Answer:
Bridgeport Corporation
Journal Entries:
(a) December 31, 2021.
Debit Interest on Debentures $149,600
Credit Cash $149,600
To record the interest expense and payment for the six months.
Debit Debentures Premium $3,740
Credit Interest on Debentures $3,740
To record the amortization of the debentures premium.
(b) January 1, 2022.
Debit Debenture $374,000
Credit Common Stock $299,200
Credit APIC $74,800
To record the conversion of debentures to shares.
(c) March 31, 2022.
Debit Debenture $374,000
Credit Common Stock $299,200
Credit APIC $74,800
To record the conversion of debentures to shares.
Debit Interest on Debentures $67,320
Credit Interest Payable $67,320
To accrue interest for the quarter.
Debit Debentures Premium $1,870
Credit Interest on Debentures $1,870
To record the amortization of the debentures premium for the quarter.
(d) June 30, 2022.
Debit Interest on Debentures $59,840
Credit Interest payable $59,840
To accrue interest for the quarter.
Debit Debentures Premium $1,870
Credit Interest on Debentures $1,870
To record the amortization of the debentures premium for the quarter.
Debit Interest Payable $127,160
Credit Cash $127,160
To record payment of interest for the six months.
Explanation:
a) Data and Calculations:
Issue of 10-year 8% Convertible Debentures at 102 = $3,814,800 (Cash)
Debenture premium $74,800
Half-yearly premium amortization = $74,800/20 = $3,740
Face value = $3,740,000
b) Interest on Debenture = $3,740,000 * 8% * 1/2 = $149,600
c) $374,000 debentures converted into 8 shares for every $1,000.
= $374,000/1,000 * 8 = 2,992 shares at $100 par value
d) Interest on Debentures ($3,740,000 - $374,000) * 8% * 1/4
= $3,366,000 * 8% * 1/4 = $67,320
Plus
$3,366,000 - $374,000 * 8% * 1/4 = $59,840
Total interest = $127,160
Determine whether the outcome is a Type I error, a Type II error, or a correct decision.
A test is made of H0: m = 45 versus H1: m is not equal to 45. The true value of m is 45, and H0 is not rejected.
Correct Decision
Type II
Type I
The true value of m is 45, and H0 is not rejected, than the correct decision is Type II.
condition:-
H0: m = 45 VS H0: m ≠ 45
The true value of m = 45
H0 is not rejected, & H0 is not rejected.
∴ here we not reject the when H0 is not true hence is is a type II error.
H0 is rejected.
∴ Here we reject the H0 when H0 is true hence it is a type I error
A type II error occurs if one fails to reject the null hypothesis when the alternative is True.
A type I blunders is a fake high-quality end, whilst a kind II errors is a false bad conclusion. making a statistical decision always includes uncertainties, so the risks of creating those mistakes are unavoidable in speculation trying out.
A type I error is a type of fault that takes place throughout the hypothesis checking out process when a null hypothesis is rejected, although it is correct and must no longer be rejected.
Decision error confer with the probability of creating a wrong conclusion while doing hypothesis checking out. when a researcher sets out to do a examine, she usually has a speculation, or a prediction of what she thinks the effects will be.
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with an example, explain why a substantive disagreement may never be resolved
A substantive disagreement can never be resolved because of the differing opinions of the people involved.
What is a substantive disagreement?It is a disagreement between two or more people.It is a disagreement between people with different opinions and points of view on the same subject.If the people involved in the substantive disagreement are quite sure that their views are correct, that substantive disagreement can never be resolved, because none of the people involved will surrender to their opponents' point of view.
An example of this is two people arguing over whether the best pet is a cat or a dog, and each person wants to defend one of those animals.
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ENG-114-02E-2022SP-Prof Research & Reporting
ENG-114-02E-2022SP-Prof Research & Reporting involves teaching professional communication skills.
What is Communication?This is the act of exchanging information through different types of medium such as writing etc.
The course above is taught with the use of articles reviewed by peers for as better understanding of how to communicate better in this type of scholarly environment.
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Which of the following is true regarding images on a website?
Use HTTPS:// and not HTTP:// of the following is true regarding images on a website's structure and navigation.
Option B) Whenever possible, use HTTPS:// and not HTTP:// when creating new web pages.
Images Grab Attention and Evoke Emotions
Images are an easy way to improve the user experience of your website. 90% of all the information we perceive and transmit to our brain is visual. Images help grab attention and guide the visitor's eye.
Choosing high-quality images that are interesting, high resolution, and appropriately sized will make your site look more professional. Avoid images that can be easily ignored, such as B. Blurry or too small images.
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Disclaimer: The question was incomplete. Please find the full content below.
Question
Which of the following is true regarding images on a website's structure and navigation?
A) A website’s structure should be at least five layers.
B) Whenever possible, use HTTPS:// and not HTTP:// when creating new web pages.
C) It is best to have several pages that are not internally linked.
D) A higher bounce rate typically leads to more conversions.
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A company has Liabilities of $23,500 and Stockholders’ Equity of $56,500. How
much does the company have in Assets?
Answer: 80,000
Explanation:
Assets = Liabilities + Stockholders' equity = $23,500 + $56,500
The company's assets, an orchestra of resources and potential, amount to $80,000.
Liabilities: Liabilities are the financial footprints that a company leaves behind, representing the promises made to others to repay debts and fulfill obligations.
Stockholders' Equity: Stockholders' equity embodies the company's heart and soul, reflecting the collective contributions of its owners and shareholders, ultimately shaping the residual value that belongs to them.
Assets: Assets are the vibrant lifeblood coursing through a company's veins, encompassing all the resources it possesses, both tangible and intangible, that fuel its potential for growth and prosperity. They are the seeds of future possibilities that blossom into success.
Calculating the company's total assets, by using the accounting equation:
Assets = Liabilities + Stockholders' Equity
Assets = $23,500 + $56,500
= $80,000
Therefore, the company has $80,000 in assets.
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Given the true/false statements are true (facts), select the best logical induction made from those statements:
Betsy likes oranges. Jose does not like oranges. Benjamin likes oranges.
a. People only like oranges
b. People like apples and oranges
c. People like all fruit
d. People do and do not like oranges
The best logical induction that can be made is d. People do and do not like oranges.
What is logical induction?This refers to making a generalization about a population based on individual pieces of information about the population's members.
Betsy and Benjamin like oranges but Jose does not. This means that people can either like or dislike oranges.
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In the economy of Wrexington in 2008, consumption was 60% of GDP, government purchases were $212, imports were $67 and 67% of the value of exports, investment was one-half of the value of consumption. What was Wrexington’s GDP in 2008?
Based on the consumption, investment, imports and exports, the GDP for Wrexington in 2008 was $2,450
How much GDP did Wrexington have?The exports were:
= 67 / 0.67
= $100
The GDP is x:
GDP = Consumption + Government spending + Investment + Net exports
x = 0.6x + 212 + (0.6 x 0.5 × x) + (100 - 67)
x = 0.9x + 245
0.1x = 245
x = $2,450
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D
Question 23
According to John Maynard Keynes, when government invests one
billion dollars into the economy what should occur? (Standard 4.3)
2 pts
O The one billion dollars will have an impact greater than one billion dollars due
to the multiplier effect.
O Consumer spending should decrease by one billion dollars.
O I have no idea what the answer is.
O The government should adjust the tax levels in order to gain addition funds to
pay for the investment.
O The government's action should slow down economic activity.
John Maynard Keynes believed that The one billion dollars will have an impact greater than one billion dollars due to the multiplier effect.
What did John Maynard Keynes believe?Keynes was a major advocate for the government spending money in the economy to induce economic growth.
He believed that there was a multiplier effect that would lead to any amount the government invested in the economy, having a greater impact than this investment.
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ASAP I WILL GIVE BRAINEST
A good theory is hard to understood, while simple enough to capture the key features of the object or situation being studied.
True
False
Events that occur locally, or nationally, impact the rest of the consumers and producers in this country.
True
False
Microeconomics and macroeconomics are not separate subjects, but rather complementary perspectives on the overall subject of the economy.
True
False
Most real-world industries will either be a perfect competition or a monopoly and will not fall in the middle ground of market structures.
True
False
Based on economic theory, the true and false statements on the economy are:
True:
Events that occur locally, or nationally, impact the rest of the consumers and producers in this country.Microeconomics and macroeconomics are not separate subjects, but rather complementary perspectives on the overall subject of the economy.False:
A good theory is hard to understood, while simple enough to capture the key features of the object or situation being studied.Most real-world industries will either be a perfect competition or a monopoly and will not fall in the middle ground of market structures.What is the economy like?In order to explain the economy, economists turn to economic theory which are to be easy to understand and complex enough to capture the key things that are being studied.
Industries in the real world are often not fully purely competitive or a monopoly but instead fall somewhere in the middle.
Microeconomics and macroeconomics are not different but instead focus on different perspectives of an economy and therefore help explain how a local or national event can affect an entire nation.
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Cogswell cola purchased a machine for $237,500. The firm paid another $5,750 for delivery and installation. In addition the firm will have to hire another employee and pay them $50,000 per year to run the machine. What is the initial outlay for this machine?.
Based on the cost of purchasing the machine and the delivery and installation fees, the initial outlay is $243,250
How much is the initial outlay?This can be found as:
= Cost of purchasing machine + Installation and delivery cost
Solving gives:
= 237,500 + 5,750
= $243,250
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20pts
Income and education both represent which type of market segmentation?
O A demographic
OB. psychographic
OC. polygraphic
O D. metrographic
Answer:
Demographic
Explanation:
Income range and education levels can both be used as targeted demographics.
Part 1: Describe the following in 175 words: • 2 of the main risks of entrepreneurship and small business ownership
Solomon Ski Company manufactures snow skis. During the most recent accounting period, the company’s finishing department transferred 4,150 sets of skis to finished goods. At the end of the accounting period, 480 sets of skis were estimated to be 50 percent complete. Total product costs for the finishing department amounted to $285,350.
Required
Determine the cost per equivalent.
Determine the cost of the goods transferred out of the finishing department.
Determine the cost of the finishing department’s ending work in process inventory.
The various costs for Solomon Ski Company during the recent accounting period are determined as follows:
1. Cost per equivalent unit is $65.
2. Cost of finished goods transferred out from the finishing department is $269,750.
3. Cost of the ending WIP inventory is $15,600.
What is the cost per equivalent unit?The cost per equivalent unit refers to the average cost per unit based on the total production costs divided by the total equivalent units of production.
The equivalent units of production depend on the degree or percentage of completion for the various cost classes.
Data and Calculations:Transfer to finished goods = 4,150
Ending inventory = 480
Degree of completion of the ending inventory = 50%
Total equivalent units = 4,390 (4,150 + 480 x 50%)
Total production costs = $285,350
Cost per equivalent unit = $65 ($285,350/4,390)
Cost of finished goods = $269,750 ($65 x 4,150)
Cost of the ending WIP = $15,600 ($65 x 240)
Thus, equivalent units refer to the degree of work completed per unit.
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If a project costing $92000 has a profitability index of 1 and the discount rate was 12%, then the present value of the net cash flows was
a. undeterminable.
b. less than $92000.
c. $92000.
d. greater than $92000.
The present value of the net cash flows was $92,000.
Given,
Project costing = $92000
Profitability index = 1
the discount rate was 12%
The profitability index (PI) quantifies the allure of a project or investment.
The present value of anticipated future cash flows is divided by the project's initial investment to determine the PI.
A PI of at least 1.0 is considered to be a decent investment, with higher levels indicating more alluring projects.
Using the Profitability index formula,
Profitability index = Net Present value of cash inflows / Initial Investment
1 = Present value of cash inflows / $92,000
Present value of cash inflows = $92,000
Hence, the present value of the net cash flows was $92,000.
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on october 1 a client pays a company the full 12000 balance of a year long contract. Using the accrual method what is the unearned revenue as of December 31
Based on the amount the client paid on October 1, the unearned revenue as at December 31 is $9,000.
How can the unearned revenue be found?First, find the monthly revenue:
= 12,000 / 12
=$1,000
From October 1 to December 31 is 3 months so 3 months of revenue has been recognized.
Unearned revenue is:
= 12,000 - (3 x 1,000)
= $9,000
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Suppose that the federal budget is balanced when GDP is at potential GDP. If equilibrium GDP falls below potential, please explain how and why government transfer payments would change; how and why tax receipts would change; how and why the budget would change.
The federal budget is the difference between the income of the government and its expenditure as illustrated in the GDP.
How to explain the information?The income of the government is tax revenue and when expenditure is more than the income, the budget is said to be in deficit. Potential GDP is the maximum GDP that an economy is able to produce with the given level of resources in the long run. In times of recession, the actual GDP is less than the potential GDP, which means the output produced is less than the capability of the economy.
Inn such periods, GDP is low, unemployment is very high and aggregate demand is also very low. When the economy is in recession, the income of the people falls and thus, the tax they pay out of their incomes also falls. Therefore, the tax receipts fall due to a fall in income.
On the other hand, in recessions, the government uses expansionary fiscal policy which directly injects money by either increasing government spending or reducing the tax rate. Therefore, when the tax rate falls, the tax revenue or tax receipts fall. The government spends money on the public to increase social welfare.
The budget of the government is the difference between tax receipts and transfer payments. When the tax receipts fall and transfer payments rise. Thus, the budget of the government falls and the federal budget is said to be in deficit.
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why are professions important?
what systems are available and specifically the financial benefits iy holds for the user and owner.
Answer:
A financial management information system generates data that recipients find to be relevant to their decision-making and reporting processes.
while you were assessing shift lead touch points you noticed that the. temperature on the cold line ingredients temperature is 41°f . what should you do
Answer: lower temp
Explanation:
In a situation where an assessment shift lead touchpoints have been noticed to have a temperature on the cold line ingredients' temperature is 41 degree Fahrenheit, it is advisable for the tester to lower the temperature of the test.
What is the significance of temperature?Temperature of an assessment can be referred to or considered as the amount of measurable heat or coldness present in a constrained environment, which is the area of study of an assessee. Cold line ingredients shall not exceed a temperature of above 5 degrees Celsius.
In a situation where the temperature of the cold line ingredients exceeds a clock of 5 degrees Celsius, it is advisable to lower the temperature and bring the temperature to as cooler environment as possible to make the environment suitable for an assessment.
Therefore, the significance regarding the temperature of cold line ingredients has been aforementioned.
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Instructions: Enter your answers as whole numbers.
A. 90, 000 B. 90, 000 C. 90, 000 D. 90, 000. Since the the Spanish consumers are indifferent between the domestic and imported product, hence, demand and supply remain constant at same price, €1 per cap.
What is Supply?In economics, supply is the amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual. Supply can be in produced goods, labour time, raw materials, or any other scarce or valuable object.
Therefore, the correct answers are as given above.
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All else held constant, which of the following will decrease the allocation to the risky asset?
An increase in the expected return of the risky asset
An increase in risk aversion
An decrease in the volatility of the risky asset
A decrease in the risk-free rate
Same question but for increase the allocation of the risky asset
Answer:
an increase in risk aversion
Explanation:
This would cause a decrease in allocation to “risky” investments… at least that’s what we learned in MGT1104, for #2, not sure, would either be decrease in volatility or increase in exp. Return
how lack of planning can affect getting the job done as a hospitality supervisor?
The lack of planning can affect getting the job done as a hospitality supervisor as it can bring about high risks.
What is planning?It should be noted that planning simply means the stores that are put in place to achieve a desired goal.
In this case, the lack of planning can affect getting the job done as a hospitality supervisor as it can bring about high risks in the company.
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Discuss how you will use the "8-Step process
to critical thinking" in your personal and
professional life. Provide examples to
support your answers
I will use the "8-Step process to critical thinking" in my personal and professional life in many ways.
What is the "8-Step process to critical thinking"?The "8-Step process to critical thinking" includes the following categories:
ReflectionAnalysisInformation AcquisitionCreativityStructuring argumentsDecision makingCommitmentDebate.The 8-step process involves a process of identifying, observing, describing, questioning, researching, establishing, responding, and sharing knowledge to achieve life improvements.
In my personal and professional life, I need to seek knowledge, information, and understanding to enhance the application of concepts and innovations to living and work.
After acquiring the required information, I will carry out a critical analysis and synthesis before taking action. Results obtained from my actions must be reflected upon to provide guidance for future activities.
Thus, the "8-Step process to critical thinking" will remain useful in my personal and professional life.
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Suppose that you run a bank and you decide to merge with a financial services company so that you can offer your customers stocks as well as simpler investment tools, such as checking and savings accounts. When the merger occurs, you will have to restructure your company so that you don’t have duplicate efforts and so all of the employees in the new company have clearly defined work goals. This is an example of ---________, because you will move the company from an old state to a new state during a controlled period of time.
This is an example of change management because you will move the company from an old state to a new state during a controlled period of time.
What is change management?It should be noted that change management is the approach to transition of the goals of an organization for a period of time.
In this case, when the company move the company from an old state to a new state during a controlled period of time, the change management is illustrated.
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For a professional athlete, making money off of products that use their likeness is an example of what concept?
For a professional athlete, making money off of products that use their likeness is an example of Name, Image, and Likeness deals.
What are name, image, and likeness deals?Name, image, and likeness deals are commercial endorsements that give publicity to professional and college athletes, who lend their names, images, and likeness to companies to leverage for their product brands.
Using marketing and promotional endeavors, companies can use the athlete's name, image, and likeness to create customer-attractive brands for their products.
These deals provide opportunities for the athletes to make money by permitting the business entities to use their name, image, and likeness to market and sell products.
Thus, while the agreements are called “NIL” deals, professional athletes use them to make money.
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The Myers-Briggs Type Indicator (MBTI) is a popular personality test that is also ___________.
Select one:
A.
reliable
B.
valid
C.
comprehensive
D.
All of these
E.
None of these
The Myers-Briggs Type Indicator (MBTI) is a popular personality test that is also D. All of these.
What is the usefulness of Myers-Briggs Type Indicator?Myers-Briggs Type Indicator serves as a tool that gives individuals the understanding of their own communication preference.
It should be noted that Myers-Briggs Type Indicators are:
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The Myers-Briggs Type Indicator (MBTI) is a popular personality test that is also option D. all of the above. Read below about Myers-Briggs Type Indicator
What is Myers-Briggs Type Indicator?The Myers-Briggs Personality Type Indicator is a self-report inventory designed to identify a person's personality type, strengths, and preferences. The questionnaire was origibated by Isabel Myers and her mother Katherine Briggs in connection to their work with Carl Jung's theory of personality types.
Therefore, the correct answer is as given above. Option D. all of these is the correct answer.
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calculate the break even sales dollars if the fixed expenses are $7000 and the contribution ratio is 40%?
Explanation:
break even points is the situation where thier is no profit or loss
the formula for break even point is fixed cost divided by contribution
break even = fixed cost
_________
contribution
fixed cost = $7000
contribution = 40%
= 7000/40
= 175
Break even points is the situation where their is no profit or loss. The break-even sales in dollars is $17500.
Determine the volume of output or a specified ideal sales mix by performing a break-even analysis. As the meter and computations are not used by other parties like investors, regulators, or financial institutions, the study is exclusively for a company's management to use.
The formula for break even point is fixed cost divided by contribution.
Given,
Fixed cost = $7000
Contribution = 40%
Break-even sales = $7000/40%
= $17,500
Therefore, $17500 is the break even sales dollars.
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What is principle of management?
Answer:
principal of management is Techniques are procedures or methods, which involve a series of steps to be taken to accomplish the desired goals. Principles of management are broad and general guidelines for decision-making behaviour.
Question 4 of 20
A company has a net sales revenue of $250,000. Its cost of goods sold is
$180,000. Using vertical analysis, what percentage of its revenue is spent on
its goods?
OA. 1.30%
OB. 13%
OC.7.20%
OD. 72%
A measure of the burden of continual deficit financing over time is the ratio of:.
A measurement of the burden of continual deficit financing over time is the ratio of the debt to the GDP.
Budget DeficitA budget deficit emerges when costs exceed revenue, and can indicate the financial health of a country. The government normally uses the period budget deficit when referring to spending rather than firms or individuals. Accrued deficits form national debt.
One of the direct risks of a budget deficit is inflation, which is the constant boost of price levels. In the United States, a budget deficit can compel the Federal Reserve to release more money into the economy, which feeds inflation.
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