Gloria's Glorious Morning Muffins issued a $10,000 bond exactly a year ago. The bond is a three-year bond that pays interest every six months. The issue price of the bond was $10,983.46. Today's cash interest payment (the second one Gloria has made) was $800, and interest expense recorded was $650.55.
a. Show the journal entry Gloria will make to record the mentioned interest payment. Some of the information has been filled in to help you. Round your answers to the nearest two decimal places.
Dr. Interest Expense for $_____
Dr. _______ for $ ______
Cr. ______ for $ _____
b. What is the market rate of interest per period on Gloria's bond? Write your final answer as a percentage (Ex: If you find the market rate of interest is 10%, put 10, not 0.10).
Answers
Answer:
Dr. Interest Expense for $650.55
Dr. Bond Payable for $ 149.45
Cr. Cash for $ 800
Related Questions
explain migration of population in economics.
pls its urgent
Answers
Answer:
Migration refers to the movement of a group of people from one geographical region (location) to another geographical destination in search of better living conditions, work or social amenities.
Explanation:
Migration refers to the movement of a group of people from one geographical region (location) to another geographical destination in search of better living conditions, work or social amenities.
Migration selectivity can be defined as the likelihood or tendency that a subset (part) of a group of people are going to move (migrate) out of a particular geographical location or area.
Some of the factors that influence migration selectivity are income level, age, education, gender etc.
One way migration affects various locations across the world such as Texas, Brazil, Paris, Rome, Stuttgart, Kyiv, etc., includes the establishment of different restaurants. For example, the establishment of KFC, McDonalds, Mr Biggs were influenced by the migration of people across European cities and as such served as tourist attraction centers, thus, positively affecting the character of these places.
How is the cash paid to purchase land reported in the statement of cash flows?
A. Cash inflow from operating activities
B. Schedule of noncash investing and financing activities
C. Cash outflow from financing activities
D. Cash outflow from investing activities
Answers
The correct answer is option D: cash outflow from investing activities. The purchase of land is considered a capital expenditure and falls under investing activities on the statement of cash flows.
This is because it involves the acquisition of a long-term asset that will benefit the company over a period of time. The cash paid to purchase land is reported in the statement of cash flows as cash outflow from investing activities.
This is because the purchase of land is considered an investment activity, as it is a long-term asset acquired to generate future income or gains. The cash outflow represents the amount of cash used to purchase the land.
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Which term describes the value of what you give up when you choose
between two options?
A. Equity
B. Value cost
C. Down payment
D. Opportunity cost
Answers
Answer:
D.
Explanation:
Your answer is D cause “Opportunity cost is the value of the next-best alternative when a decision is made" so it is what was given up therefor The term that describes the value of what you give up when you choose between two options is D. Opportunity cost. Hope it helps you!
-Hope you have a great day ahead
When banks have less money in required reserves they lend more money out to people and business. So Lower reserves usually help do what to the economy?
Answers
Answer:
Lower reserves increase the money supply in the economy.
Banks can either keep deposits in reserves or give them out as loans.
the lower the reserve ratio, the higher the money multiplier and the higher the money supply.
Lowering the reserves can be a form of expansionary monetary policy
Explanation:
Fractional banking is a banking system where a portion of customer's deposits is kept as reserves while remaining portion is lent out. The amount kept as reserves is determined by the required reserve ratio set by the Central bank.
If the required reserve ratio is 10% and $100 is deposited, reserves would be $10 and $90 would be lent out
Increase in the total value of checkable deposit is determined by the money multiplier
Money multiplier = 1 / reserve requirement
Increase in value of total deposit = amount deposited / reserve requirement
Assume 100 is deposited in a bank and the reserve requirement is 10%
Increase in value of total deposit = 100 / 0.1 = 1000
Imagine that the reserve is reduced to 5%
Increase in value of total deposit = 100 / 0.05 = 2000
reducing the reserve requirement increased the value of total deposit and thus the money supply in the economy
2. If a school's total cost of attendance is $23,000 and your EFC is $5,000, how much need-based aid could you qualify for?
Answers
Answer:
$28,000 or $18,000
Explanation:
BOB OS THE BEST PERSON IN THE WORLD
If your COA is $10,000 and your EFC is $5,000, for example, you cannot get more need-based assistance than $5,000.
Your Expected Family Contribution (EFC), an index number, will determine your eligibility for federal student financial aid.
Describe EFC?Your Expected Family Contribution (EFC), an index number, will determine your eligibility for federal student financial aid.This amount was calculated using the information you provided on your Free Application for Federal Student Aid (FAFSA) form.According to the government, your EFC should be higher the more you can afford to pay for college.If one's EFC score is high, they will be eligible for less need-based federal financial aid for college.Your EFC is determined using a method that takes into consideration the family's benefits, assets, and both taxable and untaxable income.Learn more about EFC refer to:
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Which of the following is true of resources and wants?
Both are unlimited.
Both are limited.
Resources are limited and wants are unlimited.
Resources are unlimited and wants are limited.
Answers
Answer:
the third one.............
Of all the given statements, the statement that is true in the context of resources and wants is “Resources are limited and wants are unlimited.” Hence, Option C is correct.
What are the resources?
A resource is a physical good that people appreciate and need, including air, water, and land. A resource can be classified as renewable or nonrenewable based on whether it can replace itself at the rate it is used up or whether it has a finite supply.
Natural resources, human resources, environmental resources, and many more are examples of various types of resources. In essence, wants are things that members of society aspire to possess. However, the term "resources" refers to the earth's natural resources that can be used by humans.
Thus, if there are lack of the necessary resources, one cannot satisfy wants. Option C is correct.
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Xiang is an account manager for etsy, an e-commerce website that connects sellers specializing in handmade items, craft supplies, and vintage items with buyers all over the world. xiang works with sellers who generate more than $100k in yearly revenues: she connects these sellers with resources and support to incentivize them to stay on the site rather than moving to their own websites. what kind of utility does etsy provide?
Answers
Incorrect Place utility is the kind of utility Etsy provides when she connects sellers with resources in order to support and incentivize them to stay on the site rather than move to their own websites.
In marketing, "placing utility" refers to making products or services available to customers. Since it connects a product or service to a specific area, a place utility may also be used to draw customers to it. Here, Etsy offers support and resources to these sellers in an effort to persuade them to stay on the platform rather than go for their own websites. Therefore, it seems that Etsy has used the wrong utility in some instances.
A company must consider the utility of placement since it may draw in more customers. It may help to increase website traffic, customer retention, and sales. Customers also gain from it since they have easier access to goods and services and are better able to find businesses. Customers can get there easily.
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select the correct answer from the drop-down menu. andre bought 100, $10 stocks at a market price of $50. the company declared a dividend of 10%. what was the dividend amount andre earned? andre earned $ in dividends.
Answers
The dividend was $100, which andre received.
What Is a Dividend on Stock?
In contrast to cash dividends, stock dividends are payments made to shareholders in the form of new shares.
Each existing share gets paid a fraction of the distributions. For instance, if a business declares a 5% stock dividend, it will issue 0.05 shares for each share that a shareholder owns. Five more shares would be given to the holder of 100 shares.
A corporation may distribute a stock dividend when it wishes to reward its investors but either lacks the extra funds or would prefer to keep them for other purposes. The benefit of the stock dividend is that it rewards shareholders without dipping into the company's cash reserves.
Calculate:
Let us list down first the given.
100 $10 stocks at a market price of $50
declared divedend is 10%
Let us multiply 100 with $50-- that makes up $5000 for the 100 $10 of stocks.
the declared divedend is 10%, so we will get the 10% of $5000.
>change 10% into decimal number by dividing 10 by 100. The quotient would be 0.10.
$5000 x 0.10 is $500.
Therefore, Andre earned $500 in dividends.
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In a securities market, the bid price is typically higher than the ask price. true or false
Answers
True In a securities market, the bid price is typically higher than the ask price
What is securities market?The security market is a subset of the larger financial market in which securities can be bought and sold between economic subjects based on demand and supply.
The securities market refers to the market in which securities are issued, purchased by investors, and then transferred among investors. The securities market is divided into two interconnected and inseparable segments: the primary market and the secondary market.
Marketable securities include stocks, bonds, preference shares, and exchange-traded funds (ETFs). Marketable securities can also include money market instruments, futures, options, and hedge fund assets.
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A(n. ________ provides most or all of the services needed to mount an advertising campaign.
Answers
A full-service agency offers most or all of the services required to launch a campaign, including as research, ad copy and art creation, media planning, and final message production.
How is a full-service advertising firm structured?Regardless of size, all advertising businesses typically consist of three main divisions or parts: account services, creative teams, and media professionals. Even though they may go by different names in different organizations, these items typically have the same functions.
What benefits do full service agencies offer?In order to support a company's short- and long-term goals, a full-service digital firm can scale its efforts up or down. As a firm grows, its goals may change. A full-service digital marketing agency may quickly adapt to move in the same direction as a company.
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The number of minorities in the workforce is?
Answers
Answer:
increasing
Explanation:
i got it from quizlet so if its not right im sorry i tried my best !!
For decades, country j was known as the world's factory and earned a reputation for producing some of the highest quality electronics in the world. in the last decade, however, it saw a sharp decline in its manufacturing sector, both in terms of employment and output, while simultaneously experiencing a proportional growth in the size of its service sector. what term would best describe this scenario?
Answers
The term that would best describe this scenario is that the company has been losing its market niche.
What is a niche market?Niche market is a segmentation strategy – a specialized market, that is, a specific area in which your company can act and gain a high level of knowledge, becoming an expert in the field (reference for customers).
With this information, we can conclude that Market niches are segments or audiences whose particular needs are little explored or non-existent. It is a part of a consumer market, where buyers can be clearly identified by their specific needs, and which is generally under-exploited commercially.
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meli corporation manufactures two products: product l61p and product b60e. the company uses a plantwide overhead rate based on direct labor-hours. it is considering implementing an activity-based costing (abc) system that allocates its manufacturing overhead to four cost pools. the following additional information is available for the company as a whole and for products l61p and b60e. activity cost pool activity measure total cost total activity machining machine-hours $ 280,000 14,000 mhs machine setups number of setups $ 225,000 450 setups product design number of products $ 84,000 2 products order size direct labor-hours $ 310,000 10,000 dlhs activity measure product l61p product b60e machine-hours 6,000 8,000 number of setups 290 160 number of products 1 1 direct labor-hours 7,000 3,000 using the plantwide overhead rate, the percentage of the total overhead cost that is allocated to product b60e is closest to:
Answers
Thus, the percentage of the total overhead cost allocated to product B60E using the plantwide overhead rate is closest to 30%.
Using the plantwide overhead rate, the percentage of the total overhead cost allocated to product B60E can be calculated as follows:
First, determine the total overhead cost:
Total overhead cost = $280,000 (machining) + $225,000 (machine setups) + $84,000 (product design) + $310,000 (order size) = $899,000
Next, calculate the plantwide overhead rate based on direct labor-hours:
Total direct labor-hours = 7,000 (product L61P) + 3,000 (product B60E) = 10,000 DLHs
Plantwide overhead rate = Total overhead cost / Total direct labor-hours = $899,000 / 10,000 DLHs = $89.90 per DLH
Now, find the overhead cost allocated to product B60E using the plantwide overhead rate:
Overhead cost for B60E = Direct labor-hours for B60E * Plantwide overhead rate = 3,000 DLHs * $89.90 per DLH = $269,700
Finally, calculate the percentage of the total overhead cost allocated to product B60E:
Percentage allocated to B60E = (Overhead cost for B60E / Total overhead cost) * 100 = ($269,700 / $899,000) * 100 ≈ 30%
The percentage of the total overhead cost allocated to product B60E using the plantwide overhead rate is closest to 30%.
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Several types of documentation must be prepared for a new system. The type of documentation that includes the files and databases accessed and file retention requirements is called
A) development documentation.
B) operations documentation.
C) reference documentation.
D) user documentation.
Answers
The correct option is B) operations documentation. The type of documentation that includes the files and databases accessed and file retention requirements is called operations documentation.
Operations documentation refers to the collection of documents that describe the procedures, guidelines, and information necessary for the successful operation and maintenance of a system. This type of documentation includes details about the files and databases accessed, file retention requirements, system configuration, monitoring and troubleshooting processes, and backup and recovery procedures.
It ensures that the system operates smoothly and consistently, and it helps system administrators and other technical personnel understand and manage the system effectively. In contrast, development documentation focuses on the design and creation of the system, user documentation provides instructions for end-users, and reference documentation serves as a comprehensive resource for technical information about the system.
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69. before executing an exchange of an annuity contract resulting from a recommendation to a senior consumer, an insurance agent should make reasonable efforts to obtain information from the applicant concerning the suitability of the recommendation on an approved form, which upon completion, must be signed by the applicant and agent. within what period of time must an agent submit this form to the insurer once it is complete? within 15 days within 20 days within 10 days within 30 days
Answers
Before executing an exchange of an annuity contract resulting from a recommendation to a senior consumer, an insurance agent should make reasonable efforts to obtain information from the applicant concerning the suitability of the recommendation on an approved form which upon completion, must be signed by both the applicant and the agent. within 10 days.
As for the period of time within which an agent must submit this form to the insurer once it is complete, the correct answer is within 10 days. To clarify, the insurance agent has a 10-day window to submit the completed and signed suitability form to the insurer. This requirement ensures that the insurer has the necessary information to evaluate the suitability of the annuity contract for the senior consumer and helps protect the consumer's best interests.
In summary, the insurance agent should obtain and complete the suitability form with the senior consumer, have it signed by both parties, and submit it to the insurer within 10 days. This process promotes transparency and ensures that the annuity contract is appropriate for the senior consumer's needs and financial situation.
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first come first serve
Answers
Answer:
hiiii
thanks for the free points
Answer:
hi hello
Explanation:
:) :) :):) :) :) :)
Question 1 of 10
Why do managers care about soft skills when hiring for a technical job?
A. They want to know that the applicant will enjoy corporate events
and activities.
B. They want to be sure the applicant will be able to complete the
assigned tasks.
C. They want to be sure the applicant has no outside interests that
will interfere with work.
D. They want to be sure the applicant can collaborate and work well
with other team members.
Answers
D. They want to be sure the applicant can collaborate and work well
with other team members.
Explanation:
Managers do care about soft skills when hiring for a technical job as they want to be sure the applicant can collaborate and work well with other team members. The correct option is d.
What is a technical job?Technical jobs are those that require specific talents and expertise an individual possesses that help them perform a certain task or job. These skills differ from soft skills, which instead describe character and personality traits.
Technical skills are abilities an individual acquires through practice and learning, although a person may bring an inherent propensity for a certain skill. An individual who possesses a particular proficiency for coding, for instance, would have a sought-after technical skill as a job candidate at a software or technology company. Technical job skills are ideal to list on the skill section of a resume because they shine a light on abilities and strengths.
However, it is important to realize not all technical skills at an individual’s disposal should be listed.
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1. What are some things that the study of economics is not?
Answers
I attached a pic of my question, pls help.
Answers
Farmer raising sheep.
suppose the assets of the silver lode bank are $200,000 higher than on the previous day and its net worth is up $20,000. by how much and in what direction must its liabilities have changed from the day before?
Answers
There has been an increase in liabilities of $80,000. Liabilities will rise if assets and net worth have increased since the equation must be balanced.
How can I determine how many new loans a bank can create at once?Therefore, you multiply the deposit size by 1 minus the reserve ratio to find the maximum number of loans that can be granted.
How can you figure out how much extra cash a bank has on hand?Total Reserves - Required Reserves equals Excess Reserves.
Consider a bank that has $20 million in deposits. It must hold at least $2 million in cash if its reserve ratio is 10%. However, if the bank has $3 million in reserves, $1 million of that amount is in the form of cash.
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Why Strategic Planning is an Important Life Skill?
Answers
Answer:
Explanation:
Because if you're able to plan things, its a useful skill for jobs, family planning etc. Its a useful skill to have.
A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $58; Second purchase $69; Third purchase $70. If the company sold two units for a total of $215 and used FIFO costing, the gross profit for the period would be
Answers
Answer:
like 412 or sum
Explanation:
How can you create an effective climate when discussing matters
of importance with coworkers, clients, vendors, superiors, and
employees.?
What factors should be considered when creating that
climate?
Answers
To create an effective climate when discussing matters of importance with coworkers, clients, vendors, superiors, and employees, it's important to maintain a positive and respectful attitude, listen actively, and be clear and concise in communication.
Some factors to consider when creating such a climate include the purpose of the discussion, the relationship between the parties involved, the timing and location of the discussion, and the tone and language used.
It's also important to consider the cultural and individual differences of those involved and be willing to adjust one's communication style accordingly.
Ultimately, creating an effective climate requires a willingness to be open-minded, empathetic, and collaborative in approach.
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Upload your completed predicted career description
Answers
Answer:
I would work in the makeup industry creating makeup having my own brand of makeup because i've always wanted to work in the makeup world. I love makeup to the point I want to make a carrer out of it. I want to persue a the make world carrer type of path.
Explanation:
Suppose that $4000 is deposited in an account that earns 5% interest. How much is in the account:
a. after 5 years
b. after 10 years
c. after 20 years
d. after 50 years
e. after 100 years
Answers
After 100 years, there is approximately $153,349 in the account .The given problem asks us to calculate the amount in the account after 20 years and 100 years if $4000 is deposited in an account that earns 5% interest. We can solve this problem using the compound interest formula.The answer is e.
The compound interest formula is given as follows:A = P(1 + r/n)^(nt)Here, A represents the amount after t years, P represents the principal or initial amount, r represents the annual interest rate (as a decimal), n represents the number of times the interest is compounded per year, and t represents the time in years.
After substituting the given values, we get:A = 4000(1 + 0.05/1)^(1*20)A = 4000(1.05)^20A = 4000(2.653297...)A ≈ $10,613After 20 years, there is approximately $10,613 in the account. After 100 years, we can use the same formula.A = 4000(1 + 0.05/1)^(1*100)A = 4000(1.05)^100A = 4000(38.337239...)A ≈ $153,349 .
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The richest media
Multiple Choice
a) provide feedback after an extended period of time.
b) prevent the use of different types of cues.
c) limit the use of descriptive language.
d) are more personal than technological.
e) are expensive and tedious to use.
Answers
The correct answer is: d) are more personal than technological.
Rich media refers to media formats that incorporate various elements such as images, videos, animations, and interactive features to create a more engaging and immersive user experience. Unlike other options, which focus on limitations or challenges, option d) highlights that rich media is more personal than technological. This means that rich media content is designed to connect with users on a personal level, creating an emotional or sensory experience that goes beyond just the technological aspects. Rich media aims to engage users emotionally, stimulate their senses, and create a more memorable and impactful experience, which sets it apart from other forms of media.
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legal title ALWAYS passes from the seller to the buyer A) on the date of execution of the deed. B) when the deed is delivered and accepted. C) when the deed is placed in escrow. D) when the closing statement has been signed.
Answers
Legal title ALWAYS passes from the seller to the buyer when the deed is delivered and accepted.(B)
The transfer of legal title occurs when the deed, a legal document showing the ownership of a property, is delivered by the seller to the buyer and accepted by the buyer.
This process is crucial for the proper transfer of ownership rights. The other options, such as the date of execution, placing the deed in escrow, or signing the closing statement, are important steps in the process, but they do not mark the exact moment when legal title is transferred.
It is the delivery and acceptance of the deed that signifies the official change in ownership.(B)
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say the stock closed at $26.00 at expiration and the option was assigned. what would be your capital requirement for the shares, not including commissions and fees?
Answers
The underlying may be purchased by the seller.
How can a seller of options profit from a trade in options?
Or, before the option expires, the owner can simply sell it to a different buyer at its fair market value. When the premium paid is less than the difference between the stock price and the strike price at expiration, the call owner makes money.
How do stock market options work?
When you buy an options contract, you get the right to buy or sell an underlying asset at a certain price before a certain date, but you don't have to. The holder of a call option is granted the right to purchase stock, while the holder of a put option is granted the right to sell stock.
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the most widely used method of studying customer opinions and attitudes is
Answers
Surveys and questionnaires are the most widely used method of studying customer opinions and attitudes.
What is the primary method for studying customer opinions and attitudes?Surveys and questionnaires are the most commonly employed method for studying customer opinions and attitudes. By gathering feedback directly from customers, organizations can gain valuable insights into their preferences, satisfaction levels, and areas for improvement.
Surveys allow for structured data collection, enabling researchers to analyze and quantify customer opinions and attitudes on various aspects such as product quality, customer service, and brand perception.
The use of standardized questionnaires ensures consistency and comparability across different respondents and allows for statistical analysis of the collected data.
Surveys and questionnaires as a method of studying customer opinions and attitudes. Surveys provide a means to systematically gather information from a large number of customers, allowing researchers to identify trends and patterns in their responses.
By employing well-designed questionnaires, organizations can obtain specific feedback on targeted areas of interest and make data-driven decisions to enhance their products, services, and overall customer experience.
Surveys can be conducted through various channels, including online platforms, phone interviews, or paper-based forms. The flexibility and scalability of this method make it a popular choice for businesses of all sizes and across industries.
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write the first expression in terms of the second if the terminal point determined by t is in the given quadrant. sin(t), cos(t); quadrant ii
Answers
The first expression in terms of the second, if the terminal point determined by t is in the given quadrant, will be (-4/5, 3/5).
Go to "UNIT CIRCLE" to get the answer to the first question. In the second quadrant, all sin values are "+" and all cos values are "-." (90 < θ < 180)
Where x is defined as (-1 < x < 0)and y is defined as (0 < y < 1), sin t = y and cos t = x --> (-x, y). Sin = (y/r), Cos = (-x/r), Tan = (y/-x), CSC = (r/y), SEC = (r/-x), cot = (-x/y), etc.
You can rewrite sin t as y = (3/5) since sin t = y. If you keep in mind that sin2 + cos2 = 1, you can use this formula to find the x-point by substituting the sin value. (3/5) 2 + (x)2 = 1. You will be given the options x = +(4/5) and -(4/5); you must select the proper number for the second quadrant, where x equals (-), indicating that x = -(4/5). The point will be (-4/5, 3/5) in the conclusion.
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