Answer:
$62,445
Explanation:
Discount on bond payable = ($1,000,000 / 100) x (100-97) = 30,000
Number of period = 2 x 10 = 20
Discount amortized every period = 30,000 / 20 = $1,500
Interest Expense on June 30 = (1,000,000 x 6%/2) + 1500 = $31,500
Principal Payment = $50,000 - $31,500 = $18,500
Outstanding bonds = 1,000,000 - $18,500 = $981,500
Interest Expense on December 31 = ($981,500 x 6%/2) + 1500 = $30,945
Total Interest Expense in 2020 = $31,500 + $30,945 = $62,445
Employees' resistance to the matrix organizational structure could stem from discomfort with unfamiliarity, despite recognizing competitive pressure.
The statement doesn't explicitly link the lack of investment to the company's uncertain future. It just makes an assumption about it. The potential reason for the resistance to change could be:
Resistance to the transition to a matrix organizational structure can stem from employees' lack of familiarity and comfort with this new setup, as they may be more accustomed to the traditional organizational hierarchy.
The complexity and ambiguity of matrix structures can lead to uncertainty, causing employees to hesitate in deviating from their established roles and reporting lines. This apprehension, confusion, and general reluctance to adapt might persist even if they understand the competitive need for change.
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If a covered member's spouse is employed by an audited entity, then the covered member's independence may be compromised.
The covered member should disclose this relationship and evaluate the extent of their involvement with the audited entity to determine if it impairs their objectivity and independence. In this case, the covered member may have a potential conflict of interest or bias due to their spouse's employment with the audited entity. It is possible that the covered member may need to recuse themselves from certain aspects of the audit to maintain independence. Overall, the covered member should follow the guidelines set forth by their professional standards and code of ethics. As a result, this can impair the covered member's independence, potentially affecting the objectivity and integrity of the audit.
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Industries that are likely to use the lower-of-cost-or-net realizable value (LCNRV) basis most frequently are those that deal with inventory or stocks, such as retail, wholesale, and manufacturing industries.
This is because they need to account for the value of their unsold inventory, and LCNRV is a commonly used accounting method to estimate the value of inventory that may have become obsolete or damaged.
Additionally, industries that deal with perishable goods or those that have a short shelf life, such as the food and beverage industry, are more likely to use LCNRV as they have a higher risk of inventory spoilage or obsolescence.
To learn more about beverage, refer below:
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