Answer:
Dr Bonds payable $90,300,000
Dr loss on early redemption of bonds $5,106,000
Cr Discounts on bonds payable $3,300,000
Cr Cash $92,106,000
Explanation:
The amount of cash paid to bondholders by calling the bonds is the 102% of the face value of $90.3 million i.e $90.3*102%=$92,106,000
The proceeds would debited to cash while the face value of the bond of $90.3 million would be debited to bonds payable account.
In addition the remaining discount of $3.3 million would credited to discounts on bonds payable account.
The loss or gain on the bond call can then be determined as appropriate.
Answer: FASB ACS 310-10-50-2: “Receivables—Overall—Disclosure—Accounting Policies for Loans and Trade Receivables.
Explanation:
For the purposes of establishing standard frame of referencing for for items such as articles, textbooks, and other similar items, the FASB uses an 8 digit codification cititation format that works in the following way.
i. Topics — FASB ASC 310 to access the Receivables Topic
ii. Subtopics — FASB ASC 310-10 to access the Overall Subtopic of Topic 310
iii. Sections — FASB ASC 310-10-15 to access the Scope Section of Subtopic 310-10
iv. Paragraph — FASB ASC 310-10-15-2 to access paragraph 2 of Section 310-10-15"
The specific eight-digit Codification citation that describes the information about loans and trade receivables that is to be disclosed in the summary of significant accounting policies is,
FASB ACS 310-10-50-2: “Receivables—Overall—Disclosure—Accounting Policies for Loans and Trade Receivables.
The specific eight-digit codification citation should be FASB ACS 310-10-50-2.
Here FASB applied an 8 digit codification citation format that works in the following way.
i. Topics — FASB ASC 310 to access the Receivables Topic
ii. Subtopics — FASB ASC 310-10 to access the Overall Subtopic of Topic 310
iii. Sections — FASB ASC 310-10-15 to access the Scope Section of Subtopic 310-10
iv. Paragraph — FASB ASC 310-10-15-2 to access paragraph 2 of Section 310-10-15"
Learn more about receivables here: brainly.com/question/24509758
Answer:
1.5 years
Explanation:
The number of years for reaching the target value, it will be computed using the excel formula which is as:
=Nper(Rate,pmt,pv,fv,type)
where
nper is number of years
rate is 33%
Pmt is monthly payment which is $0
pv is present value which is -$11,000
fv is future value which is $17,200
type is 0
So, putting the values above:
=Nper(33%,0,-11000,17200,0)
=1.5 years
Therefore, the number of years it will take to reach the amount of $17,200 from investing $11,000 today is 1.5 years.
Answer:
1) ROI= 20%
2) ROI=15%
3) ROI = 35%
Explanation:
ROI is the proportion of capital invested that is earned as net operating income. It calculated as
Return on Investment = Net income/Average operating asset
= 150,000/750,000 × 100 = 20%
2.
ROI with a 50% increase in sales and 200% increase in average assets
ROI = (150%× 150,000)/(200%× 750,000)× 100= 15%
3.
ROI wth a 1,000,000 increase in sales
ROI = ( 150,000+200,000)/(250,000+ 750,000)× 100=35%
Answer
1) ROI= 20%
2) ROI=15%
3) ROI = 35%
The company's ROI for the different scenarios were calculated to be 20%, 60% and 35% respectively.
The Return on Investment (ROI) can be calculated by dividing the Net Operating Income by the Average Operating Assets and is typically expressed as a percentage. ROI = (Net Operating Income / Average Operating Assets) × 100
For Requirement 1, with a Net Operating Income of $150,000 and Average Operating Assets of $750,000, the ROI is (150000/750000) × 100 = 20%.
For Requirement 2, if sales and Net Operating Income increase by 50% and 200% respectively, with no increase in Average Operating Assets, the new Income becomes 150,000 * 3 (because of the 200% increase) = $450,000. Therefore, the new ROI becomes (450000/750000) × 100 = 60%.
For Requirement 3, if sales increase by $1,000,000, requiring an increase in Average Operating Assets by $250,000, with a resulting $200,000 increase in Net Operating Income, the new Net Operating Income becomes $150,000 + $200,000 = $350,000 and the new Average Operating Assets becomes $750,000 + $250,000 = $1,000,000. Therefore, the new ROI becomes (350000/1000000) × 100 = 35%.
#SPJ12
b.Meteor
c.Cash cow
d.Shiner
e.Top dog
Answer:
It is Star (B)
Explanation:
Option (a) True. Star is a product with high relative market share in a high growing market . This product is full of potential but require more investment and spending in the areas of advertising,innovation and market research in order to maintain its market leadership position. Hence, it might be cash neutral at this stage.
In the long-run, it will eventually turns to cash cow in the portfolio if we can sustain its position.
Option(b) Meteor. False. This does not exist in product portfolio matrix.
Option (c) Cash cow. False.
This product has a large relative market share in a stagnating (mature) market, profits and cash flows are expected to be high. Because of the lower growth rate, investments needed should also be low.
Hence, they typically generate cash in excess of the amount of cash needed to maintain the business and this ‘excess cash’ is supposed to be ‘milked’ from the Cash Cow for investments in other business units (Stars and Question Marks). Cash Cows ultimately bring balance and stability to a portfolio.
Option (d) Shiner. False .It does not exist
Option (e) Top dog. It is a product with low relative market share in a stagnant market.
Answer:
Pension liability at December 31, 2017 is ($229,700)
Explanation:
Projected benefit obligation $561,600
Less: Plan assets $331,900
Pension liability at December 31, 2017 -$229,700
b) Evaluate independence matters not addressed in the code of professional conduct.
c) understand the rules on the confidential client information and acts discreditable to the profession.
d) more easily interpret conflicts of interest and subordination of judgement by a member.
Option C is the correct answer. The AICPA's conceptual framework for independence is utilized or used to assess any challenges to members' independence.
Litigation, adverse interest between or among the CPA firm and the client, self-interest, familiarity outcoming in a financial benefit result to the CPA firm, CPA firm owning stock in the client's firm, and so on are all examples of threats
In the new AICPA Code, two conceptual frameworks;
The conceptual framework strategy is one manner in which warnings to completely comply with rules originating from a specific link or condition that are not covered by the code can be;
Therefore, Option C) "Understand the rules of confidential client information and professional misconduct." is the correct answer.
To know more about these frameworks, click below:
Members should use the AICPA conceptual framework for independence to understand the rules on the confidential client information and acts discreditable to the profession.
Option C
Explanation:
Two conceptual frameworks, one each for participants in public accounting and one for participants in the sector, represent a major change to substance in the updated AICPA Code.
In all of these two implementation frameworks, the conceptual framework strategy is one way in which warnings to fully comply with rules arising from a specific connection or circumstance which are not covered by the code can be identified, assessed and addressed.