On August 1, 2022, Blue Spruce Corp. issued $481,200, 7%, 10-year bonds at face value. Interest is payable annually on August 1. Blue Spruces year-end is December 31. Prepare journal entry to record the issuance of the bonds.

1. Spending plans are decisions about how you spend your allowance. True / False

Suppose an investment broker offers to sell you a financial asset for $850. You will receive only one payment of $1,000 five years from now. What interest rate would you earn if you bought the financial asset at the offer price

Thad a single tax payer has taxable income before the QBI deduction of $187,500. Thad a CPA operates an accounting practice as a single member LLC (which he reports as a sole proprietorship).

Detailing's cost formula for its materials and supplies is $2,060 per month plus $12 per vehicle. For the month of August, the company planned for activity of 86 vehicles, but the actual level of activity was 46 vehicles.

Kephlee is an amusement park operator and provided the following select financial dа ta: ($ in millions) December 31, 2020 Revenue $121.5 Cash proceeds from the sale of a merry go round $15.4 Cash flows from operations $121.

What are implicit costs? an implicit cost is a. a cost that remains constant as output changes. b. the highest-valued alternative that must be given up to engage in an activity. c. a nonmonetary opportunity cost. d.

When interest rates rise, how might businesses and consumers change their economic behavior?

Which of the following statements is true according to the two-factor theory? A. Recognition is a hygiene factor. B. The hygiene factors tend to be intrinsic factors. C. Adequate hygiene factors ensure that people are not dissatisfied. D.

What is the present value of a $100 perpetuity if the interest rate is 10%? Round your answer to the nearest cent.

When a business wants to change an accounting method for tax reporting, such as the cost-flow method used for inventory, what body must give permission for the change?