The journal entry for the retirement of bonds will affect a debit to Bonds Payable and Premium on bonds payable accounts for an amount of $400,000 and $12,000 respectively; and a credit in the balances of Cash and Gain on retirement of bonds accounts for a sum of $408,000 and $4,000 respectively.
What is journal entry?The systematic manner of record-keeping of financial transactions in a business in the chronological order of their occurrence is known as a journal entry. A journal entry has an equal amount of debit and credit effects.
Hence, the significance of a journal entry has been aforementioned.
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Why can a credit union lend money to members at reduced rate
Answer:
Credit unions are able to offer lower rates compared to traditional banks because of their business structure. Most banks are for-profit companies, meaning they reinvest their income to earn more profit or they pay it out to shareholders. Banks are also subject to federal and state income taxes.
A steam generation system at a biomassfueled power plant uses an electrostatic precipitator (ESP) to clean its gaseous effluents. The power plant has consistently made use of the same type of ESP over the past several years. The installed cost of a new ESP has been relatively constant at $80,000. Records of operation and maintenance expenses indicate the following average expenses per year as a function of the age of the ESP. The MVs of the ESP are also reasonably well known as a function of age. Determine the best time to replace the ESP if the MARR
is 15% per year
A steam generation system at a biomass-fueled power plant uses an electrostatic precipitator (ESP) to clean its gaseous effluents. the best time to replace the ESP is mathematically given as
EUAC3= 46377.48
What is the best time to replace the ESP if the MARR is 15% per year?Generally, the equation for the EUAC for the yrs of operation is mathematically given as
For Year 1
EUAC1 = 85000 * (A/P,9%,1) + 25000 - 63000 * (A/F,9%,1)
EUAC1 = 54650
Solving till year 5
EUAC2= 46525.60
EUAC3= 46377.48
EUAC4= 48730.91
EUAC5= 50730.79
In conclusion, the best time to replace the ESP if the MARR is 15% per year will be at the EUAC3= 46377.48 since EUAC is the lowest at that year.
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On June 1, Barlow Inc. performed services and billed its client, Bertram Enterprises $1,500. On June 9, Bertram paid the account in full. The combined effect of these two transactions on Bertram’s tabular analysis is:
The effect of these two transactions is that, Bertram liability towards the payment of the amount of bill will decrease on June 9.
What is bill?A bill is defined as an instrument that is given to another person as a proof of purchase, and it also denotes that how much the amount would be paid by one person to another.
On June 1, Barlow Inc. completed work for Bertram Enterprises and billed them $1,500. Bertram paid the account in full on June 9th.
Bertram's tabular analysis is affected by the combined effect of these two transactions, are shown in the image below.
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Several coworkers of yours at the local swimming pool have been taking snacks from the snack bar without paying. This is an example of:
O property deviance.
O production deviance.
O personal aggression.
O political deviance
This is an example of property deviance. Thus the correct option is (B).
What is production deviance?Production deviance is conduct that formally transgresses the established organizational standards on the minimal standard of quantity and quality of work that must be completed in order to perform one's duties.
The coworkers are wasting the resources of the company and as well as polluting the swimming pool by eating snacks. This is an appropriate example of property deviance.
Thus the correct option is (B).
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You have been asked to study the effects of an employee-wide training program, in a company of 500 employees, designed to reduce the amount of customer complaints. Describe how you would carry out the study, including the variable or variables you would collect, how you would measure those variables, and what would indicate success.
The effects of an employee-wide training program, will be done to improve the employee performance via good training programs.
What is the research about?The research method will be a qualitative research. In the work, we are going to analyze and understand and see the theoretical aspect and models linked to employee development via training and development programs, and the influence on employee performance.
The study will give a background about good training effectiveness and how it leads to boasting the employee performance as well as others.
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A chart of accounts lists the accounts and balances at a specific time.
True
False
A chart of accounts lists the accounts and balances at a specific time is the true statement, as it a digestible breakdown of all transactions.
What is a chart of accounts?chart of accounts is a list of all the accounting records in a company's general ledger. In a nutshell, it's an organizational tool that breaks down all of a company's financial transactions into subcategories and presents them in an easily understandable format.
Thus, it is a true statement.
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Pretty lady cosmetic products has an average production process time of 40 days. Finished goods are kept on hand for an average of 15 days before they are sold. Accounts receivable are outstanding an average of 35 days, and the firm receives 40 days of credit on its purchases from suppliers. Assume sales of $1,200,000 and cost of goods sold of $900,000. Determine the average investment in accounts receivable, inventories, and accounts payable. What would be the net financing need considering only these three accounts
Based on the sales, cost of goods, and days on average, the average investment of Pretty Lady Cosmetics is:
Average Receivables - $115,068.50.Average Inventories - $36,986.30.Average payables - $96,630.14.Net financing needs - $53,424.66.What are the average investments for Pretty Lady Cosmetic Products?The Average Receivables are:
40 days = Average AR ÷ (1,200,000/365)
= $115,068.50
The Average Inventories:
15 days = Average inventory ÷ COGS per day
15 = Average inventory ÷ (900,000 / 365)
= $36,986.30
The Average payables:
40 days = Average payables ÷ COGS per day
40 = Average payables ÷ (900,000 / 365)
Average payables = $98,630.14
Net financing needs:
= Average Inventories + Average Receivables - Average payables
= 115,068.50 + 36,986.30 - 98,630.14
= $53,424.66
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1. What industry forces might cause a propitious niche to disappear?
If the market contracts, due to internal or external factors, then the demand for the goods and services that the firm sells will fall and thus, a propitious niche will disappear. and, if the market expands, and the company fails to meet the increased demand, then also the propitious niche will vanish.