what is the purpose of IDP
Answers
The basic purpose of IDP is to assist the employees in their career and personal development.
What do you mean by purpose?The purpose means the reason for which something can be done or created.
The basic purpose of IDP is to help employees for reaching short and long-term career goals as well as to improve their current job performance.
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A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated useful life of 20,000 machine hours. The company uses units-of-production depreciation and ran the machine 3,000 hours in year 1, 8,000 hours in year 2, and 6,000 hours in year 3.
Answers
Answer:
The depreciation expense for year 1 is $54,000, for year 2 is $144,000, and for year 3 is $108,000.
Explanation:
To calculate the depreciation expense using the units-of-production method, we need to determine the depreciation rate per machine hour.
Step 1: Calculate the depreciable cost.
Depreciable cost = Cost of the machine - Residual value
Depreciable cost = $400,000 - $40,000
Depreciable cost = $360,000
Step 2: Calculate the depreciation rate per machine hour.
Depreciation rate per machine hour = Depreciable cost / Estimated machine hours of useful life
Depreciation rate per machine hour = $360,000 / 20,000 machine hours
Depreciation rate per machine hour = $18
Step 3: Calculate the depreciation expense for each year.
Year 1: 3,000 machine hours
Depreciation expense = Depreciation rate per machine hour * Hours in year 1
Depreciation expense = $18 * 3,000
Depreciation expense = $54,000
Year 2: 8,000 machine hours
Depreciation expense = Depreciation rate per machine hour * Hours in year 2
Depreciation expense = $18 * 8,000
Depreciation expense = $144,000
Year 3: 6,000 machine hours
Depreciation expense = Depreciation rate per machine hour * Hours in year 3
Depreciation expense = $18 * 6,000
Depreciation expense = $108,000
Therefore, the depreciation expense for year 1 is $54,000, for year 2 is $144,000, and for year 3 is $108,000.
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Keyser Mining is considering a project that will require the purchase of $980,000 in new equipment. The equipment will be depreciated straight-line to a zero book value over the 7-year life of the project. The equipment can be scraped at the end of the project for 5 percent of its original cost. Annual sales from this project are estimated at $420,000. Net working capital equal to 20 percent of sales will be required to support the project. All of the net working capital will be recouped. The required return is 16 percent and the tax rate is 35 percent. What is the amount of the after-tax salvage value of the equipment?
A. $17,150
B. $31,850
C. $118,800
D. $237,600
E. $343,000
Answers
The amount of the after-tax salvage value of the equipment is $31,850. Option B
How to find the amount of the after-tax salvage value of the equipment?To determine the after-tax salvage value of the equipment, we need to calculate the salvage value at the end of the project and then apply the tax rate.
Therefore, the salvage value is:
Salvage Value = 5% of $980,000
= 0.05 * $980,000
= $49,000
The tax rate is given as 35 percent, so we can calculate the after-tax salvage value as:
After-Tax Salvage Value = Salvage Value - Tax on Gain
= $49,000 - (Tax Rate * Gain)
= $49,000 - (0.35 * $49,000)
= $49,000 - $17,150
= $31,850
Therefore, the amount of the after-tax salvage value of the equipment is $31,850.
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2. What's a good way to reduce food costs?
A buying items on sale
B making a shopping list and sticking to it
C making sure you go to the store on a full stomach
D all of the above
Answers
D) All of the above
If the lowest-paid employee earned $15,000 a year, what would the maximum salary be for the highest-paid manager under the 7-to-1 rule?
Answers
Under the 7-to-1 rule, the maximum salary that would be paid to the highest-paid manager is $105,000.
Data and Calculations:
Lowest-paid employee's annual earnings =$15,000
Maximum-Minimum Salary Rule = 7-to-1
The maximum salary paid to the highest-paid manager = $105,000 ($15,000 x 7).
Thus, the maximum salary paid to the highest-paid manager under the company's 7-to-1 rule is $105,000.
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What situation best illustrates the role of businesses in the circular flow of goods?
A. A taxi driver take a group of students to the airport.
B. A website sells the products made by many different companies.
C. A company makes a new line of kitchen appliances.
D. A factory produces steel used in cars and trucks.
Answers
A company makes a new line of kitchen appliances is the situation best illustrates the role of businesses in the circular flow of goods. Thus, option (c) is correct.
What is businesses?The term “business” refers to earning a benefit. The business is taking the risk and gaining the benefit. The business is in the main concentrated on the activities of the creative activity, organization, and merchandising of concepts.
A process of the businesses in the circular flow of goods. It was the market situation basis to create the new line of products on such as kitchen appliances. It was the different from their usual production line.
As a result, the significance of the company makes a new line of kitchen appliances are the role of the businesses are the aforementioned. Therefore, option (c) is correct.
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Using the percentage method for manual payroll systems with Forms W-4 from 2020 or later in Appendix C, determine the federal income tax withholding and calculate the net pay of the following employees. They are paid semimonthly.
C. Pare | Married, Filing Jointly, dependents < 12 = 2 | Pay $1,720
S. Lightfoot | Single, 1 Other dependents | Pay $3,265
Answers
The federal income tax withholding for C. Pare is $700.80, and the net pay is $159.20. Since the calculated federal income tax withholding exceeds the gross pay, the net pay for S. Lightfoot is negative. This is not possible, so there may be an error in the input data.
For C. Pare
Determine the gross pay for one pay period
$1,720 / 2 = $860
Calculate the annual salary
$860 x 24 = $20,640
Calculate the taxable income
$20,640 - (12,800 + 2,000) = $5,840
Find the appropriate tax bracket and calculate the federal income tax withholding
Taxable income falls in the 12% tax bracket for married filing jointly.
$5,840 x 0.12 = $700.80
Calculate the net pay
Gross pay - Federal income tax = Net pay
$860 - $700.80 = $159.20
Therefore, the federal income tax withholding for C. Pare is $700.80, and the net pay is $159.20.
For S. Lightfoot
Determine the gross pay for one pay period
$3,265 / 2 = $1,632.50
Calculate the annual salary
$1,632.50 x 24 = $39,180
Calculate the taxable income
$39,180 - (12,800 + 2,000 + 2,000) = $22,380
Find the appropriate tax bracket and calculate the federal income tax withholding
Taxable income falls in the 22% tax bracket for single filers.
($22,380 - $9,875) x 0.22 + $987.50 = $3,018.70
Calculate the net pay
Gross pay - Federal income tax = Net pay
$1,632.50 - $3,018.70 = -$1,386.20
Since the calculated federal income tax withholding exceeds the gross pay, the net pay for S. Lightfoot is negative. This is not possible, so there may be an error in the input data.
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1. Think about a business idea (sector)
2. Create a budget and a cash flow statement for that business
3. Highlight the investment appraisal technics to determine if such a business is viable or not.
4. Indicate the source of funding and if it's a loan create an amortisation schedule.
5. Try to convince someone to invest in your project with convincing evidences.
Answers
Answer:
i didn't understand
Explanation:
An example of “Dispersing Funds Directly”, as it relates to money being lent to a borrower by a lending institution would be:
a. Sending a Bank Draft to the car dealership to pay for a car that the customer is using the borrowed funds to purchase.
b Consolidating all of the customer’s debt into one loan.
c Informing the Credit Bureau that the customer will be using the new loan to repay other debt.
d. Depositing the proceeds of the loan directly into the customer’s bank account.
Answers
When money is lent to a borrower by a lending institution, "Dispersing Funds Directly" refers to depositing the loan proceeds directly into the customer's bank account.
What is Dispersing Funds Directly?
A lender, such a bank or lending organization, can disperse funds immediately by transferring them from a loan to the borrower's account.
This process enables the borrower to have instant access to the money, which may be utilized for a number of things including putting a down payment on a home, consolidating debt, or purchasing a car.
The lender guarantees that the borrower will get the whole amount of the loan and may utilize it for the specified purpose by distributing the cash directly to the borrower.
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State the minimum monthly income, an hourly wage per hour, needed to cover monthly expenses for the family used in part a and explain how to calculate the hourly wage based on the monthly income and state the hourly wage. assume that each full-time worker works four 40 hour work weeks per month and each part time worker works two 40 hour weeks per month.
Answers
Divide wages by using hours and that is your hourly rate. If you work longer hours at positive times of the month, then track your time for a month, and divide your annual pay by way of 12.
How do you calculate hourly charge from monthly income?Get the hours per months = Hours in Year ÷ 12 (months) Get Hourly Pay = Monthly Salary ÷ Hours Per Month.
Daily fee of pay for a monthly-rated employee is calculated the usage of the formulation below: Regular Days Rate of pay = Employee's Monthly Rate of pay / 26 days.
The ADW calculated is the price of pay mirrored in the system. This is the formula used: Total Wage (for the applicable period) / Number of Days (same relevant period)
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https://brainly.com/question/27280083#SPJ1and example of world systems theory would be that a rich country like the us sends some of its dirtiest manufacturing over to countries like china, so the us can then buy back (for cheap) many of those products without having to live with the pollution they created.
Answers
Rivals have criticized world-systems theory for being overly centered on the economics, underemphasized on culture, and overly core- and state-centric.
These factors don't make sense when viewed through Wallerstein's nation-centered lens because they operate on a global scale as opposed to a state system.
According to systems theory, a world-system is a socioeconomic system that includes all or part of the world and details the overall structural outcome of all interactions between polities. Although they are not always global, world-systems are typically larger than single states.
1. The Knowledge Economy, first A "knowledge economy" is one where employment requires a high degree of technical and scientific expertise and is characterized by a high level of innovation in both fields.
2. Carbon emissions and climate change politics An uneven transaction underpins the politics of climate change.
3. The Packaged Food Sector and Hidden Hunger
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When you set up an informational interview, you need to think about your objectives. For one thing, you want to gain ____________
from the person that you’re interviewing to help you learn about the career field. The questions that you choose to ask will help you learn the information that interests you most. You can also ____________
which will help you have a better chance of receiving a job offer in the future. You can follow up with this individual and learn about positions that become available.
Answers
Answer:
Firsthand information, Expand your professional network
Explanation:
Plato
calculate the monthly payment for the following: an automobile costs $30,000. an installment plan allows for monthly payments over a seven year period with an annual interest rate of four percent.
Answers
With an annual interest rate of 4% and a seven-year term, the monthly payment for the car will be $466.81.
What is the loan amount?The formula for calculating a loan's monthly payment can be used to determine the monthly bill for the car as follows:
M = P [i(1 + i)^n] / [ (1 + i)^n – 1]
where: M is the recurring payment
P denotes the principal (loan amount or cost of the car), and I is the interest rate per month (annual interest rate divided by 12)
There have been n payments (in months)
In this instance, M equals $30,000. [0.04/12 (1 + 0.04/12)(12 x 7)] / [ (1 + 0.04/12)^(12 x 7) – 1]
M = $466.81
As a result, over a seven-year period, the monthly payment for the car will be $466.81 at a 4 percent annual interest rate.
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I need help please .
Answers
Answer:
Yes I think it does. News channels can be saying different opinions.
No I do not. People would like to hear the whole story.
Explanation:
The variety of demand curves
Answers
The statements related to the Demand curves are classified as follows:
Between points V and Y, curve RR is inelastic. FALSECurve RR is Less elastic between points V and Y than curve QQ is between points V and X. FALSE. The slope of the cuve is the same all throught.Between points V and Z, curve SS is perfectly elastic. FALSE. Rather, it is perfectly inelastic.What does it mean when a demand curve is perfectly inelastic?
A fully inelastic good is one in which demand does not fluctuate independently of price; however, no such commodity or service exists.
Inelastic contrasts with elastic, which experiences considerable variations in demand when the price changes.
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