The Miracle Corporation issues 1,000, 10-year, 8%, $1,000 bonds dated January 1, 2009, at 96. The journal entry to record the issuance will show a
A) debit to Discount on Bonds Payable for $40,000.
B) debit to Cash of $1,000,000.
C) credit to Bonds Payable for $960,000.
D) credit to Cash for $960,000.
A
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Which of the following would be an argument in favor of using residual income models in performance measurement?
a. All forms of residual income are consistent with discounted net cash flows for any method of depreciation. b. Residual income focuses on historical performance. c. The determination of residual income is dependent on an accurate estimate of the cost of capital. d. Residual income recognizes that all capital, debt as well as equity, has a cost.
Josh told his father that the family needed a new computer, so his dad asked him to look into the latest products and their prices. Josh's mom asked that the new computer have an ergonomic keyboard because she has wrist problems. His sister Ann wanted the computer to have a lot of memory to edit videos. With this information, Josh's dad chose and ordered a Dell. Which best describes the roles each family member played in making this decision?
A. Ann acted as a user and an influencer. B. Josh's mother acted as an information gatherer, a user, an influencer, and a gatekeeper. C. Josh's mother and Ann acted as information gatherers, users, and decision makers. D. Josh's father took on all of the roles. E. Josh took on all the roles except that of purchaser.
A set of ideas that combines an openness to and an awareness of diversity across markets and cultures with a propensity and ability to synthesize across this diversity is a(n) ____________.
Fill in the blank(s) with the appropriate word(s).
The inventory turnover ratio and days sales outstanding (DSO) are two ratios that are used to assess how effectively a firm is managing its assets.
Answer the following statement true (T) or false (F)