Determining the appropriate amount of nonprofit directors and officers (D&O) insurance coverage depends on various factors specific to your organization. Here are some considerations to help you determine the coverage limit for nonprofit D&O insurance:
Organization size and budget: Larger organizations with more assets and higher annual revenue may require higher coverage limits to protect against potential claims. Smaller nonprofits with limited resources might opt for lower coverage amounts.
Risk profile: Assess the specific risks and exposures your nonprofit faces. Consider factors such as the organization's activities, the number of employees and volunteers, the types of services provided, the nature of partnerships or collaborations, and any legal or regulatory requirements applicable to your sector. Organizations operating in high-risk or litigious fields may need higher coverage limits.
Board composition and responsibilities: Evaluate the composition of your board of directors, their roles, and the level of decision-making authority they have. Consider the potential for claims arising from board actions, decision-making processes, or conflicts of interest. Nonprofits with more complex governance structures or boards with higher levels of responsibility may require increased coverage.
Potential claim costs: Estimate the potential costs associated with defending against a claim and potential settlement or judgment amounts. Take into account legal fees, court costs, and any potential financial damages that may be awarded. Consult with an insurance professional or broker who specializes in nonprofit D&O insurance to help assess these potential costs.
Legal requirements and contractual obligations: Review any legal or contractual requirements that mandate a specific minimum coverage amount. Certain grants, contracts, or agreements may specify the required D&O insurance limits.
Peer organizations: Research the coverage limits typically carried by similar nonprofit organizations in your sector or region. Benchmarking against peer organizations can provide a reference point to help determine an appropriate coverage level.
It's important to consult with an insurance professional or broker who specializes in nonprofit insurance to discuss your organization's specific needs and obtain personalized advice. They can help assess your risks, evaluate your organization's unique circumstances, and guide you in selecting the most suitable coverage limits for your nonprofit D&O insurance.
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Why is a higher interest rate important when saving money?
A higher interest rate is important when saving money because it allows for greater growth of your savings over time.
Interest rates are the percentage of the principal (or original amount of money) that is added to your savings each year. With a higher interest rate, the amount of money you earn in interest will be greater, allowing you to accumulate more savings over time. This is especially important for long-term savings goals, such as retirement or saving for a down payment on a house.
By choosing a savings account or investment option with a higher interest rate, you can maximize the growth of your savings and reach your financial goals more quickly.
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what are some of the things that a business can do to develop a data-savvy workforce? select all that apply.
To create a data- savvy model a business can do the following:
Form data driven leadershipData should be used everywhereCreate your own data dictionary and relevant toolsHire data scientist and team having expertise knowledgeBuild analytical skills and strong courseData needs to be a part of decision makingWhat do you mean by data?
Data can be referred as vital piece of information that provides relevant and up to date information. The role of data has enhanced largely ranging from big MNCs to small food companies.
Data can be of many types
QuantitativeDiscreteQualitativeContinuousTherefor, to create data savvy given points can be considered.
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True or false: According to the equity theory, each worker develops a personal input-output ratio to compare his or her inputs with the inputs or rewards offered by the organization.
Answer:
true
Explanation:
plz add me in ur brainlist
If Vito, Inc. has an inventory turnover ratio of 5 times, then its average days to sell inventory must be ______.
The average days for Vito, Inc to sell inventory must be 73 days.
What is inventory turnover ratio?Inventory turnover is the rate that inventory stock is sold, or used, and replaced. It shows many times a company has sold and replaced inventory during a given period.
Given the above information,
Average days to sell inventory = 365 days / Inventory turnover ratio
Average days to sell inventory = 365 / 5
Average days to sell inventory = 73 days
Hence, the average days for Vito, Inc to sell inventory must be 73 days.
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A broker has advised you not to invest in oil industry stocks because they have high standard deviations. Is the broker’s advice sound for a risk-averse investor like yourself? Why or why not?
As an investor who is averse to risk, it is advisable not to invest in oil industry stocks that have high standard deviations. A standard deviation is a statistical measure that indicates the amount of deviation or dispersion from the mean or average price of a stock. A high standard deviation implies that the stock is highly volatile, meaning it could go up or down significantly in a short period.
If you are a risk-averse investor, the broker's advice is sound, as oil industry stocks have historically been among the most volatile stocks, making them riskier. For a risk-averse investor, investing in low-risk, stable stocks is more appropriate than investing in high-risk stocks that could lead to significant losses.
If an investor still wishes to invest in oil industry stocks despite the broker's warning, it is best to diversify one's investment portfolio. A diversified portfolio consists of different types of investments, such as stocks, bonds, and mutual funds, spread across various industries and sectors, reducing risk and volatility.
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On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February 28, 2022, and the program was available for release on April 30, 2022. Development costs were incurred as follows: September 30 through December 31, 2021 $ 2,200,000
January 1 through February 28, 2022 800,000
March 1 through April 30, 2022 400,000
Athens expects a useful life of four years for the software and total revenues of $5,000,000 during that time. During 2022, revenue of $1,000,000 was recognized.
Required:
Prepare a journal entry in each year to record development costs for 2021 and 2022.
The journal entries to record the development costs for the software program in 2021 and 2022 are as follows:
In 2021:
Debit: Development Costs (asset account) - $2,200,000
Credit: Cash - $2,200,000
In 2022:
Debit: Development Costs (asset account) - $1,200,000
Credit: Cash - $1,200,000
The development costs for the software program are recorded as an asset on the balance sheet until the program is available for release. Once the technological feasibility is established, the costs can be capitalized and recorded as an intangible asset.
In 2021, from September 30 to December 31, Athens Software incurs development costs of $2,200,000. To record this expense, we debit the Development Costs asset account and credit the Cash account for the same amount, indicating the cash outflow.
In 2022, from January 1 to February 28, Athens incurs additional development costs of $800,000, and from March 1 to April 30, incurs $400,000. However, since technological feasibility was established on February 28 and the software was available for release on April 30, only the costs incurred after February 28, totaling $1,200,000, can be capitalized. Similar to the previous entry, we debit the Development Costs asset account and credit the Cash account for $1,200,000.
It's important to note that no revenue is recorded in the journal entries for development costs. Revenue recognition occurs separately and is based on the company's estimates of total revenues from the software program over its useful life.
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Prime cost is directly related to production. So, per unit prime cost can be calculated easily. While on the other hand, overhead does not have direct relationship with production. So, to calculate per unit cost, overhead is classified according to functions.” Explain this statement and also summarize all the overheads according to their functional classification.
Basically, a firm's prime cost equals the total direct costs of production which includes the cost of raw materials and labor.
The prime cost equation is {Cost of raw materials + Direct labor}The overhead cost refers to those cost incurred while running a firm but can not be linked to creation of a product or service.
Overhead expenses is the cost remaining after deduction of direct labor, direct materials and direct expenses.
In conclusion, the prime cost and overhead cost are both significant in production of finished goods.
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Which type of debt security is always categorized as a current asset? A) available-for-sale debt investments B) trading debt investments C) held-to-maturity debt investments D) Each of these choices can be categorized as long-term if the investor intends to hold the investment for longer than one year.
A) available-for-sale debt investments. available-for-sale debt investments are always categorized as current assets because they are held with the intention of being sold in the near term, typically within one year.
The classification of these investments as current assets reflects their liquidity and the expectation that they will be converted into cash within a short period of time. This classification is in accordance with generally accepted accounting principles (GAAP) and helps provide a clear representation of a company's short-term financial position.
Trading debt investments (B) and held-to-maturity debt investments (C) may be classified as either current or long-term assets, depending on the investor's intent and the specific circumstances surrounding the investments. If the investor intends to hold these investments for longer than one year, they may be classified as long-term assets. However, if there is an intention to sell them within one year, they would be categorized as current assets. Therefore, the correct answer is A) available-for-sale debt investments.
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Describe each of the three categories that money is generally placed in. Include an example of each. (4 points)
Subject is (Economic)
Answer:
other have in business is 1 pesos 2 pesos if u want to have a price like 1 pesos in 1 piece
which of the following can create inventory errors? (select all that apply.) multiple select question. understatement of ending inventory due to pricing mistake. mistakes in the cutoff relating to purchases of inventory. overstatement of ending inventory due to physical count mistake. reporting inventory at the lower of cost and net realizable value.
The following can create inventory errors: understatement of ending inventory due to pricing mistake, mistakes in the cutoff relating to purchases of inventory, and overstatement of ending inventory due to physical count mistake.
Reporting inventory at the lower of cost and net realizable value may not necessarily create inventory errors, but it can impact the valuation of inventory.
The following options can create inventory errors :
A. Understatement of ending inventory due to a pricing mistake: Inventory errors can occur when incorrect prices are applied to items in the inventory, leading to an understatement of the ending inventory's value.
B. Mistakes in the cutoff relating to purchases of inventory: Inventory errors can also arise from mistakes in recording the timing of inventory purchases, which can affect the ending inventory balance.
C. Overstatement of ending inventory due to a physical count mistake: Inventory errors can result from inaccuracies in the physical count of items in the inventory, leading to an overstatement of the ending inventory's quantity.
Reporting inventory at the lower of cost and net realizable value is a standard accounting practice and does not create inventory errors.
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If a company has total costs C(x)=35,000+25x+0.2x
2
and total revenues given by R(x)=595x−0.8x
2
, find the break-even points. (Enter your answers as a comma-separated list.) x=
The break-even point is approximately x = 626.17.
To find the break-even points, we need to determine the values of x where the total costs (C(x)) and total revenues (R(x)) are equal.
Given:
Total costs: C(x) = 35,000 + 25x + 0.2x^2
Total revenues: R(x) = 595x - 0.8x^2
To find the break-even points, we need to set C(x) equal to R(x) and solve for x.
35,000 + 25x + 0.2x^2 = 595x - 0.8x^2
First, let's simplify the equation by combining like terms:
0.2x^2 + 0.8x^2 - 595x + 25x - 35,000 = 0
Combining like terms gives us:
1x^2 - 570x - 35,000 = 0
Now, we can solve this quadratic equation using factoring, completing the square, or the quadratic formula. Let's use the quadratic formula to find the values of x:
x = (-b ± √(b^2 - 4ac)) / (2a)
Plugging in the values for a, b, and c from our equation, we get:
x = (-(-570) ± √((-570)^2 - 4(1)(-35,000))) / (2(1))
Simplifying further:
x = (570 ± √(324,900 + 140,000)) / 2
x = (570 ± √464,900) / 2
x = (570 ± 682.34) / 2
This gives us two possible solutions for x:
x = (570 + 682.34) / 2 ≈ 626.17
x = (570 - 682.34) / 2 ≈ -56.17
Since we cannot have a negative number of units, we disregard the negative solution. Therefore, the break-even point is approximately x = 626.17.
The break-even point is the quantity of goods or services a company needs to sell in order to cover its total costs. In this case, we have a quadratic equation to find the break-even points. By setting the total costs equation equal to the total revenues equation, we can solve for x. Simplifying the equation and using the quadratic formula, we find two possible solutions for x: x = 626.17 and x = -56.17. However, since the number of units sold cannot be negative, we disregard the negative solution. Therefore, the break-even point is approximately x = 626.17. This means that the company needs to sell around 626.17 units of its product or service to cover its total costs and break even. It's important to note that the break-even point can be interpreted as the minimum quantity a company must sell to avoid losses. If the company sells more than the break-even point, it will generate a profit, whereas selling fewer units would result in a loss.
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A tax credit of $5000 for a person in a 35% tax bracket would reduce a person's taxes owed by?
A tax credit of $5000 for a person in a 35% tax bracket would reduce a person's taxes owed by $1,750.
What is tax credit?Tax credit can be defined as the money deducted from the tax you owe.
Using this formula
Tax reduction=Amount owe- Tax bracket percentage
Let plug in the formula
Tax reduction=$5,000×35%
Tax reduction=$1,750
Therefore a tax credit of $5000 for a person in a 35% tax bracket would reduce a person's taxes owed by $1,750.
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whats the meaning of oligopoly and monopoly market structure
Answer:
Oligopoly is a market structure with a small number of firms, none of which can keep the others from having significant influence, whereas monopoly is one firm, a duopoly is two firms and an oligopoly is two or more firms.
Explanation:
got it from class with help from investopida
You are scheduled to receive £18,000 in two years. When you receive it, you will invest it for eight more years at 9 percent per year. How much will you have in ten years?
After ten years Investor will have £38,146.84. Hence, the future value (FV) of investment will be £38,146.84.
You are scheduled to receive £18,000 in two years. When you receive it, you will invest it for eight more years at 9 percent per year. We need to determine how much will you have in ten years. We will use the following formula: FV = PV(1+i)nWhere, FV = Future value of investment PV = Present value of investment i = Annual interest rate (in decimal form)n = Number of years Therefore, the initial present value (PV) is £18,000. This money is invested for eight more years at 9 percent per year. Hence, the interest rate (i) will be 9/100 = 0.09. Also, n = 8, as it will be invested for eight more years after two years. Therefore, the future value (FV) of investment will be: Future value= 18000(1+0.09)8= 18000(1.09)8= £38,146.84.
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Select the correct answer from each drop-down menu. What are the features of a corporation? the chief distinguishing factor of a corporation is its. An investor who purchases stock in a corporation becomes a in that corporation.
Stocks are ownership certificates.Then, everybody who purchases a stock in a corporation becomes a shareholder in the business. This implies that if there are any corporate profits, this person is entitled to a portion of it.
If a lawsuit is brought against the company, limited liability means that neither the owner nor the stockholder are personally liable; only the corporation is.A person or organisation who buys or receives shares in a firm is referred to as a shareholder. The corporation is then owned by the shareholder. The percentage of ownership is determined by how much stock a person or company owns.If the stock price increases during the course of the year, the shareholder will be paid a check from the company’s profit. Majority and minority shareholders are the two types of shareholders.In the US, limited liability companies are referred to as LLCs. Legally speaking, an LLC’s owners are not held liable for the debt of the business.They are not responsible for the liabilities either. A LLC has greater tax freedom than other corporate structures.
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Question 14 of 20
Why might health care costs be less of a concern for a British company than
an American company?
A. America has stronger laws that regulate health care.
B. American companies do not provide health care to employees.
C. Britain allows its citizens to seek foreign treatment.
D. Britain has a system providing free universal health care.
Answer:
A
Explanation:
America has strong laws regulate health care
Answer:
its D - Britain has a system providing free universal health care.
Explanation:
Differences between Communism, capatilism, socialism essay
Capitalism and communism are different in their political and economic ideologies. Capitalism and Communism never go together. One of the major differences between capitalism and communism is with regard to the resources or the means of production.In Communism, the community or society solely owns the resources or the means of production. An economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state is called capitalism. On the other hand, a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole is known as the socialism.In capitalism, the individual’s right is the basic principal, whereas, in socialism, the equality among people is the basic principal. In capitalism, the maximum profits and incomes are for the investors or the individuals, whereas in socialism, the equal distribution of wealth among the people of the country.
At a local grocery store, they sell a Visa card that has a prepaid amount on it. People can use this card anywhere, but it cannot be used for more than its prepaid value. Which type of card is this?
A.
a debit card
B.
a smart card
C.
a stored value card
D.
a retail credit card
The type of the card is a Retail Credit card. Hence the option (D) is the correct one.
What is the function of retail credit cards work?For retail credit cards, an image You can potentially obtain benefits at some retail establishments if you have a retail store credit card.
Decide if you want a card that restricts the retailers with which you may earn rewards or one that enables you to earn rewards for regular purchases. Benefits could consist of privileged access to funding, exclusive deals, discounts, and awards.
For instance, paying in whole for a motorcycle costing $10,000 would be excessive for a buyer.
Consumer will receive a $10,000 loan from retail credit institutions, which will be repaid with interest over a period of time in the form of monthly installments.
Hence the correct option is (D).
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Perform an online or offline search, and choose a technology firm near your location. You must then call and speak to someone from the firm's Human Resources department (preferably the HR manager) and conduct a brief (15- to 20-minute) interview with them. During the interview, you need to ask questions about the company's core functions, the different types of jobs available in the company, a list of qualities that the company expects from its employees, and so on. In other words, your questions should cover the points that the HR department would include in the company's Code of Conduct Manual. You should keep a record of all the answers and write a summary of what you have learned. Alternatively, if you do not find a technology firm near your location, or if the HR manager is unwilling to have a sit-down interview, you could find a company online and correspond with the manager through email with the help of a questionnaire.
Answer:
I have selected Samsung electronics which is located in my area. I have visited the company and conducted a meeting with HR manager.
Explanation:
The company has launched trainee program for the graduates. HR manager has provided details about the program which includes training of freshers and on job support. They can study and do the job together so that they learn how to work in an office environment. Graduates can assist manager of multiple department at a time which gives them exposure of different department tasks. The main qualities which are required by the company in a candidate are multitasking skills, problem solving ability and ability to meet deadlines. For interview there is a short game in which IQ level of candidates is tested and those who clear the levels of the game are then promoted for a panel interview.
ten opinions on "discipline and successful life"
Answer:
graditude
forgiveness
meditation
active goal setting
eat healthy
sleep
exersize
organisation
time management
persistance
The regular expenses of doing business such as wages, rent, utilities, insurance, and advertising is also known as the
Answer:
Operating expense
In which countries do people prefer discussing business during meals?
Answer:
china
Explanation:
if your traveling to china on business do not discuss business during meals .
Answer:
Always send a thank-you note following a hosted meal.in Philippines
The overhead rate method which uses a different overhead rate for each production department is called what?
Departmental overhead rates enable the application of a unique activities or cost driver for each department.
What is the name of the items rated approach, which charges each manufacturing department a different overhead rate?Overhead allocation is the process of allocating indirect costs to produced goods. It is required under the rules of numerous accounting schemes. In many businesses when the amount of trash to be distributed is substantially greater than the actual price of goods, the cost driver approach may be important.This is the easiest use when cost of service centers provide services to cost of production center and not to one another.The departmentalization of overhead is another name for this. Identifying production overhead costs with reported . for example departments or cost centers is the process of departmentalizing production overhead costs. It is accomplished by the distribution and allocation of overhead costs among several divisions.To learn more about overhead rate refers to:
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Horizontal analysis is the review of financial statement data across time and the term horizontal comes from the _____ movement of our eyes as we review comparative financial statements:
The term "horizontal" in horizontal analysis refers to the left-to-right movement of our eyes as we review comparative financial statements.
Horizontal analysis is a technique used to analyze financial statements by comparing data across time period. When conducting a horizontal analysis, financial statements from different time periods are compared side-by-side.
This allows analysts to identify trends and changes in financial performance over time. Horizontal analysis is particularly useful in identifying changes in a company's revenue, expenses, assets, and liabilities over a specified period.
Overall, horizontal analysis is an important tool for financial analysts and investors to better understand a company's financial performance over time.
By analyzing financial data across time periods, analysts can identify areas of strength and weakness, and make more informed investment decisions.
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In Europe, schoolchildren devote time during each school day to calisthenics. North American schools rarely offer a daily calisthenics program. Tests prove that North American children are weaker, slower, and shorter-winded than European children. We must conclude that North American children can be made physically fit only if they participate in school calisthenics on a daily basis. Which one of the following is assumed in the passage?
a. All children can be made physically fit by daily calisthenics.
b. All children can be made equally physically fit by daily calisthenics.
c. Superior physical fitness produces superior health.
d. School calisthenics are an in indispensable factor in European children’s
e. North American children can learn to eat a more nutritious diet as well as to exercise daily.
Answer:
ummmm...
Explanation:
life savers gummies fruit splosions, liquid-filled gummies combined with a burst of real fruit juice, are a new product for the wrigley co.. before marketing the product nationwide, wrigley gave out samples of the candy at several rock concerts and then recorded consumers' feelings about the candy, its taste, and its name. in which stage of the new-product development process would this have happened? group of answer choices prospecting brainstorming focus group management test marketing screening
In this stage of the marketing test process, new product development will occur.
The notion of marketing is a comprehensive, integrated, and planned process carried out by an organization or institution in conducting business to be able to accommodate market demand by creating products with selling value, determining prices, communicating, conveying, and exchanging offers that are of value to consumers, clients, partners and the general public.
In simple terms, the definition of marketing is more identified with the process of introducing a product or service to potential consumers. These aspects of marketing include advertising, public relations, promotion, distribution, sales, and customer service.
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After income tax is paid by a
corporation, what percentage of
the remaining profit is paid as the
dividend tax?
A. 30%
C. 15%
B. 5%
D. 10%
Answer:
option C
Explanation:
the general rate of dividend is 15%
What is your definition and understanding of interpersonal
conflict?
How might you incorporate win-win strategies into your own
conflict management behavior?
Interpersonal conflict refers to the disagreement between two or more people or groups with opposing interests, needs, values, beliefs, or goals. It can occur in various settings such as homes, workplaces, schools, or communities.
Effective conflict management involves understanding the root cause of the conflict, defining the issues at stake, exploring potential solutions, and negotiating a mutually beneficial resolution. Win-win strategies are essential in resolving interpersonal conflicts in a constructive and sustainable way. They involve creating a solution that benefits both parties, instead of one person winning at the expense of the other. This approach requires effective communication, active listening, empathy, and creativity.
To incorporate win-win strategies into my own conflict management behavior, I would do the following:
1. Identify the root cause of the conflict and clarify the issues at stake.
2. Listen actively to the other person's perspective and seek to understand their needs, interests, and values.
3. Express my own needs, interests, and values in a clear and respectful way.
4. Brainstorm potential solutions that address both parties' needs and interests.
5. Evaluate the pros and cons of each solution and select the one that maximizes mutual benefits.
6. Implement the chosen solution and evaluate its effectiveness over time.
Overall, effective conflict management involves taking a proactive and collaborative approach to resolving interpersonal conflicts. By incorporating win-win strategies into my own conflict management behavior, I can create positive outcomes for both myself and others.
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In October 1999, Procter & Gamble signed a contract with Tupperware Corporation for joint marketing and promotion. The two firms agreed to co-promotion and cross-endorsement of products. In a press release a P&G VP of marketing stated. "Both Procter & Gamble and Tupperware have broad global reach and their brands are known and trusted around the world. Our strengths are complementary and should generate even greater synergies in the future. The agreement between P&G and Tupperware represented which of the following?
A merger/acquisition making Tupperware a wholly owned subsidiary of P&G
An international joint venture
A strategic alliance between US based firms engaged in international business
An exporting contract
The agreement between Procter & Gamble and Tupperware in October 1999 represented a strategic alliance between US-based firms engaged in international business.What is a strategic alliance?A strategic alliance is an agreement between two or more businesses to collaborate for a specific purpose.
The businesses in a strategic alliance may not have ownership or management interests in one another.Strategic alliances are formed when businesses see an opportunity to leverage their complementary strengths to achieve a goal that they could not achieve alone. The main types of strategic alliances are licensing, distribution, marketing, joint venture, and research and development.
What is a joint venture? A joint venture is a form of strategic alliance that involves two or more businesses pooling their resources to create a separate legal entity. The joint venture partners agree on the management and sharing of profits and losses of the new entity. A joint venture is typically used when two or more companies come together to create something new that they could not have done alone.
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On January 1, 2021, White Water issues $540,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 6% and the bonds issued at $580,169
1. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021 and December 31,2021
Bond issue on January 1, 2021 is Cash $ 580,169 Premium on Bonds Payable is $ 40,169 and Bonds Payable is $540,000. first two semiannual interest payments are $18900.
The amount that the issuer owes bond holders is kept in an account called "Bonds Payable." Due to the fact that bonds often have a longer maturity period than one year, this account is typically seen in the long-term liabilities area of the balance sheet. Public utilities typically issue bonds to help finance a new electric power plant, hospitals typically issue bonds for new construction, and governments typically issue bonds to fund projects, cover operating deficits, or redeem older bonds that are approaching maturity. Because it is expected to be paid within the next year, bond interest payable is categorized as a current liability.
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