On November 1, 2018, Reid Corporation acquired bonds with a face value of $700,000 for $673,618.61. The bonds carry a stated rate of interest of 10%, were purchased to yield 11%, pay interest semiannually on April 30 and October 31, were purchased to be held to maturity, and are due October 31, 2022. On November 1, 2019, in contemplation of a major acquisition, the bonds were sold for $700,000. Reid is on a fiscal year accounting period ending October 31 and uses the effective interest method.
Required:
Prepare journal entries to record the purchase of the bonds, the interest receipts on April 30, 2016, and October 31, 2016, and the sale of the bonds.
Prepare journal entries to record the purchase of the bonds, the interest receipts on April 30, 2016, and October 31, 2016, and the sale of the bonds. Additional Instructions
PAGE 1
GENERAL JOURNAL
DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT
1
2
3
4
5
6
7
8
9
10
11
Answer and Explanation:
The journal entries are shown below:
On Nov 1
Investment in held to maturity debt securities Dr $673,618.61
To Cash $673,618.61
(Being cash paid is recorded)
On April 30
Cash $35,000
Investment in held to maturity debt securities Dr $2,049.02
To interest revenue $37,049.02
(Being interest revenue is recorded)
On Oct 31
Cash $35,000
Investment in held to maturity debt securities Dr $2,161.72
To interest revenue $37,161.72
(Being interest revenue is recorded)
On 1 Nov
Cash Dr $700,000
To Investment in held to maturity debt securities $677,829.35
To Gain on sale of securities $22,170.65
(Being cash receipt is recorded)
Working note
Date Cash Interest Investment in debt Debt carrying value
Debit Credit Debit
Nov 1 $673,618.61
April 30 $35,000 $37,049.02 $2,049.02 $675,667.63
($673,618.61 × 11% ÷ 2)
Oct 30 $35,000 $37,161.72 $2,161.72 $677,829.35
($675,667.63 × 11% ÷ 2)
Wearing a seat belt, not texting when driving, and
driving carefully are all examples of...
insurance policies.
risk management strategies.
deductibles.
warranties.
Answer:
risk management strategies.
Explanation:
Wearing a seat belt, not texting when driving, and driving carefully are all examples of risk management strategy. Thus, Option D is correct.
What is risk management?Risk management is the identification, assessment, and prioritization of risks, followed by the coordinated and cost-effective application of resources to minimise, monitor, and control the likelihood or impact of unfavourable events or to maximise the realisation of opportunities.
In this context, Risk management means to avoid any unwanted activity such as an accident. The risk management system is applied such as
(a) Wearing a seat belt while driving, on unstable roadways, seat belt plays a crucial role in driving.
(b) Not texting when driving, and driving carefully
(c) Wearing a helmet when biking.
Therefore, all examples disclose risk management strategies.
Learn more about risk management here:
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Automated teller machine to provide all the following services except
Answer:
b. statement printouts
Multiple-choice answers for this question are:
a. Account balance checks b. statement printouts c. cash withdrawals d. money transfers
Explanation:
An ATM ( automated teller machine) provides a convenient way to perform some basic banking operations outside the banking hall. Customers can check their account balance, do transfers, deposit, and withdraw from their accounts from an ATM. A debit card is required to access the bank account via ATM.
An ATM does not print bank statements. A customer requiring a bank statement will need to walk into the banking hall to request the inquiries desk.
Answer:
Statement Printouts
Explanation:
What are examples of financial obstacles to a career plan? Check all that apply. I was unable to save enough money to pay for college. I lost interest in pursuing this career. I have a family member who was sick and needed my care. I was not accepted into the college of my choice. The bank did not approve my loan application to fund my new company. I applied for, but did not receive a college scholarship.
Answer:
Explanation:
The following reasons are all examples of financial obstacles to a career plan...
I was unable to save enough money to pay for college.The bank did not approve my loan application to fund my new company. I applied for but did not receive a college scholarship.All of these examples, make it difficult for the individual to pursue the career that they want due to a lack of finances. This includes both going to college to pursue learn and enter the job world that you want as a career as well as forming a company and entering the market that you want as a career as an entrepreneur.
Answer:
A,E,and F
Explanation:
I got it right for my assignment
Esperanza is starting a business by herself as an illustrator for magazines and children's books. She isn't concerned with personal liability, but she wants the business to be easy to set up.
Answer:
sole proprietorship
Explanation:
The owner sources capital by themselves, register the business and starts operations. A sole proprietorship is simple to registers and start. Only a registration certificate and a trading license from the local authorities is required.
Esperanza should open a sole proprietorship business. The trader keeps all the profits by themselves, is the boss in the business, and taxation is friendly. The biggest drawdown in this business ownership type is that the owner has unlimited liabilities to its debts. Esperanza is not concerned with limited liability and wants something easy to set up.
working on a song for someone I used to love
I'll go through all of the realities to find you
(If I need you)
Just so I can hold your hand...
Even if they think it's fake...
I want you to understand
that there's a certain miss
and a certain love
and a heartache in my chest
every time i hear your name
and im still lying in my bed
without you....
Answer: this is awsom do we have to add on or no but this is the best lyiric ever lol
Explanation: great job
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST PERSONAL & FAMILY FINANCE)
Amanda submitted her taxes, but someone from the IRS called her because they want to talk more about her tax return. What is Amanda MOST likely experiencing?
estimated payment
tax audit
tax deduction
Answer
tax detection
Explanation:
just is
Explanation:
Derick wants to purchase an existing business in the service industry. However, he does not want to use the traditional sources of information that entrepreneurs generally use to make the purchase. Which of these statements refers to an alternative source that Derick can use to locate businesses up for sale?
A.
He could hire the services of a business brokerage company.
B.
He could refer to websites that provide such details.
C.
He could contact businesses through details provided in trade magazines.
D.
He could ask his accountants and lawyers if any of their other clients want to sell their businesses.
E.
He could refer to “business for sale” advertisements listed in the classified sections of newspapers.
Answer:
The answer is D
Explanation:
I got it right on my quiz. :)
According to the video, what tasks commonly are performed by Cashiers? Check all that apply.
creating advertisements
receiving money
totaling bills
giving receipts
delivering products to customers’ homes
weighing produce and bulk food
Answer:
receiving money
totaling bills
giving receipts
Explanation:
Cashiers are workers stationed at cash registers. Their role revolves around receiving money, issuing receipts, and disbursement of correct change as required. Cashiers work in many institutions, especially in the retail industry.
Cashiers' main task is to collect payment from customers. They have to be accurate when issuing receipts and giving back change. Cashiers have to reconcile their register at the end of the day.
Answer:
bcd
Explanation:
Operating costs are the opposite of
utilities.
variable expenses.
fixed expenses.
capital expenditures
Answer:
Variable expenses. I'm not sure
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price per unit $ 26 Variable expense per unit $ 15 Fixed expense per month $ 9,460 Unit sales per month 1,010 Required: 1. What is the company's margin of safety? (Do not round intermediate calculations.) 2. What is the company's margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i.E. .1234 should be entered as 12.34).)
Answer and Explanation:
The computation is shown below:
1. The company margin of safety in dollars is
The Margin of safety is
= Actual sales - break even sales
where,
The actual sales is
= 1,010 units × $26
= $26,260
And the break even sales is
= Fixed cost ÷ contribution margin ratio
= $9,460 ÷ {($26 - $15) ÷ ($26)} × 100
= $22,364
Now the margin of safety in dollars is
= $26,260 - $22,364
= $3,896
2. The percentage would be
= Margin of safety ÷ Actual sales × 100
= $3,896 ÷ $26,260 × 100
= 14.84%
The greater the magnitude of the external benefits of production, a. The larger is the deadweight loss from underproduction. b. The greater would be the optimal tax. c. The less the private market solution would deviate from the socially efficient level of output. d. All of the above are true.
Answer:
d. All of the above are true
Explanation:
External costs happen if during production or consumption of a good or a service there is a negative effect on another party. The existence of this can bring about market failure. In the presence of externalities social benefit costs are a combination of private costs and also external benefits of production.
All of the options a, n and c are true so d is the answer here.
David Blehert and his research team captured 117 healthy bats to study in the laboratory and divided them into four groups. Group 1 was housed in an area free from Geomyces destructans. Group 2 was housed in an area that shared the same air as bats infected with WNS, but these bats did not have direct contact with the infected bats. Group 3 was housed in direct contact with other bats infected with WNS. Bats in group 4 were directly exposed to Geomyces destructans when it was applied to their wings. During the study period the bats were monitored for signs of WNS. In this experiment, the independent was ________ and the dependent variable was ________.
a) the type of exposure to Geomyces destructans; whether the bats became sick with WNS.b) whether the bats became sick with WNS; the type of exposure to Geomyces destructans.c) whether the bats became sick with WNS; the number of bats included in the study.d) the number of bats included in the study; the type of exposure to Geomyces destructans.
Answer: a) the type of exposure to Geomyces destructans; whether the bats became sick with WNS
Explanation: The independent variable refers to the variables employed by the experimenter to use as a tool to observe changes in the dependent variable. In an experimental study, the independent variables are usually the different controls adopted for the experiment. In the scenario above, the independent variable is the type of exposure to Geomyces destructans which each of the groups are exposed to. These variation in control in which the different groups are exposed to may result in different response within the group which is the change in WNS. These response due to exposure to different control is called the dependent variable.
hEY BRAINLY USERS IHAVE LITTLE FAVOR TOASK YOU GUYSI REALLY WANT TO BECOME THE FRIST GIRL AT MY SCHOOL TO BECOME A vice President of Academics BUT I DON'T KNOW HOW I WILL TELL THEM THAT I BE GOOD AS vice President of Academics SO CAN SOMEONE HELP ME PLZZZZZZZZZZ
Answer:
writing your assets down and showing people that could help. or taking on a smaller role and excel at that to prove you deserve more responsibility.
Explanation:
Which career pathway is expected to have a growth rate that is average or below?
O Film Editing
O Visual Arts
O Telecommunications
O Television Announcing
Answer:
Telecommunications
Explanation:
The answer is telecommunications.
What is Telecommunication?
Telecommunication is the transmission of information by various types of technologies over the wire, radio, optical, or other electromagnetic systems.
What is the purpose of telecommunication?The purpose of a telecommunication system is to exchange information among users of the system. This information exchange can take place in a variety of ways, for example, multiparty voice communications, television, electronic mail, and electronic message exchange.
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A registered representative is obligated to adhere to the prospectus delivery requirements of the Securities Act of 1933 when making a sale of A) a new issue of B-rated industrial revenue bonds to provide funding for a new facility for the Boomer Widgets Company. B) shares of the STU open-end investment company, a fund whose portfolio makeup is exclusively U.S. Treasury issues. C) shares of the XYZ closed-end investment company, a fund whose shares trade on the Nasdaq Stock Market. D) shares of the LMN S
Answer:
B) shares of the STU open-end investment company, a fund whose portfolio makeup is exclusively U.S. Treasury issues.
Explanation:
The Securities Act of 1933 requires that new securities must be recorded with the Securities and Exchange Commission (SEC). When registered representatives are offering stocks to their clients, they are required to adhere to the prospectus delivery if the IPO (initial public offering) or APO (additional public offering) after up to 90% of the event.
No IPO or APO is mentioned in the question, but only options A and B refer to securities that could have been recently issued. Since option A is about a municipal bond (industrial revenue bonds are considered municipal bonds), and municipal bonds are not included in the Securities Act of 1933, then we can eliminate that option.
The only possible option we have left is option B. Open end investment stocks are basically a constant IPO since every time an investor buys a stock, it is creating a new stock, e.g. when you invest in a mutual fund you are creating new mutual fund stocks. It doesn't matter if the mutual fund only invests in US treasuries.
What are the goals of CRM and social media marketing
Answer:
A company moves their focus onto customers who are active on different social media platforms, to both offer customer service on social channels, and to optimize their own service by collecting customer data via these channels. The long-term goal of Social CRM is to increase customer satisfaction and revenue.
Explanation:
dia wants to improve her ____. her creative writing teacher suggest that she read genres of books that she usually finds dull
Answer:
well if it's dull books, shouldn't it be vocabulary. if it were concentrated she would be bored and her mind would wander elsewhere. but if it were vocabulary she would still find it dull. As if it were a dictionary, nobody wants to spend 5 hours reading every word in the dictionary
Answer:
concentration
Explanation:
got it right
Which career worker installs, maintains, and repairs equipment used for communication? Select all that apply.
Printing Technology
Printing Press Operator
Electronic Home Entertainment Equipment Installer
Journalism and Broadcasting
Telecommunications
Answer:
equipment installer
Explanation:
Answer:
i have the same question >:(
Explanation:
Hey wassup I'm lowkey bored y'all wanna do sum?
Answer:
Lol
Explanation:
What cha doing?
Honestly I just want some points not to ruin ur chill or notin
The factors cited by the textile industry’s decision to locate manufacturing facilities in countries other than the United States include _____.
improved trade policies
increased domestic energy costs
cheaper labor
lower transport costs
Answer:
cheaper labor
Explanation:
Until the recent past, cotton production was labor-intensive. Factories needed to hire many casual laborers to assist them in the production process. The US has always had a minimum wage policy. Because the factories had to adopt the minimum wage policy, the labor expense became unsustainable. Cotton factories had to relocate to other countries such as China, where labor was affordable.
Answer:
cheaper labor
Explanation:
Which term describes a situation in which one country can produce a product
at a lower opportunity cost than another country?
A. Deficit advantage
B. Comparative advantage
C. Absolute advantage
D. Surplus advantage
Answer:
B. Comparative advantage
Explanation:
Comparative advantage is when a country or company can produce goods using fewer resources compared to its rivals. It means the product will cost much less when produced by the country with a comparative advantage.
A comparative advantage means that a country will produce more output of a product when using similar inputs as rivals. The country or company can, therefore, avail the product in the market at a lower cost. Other countries stand to gain when importing products from countries with a comparative advantage than when they manufacture.
Answer:
B. Comparative advantage
Explanation:
Just got it right on my quiz!
The government should not worry about the environment. It has no business to worry about how people treat the pollution, waste, nature and land use, as all of these things are not necessary to help make a good economy.
True
False
Answer:
true
Explanation:
HURRY !! The information given to you by your teachers is always accurate and should never be questioned.
TRUE or FALSE
Answer:
Fasle
Explanation:
No one is perfect
As a business consultant, write a report to the chief executive of your own national airline discussing the process of outsourcing and recommending whether
all non-core activities should be outsourced
Answer:
0 min
Explanation:
sanaollbisbeisnns
2.
What is selling? How can you apply this in your real life as a student?
Joann wants to insert page numbers at the bottom of the pages of her document using the Field option in Quick Parts. Which options in the Field dialog box does she click to accomplish this task? Check all that apply. Footer under the All category Header under the Page category Page under the Numbering category PageNum under the Document Automation category NumPages under the Document Information category
Answer:
C and E
Explanation:
Edge 2020
Answer: C. Page under the Numbering category
E. NumPages under the Document Information category
Explanation:
Hope this helps!!
Read each question and choose the best answer. "How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case."—Robert G. Allen, financial writer This quotation reflects what principle of investing? A. Higher risk usually offers higher potential return. B. Higher risk usually offers lower potential return. C. Greater liquidity usually offers higher potential return. D. Greater liquidity usually offers lower potential return.
Answer:
A.
Explanation:
This quote reflects the principle of investing that Higher risk usually offers a higher potential return. Savings accounts are probably the safest investments that an individual can make, where they hold their money in this account and the bank ensures this account while also providing interest on the amount held. This interest that is gained is extremely small and usually wouldn't even cover the average annual inflation rate. The average interest on these accounts is between 0.01% to 0.35% APY. Riskier investments have a much higher potential return from 7% APY to potentially above 100% APY.
most four year colleges want an applicants scores for all of the following except
A.class rank
B.IQ
C.GPA
D.standerdized tests
Answer:
I think it is IQ.
I'm not 100% sure
Explanation:
Suppose that Italy and Austria both produce fish and shoes. Italy's opportunity cost of producing a pair of shoes is 5 pounds of fish while Austria's opportunity cost of producing a pair of shoes is 10 pounds of fish. By comparing the opportunity cost of producing shoes in the two countries, you can tell thatItaly has a comparative advantage in the production of shoes andAustria has a comparative advantage in the production of fish. Suppose that Italy and Austria consider trading shoes and fish with each other. Italy can gain from specialization and trade as long as it receives more than5 pounds of fish for each pair of shoes it exports to Austria. Similarly, Austria can gain from trade as long as it receives more than1/10 pair of shoes for each pound of fish it exports to Italy. Based on your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of fish) would allow both Austria and Italy to gain from trade?
a. 9 pounds of fish per pound of cheese.
b. 18 pounds of fish per pound of cheese.
c. 3 pounds of fish per pound of cheese.
d. 1 pound of fish per pound of cheese.
Answer:
a. 9 pounds of fish per pound of cheese.
Explanation:
The gain from trade would arise at the time when the price of the cheese with respect to the fish is more than 5 and less than 10
So according to the given option the first option is met the criteria
The 9 is more than 5 and less than 10
And, the other options does not met the criteria
So, the first option i.e. a is correct
And, all other options are wrong