Answers
A cover letter is a special kind of letter that is enclosed with other letters and describes the contents of the other documents. Consider a cover letter that is included with a resume.
How does a Cover Letter Look Like?Below is a sample of a cover letter:
4th January, 2024.
The Human Resource Manager,
Bliss Experience,
Atlanta 3033,
Dear Human Resource Manager,
Application for Associate Role
I am excited to see the opening for the role of an associate marketer. I am a dynamic marketer with years of experience in digital marking and affiliate marketing.
If I am chosen for this role, I will bring in my professionalism and ability to work with teams in providing clear cut solutions for client of Bliss Experience.
Kindly find attached to this letter, my Cover Letter for your perusal.
Yours Faithfully,
Samuel Wonderful.
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Related Questions
Question # 10
Multiple Choice
A marketing research firm charges a client a low fee chiefly because they have been told they will be
getting additional business from the client within six months. That never happens. This is an example of
O client confidentiality
O misleading promises
seeking unnecessary bids
low-ball pricing
Answers
A marketing research firm charges a client a low fee chiefly because they have been told they will be getting additional business from the client within six months. That never happens. This is an example of misleading promises. Thus the correct option is B.
What are misleading promises?When an employer makes a claim about something it is doing or preventing, but is unable to do so or does not wish to, it is considered to have made a false promise.
The fact that a marketing research company charges a client a cheap rate in order because they have been assured that they would have new business from the client within six months signifies this trait in the specific scenario as well.
Therefore, option B is appropriate.
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What is principle of management?
Answers
Answer:
principal of management is Techniques are procedures or methods, which involve a series of steps to be taken to accomplish the desired goals. Principles of management are broad and general guidelines for decision-making behaviour.
The City of Cambridge is concerned about the number of wild MIT students who will be partying on Halloween and wants to limit the number of parties in order to curb the costs of policing underage drinking and noise violations. The city has asked you to evaluate the welfare implications of policies they are considering. Think of price here as the amount of money party hosts will collect at the door from party-goers. The demand for parties is given by . The supply of parties is given by .
Find the equilibrium price and quantity in the market for Halloween parties.
Answers
Based on the demand and supply functions for the market for Halloween parties attended by MIT students, the equilibrium price is $100 and the quantity is 100.
What are the equilibrium price and quantity for Halloween parties?The equilibrium price and quantity can be found by equating supply and demand.
This gives:
Price = Quantity
Price = 300 - 2p
300 = 3 x Price
Price = 300 / 3
= $100
The quantity would also be 100 parties.
The rest of the question is:
Think of price here as the amount of money party hosts will collect at the door from party-goers. The demand for parties is given by Q =300−2p. The supply of parties is given by Q = p.
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Abigail (Abby) Boxer, age 38, is a single mother (birthdate April 28, 1982) working as a civilian accountant for the U.S. Army. Her Social Security number is 676-73-3311 and she lives at 3456 S Career Avenue, Sioux Falls, SD 57107. Helen, Abby's 18-year-old daughter (Social Security number 676-73-3312 and birthdate April 16, 2002), is a dependent child living with her mother, and she does not qualify for the child tax credit due to her age but does qualify for the other dependent credit of $500. Abby received a Form W-2 from the U.S. Department of Defense.
Answers
Answer:
Step 1 of 4
Aby is a single mother with a dependent child. She files Form 1040A. The form is attached herewith.Some of the highlights are given below:
• Gross Income is calculated as follows.
• Adjusted gross income is same as gross income as there are no deductions for AGI. So, adjusted gross income is $42,730 (line 21).
• Standard deduction under Head of Households is $8,700 (line 24).
• She claims one personal and one dependent exemption. So, her total exemptions are (line 26).
prepare an income statement for rex manufacturing for the year ended december 31 using the following information. hint: not all information given is needed for the solution. finished goods inventory, ending $ 16,900 general and administrative expenses 14,900 accounts receivable 18,900 finished goods inventory, beginning 19,900 cost of goods manufactured 40,900 selling expenses 12,900 cash 55,900 land 28,900 sales 93,800 equipment 1,900
Answers
The preparation of the income statement for the year ended December 31 is as follows:
What is an income statement?The income statement is one of the three essential financial statements that summarize a company's financial performance over the course of a specific accounting period. The other two crucial statements are the balance sheet and the cash flow statement.
The key subjects of the income statement are the revenue, costs, profits, and losses incurred by a firm over a given time period. An income statement, also known as a profit and loss (P&L) statement or a summary of sales and expenses, provides crucial details about a company's operations, the efficiency of its management, underperforming industries, and its performance in relation to peers in the same sector.
Sales $93,800
Expense for items sold
$20,000 worth of initial finished products inventory
Addition: $41,000 in manufacturing costs
Price of products that are for sale $61,000
Ending finished goods inventory decreased by $16,900.
The $40,900 cost of the sold products
$50,000 in gross margin
fewer: Operating Costs
$14,900 in general and advertising expenses
$13,000 in selling expenses
Operating costs $28,000 in total
$22,000 in operating income
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Direct labor or machine hours may not be the appropriate cost driver for overhead in all areas of manufacturing due to the complexities of many manufacturing processes. Many companies use activity-based costing (ABC) which uses multiple drivers (items that consume resources) rather than just one driver to apply overhead to their activities. With ABC, a company can use a cost driver that has a direct cause/effect relationship in its applied overhead costs. Waterways looked into ABC as a method of costing because of the variety of items it produces and the many different activities in which it is involved. The activities listed below are a sample of possible cost pools for Waterways. Assembling Payroll Billing Plant supervision Digging trenches Product design Janitorial Purchasing materials Machine maintenance Selling Machine setups Testing Molding Welding Packaging For each of the above cost pools, what would be the likely activity cost driver
Answers
Answer:
Waterways Corporation
Cost Pools Possible Activity Cost Drivers
Assembling Direct labor hours
Payroll Number of employees
Billing Number of invoices
Plant supervision Number of factory workers
Digging trenches Depth of trenches
Product design Number of designs
Janitorial Floor space
Purchasing materials Units of materials
Machine maintenance Maintenance hours
Selling Units sold
Machine setups Number of machine setups
Testing Testing hours
Molding Number of units molded
Welding Machine hours
Packaging Number of units packaged
Explanation:
a) Cost Pools for Waterways:
Assembling
Payroll
Billing
Plant supervision
Digging trenches
Product design
Janitorial
Purchasing materials
Machine maintenance
Selling
Machine setups
Testing
Molding
Welding
Packaging
As part of its stock-based compensation package, International Electronics granted 24 million stock appreciation rights (SARs) to top officers on January 1, 2018. At exercise, holders of the SARs are entitled to receive stock equal in value to the excess of the market price at exercise over the share price at the date of grant. The SARs cannot be exercised until the end of 2021 (vesting date) and expire at the end of 2023. The $1 par common shares have a market price of $46 per share on the grant date. The fair value of the SARs, estimated by an appropriate option pricing model, is $3 per SAR at January 1, 2018. The fair value reestimated at December 31, 2018, 2019, 2020, 2021, and 2022, is $4, $3, $4, $2.50, and $3, respectively. All recipients are expected to remain employed through the vesting date.
Required:
1. Prepare the appropriate journal entry to record the award of SARs on January 1, 2018. Will the SARs be reported as debt or equity?
2. Prepare the appropriate journal entries pertaining to the SARs on December 31, 2018–December 31, 2021.
3. The SARs remain unexercised on December 31, 2022. Prepare the appropriate journal entry on that date.
4. The SARs are exercised on June 6, 2023, when the share price is $50. Prepare the appropriate journal entry(s) on that date.
Answers
Answer:
1. January 1, 2018
No Journal entry
The SARs will be reported as EQUITY
2. December 31, 2018
Dr Compensation expense $18,000,000
Cr Paid in capital SAR plan $18,000,000
December 31, 2019
Dr Compensation expense $18,000,000
Cr Paid in capital SAR plan $18,000,000
December 31, 2020
Dr Compensation expense $18,000,000
Cr Paid in capital SAR plan $18,000,000
December 31, 2023
Dr Compensation expense $18,000,000
Cr Paid in capital SAR plan $18,000,000
3. December 31, 2022
No Journal entry
4. June 6, 2023
Dr Paid in capital SAR plan $72,000,000
Cr Common stock $1,920,000
Cr Paid in capital in excess of Par $70,080,000
Explanation:
1. Preparation of the appropriate journal entry to record the award of SARs on January 1, 2018.
January 1, 2018
No Journal entry
Based on the information The SARs will be reported as EQUITY reason been that IE which full meaning is INTERNATIONAL ELECTRONICS
will tend to settle in shares of the INTERNATIONAL ELECTRONICS stock during exercise.
2. Preparation of the appropriate journal entries pertaining to the SARs on December 31, 2018–December 31, 2021.
December 31, 2018
Dr Compensation expense $18,000,000
Cr Paid in capital SAR plan $18,000,000
(3*$24 million/4)
December 31, 2019
Dr Compensation expense $18,000,000
Cr Paid in capital SAR plan $18,000,000
(3*$24 million/4)
December 31, 2020
Dr Compensation expense $18,000,000
Cr Paid in capital SAR plan $18,000,000
(3*$24 million/4)
December 31, 2023
Dr Compensation expense $18,000,000
Cr Paid in capital SAR plan $18,000,000
(3*$24 million/4)
3. Preparation of the appropriate journal entry on that date.
December 31, 2022
No Journal entry
4. Preparation of the appropriate journal entry(s) on June 6, 2023
June 6, 2023
Dr Paid in capital SAR plan $72,000,000
(3*$24 million)
Cr Common stock $1,920,000
[($50-$46)*$24,0000/$50]
Cr Paid in capital in excess of Par $70,080,000
($72,000,000-$1,920,000)
What is the maximum number of Bitcoins that can exist?
Answers
Answer:
21 million
Explanation:
According to Investopedia,
"But however Bitcoin evolves, no new bitcoins will be released after the 21-million coin limit is reached. Reaching this supply limit is likely to have the most significant impact on Bitcoin miners, but it's possible that Bitcoin investors could also experience adverse effects."
In email marketing, what is a relationship email?
Answers
Which of these is
NOT
an example of currency?
A $100 bill
b 1 Euro coin
c. 5 $1 bills
d. Commemorative Coin
Answers
Commemorative Coin is NOT an example of currency.
Thus, the correct option is D.
What is Commemorative Coin?Commemorative coins are coins with a unique design that refers to the occasion on which they were created and are issued to mark a specific event or issue.
Although several nations also produce commemorative coins for everyday use, many coins in this category are primarily intended for collectors.
Since commemorative coins are only ever produced once, their numismatic value might rise over time.
Their cost varies according to demand from collectors and originality. Their value will rise along with silver prices.
Many people who would otherwise have little to no interest in coin collecting get interested in commemorative coins since they typically have some socially accepted and historical importance behind them.
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QUESTION ONE An investor holds two equity shares x and y in equal proportion with the following risk and return characteristics: E (Rx) = 24%; 0x = 28%; E(R₂) = = 19% Oy = 23% The returns of these securities have a positive correlation of 0.6. You are required to calculate the portfolio return and risk. Further, suppose the investor wants to reduce the portfolio risk (0₂) to 15 per cent. How much should the correlation coefficient be to bring the portfolio risk to the desired level?
Answers
The correlation coefficient be to bring the portfolio risk to the desired level is -0.32.
What is a correlation coefficient?The measurement known as the correlation coefficient evaluates both the potency and trend of connection held between two variables.
On the other hand, a 0 indicates zero correlation between the pair. The procedure for calculating the correlation coefficient demands that the two independent factors' covariance gets divided by each subject's deviation.
Based on the attachment, the correlation coefficient be to bring the portfolio risk to the desired level is -0.32.
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1.3 Eloberate on the meaning of crisis.
Answers
Which is NOT an expense account?
Answers
Answer:
Interest is found in the income statement, but can also is the most common non-operating expense
Example
Examples of expense accounts are Costs of Sales, Cost of Goods Sold, Costs of services, Operating expense, Finance Expenses, Non-operating expenses, Prepaid expenses, Accrued expenses and many others.
A company proposes to invest in two divisible projects which are expected to generate the following cash flows. Cash flows Year Project A Project B
1 10,000 10,000
2 60,000 30,000
Additional information
1. The cost of capital applicable to both projects is 12%
2. Project A requires sh. 20,000 and Project B 10,000 initial investment. 3. The funds available are restricted as follows;
Years Cash available
0 1,000,000
1 800,000
4. Funds not utilized one year will not be available in the subsequent years. Required;
i. Formulate a linear programming model to solve the above problem. ii. Solve the problem graphically and comment on the proportion of investing on the two projects.
Answers
The graphical solution of this linear programming problem will involve plotting the feasible region defined by the constraints and identifying the corner points of the region. The corner point that maximizes the objective function will represent the optimal investment proportions between the two projects.
To formulate a linear programming model for the investment decision between Project A and Project B, we can define the following variables:
Let x be the amount invested in Project A (in thousands of shillings).
Let y be the amount invested in Project B (in thousands of shillings).
The objective is to maximize the total cash flows generated from the investments, which can be represented as: Maximize Z = 10x + 60y + 10x + 30y
Subject to the following constraints:
The total investment should not exceed the available funds:
x + y ≤ 1,000 (in thousands of shillings)
Project A requires an initial investment of 20,000 (in thousands of shillings):
x ≥ 20
Project B requires an initial investment of 10,000 (in thousands of shillings):
y ≥ 10
The funds available in each year should be utilized:
x + y ≤ 800 (for year 1)
The graphical solution of this linear programming problem will involve plotting the feasible region defined by the constraints and identifying the corner points of the region. The corner point that maximizes the objective function will represent the optimal investment proportions between the two projects.
Based on the graphical solution, the proportion of investing in the two projects will depend on the intersection of the feasible region and the objective function. The specific proportion will vary depending on the values and slopes of the constraints and objective function.
It is important to note that the actual graphical solution and interpretation of the proportion will require the specific values and plot of the feasible region and objective function.
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Small Business Management (1)
There are at least eight different pricing strategies for established goods and services. Explain The Below FOUR (4) of those strategies and under what conditions a business owner should use them.
1. Odd pricing
2. Price lining
3. Freemium pricing
4. Leader pricing
Answers
The given four pricing strategies are explained below:
1. Odd Pricing
Odd pricing is a method of pricing products when the price is an odd number. Example: Traditionally, certain shoe companies use strange pricing to determine the cost of their shoes and chappals, such as 399.95 $. The decision to set the price at an odd number makes perfect sense. Instead of 400$, 399.95 $ sounds better. It gives the appearance that the price is lower.
2. Price lining
In this instance, the price is set once, and it stays that way for a considerable amount of time.
3. Freemium pricing
Businesses can use freemium pricing as a pricing strategy to provide clients with both free and paid services. The paid alternatives are typically improved, or premium, versions of the service, whereas the free options are only the basic ones.
4. Leader pricing
A technique for pricing things below their profit margin is called leader pricing. Businesses who use this tactic don't earn from the sales of these discounted goods, but it might offer them a lot of advantages. Businesses may attract customers, promote purchases, raise overall sales, and strengthen customer loyalty by providing fantastic discounts to their customers.
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The price of money is known as __________.
interest
inflation
insanity
bond
Answers
Answer:
I am not 100% sure but I think it is interest.
Explanation:
What is meant by the concept entrepreneur?
Answers
Answer: An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, as well as an organization to support that effort.
Explanation: An entrepreneur takes on most of the risk and initiative for their new business, and is often seen as a visionary or innovator.
You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangements. You can have $68,000 per year for the next two years, or you can have $57,000 per year for the next two years, along with a $13,000 signing bonus today. The bonus is paid immediately, and the salary is paid in equal amounts at the end of each month. If the interest rate is 8 percent compounded monthly, what is the PV for both the options? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) PV Option 1 $ Option 2 $
Answers
Answer:
PV of first option ($68,000 per year) = ($68,000 / 12) x 22.10965 (PV annuity factor, 24 periods, 0.667%) = $5,666.67 x 22.10965 = $125,288.02
PV of second option ($57,000 per year + $13,000) = $13,000 + [($57,000 / 12) x 22.10965 (PV annuity factor, 24 periods, 0.667%)] = $13,000 + ($4,750 x 22.10965) = $118,020.84
What is a service economy?
OA. An economy that exhibits elements of both capitalism and socialism.
OB. An economy in which more effort is devoted to the production of services than to the production of goods.
OC. An economy that services other nations with goods.
O D. An economy in which businesses and individuals decide what to produce and buy and the market determines
quantities sold and prices.
Answers
True. In a command economy, the government takes on the role of the market by deciding what, how, and for whom to produce goods and services.
What is economy?Economy is the system of production, consumption and distribution of goods and services of a particular country or region. It is the process by which goods and services are created, exchanged and consumed. It involves the coordination of economic activities, such as the production of goods and services, their trade and consumption, and their redistribution. It also encompasses the study of the behavior of individuals, households, firms, and governments in their production, consumption and exchange of goods and services.
It answers the three basic economic questions of what to produce, how to produce it, and for whom to produce it. It also owns the factors of production, such as land, labor, and capital. The government makes decisions based on centrally-planned goals rather than market signals, and the state owns and controls most of the means of production. This type of economy is also referred to as a centrally-planned economy.
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Why is it important to minimize the number of people who report directly to the fire chief
Answers
Effective Communication: Communication becomes increasingly complex and challenging to manage as the number of individuals reporting directly to the fire chief rises.
What is the significance of fire prevention and safety?By putting a plan in place to avoid fires, you can dramatically minimize the amount of damage they can do and prevent them from starting in the first place.
What is the significance of workplace fire safety?To avoid and guard against the destruction brought on by fire, workplace fire safety is crucial and required. Fire safety lowers the possibility of injuries and building damage that can result from fires.
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The following account balances appear in the 2021 adjusted trial balance of Blue Devils Corporation: Cash, $4,700; Accounts Receivable, $8,700; Supplies, $18,700; Equipment, $117,000; Accumulated Depreciation, $43,500; Accounts Payable, $25,700; Salaries Payable, $15,700; Common Stock, $57,000; and Retained Earnings,. Prepare the December 31, 2021, classified balance sheet including the correct balance for retained earnings. (Amounts to be deducted should be entered with minus sign.)
Answers
Answer:
Blue Devils Corporation balance sheet as at December 31, 2021
Non - Current Assets
Equipment, $117,000
Less Accumulated Depreciation ($43,500)
Total Non - Current Assets $73,500
Current Assets
Cash, $4,700
Accounts Receivable, $8,700
Supplies, $18,700
Total Current Assets $32,100
Total Assets $105,600
Current Liabilities
Accounts Payable, $25,700
Salaries Payable, $15,700
Total Current Liabilities $41,400
Equity
Common Stock, $57,000
Retained Earnings (Balancing Figure) $7,200
Total Equity $64,200
Total Equity and Liabilities $105,600
Explanation:
The Balance of retained earnings is determined by missing figure approach using the Accounting Equation : Assets = Liabilities + Equity.
Federal Income Tax Withholding
Bob Wolfe's weekly gross earnings for the present week were $2,870. Wolfe has four exemptions. Using the wage bracket withholding table in Exhibit 2 with a $81 standard withholding allowance for each exemption, what is Wolfe's federal income tax withholding? Round your answer to two decimal places.
Answers
The amount of Wolfe's federal income tax withholding is $631.95.
What is tax withholding?In Taxataion, an employer withholds an income tax from their employee's paycheck and pays it to the IRS on their behalf.
Given that
Tam earned $2,870 for the week. There are two exemptions with each of them valued at a $81 allowance.
Net earnings = 2,870 - (81 * 2)
= 2,870 - 162
= $2,708
Based on the table, this falls under the $1,533 to $3,202 bracket.
Federal income tax withholding is:
= 302.95 + 28% * (2,708 - 1,533)
= 302.95 + 28% * 1,175
= 302.95 + 329
= $631.95
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You have $25.36 in your account. You make deposits of $36 and $78 and make a withdrawal of $61.24. How much is in the account?
Answers
Answer:
78.12
Explanation:
Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During the current year, ABC has net income of $305,000 after deducting Robert's $91,500 salary. In addition to his compensation, ABC pays Robert dividends of $213,500.
a. What is Robert's qualified business income? $305,000? (correct)
b. What is Robert's qualified business income if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $213500(incorrect), $91500(incorrect).
Answers
1. Robert's qualified business income is $305,000.
This is because Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business.
What is the net income and dividend?During the current year, ABC has net income of $305,000 after deducting Robert's $91,500 salary. In addition to his compensation, ABC pays Robert dividends of $213,500.
If Robert's experience and responsibilities are valued at $213,500, then his qualified business income would also be $213,500.
Robert's income of $91,500 falls under the category of reasonable compensation, and hence, he will not have to pay any self-employment tax.
If Robert's skills and obligations justify a fair salary of $91,500, his eligible business earnings would amount to $123,000. Robert's salary of $91,500 would be viewed as justifiable remuneration and therefore exempt from self-employment tax.
The sum of $213,500 that Robert obtained from ABC as dividends would be liable to the self-employment tax.
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Cron Corporation is planning to issue bonds with a face value of $700,000 and a coupon rate of 13 percent. The bonds mature in five years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Cron uses the effective-interest amortization method. Assume an annual market rate of interest of 12 percent.
1. What was the issue price on January 1 of this year ?2. What amount of interest expense should be recorded on June 30 and December 31 of this year?3. What amount of cash should be paid to investors June 30 and December 31 of this year?4. What is the book value of the bonds on June 30 and December 31 of this year?
Answers
Answer:
issue $700,000 in 5 year bonds that pay 13% semiannual coupons (coupon = $45,500)
market interest rate 12%, so bonds will be sold at a premium
1) What was the issue price on January 1 of this year?
issue price = present value of face value + present value of interest payments
present value of face value = $700,000 / (1 + 6%)¹⁰ = $390,876present value of annuity = $45,500 x {1 - [1 / (1 + 6%)¹⁰]} / 6% = $334,884issue price = $390,876 + $334,884 = $725,760
journal entry to record issuance of the bonds:
Dr Cash 725,760
Cr Bonds payable 700,000
Cr Premium on bonds payable 25,760
2) What amount of interest expense should be recorded on June 30 and December 31 of this year?
amortization of bond premium June 30 = ($725,760 x 6%) - ($700,000 x 6.5%) = $43,546 - $45,500 = -$1,954
Journal entry June 30th, first coupon payment:
Dr Interest expense 43,546
Dr Premium on bonds payable 1,954
Cr Cash 45,500
amortization of bond premium December 31 = ($727,714 x 6%) - ($700,000 x 6.5%) = $43,663 - $45,500 = -$1,837
Journal entry December 31st, second coupon payment:
Dr Interest expense 43,663
Dr Premium on bonds payable 1,837
Cr Cash 45,500
3) What amount of cash should be paid to investors June 30 and December 31 of this year?
$45,500 per coupon payment
4) What is the book value of the bonds on June 30 and December 31 of this year?
Book value on June 30th:
Bonds payable $700,000
Premium on bonds payable $23,806
Book value on December 31st:
Bonds payable $700,000
Premium on bonds payable $21,969
1. Issue price = $390,876 + $334,884 = $725,760
2. Amortization of bond premium June 30 = -$1,954
3. $45,500 per coupon payment
Prepare the journal entry
When the Issue $700,000 in 5 year bonds that pay 13% semiannual coupons (coupon is = $45,500)
Then the market interest rate is 12%, so bonds will be sold at a premium
1) The issue price is = present value of face value + present value of interest payments
After that, present value of face value is = $700,000 / (1 + 6%)¹⁰ = $390,876
Then, present value of annuity = $45,500 x {1 - [1 / (1 + 6%)¹⁰]} / 6% = $334,884
Now, issue price is = $390,876 + $334,884 = $725,760
The journal entry to record issuance of the bonds:
Dr Cash 725,760
Cr Bonds payable 700,000
Cr Premium on bonds payable 25,760
2) The amortization of bond premium June 30 is = ($725,760 x 6%) - ($700,000 x 6.5%) = $43,546 - $45,500 = -$1,954
Then, The Journal entry June 30th, first coupon payment:
Dr Interest expense 43,546
Dr Premium on bonds payable 1,954
Cr Cash 45,500
Now, amortization of bond premium December 31 is = ($727,714 x 6%) - ($700,000 x 6.5%) = $43,663 - $45,500 = -$1,837
Then, prepare the Journal entry December 31st, second coupon payment:
Dr Interest expense 43,663
Dr Premium on bonds payable 1,837
Cr Cash 45,500
3) $45,500 per coupon payment
4) The Book value on June 30th:
Bonds payable $700,000
Premium on bonds payable $23,806
Book value on December 31st:
Bonds payable $700,000
Premium on bonds payable $21,969
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Interim financial statements:
A. Are always prepared before any adjustments have been recorded.
B. Show the liabilities above assets.
C. Cover less than one year, usually spanning one-, three-, or six-month periods.
D. Report revenues when incurred and expenses when earned
Answers
Two key aspects of financial planning are cash planning and profit planning. Cash planning involves the preparation of the cash budget and profit planning involves preparation of pro forma statements. To make cash budget and pro forma statements for a firm, accounting knowledge is needed. Do accounting courses you took before help you better understand how to make cash budget and pro forma income statement and balance sheet? Explain.
Answers
Yes. Accounting courses I took before helps us understand how to make cash budget and pro forma income statement and balance sheet.
Here's how accounting courses can help individuals in creating cash budgets, pro forma income statements, and balance sheets:
Cash Budget: Accounting courses teach students about the importance of cash flow management and how to prepare a cash budget. Pro Forma Income Statement: Accounting courses teach students how to analyze historical financial data and use it to forecast future performance. Balance Sheet: Accounting courses provide a comprehensive understanding of balance sheets and their components. Students learn how to analyze assets, liabilities, and shareholders' equity to assess the financial position of a company.By studying accounting, individuals gain a solid foundation in financial concepts, reporting standards, and analytical techniques. This knowledge equips them with the skills necessary to create cash budgets, pro forma income statements, and balance sheets effectively.
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Grape Vineyards LLC, the members of which include Howie and Ilya, can hold title to property because as a limited liability company the firm is
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Answer:
A legal person
Explanation:
Limited liability company is a legal entity that is seperate from its owners. The owners of the company are only liable to pay the debts the companies owes to the extent of capital invested.
Also the company is allowed to own property that is not directly owned by the members.
As a legal person Grape Vineyards LLC can hold title to property.
There is no upper limit for members of a limited liability company.
The owners can therefore be distinct legally from the company as regards debts owed or property owned
A sports beverage company has created a new ad for their product to air on television. After the ad airs, they intend to show the ad to a certain number of customers and then ask them for their feedback regarding the ad. This company is engaging in the ______
market research technique.
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A sports beverage company has created a new ad for their product to air on television. After the ad airs, they intend to show the ad to a certain number of customers and then ask them for their feedback regarding the ad. This company is engaging in the promotional market research technique.
What is market research technique.?Market research, often known as marketing research, refers to a variety of strategies used to gather data and comprehend a company's target market. Companies make use of this data to create better products, enhance user experience, and create marketing strategies that generate quality leads and increase conversion rates.
Primary and secondary market research are the two main categories of market research. Both can assist firms in better understanding their industry and helping them make defensible business decisions that are heavily informed by data.
Your target audience may be reached and connected to through marketing, which is ultimately how you will expand your company over time. Your brand will be able to stand out from the competition by showcasing your capabilities through a well-thought-out digital marketing approach.
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A firm's marketing mix consists of 4 major components, which are generally referred to as the four
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A firm's marketing mix consists of 4 major components, which are generally referred to as the four: Ps.
What are marketing mix?Marketing mix can be defined as what a company or an organization used to distinguish its selves from other competitors so as to have a competitive advantage over others companies that sells the same or similar goods as theirs.
The four marketing mix which are the 4Ps are:
ProductPricePlacePromotionTherefore the marketing mix are the 4Ps.
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