Pretzelmania, Inc., issues 7%, 10-year bonds with a face amount of $70,000 for $70,000 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 7%. Interest is paid semiannually on June 30 and December 31.
Pretzelmania, Inc., issues 7%, 15-year bonds with a face amount of $70,000 for $63,948 on January 1, 2015. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually on June 30 and December 31.
Pretzelmania, Inc., issues 7%, 15-year bonds with a face amount of $70,000 for $76,860 on January 1, 2015. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually on June 30 and December 31.
All 3 question are need to find the first interest payment The only difference between 3 is the rate is one below, one higher, one are equal. No need to find the issuance bonds. Because I already had that one done.
Please and solve for thefirst interest payment with the steps that would be wonderful, thanks
Record bond issue and related semiannual interest (L04) Pretzelmania, Inc., issues 796, 10-year bonds with a face amount of $70,000 for $70,000 on January 1 2015. The market interest rate for bonds of similar risk and maturity is 7%. Interest is paid semiannually on June 30 and December 31 1. & 2. Record the bond issue and first interest payment on June 30, 2015. (If no entry is required for a transaction event, select "No journal entry required" in the first account field.) view transaction list view general journal Date General Journal Debit Credit January 01, 2015 Cash 70,000 Bonds payable 70,000 June 30, 2015 Interest expense Bonds payable Cash value: 3.33 points Brief Exercise 9-6 Record bond issue and related semiannual interest (L04) Pretzelmania, Inc., issues 796, 15-year bonds with a face amount of $70,000 for $63.948 on January 1 2015. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually on June 30 and December 31 1. & 2. Record the bond issue and first interest payment on June 30, 2015. (If no entry is required for a transaction event, select "No journal entry required" in the first account field.) view transaction list view general journal Date General Journal Debit Credit January 01, 2015 Cash 63,948 Bonds payable 63,948 June 30, 2015 Interest expense Bonds payable Cash value: 3.34 points Brief Exercise 9-7 Record bond issue and related semiannual interest (L04) Pretzelmania, Inc., issues 796, 15-year bonds with a face amount of $70,000 for $76.860 on January 1 2015. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually on June 30 and December 31 1. & 2. Record the bond issue and first interest payment on June 30, 2015. (lf no entry is required for a transaction event, select "No journal entry required" in the first account field.) view transaction list view general journal Date General Journal Debit Credit January 01, 2015 Cash 76,860 Bonds payable 76,860 June 30, 2015 Interest expense Bonds payable Cash

Answers

Answer 1

Answer:

Pretzelmania, Inc.

1. Records:

Debit Cash $70,000

Credit Bonds Liability $70,000

To record the issuance of 7% bonds at face value.

June 30:

Interest Expense $2,450

Cash payment for interest $2,450

To record the first interest expense and payment.

(No amortization of discounts or premiums)

December 31: (not required but showed for emphasis)

Debit Interest Expense $2,450

Credit Cash payment for interest $2,450

To record the second interest expense and payment.

(No amortization of discounts or premiums)

2. Records:

Debit Cash $63,948

Bonds Discounts $6,052

Bonds Liability $70,000

To record the issuance of 7% bonds at discounts.

June 20, 2015:

Debit Interest Expense $2,557.92

Credit Amortization of bonds discounts $107.92

Credit Cash payment for interest $2,450

To record the first interest expense and payment, including amortization of bonds discounts.

December 31, 2015: (not required but showed for emphasis)

Debit Interest Expense $2,562.24

Credit Amortization of bonds discounts $112.24

Credit Cash payment for interest $2,450

To record the second interest expense and payment, including amortization of bonds discounts.

3. Records:

Debit Cash $76,860

Credit Bonds Liability $70,000

Credit Bonds Premium $6,860

To record the issuance of 7% bonds at premium.

June 30, 2015:

Debit Interest Expense $2,305.80

Debit Amortization of bonds premium $144.20

Credit Cash payment for interest $2,450

To record the first interest expense and payment, including amortization of bonds premium.

December 31, 2015: (not required but showed for emphasis)

Debit Interest Expense $2,301.50

Debit Amortization of Bonds Premium $148.50

Credit Cash payment for interest $2,450

To record the second interest expense and payment, including amortization of bonds premium.

Explanation:

1.  issues 7%, 10-year bonds with a face amount of $70,000 for $70,000 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 7%. Interest is paid semiannually on June 30 and December 31.

a) Data and Calculations:

Face value of bonds = $70,000

Issuance value = $70,000

Interest rate on bonds = 7%

Market interest rate = 7%

Period of bonds = 10 years

Payment period = semiannually

Issue date = January 1, 2021

June 30:

Semiannual interest rate = 3.5% (7%/2)

Interest Expense = $2,450 ($70,000 * 3.5%)

Cash payment for interest = $2,450

No amortization of discounts or premiums

December 31:

Semiannual interest rate = 3.5% (7%/2)

Interest Expense = $2,450 ($70,000 * 3.5%)

Cash payment for interest = $2,450

No amortization of discounts or premiums

2. Pretzelmania, Inc., issues 7%, 15-year bonds with a face amount of $70,000 for $63,948 on January 1, 2015. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually on June 30 and December 31.

a) Data and Calculations:

Face value of bonds = $70,000

Issuance value = $63,948

Bonds discounts = $6,052 ($70,000 - $63,948)

Interest rate on bonds = 7%

Market interest rate = 8%

Period of bonds = 15 years

Payment period = semiannually

Issue date = January 1, 2015

June 30, 2015:

Semiannual interest rate = 3.5% (7%/2)

Interest Expense = $2,557.92 ($63,948 * 4%)

Amortization of bonds discounts = $107.92 ($2,557.92 - $2,450)

Cash payment for interest = $2,450 ($70,000 * 3.5%)

December 31, 2015:

Semiannual interest rate = 3.5% (7%/2)

Interest Expense = $2,562.24 (($63,948 + 107.92) * 4%)

Amortization of bonds discounts = $112.24 ($2,562.24 - $2,450)

Cash payment for interest = $2,450 ($70,000 * 3.5%)

3. Pretzelmania, Inc., issues 7%, 15-year bonds with a face amount of $70,000 for $76,860 on January 1, 2015. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually on June 30 and December 31.

a) Data and Calculations:

Face value of bonds = $70,000

Issuance value = $76,860

Bonds premium = $6,860 ($76,860 - $70,000)

Interest rate on bonds = 7%

Market interest rate = 6%

Period of bonds = 15 years

Payment period = semiannually

Issue date = January 1, 2015

June 30:

Semiannual interest rate = 3.5% (7%/2)

Cash payment for interest = $2,450 ($70,000 * 3.5%)

Interest Expense = $2,305.80 ($76,860 * 3%)

Amortization of bonds premium = $144.20 ($2,450 - $2,305.80)

December 31:

Semiannual interest rate = 3.5% (7%/2)

Cash payment for interest = $2,450 ($70,000 * 3.5%)

Interest Expense = $2,301.50 (($76,860 -144.20) * 3%)

Amortization of bonds premium = $148.50 ($2,450 - $2,301.50)

(Record bond issue and related semiannual interest)


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Answers

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Answers

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Complete question:

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Answers

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Answer:

Explanation:

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If the central bank increases the money supply in an economy by 3%, the velocity of money is constant, and the real GDP is also growing at 3%, then which of the following statements about the price level is true?
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The change in the price level is 0%.
The change in the price level is 6%.
The change in the price level is −3%.
The change in the price level is 1%.

Answers

The pricing level has changed by 3%. The right response is A.

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FILL IN THE BLANK a firm's ____are costs that increase as quantity produced increases. these costs often show ___ illustrated by the increasingly steeper slope of the total cost curve.

Answers

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What totals all the production costs that rise in proportion to the volume produced?

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What is the name for the rise in total variable costs brought on by the creation of an additional output unit?

The marginal cost is the right response (A). The difference in price that results from adding an extra unit to the quantity produced is known as the marginal cost. Therefore, it is the expense incurred when an additional unit is generated.

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Mobile marketing is used to enrich the brand experience, stimulate immediate buying, or ________.A) decrease advertising costsB) help friends contact friendsC) make shopping easierD) create new customer relationshipsE) find new suppliers

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A) Mobile marketing is used to enrich the brand experience, stimulate immediate buying, or decrease advertising costs.

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Copywriting, graphic design, commissions, generating leads, and broadcast production are all examples of these expenses. Production, overhead, media purchases, and commissions are all included in an accurate advertising budget.

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quad enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.9 million

Answers

The project’s Now Present value of annuity is $115,849.581.

Explain the annual depreciation expense?The cost of an item that has been depreciated for a particular period, or period, is known as depreciation expenditure, and it indicates how much of the asset's worth was used up in that year. The total amount of depreciation expenditure that has been assigned for an asset since it was first used is known as accumulated depreciation.The cost of periodic depreciation is equal to (Fair Value - Residual Value) / the asset's useful life. For instance, Company A spends $50,000,000 on a building that will be utilised for 25 years and has no residual value. The yearly depreciation expense, which is calculated by dividing $50,000,000 by 25, is $2,000,000.

Completed question :

Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.31 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. The project is estimated to generate $1,785,000 in annual sales, with costs of $695,000. The tax rate is 25 percent and the required return on the project is 12 percent. What is the project’s NPV? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, and round your answer to 2 decimal places, e.g., 1,234,567.89.)

Given data :

For computing the net present value first we have to do following calculations

Annual depreciation expense is

= (Cost - Salvage value) ÷ Useful life

= ($2.31 million ÷ 3)

= $770,000

Now

Annual Operating cash flow = (Sales - Costs) × (1 - tax rate) + Tax savings on Annual depreciation

= ($1,785,000 - $695,000) × (1 - 0.25) + (0.25 × $770,000)

= $817,500 + $192,500

= $1,010,000

Now Present value of annuity is

= Annuity × [1 - (1 + interest rate)^ -time period] ÷ rate  

= $1,010,000 × {1 - (1.12)^-3] ÷ 0.12

= $1,010,000 × 2.401831268

= $2,425,849.581

So, Net present value  is

= Present value of inflows - Present value of outflows

= $2,425,849.581 - $2,310,000

= $115,849.581

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Government actions during a recession include: increase government purchases or decrease taxes in order to increase aggregate demand.

What is a recession?

A recession is a period of economic decline, typically characterized by declining GDP, high unemployment, and reduced business activity. Recessions can be caused by a variety of factors, such as reduced consumer spending, declining exports, or financial crises.

How does a recession affect businesses and individuals?

A recession can have significant negative impacts on businesses and individuals. During a recession, businesses may experience declining sales and profits, which can lead to layoffs, bankruptcy, or other financial difficulties. Individuals may also be affected by a recession, as they may face job loss, wage cuts, or reduced access to credit. A recession can also lead to declining asset prices, such as stocks and real estate, which can impact the wealth and financial stability of individuals and businesses.

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benitez company currently outsources a relay switch that is a component in one of its products. the switches cost $40 each. the company is considering making the switches internally at the following projected annual production costs: unit-level material cost $ 5 unit-level labor cost $ 4 unit-level overhead $ 3 batch-level set-up cost (4,000 units per batch) $ 42,000 product-level supervisory salaries $ 46,000 allocated facility-level costs $ 37,000 the company expects an annual need for 4,000 switches. if the company makes the product, it will have to utilize factory space currently being leased to another company for $3,200 a month. if the company decides to make the parts, total costs will be: multiple choice $14,400 more than if the switches are purchased. $51,400 more than if the switches are purchased. $31,600 less than if the switches are purchased. $37,000 less than if the switches are purchased.

Answers

The cost of buying switches instead of creating them will increase by $10,500, claims the statement.

What does the term "company" mean?

A organization is a legal person that a group of people to conduct and manage a business venture, whether it be corporate or industrial. Depending here on corporate legislation of its country, a corporation may be set up in a variety of ways including tax and financial responsibility reasons.

Briefing:

Incremental analysis: Incremental analysis determines the benefit or loss from taking one course of action than taking another. Incremental analysis is used in decision making. It helps to select most profitable course of action.

Calculating the gain or loss from choosing one line of treatment over another using incremental analysis. Making decisions involves the application of incremental analysis. It aids in making the most lucrative decision.

Net benefit or drawback: The benefits or drawbacks of choosing 1 course of action over another are:

Gain from proposal 1 minus Gain from proposal 2 is the net advantage/(disadvantage).

Choosing a purchase or make choice involves taking incremental expenses into account. Products be obtained from an outside source if manufacturing costs are greater then buying costs, otherwise they are created internally.

Consequently, the total cost of switching is $110,500.

Materials costs, labor costs, variable costs, supervisor wages, and rent loss due to not leasing space are all included in the total cost of creating switches. Rent lost seems to be an opportunity cost that matters when choosing to manufacture or purchase. Allocated expenses are irrelevant for making decisions since they remain constant regardless of the course of action. The whole cost is $110,500.

calculating the additional cost or value of making changes as opposed to buying them from an outside provider.

The price of switches is:

                 [tex]\begin{aligned}\text { Purchase cost } & =\text { Number of switches } \times \text { Cost per unit } \\& =5,000 \times \$ 20 \\& =\$ 100,000\end{aligned}[/tex]

Purchase costs are $100,000, but production costs are $110,500. Making materials will result in an extra expense of $10,500 since the cost of production is greater than the price of purchasing.

Extra cost is the extra expense spent by manufacturing components as opposed to buying them. Parts of Step 1 cost $110,500 to produce. The acquisition will cost $100,000. That leads in an additional expense of $10,500 for manufacturing.

Therefore, if the switching are obtained, the price of manufacturing switches will increase by $10,500.

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anchoring bias is the tendency to: focus on the end result, using it as an anchor and assuming that nothing will change in the future. focus on the desired result and form all other expectations in relation to it. begin with an anchor, or starting point, and insufficiently adjust from there. skew probability toward a vivid, easily recalled event.

Answers

Anchor bias tends to: start with an anchor or beginning point and think about marketing strategy and Black Friday sales.

What is anchoring bias?

Anchor bias is a cognitive bias that relies excessively on the first information the people already have or the first information they find to make a decision. When we plan or estimate something, we interpret the latest information from an anchor point of reference rather than looking at it objectively. For example, if first he sees a $1,200 T-shirt, then second T-shirt for $100, he tends to look at the second T-shirt cheaply.

What does anchoring bias mean in healthcare?

Anchoring bias is closely related to confirmation bias and works in interpreting evidence. This refers to the practice of doctors prioritizing information and data that support a first impression, even if the first impression is wrong.

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Hart Company made 3,040 shelves using 22,040 pounds of wood costing $271,092. The company's direct materials standards for one shelf are 8 pounds of wood at $12.20 per pound.
AQ = Actual Quantity
SQ = Standard Quantity
AP = Actual Price
SP = Standard Price
1. Compute the direct materials price and quantity variances along with the total direct materials variance.
2. Hart applies management by exception by investigating direct materials variances of more than 5% of actual direct materials costs. Which direct materials variances will Hart investigate further?

Answers

The $2,204 direct materials price variance has been calculated.

The direct materials quantity variance is calculated as $27,816.

What is the difference in the direct material amount?

The term "direct material quantity variation" (sometimes referred to as "direct material use variance" or "efficiency variance") describes the discrepancy between the standard cost of material permitted for actual production as well as the standard cost of materials actually used during production.

Direct materials quantity variation is a part of the overall materials cost variance as a result of the difference between the actual amount of direct materials used and the standard quantity permitted for the output. Other terms for direct material amount fluctuation include direct material consumption and volume variance.

1. The direct materials price variance is calculated as follows:

= $2,204 ($12.20 - $12.30) x 22,040) Unfavorable

The direct materials amount variance is calculated as follows:

= $27,816 (24,320 - 22,040) x $12.20) Favorable

2. Hart will place more emphasis on the direct materials quantity variance than the direct materials price variance, which accounts for 10.3% ($27,816/$271,092 x 100) of the actual direct materials costs despite accounting for just 0.8% of those expenditures.

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enables a manager to make decisions, give orders, and utilize resources. For example, the manager of a local coffee shop has the right to hire and fire new employees based on their punctuality, performance, and customer service ratings. A Instrumentality B An informal culture Expectancy D Valence E Authority

Answers

To make decisions, give orders, and manage resources, a manager needs authority.

What enables a manager to make judgment calls, issue directives, and allocate resources?

To make decisions, give orders, and distribute resources in order to achieve organizational goals, a manager must have official, legal authority. The authority of a manager is specified in the job description.

What kind of manager is in charge of raising the funds required for the organization's smooth operation?

Financial managers typically keep tabs on a business's finances and work to maintain its viability. They are in charge of crucial tasks like keeping track of cash flow, figuring out profitability, controlling spending, and acquiring reliable financial data.

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the real estate business is one of many specialties. match each definition with the most appropriate specialist. match the objects to the appropriate targets by clicking one item in the left-hand column and one in the right-hand column. click submit. once submitted, each incorrect answer will be highlighted in red, and correct ones highlighted in green. please note you will need to correctly match each item for the activity to be considered complete. forms an opinion of property valuerelieves an investment property owner from day-to-day activitiesbrings people together in a real estate transactioncombines an interest in real estate with skills in the housing tradesdivides a single property into smaller parcelshelps clients choose among alternatives in real property investment subdividerhome inspectorproperty managerreal estate professionalreal estate counselorreal estate appraiser

Answers

Real estate appraiser - forms an opinion of property value.Real estate counselor - helps clients choose among alternatives in real property investment.Real estate professional - brings people together in a real estate transaction.Property manager - relieves an investment property owner from day-to-day activities.Subdivider - divides a single property into smaller parcelsHome inspector - combines an interest in real estate with skills in the housing trades.

Real estate refers to land and any permanent structures or improvements on it. It includes residential, commercial, and industrial properties, as well as land and other resources. In the real estate industry, professionals such as agents, brokers, appraisers, and property managers help individuals and businesses buy, sell, lease, and manage real estate properties. Real estate can be a complex and competitive field, and professionals in this industry often specialize in specific types of properties or markets.

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TRUE OR FALSE the gatt agreement has an escape clause whereby member nations may levy increased duties on imported products where there are unforeseen circumstances that cause or threaten serious injury to domestic producers

Answers

The statement is true because the GATT accord features an exit clause allowing member states to charge high taxes on imports when unveil result in or pose a danger to harm domestic manufacturers.

What does the word "product" mean?

Any good or service you offer to satisfy an user's need or desire is a product. There are both real and virtual ones. Durable things (such as automobiles, furniture, and laptops) and highly perishable items are examples of physical products (like food and beverages).

What kind of items come to mind?

Electronics, furniture, jewellery, etc. are a few examples. These goods often have higher price points. These items are scheduled purchase. Specialty Items: Customers take extra steps to purchase niche goods.

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T/F groups representing consumer, environmental, or other interests can be identified as project stakeholders.

Answers

T/F groups representing consumer, environmental, or other interests can be identified as project stakeholders is true.

Stakeholder definitions and examples

A stakeholder is a party with an interest in a business who may have an impact on or be affected by that firm. Investors, employees, clients, and suppliers make up the majority of the stakeholders in a typical firm.

The Function of a Stakeholder

A stakeholder's main responsibility is to provide their experience and viewpoint to a project in order to aid the organization in achieving its strategic goals. They can also offer the tools and resources needed. A project's success depends on their support.

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Which of the following statements is correct regarding an audit team's documentation requirements for attributes sampling?
a. The audit team should document information regarding the number of deviations and sample deviation rate, but not the allowance for sampling risk.
b. The audit team's documentation should include information regarding all steps of the sampling process and implications of the conclusions reached on internal control reliance and substantive procedures.
c. The audit team's documentation should include information about the control environment, including an assessment of management's integrity.
d. The audit team's conclusions do not need to be documented unless they decide to rely on internal control at planned levels.

Answers

(a) The assertion that an audit team's documents for attributes sampling are accurate is that the team should record information on the number of deviations or sampling deviation rate, but not on the allowance of sampling risk.

What audit means?

A physical inventory check is followed by an auditor's review or inspection of various books of accounts to ensure that all departments are using the same documented system of documenting transactions. It's done to make sure the organization's financial accounts are accurate. An audit's objective is to reach a determination regarding the fairness and compliance with applicable accounting rules of the financial statements.

Why audit is important?

The credibility an audit lends to a set of financial statements and the assurance it gives shareholders that the accounts are truthful and fair make it crucial. It can also aid in enhancing a company's internal processes and controls. The fundamental tenets of auditing include secrecy, objectivity, independence, skills and competence, work done by others, documentation, planning, audit evidence, accounting system, internal control, and audit reporting.

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Which of the following is not a typical effect of vendor managed inventory (VMI)?
O increased processing speed for manufacturers and distributors
O fewer data entry errors for manufacturers and distributors
O reduced planning and ordering costs for distributors
O increased stock-outs for distributors

Answers

Vendor-managed inventories reduced the processing times for manufacturers and distributors.

A is the proper response.

Why is it vital for sellers to manage inventory?

A tried-and-true inventory system called vendor managed inventory was developed to make order fulfilment and inventory management simpler. It encourages improved communication between suppliers and distribution partners by synchronising business objectives and streamlining processes for all parties.

How does vendor-managed inventory work?

Vendor Managed Inventory promotes a win-win relationship between the two sides to a transaction, allowing them to share risk and work together for mutual benefit. By controlling the buyer's inventory or supply chain management, the vendor can oversee and manage the entire supply chain.

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During 2024, Messier Leather Goods issued 763,000 coupons which entitles the customer to a $4.30 cash refund when the coupon is submitted at the time of any future purchase. Deluxe estimates that 73% of the coupons will be redeemed. 419,000 coupons had been processed during 2024. Deluxe recognizes coupon expense in the period coupons are issued. At December 31, 2024, Deluxe should report a liability for unredeemed coupons of:

Answers

Deluxe should record a liability for unredeemed coupons of $237,704,000 on December 31, 2024.

Determine the total amount of coupons that will need to be redeemed first. Since Deluxe anticipates that 70% of the total will be redeemed, the final figure should be: 763,000 * 73% = 55,699,000

Sadly, only 419,000 coupons were processed; therefore, the number of coupons still unredeemed is: 55,699,000 - 419,000 = 55,280,000.

Out of the estimated total, 55,280,000 vouchers were not redeemed.

As a result, the value of these unredeemed coupons will be calculated as follows: = 55,280,000 * 4.30 (coupon value) = $237,704,000

The Unredeemed Coupons' Liability is therefore $237,704,000.

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Reflect or think about an example where you have witnessed or experienced role conflict or team failure and the two types of ambiguity. State what happened and how you reduced the role conflict, addressed the team failure, or resolved the type of ambiguity.

Answers

A manager (John) hires his best friend (Ron) for operational job. Ron finds it very difficult to work after he tried his best to understand the job work or role. Other employees of the company also suffered because he is not able to perform his duties effectively.

As the time went on, it was clear that he was not able to handle responsibility, stress, or new work. John was also not able to punish him or scold him for his wrong doing because of the friendship they both share.

Manager has to redo, or do, 70% of the work from his desk. Manager also provides training to him, but nothing worked. Due to the emotional aspect of the hiring decision, the employees, company, him were affected. This put a serious strain on their friendship. The company suffered because John was not able to do his own work also because of double work- load. And also, company was paying a salary and benefits for an extra employee, but production was low.

This is the situation of role conflict for manager (John). He is not balancing between two role on is of a manager (employee of the company), and a friend of Ron.

Reduce conflict- when, everything go beyond the hands of manager, the company’s management talked with the manager and ask him to find solution. John (manager) privately talks with the Ron and explains him the whole situation.

Ron is also not happy with the job role. John (manager) found new job according to his skills in different company and Ron was also happy with this decision. Ron left the John’s company and they both perform their job roles effectively and efficiently.

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