1. Simon Brothers pays $47,000 into a bond sinking fund each year to redeem the future maturity of its bonds. During the first year, the fund earned $3,825. At the time of bond redemption, the fund has a balance of $417,000. Of this, $400,000 was used to redeem the bonds. Journalize the following entries. a. Initial deposit b. The first year’s interest c. The redemption of the bonds 2. On January 1, Auctions Online issued $300,000, 9%, 10-year bonds to lenders at the contract rate. Interest is to be paid semiannually on July 1 and January 1. Journalize the following entries. a. Issued the bonds b. Paid first semiannual interest payment c. Retired the bonds at maturity

Answers

Answer 1
Answers are the following:
1. a. Sinking Fund 47,000
Cash 47,000
b)Sinking Fund 3,825
Sinking Fund Interest Earned 3,825
c)Cash 17,000
Bonds Payable 400,000
Sinking Fund 417,000

2. 
a)Cash 300,000
Bonds Payable 300,000
b)Bond Interest Expense 13,500
Cash 13,500
c)Bonds Payable 300,000
Cash 300,000
Answer 2

Answer:

Answer is provided in explanation portion.

Explanation:

Answer. Part 1

(a) Sinking Fund                                                 47,000

        Cash                                                             47,000

Purchased bonds in cash at  $47000

(b) Sinking Fund                                                       3,825

Sinking Fund Interest Earned                                    3,825

Earned interest on the bond at $3825

(c) Cash                                                           17,000

Bonds payable                                                  400,000

                                                                           417,000

Cash was earned at $17000 and to redeem the bond, $400,000 is payable.

Answer. Part 2  

(a) Cash                                                               300,000

         Bonds Payable                                             300,000

Bonds were issued at $300,000

(b) Bond interest expense                               13,500

          Cash                                                          13,500

Interest on bonds was paid to bond holders at $13500

• For interest (300,000*0.09)/2 for semi-annually is $13500 when divided by 10.

(c) Bonds Payable                                            300,000

            Cash                                                        300,000

Bonds’ maturity payment was done at $300,000


Related Questions

Firms that operate internationally are able to:
a. expand the market for their domestic products
b. realize location economies by dispersing individual value creation activities to areas where they can be performed most efficiently and effectively.
c. realize greater cost economies from experience effects
d. earn greater return by leveraging valuable skills
e. all of the above

Answers

B is the answer
Say thanks!

You are the county commissioner of hazard county. jeb brings a complaint before you that​ dwight's hog farm is creating a terrible odor. your first instinct is to tell the neighbors to work it out among themselves. the

Answers

The Coase Theorem supports private bargaining for externalities if property rights are clear. However, as more neighbors join, successful negotiation becomes harder due to increased transaction costs, often requiring government intervention for collective concerns.

The Coase Theorem supports the idea that private bargaining can resolve externalities, like the odor from Dwight's hog farm. It suggests that if property rights are well-defined, bargaining among affected parties can lead to an efficient outcome.

In this case, if Jeb has a recognized right to clean air, he could negotiate with Dwight to mitigate the odor issue. However, as more neighbors express similar complaints, private bargaining becomes challenging.

The theorem highlights that while private bargaining can solve issues when property rights are clear and parties are few, it becomes less effective when multiple stakeholders are affected, often necessitating government intervention.

complete the question

You are the County Commissioner of Hazard County. Jeb brings a complaint before you that​ Dwight's hog farm is creating a terrible odor.

Your first instinct is to tell the neighbors to work it out among themselves. The ______ (coase theorem or laffer curve or ricardo conjecture))provides theoretical support for private bargaining as an effective approach to______(externalize the surplus or internalize the exernality or treat all parties fairly with surplus).

Data gathered from trade journals, the census bureau, and specialized research firms is considered to be _____ data.

Answers

The answer on the blank is SECONDARY. Secondary data are those sources which is not from the original source. It is passed by the primary source in order to pass the information. Primary data are from the main source of the information.

Answer:

The answer is Secondary Data.

Explanation:

Data gathered from the trade journals, the census bureau and specialized research firms is considered to be the Secondary Data.

There are two types of data that are used in any research project. One is Primary data and the other is Secondary data. The data that is collected for only for the current research purpose is know as the first or the primary data. The data used in the project which is gathered for some other research project but can be used in this project as well, is know as the Secondary Data.

How is a line of credit different from a loan?

Answers

A line of credit is similar to a credit card in that it is a flexible borrowing solution. You can draw on this revolving loan simply by writing a check. you are also able to borrow any part of your credit line again once you have paid it off. 

A specific job title would be an example of a keyword

Answers

Answer:

T

Explanation:

Jim Walton perform services on credit for $2450 a debit for this transaction should be recorded to?

A. Accounts receivable
B. Cash
C. Revenue
D. Accounts payable

Need answer ASAP!!!

Answers

a) accounts receivable 

Hope this helped!

If a software package is purchased, consider a _____, which offers additional support and assistance from the vendor.​

Answers

If a software package is purchased, consider a supplemental maintenance package which offers additional support and assistance from the vendor. 


Supplemental maintenance with assist in future issues while using the software. These can range from not working correctly or just needing a few tips on how to use the software. Most companies that sell software or electronics, offer these.

When choosing which foreign country to enter, a country will be less appealing when?

Answers

It is/was at war, it doesn't have the kind of financial sustenance you need.

At nick's bakery, the cost to make homemade chocolate cake is $3 per cake. as a result of selling three cakes, nick experiences a producer surplus in the amount of $19.50. nick must be selling his cakes for

Answers

Producer surplus is the difference between the amount a producer of a good receives and the minimum amount the producer is willing to accept for the good.

Cost to make 1 cake= $3

FIND SURPLUS PER CAKE
Surplus divided by 3 cakes
$19.50 ÷ 3= $6.50 surplus per cake

SALE PRICE OF CAKES
$3 cost + $6.50 surplus= $9.50

ANSWER: He must be selling his cakes for $9.50.

Hope this helps! :)

Labor force is the total number of workers both the employed and the unemployed
a. True
b. False

Answers

True. The definition of labor force is the people who are seeking to work or available to work, put in simple terms. The elderly, for example, are not part of the labor force because they are not in a condition to work. The labor force includes both unemployed and employed because you can still be fit to work without a job. The labor force is also called "workforce".

Hope this helps! Have a great day :)

Total cost of each activity divided by the total activity is the computation of

Answers

Calculate Activity Rates : Done by dividing the total cost for each activity by its total activity.

Hope this helps!

Transfer payments are not included in gdp calculations because

Answers

They get used up in making products....
Final answer:

Transfer payments are not included in GDP calculations because they do not represent the production of goods or services, but are simply a redistribution of funds from one group to another. GDP is a measure of actual economic activity, not wealth redistribution.

Explanation:

Transfer payments are not included in GDP calculations because they do not represent production of new goods or services. They are just re-allocations of money from one group (taxpayers) to another group (recipients). GDP, or Gross Domestic Product, is a measure of economic activity within a country. It includes all goods and services produced for market in an economy, including wages of workers and profits of businesses. However, transfer payments such as social security, unemployment benefits, and welfare payments are not included because they do not result from a new product being created or a service being performed.

For example, if a person receives $500 in unemployment benefits, this does not mean that the individual has produced $500 worth of goods or services. Rather, these benefits are a form of government redistribution, moving money from general taxes to individuals.

GDP is focused on tracking actual production and economic activity, not the redistribution of wealth or income. That is why transfer payments are not counted in GDP calculations.

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Aromatic wines are known as ________, which generally are consumed before meals as a digestive stimulant.

Answers

Aromatic wines are known as Aperitif, which generally are consumed before meals as a digestive stimulant. Although this is about wine, there are other drinks typically alcoholic that are considered Aperitif's. These drinks are mild in taste and help clear and cleanse your pallet before a meal. 

What insurance protects the value of your belongings

Answers

Landlord insurance I think

Answer:

property

Explanation:

Firms pursuing a differentiation strategy primarily seek to

Answers

To create higher customer perceived value than the value that competitors create.

Firms pursuing a differentiation strategy primarily seek to create higher customer perceived value than the value competitors create. The correct answer is option D.

Differentiation strategy focuses on offering unique products or services that stand out from competitors, which can justify a premium price. This approach aims to meet specific customer needs better than competitors, enhancing customer loyalty and brand reputation.

Key Elements of Differentiation:

Unique Features: Products often include innovative features, superior quality, or exceptional service that competitors do not offer.Customer Experience: Emphasizes enhancing the overall customer experience, from the purchasing process to after-sales support, to create a distinct value proposition.

The complete question is:

Firms pursuing a differentiation strategy primarily seek to:

A) Keep their cost structures lower than that of the cost leader.

B) Reduce the value gap to gain a competitive advantage.

C) Provide products that are a direct imitation of the competitors’ products

D) Create higher customer perceived value that the value competitors create.

A _____________ allows a person to borrow on the paid-up value of a home. question 11 options:
a.conventional mortgage
b.vendor-take-back mortgage
c.home equity line of credit
d.split mortgage

Answers

C. home equity loan
hope this helps 

The term structure of interest rates is influenced by

Answers

cash rates probaly.I am going to assume

The role of profits in the model of perfect competition is to
a. determine which firm is the best firm in the industry.
b. make it worthwhile for people to invest in the company.
c. set the optimal price.
d. signal entrepreneurs to enter the industry.

Answers

The role of profits in the model of perfect competition is to signal entrepreneurs to enter the industry. 

If you are trying to decide if starting a business and entering the industry is a good idea, seeing others make money will encourage you to do so. Seeing a high profit return on your potential work is helpful when deciding to enter or not. If you saw no profit, it's likely entering the industry wouldn't be a good idea. 

A ____ is a product that consists of primarily intangible attributes

Answers

service is a product that consists of primarily intangible attributes. 

Intangible means something you can not touch because it lacks the physical nature like an object (good).  A service has value like a good but no presence. 

Examples of intangible products/services are a travel agent, insurance, education and healthcare, along with many more. 

________ is the centralized policy-based management of all information required for access to corporate systems by people, machines, programs, or other resources.
a. meta-directory service
b. identity management
c. meta-identity management
d. directory service

Answers

Answer:

The answer would be b) identity management

Explanation:

Identity management is used to authenticate users and to determine if they are authorized to access specific systems. Identity management operates by linking user rights and constraints with recognized identities.  Identity management ensures that only authorized users can access to organizational systems while those without access are restricted.  

Which of the following indicates areas where heat is lost in a building’s envelope?

cracks and doors
walls and molding
windows and walls
windows and doors

Answers

windows aqnnd doors is the correct answer

Dividing a stock's current price per share by the issuing company's earnings per share results in

Answers

Price per share / Earnings per share = Price-Earnings Ratio
Price-Earnings Ratio shows how much the investors are willing to pay per earnings for the company. For example, if the P/E Ratio is 15 suggests that the investors of a stock is willing to pay $15 per $1 of earnings of the company may produce over the year.
Dividing a stock’s current price per share by the issuing company’s earnings per share results in the price-earnings ratio. Price-earnings ratio = price per share / earnings per share. The price per share is how much each share of stock costs to purchase. The earnings per share is how a company can see if they are profitable now and in the future.

To derive net domestic product (ndp) from gross domestic product (gdp), we must subtract ________________ from gdp.

Answers

To derive net domestic product (NDP) from gross domestic product (GDP), we must subtract depreciation from GDP.

Depreciation is the reduced value of an asset over time, wear and tear on the asset. Cars, machines, equipment are examples of items that depreciate over time. 

Answer:

Depreciation

Explanation:

To derive net domestic product ( NDP ) from gross domestic product ( GDP ) you will have to subtract the depreciation from the GDP.

NDP is used to account for the capital that was consumed by the people over the year in the form of basic amenities like housing and liabilities like automobiles and other form of accessories and to calculate this we will have to remove the depreciation value of this consumed goods from the gross domestic product of the country over the same year. while GDP is the overall market values of goods and services produced usually within a year.

depreciation is the reduction in value of goods and services or the reduction in value of an good bought over time due to certain conditions like wear and tear.

Bill owns a company (Bill's Gates) that manufactures fence panels. Bill's Gates had a gross profit margin last quarter of 33%. Which of the following actions would allow Bill to increase his gross profit margin this quarter, assuming he sells the same number of fence panels?




A. Increase the price per panel.
B. Decrease the price per panel.
C. Spend more on labor and production.
D. Spend less on labor and production.

Answers

I would say he could increase the price per panel. 

The action undertaken by Bill to increase his gross profit margin this quarter, assuming he sells the same number of fence panels is to Increase the price per panel. Thus, option A is correct.

What is Gross Profit Margin?

The gross profit margin indicates how much money your company generated after deducting the actual costs of conducting business, which might include labor, materials, and other direct production costs. It is one of three primary profitability measures, along with the operating profit margin and net profit margin.

Price increase: If he sells the same amount of fence panels, his profit margin WILL GO UP because his revenue will go up.

He has a fence panel manufacturing firm called Bill's Gates. Last quarter, Bill Gates' gross profit margin was 33%. Bill's approach this quarter to enhance his gross profit margin, assuming he sells the same amount of fence panels, is to raise the price per panel. As a result, option A is correct.

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Cognitively selecting sorting and organizing sensory information is called

Answers

Cognitively selecting sorting and organizing sensory information is called perception.
The term perception denoted the ability of human to recognize and interpret sensory stimuli, to see, hear, or become aware of something through the senses. 
Cognitively selecting sorting and organizing sensory information is called perception. Perception refers to how each person sorts information and situations cognitively. Since each person individually sorts information, one persons perception of something is not going to be the same as how another person percepts a situation to have occurred. 

Mr. gonzales wants to help fellow farmers in his community, but he is not interested in making a personal profit. his main goal is to join with other farmers so they can have better bargaining power when purchasing supplies.

Answers

Not 100% sure what the question is, but it sounds like Mr. Gonzales is forming a union.

This is a process in which a company buys out or merged with competing companies.

Answers

horizontal integration

3. If the typical balance on Lucy's credit card is $650 and the interest rate (APR) on her credit card is 18%, how much in interest would you expect Lucy to be charged in a typical month?
About $80.86
About $9.75
About $14.15
About $6.67
About $51.74

Answers

The answer is about $6.67
The answer would be about $6.67

Many people over 50 join the aarp (american association of retired persons) in order to enjoy the discounts provided to its members. this is an example of which type of incentive?

Answers

This is an example of "Economic incentives".

Economic incentives refers to the what that motivates you to carry on positively, while inclinations are your needs, needs and wants. It give you the inspiration to seek after your inclinations. 
How about if we look at a fundamental case. Suppose you need money. You are roused to work since you will be paid, which will enable you to accomplish your inclination for gathering money. Obviously, Economic incentives debilitate conduct. Assessments are a prime case of disincentives since they make items and administrations more costly.

Subchapter S corporations often do business in foreign countries.

True
False

Answers

I believe that is false, they don't often do business in foreign countries.

Answer:

that is easy

Explanation:

its false

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