BUSINESS HIGH SCHOOL

On January 2, 2018, Schneider Company issues $100,000 of 6% bonds. Interest of $3,000 is payable semi-annually on June 30 and December 31. The bonds mature in 5 years. The bonds issued for $95,842 with an effective interest rate of 7%. Effective interest recognized on June 30, 2018, using the effective interest method, will be equal to (round to the nearest full dollar)

Answers

Answer 1

Answer:

Answer:

$3,354.

Explanation:

$95,842 * 0.035 = $3,354.

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The following is the only information pertaining to Kane Co.âs defined benefit pension plan:Pension asset, January 1, Year 1 $ 2,000Service cost 19,000Interest cost 38,000Actual and expected return on plan assets 22,000Amortization of prior service cost arising in a prior period 52,000Employer contributions 40,000In its December 31, Year 1, balance sheet, what amount should Kane report as the unfunded or overfunded projected benefit obligation (PBO)?(A) $ 7,000 overfunded.(B) $15,000 underfunded.(C) $45,000 underfunded.(D) $52,000 underfunded.

Answers

Answer:

option (a) is correct answer '$ 7,000 overfunded'

Explanation:

Data:

Pension asset, January 1, Year 1 = $ 2,000

Service cost = $ 19,000

Interest cost = $ 38,000

Actual and expected return on plan assets = $ 22,000

Amortization of prior service cost arising in a prior period = $ 52,000

Employer contributions = $ 40,000

Total expenses = Service cost + Interest cost = $ 19,000 + $ 38,000

= $ 57000

Now,

projected benefit obligation (PBO) = (Pension asset + Actual and expected return ) - Total expenses

projected benefit obligation (PBO)

= $ 2,000 + $ 22,000 + $ 40,000 - $ 57000

overfunded projected benefit obligation (PBO) = $ 7,000

hence,

option (a) is correct answer '$ 7,000 overfunded'

During interviews for a sales position at Lock-Spark Inc., the interviewer asks each candidate to imagine a situation where a customer emails to report that products were damaged during delivery from Lock-Spark. The interviewer then asks each candidate what he or she would do to handle this situation. This is an example of a(n) _____ interview.

Answers

Answer:

SITUATIONAL

Explanation:

The interviewer asks that candidate during interviewing for a sales role at Lock-Spark Inc. to imagine a scenario where a customer emails to complain that goods were damaged during Lock-Spark distribution. Then the interviewer asks an individual candidate what they would do to deal with this issue. This is an example of an interview with a situation.

#1. What is true about economic resources? Economic resources include only money./ Economic resources are limited./ Economic resources exist only at the individual level. / Economic resources are always controlled by the government.....#2. An economy where more money is being collected than is being allocated or spent is known as what type of economic stance? Expansionary/ Contractionary/ Neutral / Exceptionary

Answers

The right answer for the question that is being asked and shown above is that: "Economic resources are limited." The statement that is true about economic resources is that Economic resources are limited.

The right answer for the question that is being asked and shown above is that: "Contractionary"

Robert is a young college graduate who is looking for a sales job in the pharmaceutical industry. In order to better his chances of being selected by employers, he decides to enhance his knowledge of the latest medications in the market. In this scenario, it is evident that Robert is trying to enhance his _________.a. industry knowledgeb. customer orientation
c. promotion knowledge
d. service resilience
e. customer knowledge

Answers

Answer: Industry Knowledge.

Explanation:

Industry knowledge involves knowing a business' target market very well, knowing the latest trend and customers preferences in the market. Industry Knowledge can give a business competitive advantage in a market. Robert is acquiring industry knowledge to give him a better chance of gaining the sales job.

A stockbroker trades shares she does not own with an obligation of later repayment, and in the hope that the price of traded shares will fall. She then repays share debt with shares purchased at a lower price and pockets the spread between initial share price and repayment price. This attempt to profit from a falling stock price is known as _____. a. insider trading churning b. arbitrage trading c. short selling d. going long

Answers

Answer: short selling

Explanation: In simple words, short selling refers to the process in which an individual borrows stock from its holder with the promise of giving it back after a specific time and at a specific price, after borrowing he or she sells the stock at the current market price and expects that the price of stock will decrease in future.

The borrower then purchases the stock at a lower price and gives it back to the lender with the margin profit in his or her pocket. Short selling works like a speculation but only market experts do such activity due to high risk involved.

Such processes are of high value to the market as they result in creation of liquidity.

The _______ states that more of an item will be purchased at a lower price than at a higher price. A. Law of Demand
B. Law of Economics
C. Law of Elasticity
D. Law of Supply

Answers

The Law of Demand will be your answer

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