Bonds Payable has a balance of $900,000 and Premium on Bonds Payable has a balance of $10,000. If the issuing corporation redeems the bonds at 103, what is the amount of gain or loss on redemption

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Answer 1

Based on the balance of Bonds Payable and Premium on Bonds, the amount of loss on redemption is $17,000.

How much does the company gain or lose on redemption?

The cash the company paid is:

= 900,000 x 103/100

= $927,000

The gain (loss) on redemption is:

= Bond carrying value - Cash paid

= (900,000 + 10,000) - 927,000

= -$17,000

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Related Questions

In terms of the goal - what is the formula for net profit?

Answers

Answer:

Deducting all company expenses from its total revenue

Filmmakers who formerly would have used 8mm or 16mm film turned almost wholly to digital media. one festival could only have emerged in the digital era that challenged amateurs to:________

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One festival could only have emerged in the digital era that challenged amateurs to make a short film in two days, with the results screened immediately.

Due to the emergence of new venues for access and the fact that digital era are not susceptible to the same wear and tear as analogue film elements, the digitalization of historical films has the potential to enable access on a amateurs that has never been achieved before. The industrial transition to digital technology has also resulted in declining demand for scanning equipment, which means that the window of opportunity for high-quality digitization of analogue films is already closing.

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With a reserve ratio of .5, an increase in deposits of $100 will result in an increase in money of _____.

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With a reserve ratio of .5, an increase in deposits of $100 will result in an increase in money of $100.

What is the relationship between the reserve ratio and money supply?

The reserve ratio and the money supply have an inverse relationship.

This implies that when the reserve ratio decreases, the money supply increases, and vice versa.

Data and Calculations:

Reserve ratio = 0.5 or 50%

Deposit = $100

Total money in the banking system = $200 ($100/0.5)

Increase in money supply = $100 ($200 - $100)

Thus, with a reserve ratio of .5, an increase in deposits of $100 will result in an increase in money of $100.

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More than one-third of the revenues in the texas budget each year come from federal dollars that flow into the state to be primarily used in which areas?

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More than one-third of the revenues in the Texas budget each year come from federal dollars that flow into the state to be primarily used in areas that include grants, payments, and reimbursements.

The Texas budget includes federal funds for programs for public assistance. Direct payments to people from the federal government. Vendor payments for completing federal contracts wages given to federal workers who are employed in the state.

Tax receipts, license fees, federal assistance, and investment returns provide for the majority of revenues. Spending on government salaries, transportation, infrastructure, public assistance, public pensions, education, Medicaid, and  corrections are a few examples of expenses.

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Selma deposited a paycheck for $378.42. she’ll use the check register to record her transaction. What will be her new balance?

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Selma’s new balance will be $378.42. A paycheck also known as a pay check or pay cheque, is a paper document issued by an employer to pay an employee for services rendered. However, the physical paycheck is increasingly being replaced by electronic direct deposits to the employee's designated bank account or loaded onto a payroll card.

Employees may still receive a pay slip detailing the final payment amount calculations. A salary statement, also known as a payslip, pay stub, paystub, pay advice, or sometimes paycheck stub or wage slip, is a document received by an employee that either includes or is attached to the paycheck.

Each country has laws governing what information must be included on a payslip .

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Answer:

Selma's new balance will be $3,014.83. To find Selma's new balance, we need to add her paycheck of $378.42 to her current balance amount. The correct option is c.

Explanation:

An oligopoly where each firm believes that rivals will lower their prices in response to a price decrease, but will not change their prices in response to a price increase is called a

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An oligopoly where each firm believes that rivals will lower their prices in response to a price decrease, but will not change their prices in response to a price increase is called a Sweezy.

Instead than collecting prices from the market, companies in an oligopoly determine pricing, whether collectively—in a cartel—or under the direction of one enterprise. As a result, profit margins are greater than they would be in a market with greater competition.Reduce their costs. Small enough for actions made by one firm to have a big impact on those made by other companies in the same industry.

What means oligopoly?An oligopoly is a market characterized by a small number of firms who realize they are interdependent in their pricing and output policies. The number of firms is small enough to give each firm some market power.

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Who would be hurt by unanticipated inflation?

a. those living on incomes with cost-of-living adjustments
b. those who find prices rising less rapidly than their nominal incomes

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Those who lent money at a fixed interest rate would be hurt by unanticipated inflation. Therefore, OPTION 'C' is the answer.

Unexpected inflation transfers wealth randomly from one group to another, for as from lenders to borrowers.

People frequently take the rate of inflation into account when deciding whether to lend or borrow money.

The amount of interest paid or collected will differ from what was anticipated if the rate of inflation is higher or lower than projected.

Unexpected inflation hurts lenders because the money they receive in repayment has lower purchasing power than the money they put out.

Unexpected inflation benefits borrowers since the amount they repay is less valuable than the amount they borrowed.

Hence, the correct option is 'C'.

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Which type of customer is outside your organization and expects you to provide services or products

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The individuals that purchase and utilize the goods or services that your business provides are known as external clients. These clients are those you should design for when coming up with problems and solutions. An external client is a sort of consumer who does not interact with the business directly,

But purchases and uses the goods and services that are produced. What is typically referred to as a "customer" in general is an external customer. They make a purchase of a company's goods or services but do not hold any other positions within the business, such as vendor, partner, or employee.

Some such instances include shoppers who visit a store to buy groceries, tourists who purchase admission tickets at attractions or parks, and hotel guests.

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Each of the following decreases total stockholders' equity except a cash dividend. liquidating dividend. stock dividend. all of these decrease total stockholders' equity.

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Each of the following decreases total stockholders' equity except stock dividend.

The ownership stake that shareholders have in a firm is reflected in its equity accounting. A company's retained earnings, which are its cumulative profits, as well as ordinary and preferred shares, capital contributions over par, and other items are considered to be equity. The par value, also known as the stated value, is often set at one dollar or less and indicates the lowest share market value.

Corporations use retained earnings to pay dividends. Selling ordinary or preferred shares to minority shareholders is a popular way for privately owned companies to obtain money. The difference between a company's assets and liabilities is known as shareholders' equity, or owners' equity. By paying out surplus funds to owners, cash dividends lower investors' equity. Stock dividends do not change the equity of stockholders' balance; instead, they transfer more shares to shareholders.

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Duress occurs when a. a party gives notice of refusal to be bound by an agreement. b. an improper threat is made to force another party to enter into a contract. c. both parties contract based on the same factual error. d. the enforcement of a contract results in unconscionability.

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The correct option is ( b)  an improper threat is made to force another party to enter into a contract.

In law, a situation in which someone acts under duress or coercion is one in which the person is subjected to violence, threats, or other forms of pressure.

Using force, coercion, threats, or psychological pressure, among other things, to persuade someone to act against their will is known as duress. If someone is behaving under duress, they are not doing voluntarily, and as such, they may be treated as such in legal proceedings.

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A category of data such as a customer's name, city, state, or phone number is called a?

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A category of data such as a customer's name, city, state, or phone number is called a field.

What is a field in data organization?

Field can be regarded as the smallest unit of data organization,  which contains a specific category of data , and these data could be  customer's name, city, state or phone number.

Hence, A category of data such as a customer's name, city, state, or phone number is called a field.

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At the most basic and fundamental level, parties are organized into _______________________.

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The most basic and fundamental level, parties are organized into party organisation.

Parties prepared at the federal, kingdom, and neighborhood ranges? on the country wide level, political parties run applicants for Congress and the presidency. every celebration has its own countrywide committee made of birthday celebration leaders, elected officers, and the chairs of the nation birthday celebration corporations.

Political parties are often structured in similar methods throughout international locations. They normally function a unmarried birthday party chief, a collection of celebration executives, and a community of party individuals.

A political celebration includes separate components: the birthday celebration employer, the party in authorities, and the birthday celebration inside the citizens.Parties assist to informally shape elections with the aid of running applicants for office under precise party labels

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The winner of the first annual Tom Morris Golf Invitational won $105 in the competition which was held in 1899. In 2015, the winner received $1,460,000. If the winner's purse continues to increase at the same interest rate, how much will the winner receive in 2050

Answers

$25968406.94.

a. Computation of Effective Interest Rate

Future Value = Present Value * (1 + r)^n

Future Value = $1460000

Present Value = $105

n = Number of Years = 116 Years

Future Value = Present Value * (1 + r)^n

1460000 = 105 * (1 + r)^116

13904.76 = (1 + r)^116

1.0857 = 1 + r

Effective Interest Rate = 8.57%

b.Future Value in the year 2050

Future Value = Present Value * (1 + r)^n

Present Value = $1460000

n = Number of Years = 35 Years

Future Value = Present Value * (1 + r)^n

Future Value = 1460000 * (1 + 0.0857)^35

Future Value = 1460000 * 17.7866

Future Value in the year 2050= $25968406.94.

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True or false: Sub-prime loans helped customers qualify for expensive homes that they would not otherwise have qualified for.

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It is true Sub-prime loans indeed benefited customers qualify for expensive homes that would not otherwise have qualified for.

Sub-prime loans

A subprime loan is offered to people at an interest rate above prime, who do not allow for traditional loans. Such people have low income, limited credit history, and poor collateral. The subprime choice is common in many types of loans, like auto loans and personal loans. In these loans, the creditors focus on the repayment potential of the borrowers rather than their credit score.

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Effective employee training within an organization Group of answer choices all of these choices enables employees to perform tasks faster. increases employee efficiency. results in more productive employees. raises employee skill levels.

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Option C) Results in more productive employees.

Training improves the efficiency and productivity of personnel. Properly trained employees show both amount and high-quality performance. there is much less wastage of time, cash, and assets if personnel is properly trained.

Training is the method of enhancing the competencies, skills, and know-how of employees for doing a specific job. Training technique molds the deliberating personnel and ends in the nice overall performance of employees. it's miles non-stop and in no way finishing in nature.

Training effectiveness refers to how properly your education helps mastering and learning transfer. There are numerous approaches to evaluate schooling effectiveness. What to evaluate. You must investigate each learning and get to know transfer, each time possible.

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Many of Alibaba's customers provide their business customers with a website to use for easy reordering of frequently used supplies, which represent ________ buying situations.

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Many of Alibaba's customers provide their business customers with a website to use for easy reordering of frequently used supplies, which represent straight rebuying situations.

What is straight rebuy?

This is when a company or an organization buys back a product. A straight rebuy occurs when a corporation reorders the same items from the same source in the same amount.

Here, a company places a second order with a supplier that is identical to the first purchase it made.

Companies often re-orders a product from the same supplier or list of supplier they have at hand without having to change to another supplier.

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An insurance company requires homeowners it insures to have smoke detectors in their homes. The insurance company is trying to combat the

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Insurance companies require homeowners to install smoke detectors in their homes. Insurance companies try to address the issue of moral hazard.

Option (C) is correct.

State Farm is the top auto insurer in the nation based on market share and premiums, followed by Geico, Progressive, and Allstate at $44/month. The cheapest local company is Farm Bureau for $39/month.

Insurance companies are financial intermediaries that provide direct insurance or reinsurance services and provide financial protection against potential future risks.

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Your question is incomplete. please read below to find the full content.

An insurance company requires homeowners it insures to have smoke detectors in their homes. The insurance company is trying to combat the

adverse selection problem.

the free-rider effect.

moral hazard problem.

"lemons" problem.

none of the above

Describe the general ledger after adjusting and closing entries have been posted.

Answers

After adjusting and closing entries have been posted the ledgers closing balance are transferred to the post closing trial balance.

The post-closing trial balance is that report which lists all the accounts of a company and their balances after making all the adjustments and closing entries into the ledgers.

In the accounting system, there are two other trial balances that are prepared. The first which is  simply known as the trial balance. Trial balance lists all the accounts that a company has and their balances are. The other is adjusted trial balance . It is a list of all the company accounts and their balances after any adjustments have been made into them. whereas the post-closing trial balance shows only the final balance in company accounts for the current accounting period, which are generally the exact same balances which the accounts have in the starting of the next accounting period.

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Most consumer protection statutes praise and protect unconscionable contracts and contracts of adhesion.

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The statement " Most consumer protection statutes praise and protect unconscionable contracts and contracts of adhesion" is true.

What consumer protection?

Consumer protection can be defined as the way of protecting consumer or buyers against trade practice that is unjust.

Hence, the statement is correct because consumer protection help to praise and as well safeguard unconscionable contracts and contracts of adhesion.

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Fill in the blank: _____ is how a project manager makes use of productivity tools and creates processes. The project manager may need to use certain tools and processes to do tasks like create a schedule and share information.

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Planning and organizing is how a project manager makes use of productivity tools and creates processes. The project manager may need to use certain tools and processes to do tasks like create a schedule and share information.

What is Planning and organizing?

Planning and organizing serves as the managerial function that portray how  how a project manager makes use of productivity tools and creates processes.

In this case, The project manager may need to use certain tools and processes to do tasks like create a schedule and share information.

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An investment project for which the net present value is $300 would result in which of the following conclusions

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The following conclusions are the investment project returns are greater than the required returns.

Investment can refer to any mechanism used to generate future income. This includes, among others, the purchase of bonds, stocks, or real estate. Additionally, buying real estate that can be used to produce goods can be considered an investment.

Public investment refers to government spending on economic infrastructures such as airports, roads, railways, water and sewerage, public electricity and gas supplies, telecommunications, and social infrastructures such as schools, hospitals, and prisons (IMF, 2015).

Simply put, investing works when you buy assets at a low price and sell them at a high price. In this type of investment project, return is known as a capital gain. Selling assets for a profit for a return or capital gain is one way to make money with your investments.

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An Investment Project For Which The Net Present Value Is $300 Would Result In Which Of The Following Conclusions? The Net Present Value Is Too Small; The Project Should Be Rejected. The Net Present Value Method Is Not

This problem has been solved!

Your question is incomplete. please read below to find the full content.

An investment project for which the net present value is $300 would result in which of the following conclusions?

The net present value is too small; the project should be rejected.

The net present value method is not suitable for evaluating this project; the internal rate of return method should be used.

The rate of return of the investment project is greater than the required rate of return.

The investment project should only be accepted if the net present value is zero; a positive net present value indicates an error in the estimates associated with the analysis of this investment.

If you know that inflation will be 2% next year and you want to receive a 3% increase in your real salary, then you should request that your nominal salary be increased by:

Answers

If you know that inflation will be 2% next year and you want to receive a 3% increase in your real salary, then you should request that your nominal salary be increased by: 5 percent.

How to solve for the nominal salary

We have to do this through the use of Fishers equation.

This equation is given as inflation + real rate.

We have to input these dates.

The rate of inflation is 2 percent

The real rate is 3 percent

Hence the nominal salary would be

2 + 3

= 5 percent.

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Aggregate supply is represented as a schedule or curve showing the relationship between the nation's

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Aggregate supply is represented as a schedule or curve showing the relationship between the nation's price level (index) and the amount of real domestic output that firms in the economy produce.

What is Aggregate supply?The whole supply of products and services produced within an economy at a specific overall price over a specific time period is known as aggregate supply, also known as total output.The relationship between price levels and the amount of output that businesses are prepared to produce is depicted by the aggregate supply curve. Usually, the level of prices and total supply have a positive connection.A change in aggregate supply can be ascribed to a number of factors, such as shifts in the quantity and quality of labor, technical advancements, salary increases, production cost increases, producer tax changes, producer subsidy changes, and changes in inflation.While some of these factors cause aggregate supply to increase, others cause it to decrease. By lowering the labor cost per unit of supply, for instance, higher labor efficiency—possibly achieved through outsourcing or automation—raises supply production.By raising manufacturing costs, salary increases, on the other hand, put downward pressure on the overall supply.

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Why is accuracy an essential element of business communication?

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Communication is an essential element of any business. One needs to convey message as effectively as possible. Therefore accuracy is the key requirement for the business communication. without the accuracy the business message will be delivered either misleading or it will be unclear.

Misleading message or miscommunication can lead to huge problems to any business. When you are working with your client, he will trust your words only if they are accurate otherwise the deal can be lost too.

That is why accuracy is the most important element of any business communication and a significant interval of time must be spent on making the communication accurate in any organization.

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The Lagan family bought a $150,000 home in 2002. They obtained a mortgage loan for 30 years. The monthly payments, not including property taxes and insurance, are $895.00. Assuming these monthly payments do not change, how much interest will be paid on the house during the 30 years

Answers

$172,200 will be paid on the house during last 30 years and Simple Interest is $322,200.

What is Simple Interest?Simple interest is a quick and simple formula for Figuring out how much interest will be charged on a loan. The daily interest rate, the principle, and the number of days between payments are multiplied to calculate simple interest.Although some mortgages employ this calculation approach, this kind of interest typically relates to auto loans or short-term loans. Consumers who pay their loans off on time or ahead of schedule each month benefit from simple interest.Simple interest loans are frequently used for auto loans and short-term personal loans.

Total amount paid = (895)(12)(30) = $322,200

$322,200-$150,000 = $172,200

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Answer:

172,200

Explanation:

just did assignment

During the recent financial collapse, financial managers failed to do their job effectively because of:

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During the recent financial collapse, financial managers failed to do their job effectively because of risky financial decisions and poor investment decisions.

What is a financial collapse?

A financial collapse occurs when many borrowers cannot repay their loans.

Most financial collapses have occurred from:

UndercapitalizationPoor control over cash flowFlagrant financial and investment decisionsInadequate expense control.

Thus, for the recent financial collapse, financial managers failed to do their job effectively because of risky financial decisions and poor investment decisions.

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Commercially prepared baked goods, snack items, and fried foods should be limited because they are rich in?

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Commercially prepared baked goods, snack items, and fried foods should be limited because they are rich in omega-3 fat. They are a crucial component of all cell membranes in the body and have an impact on how cell receptors work in those membranes.

They serve as the precursor for the production of hormones that control inflammation, arterial wall contraction and relaxation, and blood clotting. According to the NIH, the FDA has advised against  limited exceeding 3 g of combined DHA and EPA intake per day. Because omega-3 reduces the body's inflammatory responses, scientists believe it can reduce immune system activity over time.

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**Verifiability means that the accounting​ information:
Question content area bottom
Part 1
A.
is material and relevant.
B.
is timely and understandable.
C.
is understandable.
D.
must be capable of being checked for​ accuracy, completeness and reliability.

Answers

Accounting information that has verifiability is one that D. must be capable of being checked for​ accuracy, completeness and reliability.

What is verifiability in accounting?

in accounting, data is considered to be verifiable if a third party can come up with the same information given the chance.

for this to happen, the data needs to be capable of being checked for completeness and reliability.

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After a personality conflict with his manager, Will is asked to work extra hours every day. Will is given the toughest assignments and is often ignored and even insulted during team meetings and discussions. Will considers quitting the job owing to the intolerable work conditions. Will's manager can be held responsible for _____.

Answers

Will's manager can be held responsible for Constructive discharge.

What is Constructive discharge?In general, the term "constructive discharge" refers to situations in which it may be determined that a worker's retirement or resignation was not voluntary because the employer forced them to do so by fostering a hostile or intolerable work environment or by using other forms of pressure or coercion.This frequently occurs when an employer modifies the terms and conditions of an employee's employment in a material and adverse manner. State laws, which differ from state to state, often specify what constitutes a constructive discharge.For legal reasons, the resignation of the employee is disregarded because the employer's actions effectively ended the employment relationship unwillingly.The resignation is viewed as a termination in this instance. The employee may have a claim for wrongful constructive dismissal if the employer's actions amount to illegal behavior or a breach of an express or implied employment contract.

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By May 25, 1986 every employer must have available for their employees a(n) __________ which meets criteria of the standard for each hazardous chemical in the work place

Answers

Safety data sheets are the source of detailed information on a particular hazardous chemical. Employers must maintain copies of SDSs for all hazardous chemicals present in their workplaces.

The Hazard Communication Standard (HCS), 29 CFR 1910.1200 (h), requires all employers to provide information and training to their employees about the hazardous chemicals to which they may be exposed at the time of their initial assignment and whenever a new hazard is introduced into their work area.

Under the Occupational Safety and Health Administration Hazard Communication Standard 29 CFR 1926.59 (29CFR 1910.1200), we are required to obtain and maintain MSDSs for all hazardous substances used in our organization.

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