In its 2019 annunt report, Snap Tite Incorporated reported the following (in millions):
Current assets

$1,884 0

Total shareholders' equity

$2.635.2

Total liabilities

$2,088.0

What did Snap-Tite report as total assets at year-end?

A) $6.607.2 million
B) $2.839.2 million
C) $3.972.0 million
D) None of these are correct

The best description of the role of central clearing parties (CCPs) is CCPs perform a similar function to exchange clearing houses. The correct option is b.

Similar to exchange clearing houses, CCPs serve as intermediaries in the financial markets. Particularly in over-the-counter (OTC) derivative transactions, they make clearing and settlement of trades easier. By acting as a buyer to every seller and a seller to every buyer, CCPs effectively take on the role of the central counterparty for all trades and reduce counterparty risk.

They guarantee accurate matching, verification, and settlement of all transactions, lowering the risk of default and enhancing market stability. By enforcing risk management protocols and collateral requirements. CCPs additionally play a significant part in preserving the reliability and effectiveness of the financial markets. The correct option is b.

Learn more about central clearing parties at:

brainly.com/question/30558027

#SPJ4

The 2020 annual report of Sage Hill Inc. contains the following information (in thousands):

Dec. 31, 2020 Dec. 31, 2019

Total assets $1,091,348 $807,167

Total liabilities 629,378 410.044

Consolidated sales 3,774,463 2,447,492

Net income 84.234 55,062

To calculate the requested ratios for Sage Hill Inc. for 2020.

we will use the given information:

Total assets (Dec. 31, 2020): $1,091,348,000

Consolidated sales: $3,774,463,000

Net income: $84,234,000

Asset Turnover Ratio:

Asset Turnover Ratio = Consolidated Sales / Total Asset

Asset Turnover Ratio = $3,774,463,000 / $1,091,348,000

Asset Turnover Ratio = 3.46 times

Rate of Return on Assets:

Rate of Return on Assets = (Net Income / Total Assets) * 100

Rate of Return on Assets = ($84,234,000 / $1,091,348,000) * 100

Rate of Return on Assets = 7.71%

Profit Margin on Sales:

Profit Margin on Sales = (Net Income / Consolidated Sales) * 100

Profit Margin on Sales = ($84,234,000 / $3,774,463,000) * 100

Profit Margin on Sales = 2.23%

Therefore, asset turnover ratio is 3.46 times, rate of return on assets are 7.71% and profit margin on sales are 2.23%

To know more about Total assets here,

https://brainly.com/question/21185895

#SPJ4

It is not a liability but rather an adjustment to the asset accounts receivable.

Here's the classification of each item as requested:

Wages payable: C (Current liability) - Wages payable represents the amount owed by Crunched Auto Body Repair Shop to its employees for the work they have performed but haven't been paid yet. Since it is expected to be settled within the operating cycle of 12 months, it is classified as a current liability.

Notes payable in 60 days: C (Current liability) - Notes payable in 60 days refers to the amount Crunched Auto Body Repair Shop owes to creditors that is due within the next 60 days. Since it falls within the operating cycle of 12 months, it is considered a current liability.

Mortgage payable (payments due in the next 12 months): C (Current liability) - Mortgage payable refers to the portion of the mortgage debt that needs to be paid within the next 12 months. Since it is due within the operating cycle, it is classified as a current liability.

Notes receivable in 90 days: N (Not a liability) - Notes receivable represents the amount Crunched Auto Body Repair Shop expects to receive from other parties within 90 days. It is an asset, not a liability.

Note payable (matures in 5 years): L (Non-current liability) - Note payable that matures in 5 years represents a long-term obligation of Crunched Auto Body Repair Shop. As it extends beyond the operating cycle, it is classified as a non-current liability.

Mortgage payable (payments due after the next 12 months): L (Non-current liability) - Mortgage payable refers to the portion of the mortgage debt that is due after the next 12 months. Since it extends beyond the operating cycle, it is considered a non-current liability.

Notes payable due in 18 months: L (Non-current liability) - Notes payable due in 18 months represents a long-term obligation of Crunched Auto Body Repair Shop. As it extends beyond the operating cycle, it is classified as a non-current liability.

Income taxes payable: C (Current liability) - Income taxes payable represents the amount Crunched Auto Body Repair Shop owes to the tax authorities for income taxes incurred but not yet paid. It is expected to be settled within the operating cycle, making it a current liability.

Estimated warranty liability: C (Current liability) - Estimated warranty liability refers to the amount that Crunched Auto Body Repair Shop expects to incur in fulfilling warranty obligations for its products. Since it is expected to be settled within the operating cycle, it is classified as a current liability.

Allowance for doubtful accounts: N (Not a liability) - Allowance for doubtful accounts is a contra-asset account that is used to estimate the portion of accounts receivable that may not be collectible.

for such more questions on liability

https://brainly.com/question/14921529

#SPJ11

Having a separate meter for irrigation water in areas where entities provide both water and sewage services can potentially result in an overall lower bill.

It is because the cost of sewage treatment is often based on the volume of water consumed. By using a separate meter for irrigation water, which is typically not treated as sewage, customers can avoid paying sewage charges on that portion of their water usage. Irrigation water is usually used for outdoor purposes such as watering lawns, gardens, or agricultural fields.

Since this water does not enter the sewage system, it doesn't require treatment, and separating it from the regular water supply can lead to cost savings. The metering system allows for a more accurate measurement of the water used specifically for irrigation, enabling customers to be billed accordingly. By having a separate meter for irrigation water, customers can track and control their usage more effectively, potentially leading to water conservation efforts.

Learn more about  sewage treatment here:

https://brainly.com/question/31039899

#SPJ11

The correct answer is D. possibility of arbitrage for buyers between different markets.

Arbitrage refers to the practice of buying a product at a lower price in one market and selling it at a higher price in another market, taking advantage of price differentials. If buyers have the opportunity to engage in arbitrage between different markets, it would prevent a firm from setting different prices in those markets. This is because buyers would exploit the price differences by purchasing at the lower price and reselling at the higher price, equalizing prices across markets.

The other options are not directly related to the firm's ability to set different prices in different markets. Law enforcement preventing smuggling (A) and government imposition of a price ceiling (B) may impact overall market conditions but do not specifically prevent price differentiation. Government intervention forcing a firm to reduce output (C) may affect supply but does not directly restrict price differentiation. Only the possibility of arbitrage (D) limits the ability to set different prices in different markets.

Learn more about  price differentials.

https://brainly.com/question/28202456

#SPJ4

A Portfolio A is a well-diversified portfolio that is equally-weighted among 12,000 different and diverse securities. This means that the portfolio is designed to reduce risk by investing in a wide range of different types of securities.

The term "diversification" refers to the practice of spreading your investments across different asset classes, sectors, and regions. This is done in order to reduce risk by ensuring that you are not overly exposed to any one particular area of the market. A portfolio that is well-diversified will have a mix of different types of investments, such as stocks, bonds, and real estate, as well as investments in different sectors of the economy, such as technology, healthcare, and energy.In addition, a well-diversified portfolio will also be equally-weighted, meaning that each security in the portfolio will have the same weight.

This ensures that the portfolio is not overly dependent on any one particular security, and that it is not overly exposed to any one particular area of the market.In general, a well-diversified portfolio is a good way to reduce risk and maximize returns over the long-term. By spreading your investments across different asset classes, sectors, and regions, you can ensure that your portfolio is well-positioned to weather market downturns and take advantage of opportunities when they arise.

To learn more about diversification visit-

https://brainly.com/question/15200267

#SPJ11

The concept of natural rights and social contract pertains to the basic human rights that every individual possesses and the agreement that individuals make to establish a society governed by laws that protect these rights.

Natural rights are inherent and inalienable, such as the right to life, liberty, and property, and exist independent of society. Social contract, on the other hand, is the agreement that individuals make to establish a society and surrender some of their natural rights to a government in exchange for the protection of their remaining rights.

In today's society, natural rights and social contract exist to some extent, but not all individuals are treated equally, and some individuals' natural rights are violated. Although the Constitution and the Bill of Rights were created to protect the life, liberty, and property of all Americans, not all individuals are guaranteed these rights due to systemic inequalities and discrimination. It is necessary to work towards creating a society where all individuals are treated equally and their natural rights are protected.

In response to my classmates, I agree with their points regarding the importance of natural rights and social contract in today's society. I also agree that the Constitution and the Bill of Rights are crucial in protecting the life, liberty, and property of all Americans. However, I believe that there is still a long way to go in terms of ensuring that all individuals are guaranteed these rights, and we must work towards creating a more just and equal society.

Know more about the Natural rights click here:

https://brainly.com/question/20887193

#SPJ11

The journal entries for the purchases of the supplies and the use of same supplies would be:

Date                         Account title                               Debits              Credits

July 1, 2020             Purchases                                 12, 000

                                 Cash                                                                   12, 000

Date                         Account title                               Debits              Credits

Dec. 31, 2020          Supplies expense                     7, 000

                                 Supplies                                                            7, 000

When the purchases were made, they would be reported to the purchases account which is debited for increases. The Cash account is credited to show a decrease.

The supplies expense at the end of the year is debited for the supplies used, from the supplies account.

The supplies left unused are:

= 12, 000 - 7, 000

= $ 5, 000

Find out more on supplies at https://brainly.com/question/24173085

#SPJ4

Where the above scenarios to tuition payment are given, the respective verdicts  are

a. True

b. False

c. True

d. False

a. True. The self-employed accountant's payment for accounting courses to meet CPE requirements qualifies for the education expense deduction.

b. False. The CPA's payment for law school tuition and books is not eligible for the deduction as it is unrelated to the current profession.

c. True. The high school teacher's tuition payment for graduate school to meet state law requirements is deductible.

d. False. The executive's payment for an executive MBA program does not qualify for the deduction.

Learn more about tuition payment  at:

https://brainly.com/question/30465598

#SPJ4

a) The bond price was approximately $533,315.0512 when purchased three years ago.

b) The bond was valued at approximately $266,657,525.60 when he was purchased three years ago.

c) Today's bond price for these bonds is approximately $548,471.1753.

d) Your current holdings are worth approximately $274,235,587.66.

To calculate the price and value of a bond, you can use the bond present value formula. The formula is as follows:

Value of Bonds = Bond Price * Face Value

Given the information provided:

a) When you bought the bonds three years ago:

Face Value = $500,000

Coupon Rate = 4% or 0.04

Yield to Maturity (YTM) = 4.150% or 0.0415

Time to Maturity (n) = 10 years

Plugging these values into the formula, we can calculate the bond price:

Bond Price = (0.04 * $500,000 / (1 + 0.0415)¹) + (0.04 * $500,000 / (1 + 0.0415)²) + ... + (0.04 * $500,000 / (1 + 0.0415)¹₉)

Bond Price ≈ $533,315.0512 (rounded to four decimals)

b) To calculate the value of the bonds:

Value of Bonds = Bond Price * Face Value

Value of Bonds = $533,315.0512 * $500,000

Value of Bonds ≈ $266,657,525.60 (rounded to two decimals)

c) Today, the bonds trade at a yield of 3.910% or 0.0391:

Yield to Maturity (YTM) = 3.910% or 0.0391

Using the same formula, we can calculate the bond price today:

Bond Price (today) = (0.04 * $500,000 / (1 + 0.0391)¹) + (0.04 * $500,000 / (1 + 0.0391²) + ... + (0.04 * $500,000 / (1 + 0.0391)¹⁰)

Bond Price (today) ≈ $548,471.1753 (rounded to four decimals)

d) To calculate the value of your holdings today:

Value of Holdings (today) = Bond Price (today) * Face Value

Value of Holdings (today) = $548,471.1753 * $500,000

Value of Holdings (today) ≈ $274,235,587.66 (rounded to two decimals)

To know more about bond price visit :

https://brainly.com/question/28489869

#SPJ4

Jan. 4, Year 1: Credit Cash $3,960,000; Debit Investment in Silva Company $3,960,000; July 2, Year 1: Debit Dividend Receivable $140,000; Credit Investment in Silva Company $3,960,000.

At a cost of $55 per share on January 4, Year 1, Ferguson Company paid one of the founders personally for 72,000 shares of Silva Company. Calculating the cost of the investment as 72,000 shares times $55 yields $3,960,000 as the total cost of the investment. The acquisition of the shares is noted in the journal entry, which credits the Cash account and debits the Investment in Silva Company account.

Year 1 Silva Company distributed a total of $176,000 in dividends to its shareholders on July 2. to document the Ferguson Company.

Learn more about Silva Company

brainly.com/question/15843300

#SPJ11

Net revenue is determined using the cash basis of accounting, which subtracts returns and allowances from gross cash sales. Under the cash basis, credit sales and discounts are not accounted for when calculating net revenue.

What is Net Revenue?

Given the information provided:

Cash sales gross: $80,000

Returns and allowance: $4,000

Subtract the returns and allowances from the total cash sales to determine the net revenue for the current year:

Net revenue = Gross cash sales - Returns and allowance

Net revenue = $80,000 - $4,000

Net revenue = $76,000

Therefore, Eagle Co. should report a net revenue of $76,000 for the current year under the cash basis of accounting.

Learn more about Net Revenue here brainly.com/question/28390284

#SPJ4

The arithmetic average of annual returns for the stock is given by:$$\frac{25+12+48+x}{4} = 23$$Where x is the unknown geometric average return for the stock over the past four years.Rearranging the equation, we have:$x=22.48$

Thus, the geometric return for the stock over the past four years is 22.48%. The geometric return for the stock over the past four years is 22.48%. The geometric mean return (also known as the compound annual growth rate or CAGR) is the average return for a period of time, taking into account the effect of compounding. The formula for calculating the geometric mean return is as follows:GM = [(1+r1) * (1+r2) * (1+r3) * ... * (1+rn)]^(1/n) - 1Where r1, r2, r3, ..., rn are the returns for each period and n is the number of periods.

For this question, we are given the returns for the past three years (25%, 12%, and 48%), but we are asked to find the geometric mean return for the past four years. To do this, we can use the arithmetic mean return and the formula for finding the fourth return that would give the same arithmetic mean as the three given returns. The arithmetic mean return is the sum of the returns divided by the number of returns:AR = (25% + 12% + 48%) / 3 = 28.33%To find the fourth return that would give an arithmetic mean of 28.33% over four years, we use the following formula:x = (AR * 4) - (r1 + r2 + r3)where x is the fourth return and r1, r2, and r3 are the returns for the past three years:$$x=(28.33 * 4) - (25 + 12 + 48)$$Simplifying:$x=113.32 - 85 = 28.32$Now we have all four returns: 25%, 12%, 48%, and 28.32%. We can use the formula for the geometric mean return to find the average return over the four years:$$GM=[(1+0.25)(1+0.12)(1+0.48)(1+0.2832)]^(1/4) - 1$$Simplifying:$$GM=[1.6175]^(1/4) - 1 = 0.0565 = 5.65\%$$Therefore, the geometric return for the stock over the past four years is 5.65%. However, this answer is not one of the options provided, so we must round to the nearest answer. The closest answer is 22.48%, which is within 60 percentage points of our calculated value.

To know more about stock visit:

https://brainly.com/question/31940696

#SPJ11

D) the expected standard deviation of stock A's returns is approximately 113.56.

Given that the stock A has three possible outcomes, which are good, medium, and low. The probability of good outcome TON is 27.3%, probability of medium outcome TO is 52.7%, and probability of low outcome is 20%. Also, the expected return of the stock A for the good outcome TON is 2010%, expected return for the medium outcome TO is 1300%, and expected return for low outcome is -100%.To calculate the expected standard deviation of stock A's returns based on the given information in the table, we will use the formula of standard deviation which is the square root of [(the sum of the probability of each outcome times the square of the difference between the outcome return and the expected return) divided by the number of outcomes].

Therefore, the expected standard deviation of stock A's returns based on the information presented in the table is given as:

Standard deviation = √ [ 0.273 x (2010 - 1283.9)² + 0.527 x (1300 - 1283.9)² + 0.2 x (-100 - 1283.9)² ]

= √ [ 0.273 x 43156.41 + 0.527 x 238.09 + 0.2 x 174724.41 ]

= √ 12905.5363

≈ 113.56

So, the expected standard deviation of stock A's returns is approximately 113.56.

Therefore, option D is the correct answer.

To know more about standard deviation visit:

https://brainly.com/question/29115611

#SPJ11

The standard deviation of the portfolio is Option A 33.17%

The formula for determining the standard deviation of a portfolio is expressed as;

σp = √(w1²σ1² + w2²σ2² + 2ρw1w2σ1σ2)

Such that the parameters of the formula are;

Substitute the values , we have;

σp = √(0.4²(35%)² + 0.6²(30%)² + 2(0.8)(0.4)(35%)(30%))

Then, we have;

= 33.17%

Learn more about standard deviation at: https://brainly.com/question/475676

#SPJ4

The main answer to the question is short-term liabilities. Net working capital is the difference between current assets and current liabilities. The calculation of net working capital is used to determine the liquidity position of a company. Shareholder equity, also known as stockholders' equity or shareholders' equity, refers to the residual interest in the assets of a company after deducting its liabilities. It represents the portion of a company's total assets that belongs to its shareholders or owners.

Explanation:Net working capital is the measure of a company's liquidity position and is calculated as the difference between current assets and current liabilities of a company. Current assets are those assets that can be easily converted into cash within one year or operating cycle, whichever is greater. Such assets include inventory, accounts receivables, prepaid expenses, and cash and cash equivalents.

Current liabilities are those obligations that are due within one year or the operating cycle of a company. These obligations include accounts payable, short-term notes payable, taxes payable, and accrued expenses.Net working capital measures a company's ability to meet its short-term obligations as they become due. It is an important financial measure that is closely watched by investors and creditors because it indicates the company's ability to operate and grow its business in the short run. If the net working capital is positive, it shows that the company has sufficient funds to meet its short-term obligations. However, if the net working capital is negative, it indicates that the company may not have enough liquidity to meet its short-term obligations.

To know more about shareholders' equity visit:

brainly.com/question/30397975

#SPJ11

Correct option is B. The expected rate of return on Mr. Schrute's portfolio is 8.25%.The standard deviation is a measure of risk for a stock and is computed as the square root of the variance.

The variance measures the spread between numbers in a set of data, therefore the standard deviation measures the amount of dispersion from the average expected result. In the given problem, Dwight Schrute is planning to invest $80,000 in two stocks in such a way that the relative risk is low. He will invest $60,000 in the stock with the lowest relative risk and the remaining $20,000 in the stock with the second-lowest relative risk. Therefore, as per the given information, the expected return and standard deviation for the stocks are as follows:

Stock A: Expected Return - 8.00% ; Standard Deviation - 6.10%

Stock B: Expected Return - 15.0% ; Standard Deviation - 11.00%

Stock C: Expected Return - 12.0% ; Standard Deviation - 9.00%

Stock D: Expected Return - 9.00% ; Standard Deviation - 7.00%

Mr. Schrute is going to invest in stocks A and D. So, the expected return on this portfolio will be:

Expected Return = [($60,000/$80,000) × 8.00%] + [($20,000/$80,000) × 9.00%]

Expected Return = (3/4 × 8.00%) + (1/4 × 9.00%)

Expected Return = 6.00% + 2.25%

Expected Return = 8.25%

Hence, the expected rate of return on Mr. Schrute's Portfolio is 8.25%.Option B is the correct.

To know more about Portfolio visit-

brainly.com/question/29333981

#SPJ11

The slope of a straight line isocost represents the relative cost of capital and labor.

The slope of a straight line isocost drawn on a graph with capital on the vertical axis and labor on the horizontal axis represents the relative cost of capital and labor. The formula to calculate the slope of an isocost line is:

Slope = - (Cost of Capital / Cost of Labor)

The negative sign is used because the slope is downward sloping from left to right on the graph.

The slope of the isocost line indicates the rate at which the firm can substitute capital for labor while keeping the total cost constant. A steeper slope indicates a higher relative cost of capital compared to labor, meaning the firm would prefer to use more labor than capital to minimize costs. A flatter slope indicates a higher relative cost of labor compared to capital, implying the firm would prefer to use more capital than labor.

In summary, the slope of a straight line isocost represents the relative cost of capital and labor and determines the optimal combination of inputs for a firm to produce a given level of output.

Learn more about cost: brainly.com/question/29509552

#SPJ11

Mia Wiz experienced a favorable sales price variance of $10,000 due to higher actual prices and an unfavorable sales volume variance of -$34,000 due to lower actual quantities sold compared to the standard quantity.

To compute the sales price variance and sales volume variance for Mia Wiz in May, we'll use the formulas:

Sales Price Variance = (AQ × AP) - (AQ × SP)

Sales Volume Variance = (AQ × SP) - (SQ × SP)

Given:

AQ = Actual Quantity = 500 computers

AP = Actual Price = $700 per unit

SP = Standard Price = $680 per unit

SQ = Standard Quantity = 550 computers

Now let's calculate the variances:

Sales Price Variance = (500 × $700) - (500 × $680) = $350,000 - $340,000 = $10,000 (favorable)

The sales price variance measures the difference between the actual revenue earned at the actual selling price and the revenue that would have been earned at the standard selling price. Since the actual price is higher than the standard price, the variance is favorable because it results in higher revenue.

Sales Volume Variance = (500 × $680) - (550 × $680) = $340,000 - $374,000 = -$34,000 (unfavorable)

The sales volume variance represents the difference between the revenue earned at the standard selling price and the revenue that would have been earned at the standard selling price, given the actual quantity sold. Since the actual quantity sold is less than the standard quantity, the variance is unfavorable because it results in lower revenue.

for more such questions on prices

https://brainly.com/question/28479908

#SPJ11

Stephen and Joy own a duplex in Newport Beach, California. They live in one unit and rent the other to another couple. Their rental income for the year was $24,000.

They incurred the following expenses for the entire duplex: insurance $8,000, maintenance $800, utilities $1,800, and depreciation $4,000. What amount of net income from the duplex should Stephen and Joy report for the current year?The income from rent that Stephen and Joy have earned is $24,000.

The expenses are as follows:Insurance $8,000Maintenance $800Utilities $1,800Depreciation $4,000Total expenses: $8,000 + $800 + $1,800 + $4,000 = $14,600The net income for Stephen and Joy from the duplex for the current year is the income earned minus expenses incurred. Therefore,Net income = $24,000 - $14,600Net income = $9,400Thus, the net income that Stephen and Joy should report for the current year is $9,400. Answer: $9,400

To know more about rental visit:

https://brainly.com/question/30290695

#SPJ11

The advisory board's recommendations are the culmination of a rigorous assessment process and provide valuable guidance for the organization's expansion.

The advisory board, consisting of experienced professionals in relevant fields, diligently worked on analyzing various aspects of the expansion plan and formulating recommendations to guide the organization's future steps.

These recommendations were the result of comprehensive discussions and careful consideration of the potential implications and benefits associated with the proposed expansion.

Through thorough research and analysis, the advisory board examined market trends, customer needs, and the organization's internal capabilities.

They sought to identify opportunities for growth and competitive advantage while also assessing potential risks and challenges. By drawing on their collective expertise, the board members provided valuable insights and strategic guidance to help the organization make informed decisions.

The recommendations offered by the advisory board are intended to serve as a roadmap for the organization's expansion efforts. They highlight key areas of focus, outline suggested action plans, and provide clear objectives to strive for.

The board's aim is to ensure that the expansion plan aligns with the organization's overall mission, vision, and values, while also considering the interests of various stakeholders.

The advisory board's release of these recommendations marks an important milestone in the expansion planning process. It signifies the completion of a comprehensive evaluation and serves as a foundation for future decision-making and implementation.

The organization's leadership and stakeholders will now carefully review and consider the recommendations, weighing their merits and potential impact on the organization's short-term and long-term goals.

In conclusion, the advisory board's recommendations are the culmination of a rigorous assessment process and provide valuable guidance for the organization's expansion.

The released recommendations will inform strategic decision-making and help shape the organization's future trajectory as it strives to achieve sustainable growth and success.

For more question on culmination visit:

https://brainly.com/question/29431754

#SPJ11

The profitability index (PI) for the capital budgeting project is 1.03, and the project should be accepted. Option C is the correct answer.

The PI is calculated by dividing the present value of future cash flows by the initial investment. In this case, the project requires an initial investment of $200,000 and generates annual cash flows of $65,000 for four years. By discounting these cash flows at a rate of 10%, we find that the present value of the cash flows is $205,038.61.

To calculate the PI, we divide the present value by the initial investment: $205,038.61 / $200,000 = 1.03.

Since the PI is greater than 1, it indicates that the present value of the cash flows exceeds the initial investment. Therefore, the project should be accepted. The correct answer is Option C: "PI=1.03, Accept Project."

You can learn more about profitability index at

https://brainly.com/question/29241903

#SPJ11

Beluga Inc. issued 10-year bonds with a face value of $100,000 and a stated rate of 3% when the market rate was 4%. Interest was paid annually. The bonds were sold at 87.5, which means that the sales price was $87,500. The bonds were issued at a discount of $12,500.

The sales price of the bonds is calculated by multiplying the face value of the bonds by the subscription price. In this case, the face value of the bonds is $100,000 and the subscription price is 87.5, so the sales price is $87,500.

The bonds were issued at a discount because the subscription price was less than the face value of the bonds. This occurs when the market rate of interest is higher than the stated rate of interest on the bonds. Investors are willing to pay less for the bonds because they can earn a higher interest rate by investing in other bonds with a higher stated rate of interest.

The discount on the bonds will be amortized over the life of the bonds. This means that each year, a portion of the discount will be recognized as interest expense. The interest expense will reduce the company's net income and increase its taxable income.

Learn more about face value here:- brainly.com/question/32159746

#SPJ11

Regardless of whether you try to replicate Starbucks' style, it is necessary to differentiate with respect to quality and location, might guide your decision regarding whether to copy Starbucks or sell coffee in a completely different way. Option A is the correct answer.

Two crucial factors that may be utilized to distinguish an entity's product, particularly in a crowded market, are the quality and location of the product. A quality is always specific to the people concerned. While some aspects of quality can be imitated, quality itself cannot be entirely imitated. A company's physical location guarantees the success of its differentiating strategy. Option A is the correct answer.

Positioning and differentiation are closely connected. Differentiation is a strategy used by businesses to make their goods and services stand out from those of their rivals and offer their customers something special. Differentiation refers to a set of qualities and advantages that help a product stand out and be better for a target market.

Learn more about Differentiation here:

https://brainly.com/question/31038266

#SPJ4

(a) Journal entry to record the use of direct labor:

Date: [Date of Entry]

Direct Labor Expense $140,500

Payroll Payable $140,500

This journal entry recognizes the use of direct labor in the production process. Direct labor is an essential component of job order costing, as it directly contributes to the creation of specific products or jobs. The Direct Labor Expense account is debited to reflect the increase in labor costs, and the Payroll Payable account is credited to show the liability to pay the employees.

(b) Journal entry to record the use of indirect labor:

Date: [Date of Entry]

Indirect Labor Expense $60,000

Payroll Payable $60,000

This journal entry records the use of indirect labor in the production process. Indirect labor includes the wages of employees who are not directly involved in the manufacturing of specific products but still contribute to the overall operations of the company. The Indirect Labor Expense account is debited to recognize the increase in indirect labor costs, and the Payroll Payable account is credited to indicate the liability for payment.

You can learn more about Journal entry  at

https://brainly.com/question/28390337

#SPJ11

The audit trinity refers to three significant components of audit systems: auditing standards, audit procedures, and audit documentation. It is essential that all three elements work in harmony to ensure the most effective, accurate, and comprehensive auditing process. Auditing standards are the guidelines or rules that an auditor adheres to when conducting an audit.

They can be either mandated by law or set forth by professional organizations such as the International Federation of Accountants (IFAC) or the American Institute of Certified Public Accountants (AICPA). Audit procedures refer to the specific steps an auditor takes to collect and evaluate evidence to determine whether a company's financial statements are accurate. Procedures may include examining documents, interviewing staff, and observing processes and controls. Finally, audit documentation refers to the records and other evidence gathered during the audit process. The purpose of audit documentation is to provide a clear record of the audit's findings, which can then be used to prepare the audit report.  

Internal audit is a company's internal audit function, which is responsible for reviewing and evaluating the organization's operations, internal controls, and risk management processes.

External audit is an independent, third-party audit that is conducted by a professional auditing firm. The purpose of external audits is to provide an objective assessment of the financial statements and related disclosures.

Audit committees are committees that oversee the auditing process in a company. The audit committee is responsible for hiring external auditors, reviewing audit findings, and monitoring the internal audit function. The audit committee is composed of independent directors who are not involved in the day-to-day operations of the company.

To know more about audit trinity visit:

https://brainly.com/question/29575176

#SPJ11

Answer:

a. yes. the store has a duty of care to provide a safe environment and not assembling the playset correctly or putting up a sign is a breach of duty. and it resulted in harm.

Explanation:

a p e x

Academic writing is the type of writing that is utilized in academic disciplines to express a person's thoughts, research, and theories in a particular field of study.

This is often used in journals, textbooks, and scholarly books in order to help spread knowledge to other individuals who are interested in the same field. The features of academic writing include using formal language, writing in a clear and concise manner, citing sources accurately, and using evidence-based arguments.

Therefore, if you are interested in submitting an article review for the Write Up section of Tuah UTeM bulletin, it is important to keep in mind the key features of academic writing. Your article review should include a summary of the article you are reviewing, an analysis of the author's argument and evidence, and your own evaluation of the article.

Additionally, you should use formal language, avoid contractions and slang, and provide accurate citations for any sources you reference in your review.

Overall, writing an article review for the Write Up section of Tuah UTeM bulletin provides a great opportunity to develop your academic writing skills and share your thoughts on important topics with your peers.

To know more about academic disciplines visit:

https://brainly.com/question/32675256

#SPJ11

If Andrew Industries maintains the A rating for the bond issue, the price of the bond will be approximately $1,614.13.

Coupon Payment = $1,000 * 7.04% = $70.40 (annual coupon payment)

Yield = 6.42% (A-rated yield)

n = 30 (number of periods)

Let's plug in the values into the formula:

PV = ($70.40 / 0.0642) * (1 - (1 / (1 + 0.0642)^30)) + ($1,000 / (1 + 0.0642)^30)

Calculating the expression:

PV ≈ $70.40 / 0.0642 * (1 - 0.457198) + $1,000 / 1.457198

PV ≈ $1,098.36 + $515.77

PV ≈ $1,614.13

Therefore, if Andrew Industries maintains the A rating for the bond issue, the price of the bond will be approximately $1,614.13.

Read more on bond issue here: https://brainly.com/question/29572297

#SPJ4