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Bond [772]
2 years ago
6

: A Notary Signing Agent decides to expand his business by offering new services. With respect to advertising, the NSA should av

oid
Business
1 answer:
enot [183]2 years ago
7 0

A Notary Signing Agent decides to expand his business by offering new services. With respect to advertising, the NSA should avoid advertising himself in a place that is already being occupied by another Notary and advertising himself during meetings. It is important for a new Notary Signing Agent to advertise himself and his services, but there is a proper way to handle any and all advertisements.

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On January 1, 2019, Lynch Company acquired 13% bonds with a face value of $50,000. The bonds pay interest on June 30 and Decembe
My name is Ann [436]

Answer:

1) CR Cash/Bank $51,229.35 , DR Bonds Receivable Account $50,000 and DR Premium on Bond Payable Account.

(2) Please see attached for Investment Interest Income Amortization Schedule

(3) Recording of Interest Received

June 30, 2019

CR Income statement (Interest Received) -$3,000, CR Premium on Bond Receivable $250

December 31, 2021

CR Income Statement (Interest Received) -$2915.44

Explanation:

(1) CR Cash/Bank $51,229.35 , DR Bonds Receivable Account $50,000 and DR Premium on Bond Payable Account.

(2) Please see attached for Investment Interest Income Amortization Schedule

(3) Recording of Interest Received

June 30, 2019

CR Income statement (Interest Received) -$3,000, CR Premium on Bond Receivable $250

December 31, 2021

CR Income Statement (Interest Received) -$2915.44

Download xlsx
5 0
2 years ago
Gore Global is considering the two mutually exclusive projects below. The cash flows from the projects are summarized below.
coldgirl [10]

Answer:

D

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Flying Car

Cash flow in year 0 = -$200,000

Cash flow in year 1 = 50,000

Cash flow in year 2 = 50,000

Cash flow in year 3 =80,000

Cash flow in year 4 =100,000

IRR = 13%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

7 0
2 years ago
For 2019, Bargain Basement Stores reported $11,500 of sales and $5,000 of operating costs (including depreciation). The company
Kamila [148]

Answer:

Economic Value Added (EVA) = $2,620

Explanation:

WACC = 11%

Capital = $20,500

Sales = $11,500

Operating cost = $5,000

Tax rate = 25%

EBIT = Sales - Operating cost

EBIT = $11,500 - $5,000

EBIT = $6,500

Economic Value Added (EVA) = EBIT (1 - T) - (WACC * Capital)

Economic Value Added (EVA) = 6,500*( 1 - 0.25) - (0.11 * $20,500)

Economic Value Added (EVA) = $4,875 - $2,255

Economic Value Added (EVA) = $2,620

5 0
2 years ago
The company's total assets are $40,000. The following is a listing of the company’s accounts and account balances as of December
galina1969 [7]

Answer:

Determine the balance of the Cash account.

$3,800 Cash

Explanation:

As the total assets it's $40,000 by difference it's possible to find the total balance of cash account.

There are 3 accounts which belongs to the asset part, Accounts Receivable, Supplies and Equipment, by difference with the total balance of Assets it's possible to find the balance of Cash.

$40,000  TOTAL ASSETS  

Minus

-$8,000   Accounts Receivable

-$2,000   Supplies

-$26,200 Equipment

$3,800    Cash

December 31, Year 3  

$3,800 Cash

$8,000 Accounts Receivable

$2,000 Supplies

$13,800  TOTAL CURRENT ASSETS  

$26,200 Equipment

$26,200  TOTAL NONCURRENT ASSETS  

$40,000  TOTAL ASSETS  

$8,000  Accounts Payable  

$0,000  Income Tax Payable  

$8,000  TOTAL CURRENT LIABILITIES  

$8,000  TOTAL LIABILITIES  

$17,000  Retained Earnings  

$15,000  Common Stock  

$32,000  TOTAL EQUITY  

$40,000  TOTAL EQUITY + LIABILITIES  

7 0
2 years ago
If the Land of Mercury had total exports of $150 billion and total imports of $234 billion, it had a A. comparative advantage B.
jek_recluse [69]

Answer: B : Trade deficit

If a land of Mercury had total exports of $150billion and total imports of $234billion, it had a "trade deficit".

Explanation:

Trade deficit can be termed an amount by which a country's costs of imports exceeds cost of exports. It is also known as negative balance of trade. Trade deficit is a term of trade that measures international trade.

Trade deficit is obtained by subtracting a country's export from its imports.

Mathematically :

Trade deficit = imports - exports

Trade deficit occurs when a country foreign debt is greater than what it produce for exports. Also when a country depends on another country for refinering their manufactured goods, such country will experience trade deficit.

It can be controlled by promoting constructions of refineries to process products, productions of raw materials for goods, improving exports and limiting imports.

3 0
2 years ago
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